Short Term Loans From Cash Kitty
In the UK, millions of people are struggling to survive from one pay cheque to the next. The rising cost of living has forced more people to start looking for ways to cut costs and alternative sources of revenue apart from their day jobs. Short-term loans are the latest alternatives to the traditional loans offered by banks and other financial institutions.
Types of Short-term Loans
Lenders do not require that you have any collateral to gain access to short-term loans. There are two types of short-term loans in the UK including
Payday Loans
Also known as cash advances, the lender expects you to settle your loan in full amount when you get your next pay cheque.
Instalment Loans
These differ from payday loans in that you can pay your short-term loans in a series of instalment over the course of a few weeks or months.
Both types of loans attract a significant amount of interest that the Cash Kitty expects you to pay when repaying the loan at the agreed time.
Short-term Loan Eligibility
Few requirements make you eligible for a short-term loan from lenders. Cash Kitty are among the FCA-approved and they have amassed a diverse clientele including nurses, students, service personnel, drivers, teachers, and people who require cash advances. To be eligible for the Cash Kitty loans, you only need to be above the age of 18, have a source of income, an active bank account, an ability to pay the loan and access to the internet.
The average short-term loans range between 100 pounds and 1000 pounds and the loan eligibility officers at Cash Kitty will advise you on the best amount to borrow according to your repayment ability.
Conclusion
Cash Kitty is the leading financial lender in the UK, and the easy of applying for a short-term loan via the internet or in their local stores has seen it rise to a reputable lending institution. Visit the site or the store, and you will have one of the best borrowing experiences.