Mobile phone seem to be the new and still lasting trend, especially with the younger crowd of today. A crisis of the financial nature could strike anyone at anytime. In times when you are not prepared for it and you require immediate help, small text loans make it possible for you to draw funds through your phone within a few hours.
The amounts attainable extend to a maximum of 100, for a tenure of 1 day to a week. These are one of the shortest forms of short term loans and therefore come with fairly high rates of interest. Though the funds are not large, in times of dire emergencies that the borrower is forced to encounter, they prove to be of great help. If the borrower is aware of the fact that repaying the amount in the stipulated time is not going to be possible he may extend the period at an extra charge by informing the lender about it in advance.
The mini funds can also be availed of by bad credit holder as and when they need them. They do not have to think twice about applying and about extra formalities due to their backgrounds as no credit checks are conducted on any applicant. When your salary for the month is absorbed by your other expenses before time, these small text loans could be used to get you through the monetary gap.
To qualify to apply the following conditions must be met:
Applicant should be above 18 years old with citizenship of the UK
A bank account in the name of the applicant, which is used and a cell phone is necessary
The applicant must also be employed.
After registering online, which is a onetime thing, the applicant may carry out all further transactions through text messages from his cell phone using the PIN given to him.
Ben Gannon is financial adviser for Online Loanss. click on the links to know more about small text loans, wedding loans, surgery loans and quick text loans.