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(EMAILWIRE.COM, March 17, 2011 ) London, UK - The market is flooded with various kinds of loan programs that help in overcoming the financial problems of an individual. There are some kinds of loan programs, which require in depth understanding to know the category and who can opt for it. On the other hand, there is Pounds Till Payday loans, which is generally a short-term financial aid designed to provide the money until the person gets his next month's salary. The fees charged for this economic assistance programs depend upon the amount borrowed and the credit history of the borrower. Being a short-term a short-term loan, the money so borrowed has to be paid back within 30 days or when the salary arrives; whichever is earlier. The money is available that very day or within 24 hours and is credited to the bank account. However, if the deadline to repay the money so borrowed is over, additional fees will be charged in the form of penalty.
The eligibility criteria are so simple that any customer with defaults, arrears or facing bankruptcy can opt for these loan programs without any kind of hassle. However, the interest rate charged is slightly higher which is around 20 pounds for every 100 pounds borrowed. But if a person has got good credit history and is willing to put his valuable assets like car, home, etc. as collateral, then the interest charged on the money so borrowed can certainly come down. It is to be noted that there are many lending agencies that do not charge any kind of interest, if a person is borrowing loan for the first time. This is a goodwill gesture shown by the lenders so that the borrower returns the next time need for cash arises.
Although Pounds Till Payday loans provide cash ranging from £100 to £1,500, borrower is advised to opt for a lower amount because it would be easier for him to pay back without undue hassle. Borower should read the terms and conditions on the loan agreement papers in order to rule out any kind of hidden fees.
There is certain eligibility check done prior to disbursement of the money. The borrower must be a resident of United Kingdom and should be aged more than 18 years. He has to be employed in a reputable firm and should be earning regular monthly salary. A valid checking bank account which should be older than 3 months is an absolute must.
To check out Pounds Till Payday just click here: http://epoundstillpayday.co.uk/
ExtraFastPayDayLoan
Charlie L. Logan
213 639 9457
CharlieLLogan@yahoo.com
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