A new payday loan product has been launched to borrowers in the UK.
Online lender 24hourloans.org.uk is offering payday loans of £100 to £1500 that can be taken out without any credit checks . The cash is made available on the same day of the application.
These emergency purpose loans are available at competitive interest rates and repayment is due within two weeks.
24hourloans.org.uk has compiled a select list of the lenders who do not make many enquiries on the borrowers and whose interest charges are comparatively lower than others.
Customers can also avoid lenders who charge hidden payments and very high late payment penalties.
To be eligible for a 24 hour payday loan, borrowers must prove their employment status and meet other criteria regarding age and income.
24 Hour Payday Loan Product Launched
Tue, 18 Aug 2009
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