3 Month Loans
At Wizzcash we understand that a 3 month loan is a short term solution to an immediate problem. As there are a large number of short term loan providers on the market today, each with their own products and services, choosing the right loan solution for you is important, especially if you are looking for a 3 month loan option.
What Is A 3 Month Loan And How Does It Differ From A Payday Loan?
When you take out a payday loan, most providers will give you a precise repayment date, that may or may not be linked to your actual payday. It is on this date that the loan and any related interest has to be paid. If this figure is not repaid in full by that date, the borrower may be subject to additional charges and potentially increased interest that must then be cleared and paid off in full at the earliest opportunity.
When you enter into a 3 month loan agreement with us here at Wizzcash, you will have all of your repayment amounts and dates predetermined. This will enable you to borrow the amount that you need, whilst repaying the loan in three equal instalments over a 3 month period. We, therefore, believe that our 3 month loans make repayment planning easier and more convenient for our customers.
I’m A First Time Customer, Can I Get A 3 Month Loan?
If you have passed all of the applicable checks and have met our loan criteria, then yes you can get a loan from us whether you are a first time customer or not. We aim to process successful applications as soon as possible, therefore the cash could be in your account by the same working day.
How Easy Is It To Apply For A Wizzcash Loan?
To apply for a Wizzcash loan you simply need to fill in our online application form. Our application form is simple and easy to complete, and we ask only for the data that we need in order to process your loan whilst ensuring that you are in a position to repay your loan on time and in full. To be eligible:
- You must be at least 18 years old
- You must officially reside within the UK
- You must be in regular paid employment, earning at least £750 after tax
The following are the checks that we perform prior to lending:
- Credit check
- Affordability check
- Employment status
- Fraud check
Once you have submitted your information, we run our automated checks, as above, and once these have been completed, you will be notified as to the result of your application. To apply, simply complete our application form.
What Are Affordability And Credit Checks?
An affordability check, as well as a credit check, are both necessary steps in our 3 month loan application process. We are not able to offer any short term loans to customers without these checks. They ensure that we only offer loans to people who can realistically meet their repayments, including the interest, over the time period as specified.
I Have A Poor Credit Rating Does This Affect My 3 Month Loan Application?
We will take your credit rating into account when considering your application for a 3 month loan, however having a credit score that isn’t perfect won’t disqualify you from securing a loan with us. We consider an individual’s credit score a very important factor in every loan application.
We do appreciate that some individuals who may have experienced financial difficulties in their past but are now in a stronger position financially than they were previously. We, therefore, look at the picture as a whole when making a decision regarding your 3 month loan. Learn more about our payday loan process, and about applying for a payday loan here.
Do I Need To Put Up Any Security To Get A 3 Month Loan?
No, you do not need to put up any security to obtain a 3 month loan from Wizzcash. We do not require security, or collateral, because we ensure customers can afford to repay their loans prior to approving an application, by way of affordability and credit checks. We will only lend to you an amount that we believe you can comfortably manage to repay.
I Am Worried That I’ll Need More Time To Repay My Loan – Is This Possible?
We appreciate that unforeseen circumstances can arise, and financial situations can change sometimes suddenly, as is the case with financial and or medical emergencies, such as redundancy or an accident that causes you physical harm. These shifts can, therefore, affect your ability to repay your loans and/or meet your financial obligations. Should this occur, we strongly advise that you inform us of this change in circumstance immediately, so we can proceed to providing assistance and or guidance if/where necessary.
Why Should I Choose Wizzcash For My 3 Month Loan?
Wizzcash are a fully FCA authorised lender. Furthermore, we are also a broker, so if we can’t provide you with a 3 month loan we will link you to a panel of consumer credit companies who may be able to help you, furthermore providing you with information in regards to improving your credit score. We do not charge upfront fees, and our interest rate, or APR, is currently 1265% (true as of 02/04/19).
If you would like more information about a 3 month loan, then you can call us on 020 3740 7273, or you can email us on email@example.com. You can find all of this information and more, on our contact us page.