If you’ve suddenly found yourself faced with a bill that you are unable to pay, you may need an instant cash loan to get you to payday. Here at Wizzcash, we offer instant cash loans to those in need of some urgent financial aid with a simple and fast application process. You can have your instant decision loan funds before the end of the day and pay back your loan over a 3 month period in small, easy payments.
Why Do People Apply For Instant Loans?
There are many reasons why people apply for instant loans, but emergency expenses are what these types of loans were designed to be used for. Because instant loans can be applied for and transferred into your account in a matter of minutes, they can easily be used for expenses that crop up unexpectedly and need to be dealt with right away, such as:
- Urgent dental or medical care
- Vehicle repairs
- Urgent home repairs
- Emergency transportation
- Unexpected bills
- And many more
How Can I Apply For Instant Loans?
Applying for instant loans can all be done online. When you apply for instant decision loans with Wizzcash you can use our Loan Calculator to tell us how much you would like to borrow and see for yourself how much you will be paying back. It takes only a matter of minutes to have your application for instant decision loans filled out and sent off. If your loan application is approved, you could have the funds from our instant payday loans in your bank account, ready to use, before the end of the day.
How Much Can I Borrow With An Instant Decision Loan?
We offer instant decision loans of up to £1000 that can be paid back over a 3 month period in 3 equal payments. When applying for your loan you can choose how much you would like to borrow, starting from £200.
What Do I Need To Know Before Applying For Instant Loans?
While we won’t interfere with how you choose to spend your loan, FCA regulations and our commitment to responsible lending practices prevent us from lending to people that do not meet our criteria or pass our necessary checks prior to the approval of their application.
Does Applying For Instant Decision Loans Involve A Credit Check?
When making your application for instant cash loans, we carry out a range of checks before making our decision. These checks allow us to see if you can afford the instant loans you have applied for. These include both affordability checks and credit checks. If you do not have perfect credit, you might still be eligible for a loan as long as you can afford the repayments.
Are There Any Restrictions When Applying For Instant Payday Loans?
We are a responsible direct lender that complies with FCA regulations, which is why we do not offer instant decision loans to people we don’t believe can afford it. We have a strict criteria that must be met in order for your loan application to be approved by us. You must be:
- Over 18 years of age
- A UK resident
- In current employment and taking home a minimum of £750 per month
You must also pass our necessary affordability checks to ensure that you are applying for instant cash loans that you are capable of paying back.
Would An Instant Loan Affect My Credit Score?
While simply applying for instant payday loans won’t affect your credit score, they can leave a footprint on your credit report that may affect future loan applications. If you miss any repayments on your instant loan, however, your credit score can be affected.
How Much Do Instant Loans Cost?
At Wizzcash, we try to make our instant loans as affordable as possible and do our best to help our customers make their repayments. We will never lend more than we think you can afford, so there is no need to worry about being stuck with a loan that you can’t pay back. To calculate the cost of your instant payday loan, there are a few things you need to take into consideration.
What Is APR?
APR is a term you will often come across when applying for instant payday loans and it is important that you are aware of what it means before you apply for one. ‘APR’ stands for Annual Percentage Rate. The percentage that you see associated with the loan you are applying for indicates how much your loan would cost after a year compared to the original sum. There are certain factors that can affect this, however, and there is a difference between typical and representative APR. Payday loans and short term loans often have APRs that are higher than other types of loans because they are designed to be paid back as quickly as possible.
How Do I Pay Back My Instant Loan?
Here at Wizzcash, our instant cash loans can be paid back in 3 monthly instalments to make your repayments more manageable and we take the work out of organising your repayments. When the repayment date arrives, we will automatically take the repayment amount from your account, so you don’t have to worry about it. All you have to do is make sure that there are enough funds in your account to afford the repayment of our instant cash loans and we will do the rest. At Wizzcash, we have no early repayment fee, so if you have the funds to pay back the rest of your loan all at once and would like to do so, you can. All you have to do is get in touch with us and you can pay off the rest of your loan with no problem.
What Should I Do If I Can’t Make A Repayment?
We do our best to make our payday loans affordable, but understand that things don’t always go the way we plan. Late and missed repayments can have severe financial implications so you should always make sure that you have enough money in your account for your instant loan repayments. A default fee of £15 is also charged to your account if you miss a repayment. If, however, you are unable to afford your repayment you can always talk to us. By talking to us before the repayment date, we can help you by providing you with a payment plan, depending on your situation, to make your repayments more manageable. Because we are conscious of how debts can pile up, we do not offer rollovers.
Why Should I Choose Wizzcash For Instant Payday Loans?
Our aim is to supply people with fast and reliable financial solutions for emergencies with our instant payday loans. We do our best to get your funds into your account as soon as you need them and take the wellbeing of our customers very seriously.
What Should I Look For When Choosing A Lender For Instant Loans?
When looking for a lender for instant loans, you need to find a direct lender that you can trust and one that operates with complete transparency. You should always look out for APR, additional fees, fixed interest rates, and the flexibility of your repayment plan. At Wizzcash, responsible lending practices are one of our biggest priorities and we do our best to ensure that you have all of the information you need to make your decision. When applying for instant decision loans, we will give you all of the terms and conditions as well as the exact amount you will be repaying, with no hidden fees.
Is Wizzcash A Regulated Lender?
As a responsible lender, we comply with all of the conditions set by the regulatory bodies and organisations in our industry and take extra care to ensure that all of our instant loans are affordable and flexible. All of our fees and interest rates have been capped accordingly and you will never be paying more than double on your instant cash loan, no matter how long you have it for.
Is The Application Process For Instant Loans Complicated?
Not at all. The application for instant payday loans from Wizzcash is quick and easy and it will only take a few minutes to complete. To get started, all you need to do is use our helpful Loan Calculator to tell us how much you would like to borrow and click ‘Apply Now’ to be sent to a short online form. Here, you fill in your personal and financial details as accurately as possible, which can be done in only a few minutes. Once you have submitted your application for our instant decision loans, our team will get working right away to perform the necessary checks and ensure that you are eligible for instant payday loans. We will get back to you as soon as we can to let you know if your application has been approved.
When Can I Access My Instant Loans Funds?
After your instant cash loans application has been approved by us we will send to you either an email link or an SMS. This can be used to review the terms and conditions of your loan as well as electronically sign your loan agreement. We may get in touch with you if we need you to provide any additional information or verify a few details when you apply for our instant decision loans. After the instant cash loans agreement is signed and we have all of the information we need, we can have your funds sent to your bank account within 60 minutes after approval and you can start using them right away.