A car in need of repairs, an expensive overdraft or another emergency situation: we’ve all been there. Our instant loans service has been designed to help you borrow money, quickly. The online application form takes only a few minutes to fill out and we will provide you with a quick decision so that you’re not left wondering where you stand financially.

Read through the below questions to find out more information about how our instant loan online service works and how Wizzcash can help you.

What Is An Instant Loan?

Instant loans are designed for loan applicants who need cash sooner rather than later. Often, the standard loan application process can take a long time; the process from application to approving an applicant and then transferring the funds can take a week or more. What’s more, when taking out a standard loan, the amount borrowed is also usually relatively high and the repayment period is often at least a couple of years as a result. This does, of course, depend on how much you borrow.

With instant loans, the application process, approval time and the repayment period are generally significantly less. Candidates usually receive the funds by the end of the day or within 24 hours of acceptance. With Wizzcash, the repayment period for instant loans is just three months; this means that the funds are available for you within the same day of approval and the loan repayments won’t continue to impact on your finances for years to come, provided repayments are made on time.

When applying for instant cash loans, you will still need to fill out an application form. We will collect information about how much you earn each month and what your monthly financial commitments are. We will also run a credit check, though you must be at least 18 years old, a UK resident and earn £750 each month.

Why Do People Apply For Instant Loans?

People apply for instant loans for many reasons. As the purpose of the loan is to provide access to the funds quickly, most people use instant loans for financial emergencies.

This can include:

  • Broken down home appliances
  • Car Repairs
  • Plumbing Problems

This list is not extensive and we do not need to know any information in regards to your reason for making the loan application. However, as a responsible FCA-regulated lender, we will only approve applicants who meet our criteria.

How Can I Apply For Instant Loans?

At Wizzcash we make it a priority to ensure that the entire instant payday loans process is fast. You can make your application online and you will also find all of the information you might need to know about applying on our website.

During application, you will be asked a few questions about yourself, your financial circumstances and for your bank account details. We will then quickly run through the checks to ensure that you meet our criteria. Once you have been approved we will let you know instantly via email or SMS.

The cash will then be transferred to the bank account you provided us with the details for. Depending on the time you make the application, this can usually be before the end of the working day.

If you are not accepted, we will also inform you of this decision as quickly as possible

What Do I Need To Know Before Applying For Instant Loans?

When you apply for an instant loan, we will ensure that you meet certain criteria. We use the information you provide us with to asses whether or not you can afford to make the repayments. We also run a credit check on you to ensure you can afford the repayments. If you do not make the monthly repayments, this may negatively impact your credit score.

The minimum amount you can borrow is £200 and the maximum is £1000. This is the same for all customers, whether new or returning. This is usually be repaid over three months.

How Do I Pay Back My Instant Loan?

Repaying your loan is made simple with our automatic system. We take the repayments directly from your bank account in three instalments, on your pay date each month.

The only thing you need to do is make sure you know your repayment dates and ensure that you have enough funds to cover it. If you want to pay back your loan early, you can get in touch.

What Should I Do If I Can’t Make A Repayment?

Not repaying your loan can seriously impact your credit score and you will also be required to pay a £15 fee for missed payments. We advise that you always ensure you have enough money in your account to cover the repayments. If you are going to be unable to make your repayment, it is important that you get in touch with us before the payment is due. In some cases, we may be able to help you with a new repayment plan or another way to get back on track.

Why Should I Choose Wizzcash For Instant Payday Loans?

At Wizzcash, we take pride in offering a fast loan service for all applicants. From the moment you make your application, we do everything we can to provide you with a decision quickly. As we are a direct lender, we are able to handle the entire process ourselves without waiting for any third-party lenders to reply. This allows us to help you sooner rather than later. We even strive to ensure that your loan agreement, total repayment amount and how much each instalment will cost you are made clear at every step of the way.

We are a direct lender and a broker, this means that if we are not able to help you we will link you to a panel of consumer credit companies who might be able to offer you other consumer credit products.

Please feel free to contact us if you want to know more about instant loans.