A Small Loan from WizzCash
When unexpected expenses arise, or should a financial emergency occur, a flexible small loan from Wizzcash could provide you with the safety and relief that you need to continue your daily routines. Our manageable small loans start from £200 and are designed to be a short-term solution to ease financial pressure. Whether you need to make an urgent payment to a tradesman to fix a broken boiler, or to a mechanic to fix your car, applying for an emergency small loan from WizzCash is simple and easy and can ensure that you remain on top of all your financial demands.
What is the Definition of a Small Loan?
Small loans offer you a quick and easy solution to help you in a financial emergency. Your small loan from WizzCash can be tailored to suit your needs and requirements.
What can I use my Small Loan for?
Your WizzCash small loan can be used to help you out of an emergency financial situation. For example, if you’ve just received an unexpected vet bill, or need to pay for repairs to your house due to water damage. Minor emergencies like this can really impact on your available cash and the money you use for your living expenses.
How do I Qualify for a Small Loan from WizzCash?
We are proud of our responsible lending practices, so we do have strict eligibility criteria for all of our small loans. Our eligibility criteria are in line with guidelines provided by the Financial Conduct Authority, and you can find out more about who are and what we do by following this link.
All applicants for our small loans need to meet the following criteria:
– Must be aged 18 or above
– UK residents only
– Must be in a form of employment and earning at least £750 per month (after tax)
If you need a small loan and meet all the above conditions, it’s quick and easy to apply for a WizzCash small loan online.
How is a Small Loan Different to Other Types of Credit?
It’s always advisable to check out all the different types of credit available before borrowing money. Some other types of credit and short-term loan options include:
– Bank-approved overdrafts
– Credit cards
If you plan to use your credit card to take out cash, you should be aware that some companies charge for cash withdrawals. Unauthorised bank overdrafts are also something to avoid. There are often additional charges in place for going over the authorised overdraft limit. By considering carefully all of the options available to you then you will be able to make the choice best suited to you.
Are There Other Places Where I can get a Small Loan Online?
A wide variety of lenders provide payday loans and small loans online. This means that it is a good idea to shop around (remember to also use comparison sites) before making any decision regarding your small loan, as interest rates can vary.
Things to Think About Before Taking out a Small Loan
Taking on any kind of credit will always involve a degree of financial risk. This means you should consider all your options before signing up for a loan or a payday loan, including a small loan from Wizzcash. Ask yourself whether the repayments are affordable and make sure you’re aware of all upfront costs before agreeing to any kind of small loan.
What are the Charges for Small Loans?
Check out our loan calculator to find out how much a WizzCash small loan will cost. You can use the slider to choose the amount of loan you need (be it a large or small loan) which will also show you exactly how much your loan will cost.
Small loans from WizzCash are a totally transparent financial lending solution. You will know from the very start of your application just how much your small loan will cost and the repayment period you will have. Complete your small loan application to find out more.
Completing a Small loan Application at Wizzcash
It’s an easy matter to fill in a small loan application online at WizzCash and it takes just a couple of minutes of your time. You decide the amount of cash you want to borrow and how long you need it for. Then enter your details and submit your application to us.
How Long Does it Take to Receive the Small Loan?
We try to handle all our small loans quickly, so it’s often possible to receive your cash on the day of application. Once your small loan application with WizzCash has been approved we endeavor to pay the money into your banking account within one working day.
Small loans From WizzCash are Regulated by the FCA
The FCA protects UK consumers from financial misconduct in regards to high cost short term loans (also known as payday loans or short-term loans), as offered by providers like banks, lenders and financial institutions. They help to ensure responsible lending is maintained in the UK and set a cap on charges and fees for small loans. This means you never have to pay more than twice the amount borrowed.
What Sort of Financial Checks Does WizzCash Carry out?
We conduct a variety of checks on all small loan applicants. These include checks on the affordability of the small loan and credit checks.
What Additional Information is Needed?
Some of our applicants are asked to provide further details to support their small loan requests. This can include confirmation of employment, banking detail or bank statement(s).
How are my Small Loan Repayments Deducted?
Your loan repayments will automatically be taken from your bank on the due dates. We do send emails and texts to all our customers beforehand, as a reminder that the payment date is approaching.
What if I Default on my Small Loan Repayments?
We take the non-payment of all loans seriously. Although we do appreciate that there are times when it’s just not possible to make the repayments on small cash loans. Customers failing to meet scheduled payment dates will have their accounts transferred to our arrears team, this may affect their credit score.
If you fail to make your payments on time, we charge a one-off default fee of £15 plus a daily interest of 0.80% of the total balance that is due.
It’s always advisable to get in touch if you are having financial difficulties, as we may be able to put a payment plan in place to make your loan repayments more affordable.