Cash Loans

What are Cash Loans?

Cash Loans can be defined as small loans like payday loans online taken to cater for emergency cash needs like getting extra cash until your next payday. The loans are unsecured which means they aren’t taken against assets like cars or homes.

Cash loans are meant for unexpected expenses such as; home repairs, a medical bill, a car repair expense, past due rent or a home appliance bill.

What are cash loans for?

You can take a cash loan for emergency expenses that can’t wait until your next payday. These expenses include but aren’t limited to;

• Emergency home repairs
• Unexpected hospital bills
• Emergency car repairs
• Past due rent before your next payday
• Repairing or buying a new home appliance like a dishwasher.

What are the requirements?

• Must be 18 years old or older
• Steady monthly income
• Valid email address
• Working telephone number
• Bank account in good standing

Where can I get a cash loan?

You can get emergency cash from three main places namely; friends or family members, loan providers or dedicated websites like Swift Money Now. Each of these sources of emergency cash has pros and cons.

1. Borrowing emergency cash from friends and family members

Almost everyone has borrowed money from friends and relatives, however, it’s not an ideal option when you don’t want everyone around you to know your situation and if you can’t repay you may ruin a relationship.

Furthermore, you may already have an unpaid loan, so you find it difficult turning to the same people for help.

2. Borrowing emergency cash from high street loan providers

Almost all main roads have loan providers available. There are countless pawnbrokers and high street loan providers ready to offer loans. These loan providers have pros and cons.

Pros of high interest loans

• Great for settling local financial commitments: You can visit a high interest loan provider personally and fill in an application. If your loan is approved, you can get money the same day.

Cons of high street loans

• Not convenient if you work all day. You need to visit high interest loan providers in person.
• Expensive: High interest loans usually attract a higher interest rate than most short-term loans. Furthermore, you need to incur transport costs to access the loans.
• Can take longer than a day if the lender needs additional documentation such as proof of income.

3. Borrowing emergency cash from dedicated websites such as ours (Online payday loans)

If you don’t want to borrow from your friendsor family or from high interest loan providers, online cash loans are a great alternative.

They are the best alternative for you when you need money immediately! As the name suggests, these types of cash loans are accessible online.

What are the Pros of online cash loans?

• Unmatched convenience: You can apply and get an online cash loan wherever you are as long as you have a computer/laptop or Smartphone and internet access.
• Fast: Online applications are fast. It takes a minute to fill and submit a typical online loan application.

What are the cons of online cash loans?

• You need a computer/Smartphone and internet access.
• The loan amount is sent via bank transfer. You don’t get physical cash.
• Loan applications can be declined. Different lenders have different loan approval rates.

Can I apply with Bad Credit?

Yes you can still apply with bad credit. With bad credit payday loans you can use the income from your job or benefits as your good credit.

What makes Swift Money Now® cash loans different?

The differences are many. First off all of our lenders are licensed and certified in offering some of the best competitive interest rates online. Second, the application is always free and there are no hidden costs. You will receive an instant decision with in minutes and once you are approved get cash as soon as one business day or sooner.