Before the arrival of your next payday, there may be certain times when you are in need of some instant external financial help. One may need money for several emergency expenses like it may be required to fulfil emergency expenses like paying medical bills, hospital bills, home renovation, credit card dues, purchasing of the car, electricity bills, debt consolidation, examination fees, wedding, travelling, etc. Those people who either do not possess a debit card or who don’t want to risk it for availing some loan can go for no debit card loans as these loans provide you with money without asking for your debit card only criteria being that the borrower should be drawing a monthly paycheck. These are the loans that do not require your debit card. They are specially meant for the working people who get a fixed monthly salary. These loans are the best suitable option for the home owners and tenants.
No./debit card loans are the unsecured loans and for availing these loans, one is not at all required to place any of his valuable assets like any real estate, any building or any other property as security against the loan. It’s very easy to avail these loans as they do credit check not require any and so does not involve any paper-work. But, you may be asked to provide a proof for your fixed monthly salary. The borrower is required to repay the loan amount by the next payday. The loan amount for these loans ranges from 100 to 1500 with a repayment duration of about 14 to 31 days.
The interest rate for these loans is slightly higher as these are short term loans. This is because the lender is completely at risk in this case if the borrower fails to repay the entire loan amount by the fixed time. But before applying for these loans, the borrower must satisfy some conditions like he must be on adult citizen of the UK, must be employed with fixed amount of salary and must have a current bank account. Even the borrowers with bad score like CCJs, arrears credit, defaults, late payment provider, miss payment providers etc. can thus avail these loans without any children of hesitation. Browse the internet and compare loan quotes from different lenders available online. Little negotiation and thorough research can let you grab a reasonable deal. Online application is popular due to its instant approval and easy loan procedure. Good searching online can get you the best deal ever and that too from the very comfort of your own home. Simply you need to fill up the online application form details with your staff and send it to the lender. You want to get your money deposited into your bank account on the same day or the next business day. Bret Lee is author of debit card loans UK.For more information about debit card loans, short term loans without debit card visit