Frequently Asked Questions

What is a payday loan?
A payday loan is a short-term loan, which is to be repaid by the next month’s salary.

Who can apply for payday loans?
Any individual over 18 years with a regular employment and an active checking account where next months salary would be deposited can apply for payday loans.

How much can I apply?
The amount that a borrower may apply for a payday loan should not be more than the amount he or she will be getting as salary next month.

I have bad credit history; may I apply for the loan?
Yes, even individuals with lower credit rating, viz. defaults, arrears, bankruptcy, CCJs and IVAs may apply for an unsecured cash loan and get approval.

Is this loan secured or unsecured
The cash loans or payday loans that Unsecured Cash Loans arrange are unsecured loans.

How much time will it take to get the approval of such loans?
In normal circumstances, the time for approval is within 24 hours of getting the approval. However, if the application for the loan is applied in a weekend or holiday, the loan will be approved by the end of the next working day.

Are the terms and conditions of the loaning process rigid?
Terms and conditions associate with the loaning process differ from lender to lender. However, one may consider that the terms and conditions are flexible as some lenders let a borrower to extend the borrowing term beyond 15 days.

Does the loan process require too much paper work?
No, the cash loans arranged by Unsecured Cash Loans do not require you to go for much paper work.

Does this website protect my privacy and confidentiality?
Yes, this website keeps any information your provide here private and confidential. We do not give away any such information to any third party. However, multiple lenders may be given the information so as to find you a better deal.