Business & Finance Loans

SMS loans - Send a simple Text and avail instant cash

In current market scenario where borrowing money is really difficult, SMS loans have emerged as the perfect monetary solution. In other words, we can say that there is no better option than text loans when you need fast cash in few minutes. All types of short term and urgent expenses can be settled through this loan facility. As we all know that technology has changed various things around us including financial procedure. Gone are days when you had to visit lenders many times to get one loan approval. Now, your mobile phones can help you to arrange quick desired loan amount within few minutes. This financial service is gaining lot of popularity in United Kingdom. Due to instant approval of money, people are getting themselves registered for this service.

SMS loans are also known as text loans. As the name refers, this loan category is related with mobile phone. To enjoy the benefit of loan service, a person only needs to send one text or SMS to lender. Once the lender receives your SMS, money is transferred in your bank account in few minutes. Not every person can send the text and receive the money. To get money, you have to sign up with one particular lender for the service. Under this facility, a new borrower can fetch instant cash up to 100. Being an existing borrower, you can also get fast cash up to 300 easily. Usually, lenders provide money for short period of time, like 7-15 days. Therefore, loan segment falls under the category of short term loans.
SMS loans can be utilized for numerous causes, for example, wedding gift, weekend party, car repair bill, insurance premium, rent amount, credit card payment, purchasing cell phone, etc. Since money is unsecured in nature and there is no condition of credit check, loan option does not come with any kind of risk for borrowers. Even, bad credit holders can also sign up for these finances. To sign up for these loans, consumers are required to meet few important eligibility criteria, like

- You should have one mobile phone and email address
- You should be employed full or part time in organization with minimum monthly salary 1000
- Age of borrower should not be below 18 years. Minors cannot arrange cash from lenders.
- Permanent UK citizenship is must for everyone
- You should hold one active checking bank account for last few months.

Summary: SMS loans are immediate funds that can be availed by just sending a text message. These are short term loans with viable terms and conditions.

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