Mobile phones are used to converse with people. At the same time it carries many unique features, like you can listen to music, you can also use it as a camera to click pictures or take recordings and so on.
However did you know that you can be valid for a loan through the use of your mobile with just a text? Well, Mobile Text Loans are an easy option. All you need to do is send a suitable text to get your credit total home.
• Here the borrower is offered an amount that ranges from £500-£1000 and so the time period given can be for 1 to 7 days.
• This finance is for a very short time period.
• The interest charged on them is also high.
• The borrower has to make the repayment on time if he fails to make the repayment then he will be charged with a penalty fee.
• The mobile is the most convenient method on which you can apply for the finance.
Then you have to fill an application form giving all the necessary details. The lender will send you a confirmation email giving you the pin code number and the conditions and situation of the deal.
The advantages of this form of credit are that they do not involve any credit checks. You can apply for these advances irrespective of whether you have a good credit rating or a bad one. Tenants and non- homeowners can also apply for these advances. They are a fast means of availing credit. The funds are transferred to your account within few working hours.
The disadvantage of this finance is that it carries a high rate of interest as they are short term funds.
Eligibility conditions;
• The applicant must be a citizen of UK,
• The applicant must be above 18 years of age,
• The applicant should be employed with a regular income of at least £1000,
• The applicant must have a mobile number,
• The applicant must have a bank account in your name that is valid and
• The applicant must also have an email id to co-ordinate with the lending institutes.
To save time and energy you can also apply through the online form you just have to make sure you fill in all the appropriate particulars when you fill the online application.
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