Many a time, we face this problem; the problem is sudden shortage of cash. In such cases, most of the people try to recover their cash crisis by borrowing money from friends. But at the same time, it is also true that every time it is impossible to get help of friends to come out of cash crunch. Cash advance loan works here properly.

As a short term basis loan, cash advance loan is synonymous to “payday loan“, “paycheck loan”, “check Loan”. With this loan, a borrower can cope up his short-term cash needs. But before applying for cash advance loan, borrowers need to fulfill some requirements. These are like,

•A borrower should be a full time employee
•Having a regular income is necessary
•The age of borrowers should not be less than 18 years
•Presence of an active checking account is mandatory
•And borrowers’ income should not be less than ₤1,200.

Based on the borrowers’ income, the borrowed amount is decided. However, as cash advance loan, one can borrow anything in between ₤100-₤1000. Since these loans are short term loans, thus the amount is repayable within 14-18 days. But one can extend the repayment period up to one month. In that case, he may have to pay some extra fee.