With a cash loan, a borrower can borrow anything in between £100- £1000. But remember that on the basis of your monthly income and repayment capacity, your borrowed amount will be decided. However, this loan is obtainable for a short period of time. The repayment period of this loan varies within 14-18 days. Normally, borrowers pay off the amount after getting payday cheque. But one can extend this period up to one month, but for that he needs to pay some extra fee.

But you should be aware of the interest rate of a cash loan. Since, this loan is given for a short period of time; hence, lenders charge a high interest rate while offering a cash loan. So, borrowers are advised to negotiate with lenders in order to get a favorable interest rate. Apart from that, some initiatives will also help them in this regard. Shop for a better deal, it will assist you in getting a loan program with better terms and conditions. And if you are in urgency, go for online option, which is less time consuming and hassle free.