Getting a cash loan from Swift Money is very simple. You will just need to follow the steps outlined below:
Step 1: You need to fill an application providing personal details such as your; name, physical address, bank a/c information, the amount of money you want to borrow, etc.
Step 2: You also need to read and agree to the terms and conditions of the loan i.e., the payment date, repayment amounts, interest, fees, etc. If you are applying for an online cash loan, loan applications are done online.
Step 3: After submitting your application form, the lender will go ahead and assess the application. This process is important for verifying the accuracy of the information you have provided in your application. For instance, the lender needs to confirm if the employer you have provided is your real/current employer. A payday lender may also conduct a background check to assess your credit rating/history. Lenders also conduct affordability checks to ensure you are capable of repaying the amount you want to borrow.
Please note: Swift Money offers bad credit cash loans which means you can apply and get a loan if you have a bad credit score or credit history.
Step 4: If you have filled your loan application correctly, your application will be approved at this point. You should expect to receive cash immediately if you are working with a reputable lender.
Swift Money understands the urgency associated with cash loan applications. For this reason, we release funds immediately once applications are approved.
You should expect to receive the loan amount within a few minutes after your loan application is approved. Correspondence (email or text) is usually sent to keep you informed every step of the way. Money is sent to the bank a/c you have provided in your application or any other applicable payment method.
Once you receive the money, you are free to spend it as you wish. However, it is advisable to borrow and spend money for the intended purpose to avoid financial problems in the future.
Cash loans should be repaid in full plus interest with your next paycheck or according to any other repayment terms and conditions. In most cases, the repayment amount and date is usually fixed. SwiftMoney offers flexible terms. We can lend cash loans from £50 to £1000 or more depending on your borrowing history.