CASH ASAP Short term loan reivew
Thousands of people use a short term loan in order to secure emergency funding that they need. CASHASAP is one of the online lenders that are willing to consider applications from those with a bad credit history.
The name says it all, CASHASAP specialises in fast funding times, considering applications for between £100 and £750, which can be paid into the borrowers bank account the same day. Being a payday lender, they do have exceptionally high interest rates.
When it comes to an emergency, such as a car repair or boiler repair, you may need to consider a payday loan to repair the problem before your next pay day. Payday loans are a good alternative when you need to borrow a small amount and repay it quickly.
CASHASAP is a lender in the United Kingdom that offers payday loans with online applications. They do not have a physical brand and all their loan applications and processes are done via the internet. Any monies borrowed are expected to be repaid on your next pay day, as per industry standard. This makes these short term loans of a few days to a few weeks.
This UK lender does enable borrowers to repay the money that they borrow over a longer period of up to three months, though this does make the loan more expensive. They do charge high interest rates of 1,390%, which is just below the limit imposed by the FCA (Financial Conduct Authority).
They do have some eligibility requirements, which includes being a UK resident and not having any outstanding bankruptcy on your credit report. They transfer the monies into your bank account on approval, which is ideal for those that need money fast.
CASHASAP offers short term loans of between £100 and £750 with low eligibility requirements and same day payments. They offer the benefit of repaying the loan over three months with the entire process being completed online. The downside is their high APR, which is more expensive than a credit card or overdraft facility.
This UK lender is an online only lender, which means that the application must be completed on a computer, tablet or mobile phone. You choose whether to take a conventional pay day loan or a multi month loan, which gives you three months to repay.
When completing the online application, you need to click the “new customer” button, where you will need to answer questions on your identity, employment information, salary and pay date.
Contact Details for CASHASAP
Date of incorporation: 18 June 2012
Company number: 08109116
Company type: Private Limited Company
Registered company address: 3rd Floor 12 Gough Square, London, EC4A 3DW
Official site: https://cashasap.co.uk/
Operating hours: 9am – 5pm: Monday to Saturday. Online applications 24/7
Phone number: 0800 488 0905
CASHASAP provides clients with emergency loans of up to £750 with a high interest rate of 1,380% on payday loans and 1,271% on multi purpose loans, which can be repaid over three months. You are able to complete the entire application process online, which only takes a few minutes and once approved, the funds are transferred the same day.
It is important to bear in mind when choosing a payday loan or multi purpose loan through CASHASAP that you will be paying one of the higher interest rates on offer, but they have low eligibility requirements and do consider applications from those with a poor credit history. A loan of £250 can incur interest of £119.67, making the repayment considerably higher than the initial loan amount.