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The application process goes online on the lender's website. The first step is to fill out a loan form, which usually takes about 10 to 15 minutes. After that his application is reviewed by the lenders. The borrower is informed about the loan approval on phone and the loan sum goes straight to the borrower's account within the next 24 hours. short term loan $2 For the amount of personal loan in case of salaried people, bank/financial institution takes care that the EMI does not exceed 30â40 percent of your take home salary. Here the existing EMIs are also being considered. And, for the self employed, the loan value is determined on the basis of the profit earned. There are someÂ restrictionsÂ on who can take out a loan. The minimum age is 18 and to make sure you pay back the loan youÂ mustÂ beÂ in at least part-time employment. Currently we only offer short-term cash to those within the UK, but this may change in the future. If you meet this criteria then you will be able to borrow up to 1000 pounds, however some of our lenders have restrictions on the first loan you take out.
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