Cash Loans the smart way

Payday cash loans: the pros and cons

Some people may ask: why take out a payday cash loan when you could borrow money from the bank or cover urgent costs with a credit card? It’s a good question, but one with a simple answer: speed, convenience and flexibility.

Bank loans are typically only for large amounts of money and can be time-consuming to get hold of, particularly when you consider the complications of branch opening times, and fitting these around your working day. 

Credit cards are a more convenient alternative, but they too have drawbacks - unless you clear your balance completely each month, you could find yourself paying back much more than you originally spent in interest. 

On the other hand, payday cash loans are:

• For small sums of cash
• Paid back over a short amount of time
• Quick to apply for 

However, some payday cash loan providers do try to catch customers out with hidden charges and fees. So, how do you sort the good guys from the rogue traders?

The iDosh difference

iDosh isn't a typical payday lender, and we pride ourselves on our efficient, reliable and transparent approach to lending. Our short-term loans are easy to understand and our service has no hidden charges or fees.

Our open and up-front approach means that you'll always know exactly how much your loan will cost before you apply. For every £100 you borrow, you'll be repaying £30 on top, and your loan can last a minimum of 8 days or a maximum of 37 – the rate stays the same, whether you borrow for 8 days or the maximum of 37.

Applying online for a short-term loan from iDosh takes just a few minutes, and we carry out a lightning -fast credit check on every application. We usually make an instant decision on applications, but if your application isn’t instantly approved then we will contact you, and in rare cases you may need to fax us some additional information. 

We can even pay cash into your account on the same day for a £5.50 transfer fee, which is deducted from your loan amount. †

So, the next time you need dosh in a dash to cover emergency costs, consider an iDosh short-term loan for a fast and convenient solution.