London, United Kingdom, December 20th 2011 – Short term cash loans are proving more and more popular, especially as the financial crisis appears to worsen. They provide access to money which can be used for any purpose and by using the right loan company, borrowers are able to access that money on the same day that they apply. Choosing the right loan company is important because it ensures favourable loan terms and competitive quick short term loans fees for their loan.
Daily interest rates are usually considered favourable because this means that the borrower only pays interest on the actual term of the loan. If somebody borrows money for a fortnight with monthly interest rates then they could pay considerably more than they should. Some loan companies also do everything they can to encourage the borrower to repay their loan early while others penalise early settlement and repayments.
Borrowers should check the quick short term loans fees that they are being offered. A good rate for such loans is 1% daily interest on the total amount borrowed. Consumers should also be sure that if they want to pay early then they will only have to repay the capital they borrowed plus the daily interest for the actual number of days that they had the money. Paying early repayment fees not only inflates the price of the loan but it can discourage people from paying early.
SafeLoans.co.uk is a trusted and reputable provider of short term emergency loans. They offer competitive quick short term loans fees and they also encourage early repayment. There are no settlement fees and this means that if a borrower repays early they can save money compared to repaying on the agreed date. Application takes only a few minutes for a decision in one minute and access to the money by the end of the day.
1st and 2nd Floor
30 Church Street
Zip: CR0 1RB
Tel: 020 8680 0990
Fax: 020 8680 0666