England 20/05/2012 – Safe Loans add additional flexibility to the service they offer their clients
Safe Loans have added the ability for their clients to pay back their loans as and when they want. They literally charge their clients interest for each day that they keep the money. This gives their clients far more control over how much their loans cost. There are no fees for paying back a loan early.
Many people use pay day loans to borrow money, but these loans normally run from payday to payday, so it is usually not possible to pay them back early without incurring fees. The product that Safe Loans offers is genuinely a short-term loan service; however, it is possible to borrow money for up to 4 months rather than just one month, which is typical for many other short-term loan providers.
How the Safe Loans service works
Anyone aged over 18 that lives in the UK can potentially borrow money. Lenders need a bank account and to earn at least £800 a month that is paid into that bank account. This is because the cash being borrowed is paid directly into that account and repayments are automatically taken out of that same bank account. Loans can be agreed and paid into a bank account within hours, especially for existing customers.
The bank account needs a live debit card attached to it. Ensuring customers meet the criteria lets Safe Loans quickly establish whether a potential customer is creditworthy without having to take time to carry out a full credit check. This is part of the reason they can offer such a quick approval for their loans.
Safe Loans is one of the most experienced of the firms that offer short-term loans. They were established in 1989, so have a long history in the credit industry. However, they have not simply stood still instead; they have adapted their business to meet the changing needs of their customers. This has led them to develop ways for their customers to apply for loans online and via their mobile phones. They include live chat as an option on their website.
30 Church Street
Zip: CR0 1RB
Tel: 020 8680 0990