If you would rather skip pen to paper, you can apply for a loan directly from your smartphone. When unexpected expenses occur, your first response is to panic… But don’t worry, a short term loan could be helpful for your short-term situation. Recently, loans have been easier to obtain from the introduction of mobile loans. The next time you find yourself unable to pay your bills, consider a mobile loan from us.
What are Mobile Loans?
The term “mobile loan” can refer to any loan someone applies for with a mobile device. For instance, if you use your smartphone to borrow £100 so you can pay this month’s utility bill, that is a mobile loan.
While the name can refer to diverse types of cash loans, most of them give consumers access to small amounts of money under £1,500. Borrowers may even get as little as £100 to cover a credit card’s minimum payment. Since missing a payment can impact your credit score, it makes sense for people to borrow small amounts of money so they can pay their bills on time.
Most mobile lenders make it easy for borrowers to get the money they need. With PM Loans, it only takes about five minutes to apply, and if approved, and we’ll electronically transfer the funds to your bank account within one business day.
What do I need to apply?
At PM Loans, we have some eligibility requirements, that we hope all customers try to meet before applying for any loans. You could qualify for loans as long as you are:
- Over 18 years old
- Have a recurring source of income, such as through your job
- Have an active bank account
- Live and reside in the UK
These are easy qualifications for many people to meet, and the application process only takes about five minutes.
Is it safe to apply via my smartphone?
Many people are concerned that internet security can’t keep their private information safe. Before submitting an application through your mobile device, make sure the company has the right technology to protect your privacy.
Start by looking at the company’s website address. Secure sites start with https instead of http, Sites that begin with https encrypted information to prevent thieves from intercepting private data. You should also look for a padlock in the URL address bar. If you see one, it means the site is safe and all communication through the website is encrypted and secure. Having confirmed the company’s identity, you can feel confident applying for a loan on your smartphone.