In the past, the fastest way of getting loans was through online means. Today one can get a loan just as easily through the use of their mobile phone. The new method of giving loans through the use of short message service texts (SMS) allows people to get access to loans through their phones. If you are in an urgent situation in the UK you can now get access to text loans UK. All you have to do is be a registered member of the service provided by you banking institution. There are many lenders who will allow you to join their loans program. Once you register with them they will send you a unique PIN number that you will be using whenever you need to get access to emergency funds.
Text loans UK will give you access to small short–term loans that you can use to meet urgent needs. You can get as much as 100 pounds over a short period of seven days. After the specified period, this amount will be taken from the deposits in your bank account. If you are unable to meet the payment on the day that it is due, you can request for an extension of the repayment period via SMS. You will be charged a penalty for extending the repayment period.
You may be wondering what you require in order to qualify for text loans UK. The financial institutions require that you be a citizen of the UK and you should have attained the age of 18 years. You should have a valid bank account through which they can attach your loan and a mobile phone number and en email; through which you shall be communicating with the lender. If you meet all these requirements then you can apply for your text loans UK without any problems.
The process is not that difficult to follow. The first thing you do after you register is to send a text message to the lender giving details of the amount of money you need and the duration that you will take to pay it back. You will then be given a PIN number through a text message and you will be asked to validate your request. After you have verified the request using the PIN, the loan amount is processed and credited to your bank account.
When you re looking for these loans you need to research and see those that are quick in their service delivery and those who are flexible especially when it comes to repayment periods. You can go through several review sites and read what others have said about the services rendered by several financial institutions. Recommendations from friends and family should also be sought.