What are small loans?
Small loans are when you borrow a small amount of cash from a lender or creditor to help cover unexpected bills and surprise expenses. You are usually expected to repay this loan within the month or by the next payday. In this page, we outline what small loans Quick Loans Express offer.
How are small loans different from payday loans?
Small loans are not very different from payday loans. People often refer to a small personal loan as credit lines. Lines of credit work similar to overdrafts. You can borrow small amounts until your agreed credit is used up. When you borrow a small payday loan, however, every time you want more money, you must reapply. We believe a payday loan keeps you in control and helps you stay on top of what you are borrowing.
The definition of a little loan differs from one person to the next. For some people a £50 to £100 loans are considered “small” for others it will be £1000. We, at Quick Loans Express, allows our approved customers to borrow loans ranging between £250 – £2,000. You repay your loan in instalments and not in full.