Instant Payday Loans Online - Cash Borrowing in a Hassle Free Manner The financial needs of an individual can be categorized as personal and family. The personal needs of a person may be monthly tour expenses, food expenses, clothing expenses etc. The family needs of a person may be monthly tution fees of the kids, grocery bills, telephone bills, domestic electricity bills etc. However, during emergency situation, a person cannot meet his all personal and family expenses because of shortage of funds. His present salary is not sufficient enough to cover up his overall needs. Therefore he urgently needs finance from any source. Many lenders in UK are nowadays offering cash advances of short tenure to the individuals facing fiscal problems. These cash programmes are also called online instant payday loans. They are based on online process and also called small cash loans. The advance money is transferred into the checking account of an applicant in not more than 24 hours. A person under any small cash advance may get cash between 50-1500 pounds for short tenure ie, 01-31 days. The short term cash borrowings do not require credit score and collateral placements to the lenders. Therefore, any individual without caring of his bad debt history ie, IVAs, Loan defaults, CCJs etc. can obtain easy cash for his urgent needs. However, lenders have set certain terms for these loans ie., 1. Individual is an adult and a permanent resident of UK, 2. Individual is getting minimum monthly salary of 1000 pounds from a stable job in UK & 3. Individual has opened a bank account in UK 3 months ago. Finance companies do not set any terms for utilization of small cash advances. Therefore, fund borrowers can spend the money in free manner. However, APR (Annual Percentage rates) levied on instant payday loans are generally very high. Therefore, individual should make a detailed study of a payday loan terms before applying for this. Tom Richards is presently working with Poor credit payday loans to provide useful suggestions. You can access information regarding loans.