To meet the needs for the urgent cash you need not to worry much and panic as now you can easily apply for the loan via internet and can avail it with in a hour. With the rise in technology, now gone are the days when you have to stand in long queues and need to wait for submitting all your documents for the approval of your loan application. Yes, now you can apply for the instant 1 hour payday loans which are very easily obtained and do not involve any paper work. As they are easily available and can be obtained very quickly they are getting popular among the folks on a large scale.

1 hour payday loans are offered by the leading private monetary lending institutes that offer their services via online portals as well which helps the borrower to save their time and avail the loan without any paper work. 1 hour payday loans are generally short term loans which are offered till your next payday comes. The loan is offered till a certain amount as it does not involves any security against the loan amount and involves a huge risk. Thus the lenders offer 1 hour loan up to £1000 for a stated period of time.

1 hour payday loans sometimes touted as pay day loans which are offered till your next payday comes and is also offered by the online market lenders. To avail them instantly to overcome your unforeseen problems you are required to provide some of the basic details about you such as your name, your employment status, wages and some other basic financial details. You have to qualify certain criteria in order to avail the loan amount such as it is necessary that you should be above 18 years of age, must be a UK resident and an employee of a reputed employer with a fixed monthly salary and must be earning more than £1000. it is also mandatory to have an active bank account so that in case if your loan amount is approved depending upon the information provided, directly the cash will be deposited in your account with in 24 hours of your loan approval.

Author's Bio: 

Stephen Pilgrim is working as a financial consultant for Same Day Payday UK. He provide insight information about 1 hour payday loans, 6 month payday loans, instant text loans and more.