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Guide to Getting Quick Loans in Ireland

By Edited Nov 13, 2013 0 0

Quick loans in Ireland are the best way for you to get emergency cash when you need it most. You’ve probably heard of these quick cash loans before. Frequently, they are referred to as payday loans or payday advances.

Need Quick Cash?

Almost everyone has found themselves in the position of being far away from payday and being in need of cash. Sometimes the need is urgent. Perhaps there are medical bills or a collector is making harassing calls. These circumstances can happen to anyone in the United Kingdom. It’s a distressing situation and one that happens more frequently than you realize. When it happens to you, it’s easy to assume that no one can help.

Why Going to a Bank Isn't Helpful

When it is time to borrow money, most people think of getting personal loans from their bank. However, borrowing from a bank isn't easy. When you apply for a bank loan, you fill out a long application and allow the lender to review your credit history. If your credit rating is bad, then you are unlikely to get approved for the loan. Even if you do get approved, you’ll be required to disclose how you’ll use the funds. You may even have to put up some collateral, and the whole process can take days or even weeks.

How Is a Quick Loan Different?

Most of the time, you can get a payday advance without even leaving home. You’ll be asked to fill out an online application form. The process takes just a few moments, and loan approval is virtually instantaneous. A money-lender that specializes in these services will typically commit to having the funds deposited into your bank account within 24 hours. Once the funds have been deposited, you are free to use them any way you wish. This is a completely private loan, meaning that you are not required to disclose how you plan to use the money. If you wish, you can use the proceeds to pay for a party with your friends. However, such behavior is not encouraged, as you must pay back the full amount of the loan plus interest.

The Disadvantages of a Payday Advance

The interest rate attached to many of these loans can be quite high. In a short space of time, you must pay back the principal in full in addition to the accrued interest. Some consumers actually make their financial situation worse by relying too heavily on these types of short-term loans. They take out one loan, then return to the lender again and again, each time adding to the total amount of money they owe. It’s important to use these loans responsibly. Don’t fall into the trap of relying on them to cover your everyday expenses. Rather, they should be used when an urgent need arises, the cost of which is likely to be more than the cost of the personal advance. Always take advantage of an online calculator to discover the true cost of the loan.

What Makes These Loans so Fast?

Some quick loan establishments offer funds within about 15 minutes after receipt of a completed application. That seems like phenomenally fast turnaround, but payday advance companies are able to provide this service because they do not rely on your credit rating to determine your eligibility for a loan. Performing detailed credit checks takes time and costs money. That’s why these businesses simply don’t bother with the expense. They exist to provide consumers like you with quick cash when you need it. To qualify, you don’t need a stellar credit rating. If you are an Irish resident, over the age of 18 and have a checking account, you will probably be approved for a loan.

Where to Get a Fast Loan

If you live in any of Ireland’s cities, then you can probably find several businesses that can meet your payday advance needs. In Dublin, Belfast and other cities, several such business ventures have started up. Of course, it is becoming increasingly popular to simply apply for a loan online, and several Irish businesses can help you complete the process quickly and easily. Any of these websites can provide users with a quote so that they know precisely how much they will pay back if they take out a loan.

Payday Advance UK

This website services all of the United Kingdom, including Ireland. They require applicants to be employed, to have a bank account, be at least 18 years old and a resident of the United Kingdom. Customers can apply online, and they will be notified via email when the funds have been direct deposited into their account. Payday Advance UK features an informative website that includes articles detailing the pitfalls of relying too heavily on these convenient loans. One of the more useful features of their service is that the amount you owe will be automatically debited from your account on the due date, so there is no need to remember when your payment is due.

Payday NI

Payday NI specializes in providing friendly customer service and competitive interest rates. They are a truly local company that is dedicated to assisting consumers. They have designed a loan application process that is completely free of hassles. They require that borrowers be employed full-time and have their regular paychecks deposited directly into a valid bank account. Applicants must also have a debit card attached to the account. Payday NI gives customers the option of applying online or over the phone. The company provides approved applicants with an agreement for signature. Once it is returned, the funds are released to the borrower.


This UK website provides small loans when you have an urgent financial need. You can use the money to pay a bill to keep the utilities on or get a car fixed. Like the other websites, this one allows you to apply online and works to get you the money you need fast. By meeting just a few basic qualifications, epayday provides consumers with urgent funds when they are needed most.

A Simple Solution

You no longer have to go to the Central Bank of Ireland when you find yourself short of cash in between pay periods. A payday advance business can help any member of the public get the money they need to put food on the table or make certain that the bills get paid today. This type of loan is a short-term obligation that is typically paid back within just a few weeks of receiving the funds. Despite the ease of qualifying for a cash advance, these loans should only be used for emergencies.



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