The sum of cash which can be borrowed through instant bad credit payday loans same day is of two types, secured and unsecured. An individual can opt for the type of loan which suits his pocket and repayment status.

In the secured type of loan, an individual can gain a sum of cash which ranges within the flexibility of $1000 – $1, 00,000. This amount should be paid back by the borrower within a specified time period of 1 �C 25 years. However, in this type of loan, the applicant is required to pledge collateral against the sum of cash provided.

The other type of loan is the unsecured type wherein it is not necessary for one to pledge collateral however the rate of interest charged is quiet high. The sum of cash which can be borrowed through these loans lies within the range of ��1000 – ��25, 000. This borrowed sum of cash should be paid back within a specified time period of 1 �C 10 years.

One needs to satisfy a certain set of conditions to be statistically fit to apply for instant bad credit payday loans same day. The one applying for these advances should be a resident of the United Kingdom who has crossed the age of 18. He needs to be employed in an institute which is recognized by the government and pays him a fixed monthly salary. For the transfer of cash to the borrowers account, one needs to possess an operational bank account under his possession.

In order to avoid the fuss and obstacles through the office procedures, an individual can apply for instant bad credit payday loans same day through the online mode of application. One can log onto the official website where there are web pages dedicated to information regarding these loans as also the application forms can be availed through these advances.