Although instant cash loans are extremely convenient if you need money fast, we often find that people who apply for instant loans feel like they haven’t had enough time to think their loan through before it is issued to them. Also, due to the speed of the service, people with instant loans can sometimes be unclear on aspects of their loan like whether there are any roll-over charges or if they will incur extra charges if they miss any payments.
Here at Provident we don’t offer instant cash loans. We want our customers to be sure they are taking out a loan that is right for them so, although we give a decision in principle within minutes, our loans are not issued until a couple of days after.
With a Provident loan, you receive a decision in principle minutes after you apply. If you are approved, a friendly Agent will be in touch within a couple of days to arrange a time to come to your home and discuss your application with you. Your Agent will take you through the features of your loan including the affordability of your repayments and all of the terms and conditions. Even at this point, there is no obligation so you are able to change your mind without fuss.
If you decide to go ahead with your loan, your Agent will arrange a time to deliver your loan to you. Then, once a week every week, they will come to your home to collect your weekly repayments and to answer any questions you may have.
Here at Provident we offer cash loans from £100 - £500 over terms ranging from 14 to 52 weeks. We assess your eligibility for a loan based on your current circumstances and not your payment history. This means that you could still be accepted for a loan even if you have CCJ’s or you’ve missed payments in the past.