A UK based survey has highlighted that more parents are looking for online financial programs in order to get childcare loans for their children. Due to the rising cost of children’s education, it has become difficult for parents to pay comfortably for their child’s education. With the introduction of many online financial programs in this sector, the situation has improved to some extent.
Catapillr has recently launched a new childcare cash advance scheme to help parents pay the fee of their children easily. The scheme claims to provide 10,000 pounds of worth interest-free loan to help parents meet childcare costs. However, the credit will be given to employees only if their employers agree to sign for the scheme.
According to charity Coram Family and Healthcare, a lot of parents in the UK are facing difficulty to pay 12,000 pounds a year for their two-year child’s nursery education. Parents borrowing interest-free loans under this childcare scheme are supposed to repay the borrowed amount within 12 months. Apart from such schemes, many parents with bad credit and without any employment are also searching for childcare loans online to pay for their child’s education.
The online payday lending platform, My Quick Loan has been in high demand for making people available with the needed loans. My Quick Loans offer loans similar to QuickQuid and it is helping people get a loan after the latter platform (Quickquid) went into administration. Due to its tie-up with over 40 lenders, it makes it possible to avail the loan easily from this online platform.
