Advance cash provides financial help for the salaried people at the end of the month when they do not have any cash on their hand for paying emergency bills or to fulfill sudden unexpected expenses. This loan is a very useful short term cash loan, means loans are approved till the next payday.
Generally this loan is an unsecured type of loan. A borrower need not place any collateral against the loan. One can avail the loan amount which ranges from $100 to $1,500 with repayment tenure of 14 to 30 days. One can use the loan amount in any purpose such as paying electricity bills, medical bills, children school or collage fees, credit card bills, etc. Borrowers can extend the pay back tenure but they will have to pay a bit high rate of interest along with some penalty charges. Usually the interest rate is higher than the other loans available in the market. In this loan process lenders are taking the maximum risk, so to minimize their risk they are charging high rate of interest. As the lenders do not require any credit check to approve this loan, bad credit or poor credit borrowers can also avail this loan.
Borrowers can avail advance cash through online and offline traditional lenders. If any borrower applies through offline traditional lenders, they need to visit their office personally which is very tiresome and time-consuming. Offline lenders also require so much paperwork and faxing documents to approve the loan. But at the same time online process is faster and easier. The entire process is done electronically, from filling application form to transferring the loan amount. After filling the application form, it takes minimum time to get approval and after approval within 24 hours the amount is transferred to the borrower???s bank account directly.
To avail this loan a borrower should be an US citizen and must be at least 18 years old, should be a regular employed with a fixed salary and must have a valid bank account.
Cash Loans: Perfect Loaning Option for the Unforeseen Cash Crunch
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