Cash Loans - Lending a helping hand to those who need it
The inadequacy of money is one of the primary causes for most of the problems faced by people today
. Money has become an indispensable part of life. For those who have a shortage of finances, these cash loans can help them deal with any expenses that they might face. They are made available to the borrower as and when required.
Cash loans advances help one in meeting their day-to-day requirements. They are short term and allow the borrower to spend the money in any way they desire. This money can be used to pay for emergency expenses like medical bills, car or home repairs or even wedding expenses sometimes.
The terms and conditions for this service are drawn up by the lender. He must have faith in the borrowers ability to repay the borrowed amount depending on the financial situation. The borrower must be in a position to repay the borrowed amount on the due day.
The lenders approve the applications instantaneously and the money is transferred into the active bank account of the borrower within 24 hours. Lenders generally provide money in a range from 80 - 1500. The repayment duration generally lasts between 1 to 30 days. Due to the short term nature of this service, the rate of interest charged by the lenders is slightly high. This is because the lender is at greater risk while lending this advance since in case the borrower is unable to make the payment he cannot recover lent amount.
To be eligible to apply for cash loans the borrower must meet the following conditions;
He should be working full time at a well recognized company.
His monthly salary must be above 1000 per month.
He must be 18 years and above and have an ID proof.
He should have a bank account which has been active for a couple of weeks.
Cash Loans - Lending a helping hand to those who need it