Direct payday loans-For a fast and direct deal
Direct payday loans-For a fast and direct deal
Direct payday loans help you at the time of financial crisis. These loans provide you monetary help when you are in need of urgent cash to fulfill your short-term needs of life such as renovation of home, funding child's education, paying off previous debts, medical bills, electricity bills, and so on.
As the name says, the lenders who deal directly with the borrowers offer direct payday loans . There is no other medium between the lender and the borrower. This direct deal is done with the help of online method. There are many websites of the lending institutions, where borrowers contact with the lenders. The applicant is asked to fill an online application form, which contains mandatory information, and submit it. The lender verifies the details provided by the borrower. After the approval, loan amount is transferred to borrower's bank account within 24 hours. The lenders charge a low rate of interest on the loan amount because of the direct deal.
These are the short-term loans; therefore, the repayment term of these loans is of 2 to 4 weeks. You can avail the amount ranging from $100 to $1500 through these loans. But, you should pay back the loan amount in the given period of time. Otherwise, lenders will increase the rate of interest and you will also be asked to pay extra fee as a penalty. You should also read the terms and conditions of the lending company before going for any deal.
There are certain conditions that must be fulfilled to avail these loans:
The borrower must be a citizen of US.
The borrower must be at least 18 years of age.
The borrower must have a regular job with a steady income.
The borrower must posses a valid and active bank account in his the name.