Almost everyone who is so dependent on payday to fulfill daily expenses requires
a loan instantly at some point of time to pay back urgent bills that cropped up at the end of a month. You may be one such person looking for instant payday advance. But borrow the money only after taking care of its all the aspect to ensure less burdensome deal.
To qualify for an advance cash, you should be drawing fixed monthly paycheque from the current employer for past at least six months. There should also be an active bank checking account against your name. Only people of 18 years of age or above are eligible to borrow.
To borrow instant payday advance, produce your salary slip, employment record and proof of your residential address if the lender asks for it. You can be approved for cash ranging from 100 to 1500. The cash will depend on your monthly salary also. It is set for repayment on your next payday and generally the approval comes for two weeks.
Without any offer of security to the lender, you can simply borrow the cash against a post-dated cheque that consists of the principal borrowed amount plus interest payments to the lender. On the due date, the lender will deposit the cheque in your bank if you fail to repay in cash.
Youre multiple cases of late payments, payment defaults or CCJs are of no concern as the lenders approve instant payday advance without any credit checks performed on any applicants.
However, the reason behind some salaried people hesitating to take out these payday loans is high APR on smaller amount and that too for a very short period of two weeks. But there is a way out also for the problem
We suggest you to explore online lenders for instant payday advance and see which ones of them are offering the cash at comparatively lower rates. This way, you can reduce burden on next paycheque to some extent and repayment may be easier than before.