While going for any loan, if you do not want to go through long and hectic formalities
of paper work like faxing and documentation, you must opt for paperless payday loans. These loans provide you a fast and convenient service because these loans are accessible through online method. The online lender asks you to fill an online application form providing personal information and submit it. The lender will approve you the loan, if satisfied. He will transfer the borrowed amount into your bank account within 24 hours. There is no need worrying about the disclosure of details provided by you. The information is kept confidential by the lender.
Paperless payday loans are short-term in nature. You can fulfill all your short-term needs through these loans. The needs can be renovation of home, funding childs education, repairing a car etc. These loans are availed to you till your next payday. The repayment period of these loans is of 14 to 31 days. These loans are capable of providing you the amount ranging from $100 to $1500. You can utilize this loan amount in any way you want. These loans can be easily availed by the tenants or non-homeowners. There is no requirement of pledging any collateral security against the borrowed amount.
These loans are free from the procedure of credit check. People with bad credit scores can go for these loans without any hesitation. The poor credits can be due to bankruptcy, defaults or arrears. There are certain conditions that must be fulfilled by the borrower to fetch these funds easily:
The borrower must be a permanent citizen of US.
The borrower must be at least 18 years or above.
The borrower must be permanently employed with a steady income of at least $1000 per month.
The borrower must posses a valid and active bank account in his name.