Small Payday Loans – Instant Cash for Immediate Financial Problems
Small Payday Loans Instant Cash for Immediate Financial Problems
Needs and wants never come after prior intimation. They just arise as and when they can and the worst part of them is that in most of the cases, we are least prepared for that. A person may find himself/herself caught in the financial crises. This makes the person very stressful. The person does not know how to solve these financial crises. It can be solved by small payday loans.
Small payday loans are short term instant loans that are provided to the needy persons in their bad time. These loans are generally provided for a period ranging from few days to few weeks. This time period is generally of 2 to 3 weeks. It is the time till a person gets his/her next salary. The amount of such loans is also small. In most of the cases, it depends largely on the creditability and the need of the borrower. It may go from $100 to $1500.
There are various conditions that a borrower has to fulfill if he/she wants to get the loan approved:
- A borrower must be a permanent citizen of US;
- A borrower must have attained the age of 18 years at the time of application;
- He/she should be employed somewhere earning not less than $1000 per month;
- He/she should have a valid bank account in any bank of US.
Once all these above conditions are satisfied, the borrower may get the loan approved instantly.
These loans are offered in both secured as well as unsecured way. In the first case, lender has to pledge any of his/her assets with the lender to get the loan approved. Though in the second case, it is not required, but it has generally higher rate of interest applicable as compared to other loans.