Text Loans - Smooth Cash In Your Hands With Your Cell Phone
People send texts to pass on different messages
. Did you know that you can apply for a credit through a text? Yes it is true. Due to the increase in technology you can now use text loans to fulfill your unexpected financial emergencies.
Such advances offer an amount ranging from 100 pounds for a period of 1- 7 days. You can also extend the repayment period of such credit. On the date of repayment the lender will debit your account with the amount of the funds. In case you want to extend the repayment period you have to inform the lender. However the lender will charge you an additional fee every time you extend the period.
Text loans carry slightly high rate of interest as they are offered for a very short period of time and are provided instantly. They have a flexible repayment period. The lender debits your bank account with the amount of finance on the date of repayment. Incase you are not able to pay off the credit amount borrowed you can also extend the repayment period. The borrower will however charge you a penalty fee.
You first need to register your mobile number with the institute from whom you will borrow your funds. The application procedure is very simple and involves very less time. You just need to fill an application form giving all the necessary details. The lender verifies the details. Once the application is accepted the lender will send you a confirmation e-mail. The mail will also include all the terms and conditions and your personal PIN number. However next time if you are in need of money you just have to send a text to the lender stating the amount required and the repayment period. After few minutes the amount gets transferred to your account.