subject: Fast Cash Loans Are Way For Urgent Requirement Of Cash [print this page] Fast cash loans are beneficial for those people who generally find it difficult to live with their their income between the two pay days. They are a way of receiving urgent requirement of cash. Most often, the promise of repayment is within 30 days. These loans are easily approved and minimum documentation is required after applying. There are some fast cash loans that come with guaranteed approval.
Some companies offer fax less loans which means that there is not any type of documentation required. The loan amount is deposited directly into the borrower account after the approval. On the day of maturity, the lending company also accepts the payment electronically. The amount of repayment includes the loaned amount as well as the interest charges along with the service fees that is levied by the company. Some companies also provide the option if the borrower likes to extent the payment date.
These Guaranteed cash loans can be applied by online mode as well as over the phone. the process of application is quite easy without any complications. In order to have guaranteed fast cash loans, the borrower must be employed and must have a fixed source of income. Many companies require the borrower to be working with the same place from the last 3 to 6 months. This represents his fixed nature of job. Some companies may not give much emphasis to this criteria. Although, in both the cases it is still necessary to have the solid proof of income. Borrowers are also required to represent the identity proof along with their employment status.
Fast cash loans are generally approved for an amount in the range of 50 to 500 pounds. But nowadays, there are many companies in competition, so some companies have increased the loan amount offered to around 1000 pounds. Even 1500 pounds can also be availed on the online mode , as a part of fast cash loan offer.
