subject: Instant Cash Loans: Gift Of Finance Market To Acquire Quick Cash [print this page] Instant Cash Loans are the latest gift of finance market for acquiring quick cash with online application to cover up unexpected expenses that come up between paydays. A fast payday loan is a short-term advance on the consumers next pay check. Seven to thirty one days is the usual term of this refunding of the borrowed amount, but it can be extended by request. The interest fee for each extension rises significantly even doubled or more than borrowed amount.
Some of the loan companies offering fast cash with advertisement "no fax," and faxless services. However, all most require that the started application form, postdated check and bank statement be faxed to them for evaluation.
Applicants must be eighteen years or above, and must be depositing at least 1,000 per month into his bank account as monthly salary in order to get eligible for a fast credit. There is no credit check and collateral required, presumably because of the short term and limited amount of funding.
Most lending companies offer from 100 to 1500, depending upon eligibility and repayment ability of the borrower. Some finance companies offering these advances will complete the first transaction without charging any required fee. This is often a marketing technique that will encourage the customers to return back to the same company in future.
Following the application process is fairly simple and straightforward. When the application has been approved, funds are automatically transferred into the bank account of the applicant account within twenty-four hours.
Application can be made by telephone, directly and online application, but still applicant is required to fax bank statement and ID proof to the lending company. These sorts of plans can be of great support in urgent need of money, but it can also open the door to greater indebtedness.
For a borrower managing payments on time are very important, one payment on time can save you from bad credit while a payment not on time brings a debt like situation for you.
