subject: Cheque Book Loans – A Bank Account Could Mean More Benefits [print this page] Cheque Book Loans A Bank Account Could Mean More Benefits
Were you aware that your cheque book could do a whole lot more for you than you knew it could? Your cheque book now has more uses than just helping you deposit and withdraw cash. Along with the ease that you enjoy with the presence of cheque in your payments and receipts, you cheque book can also help you gain access to short term loans which could help solve all your financial crunches when you experience them. Cheque book loans prove that holding a bank account could be more beneficial to you.
These mere paper leaflets offered to you by the bank you hold an account in; enable you to get money for your various needs in a range of 80-1500. The bank also offers varying interest rates and repayment periods ranging from 1 to 30 days which would depend on the amount you loan.
This could be the chance to obtain funds in times when you fall short on cash. It would help you make it through all the expenses until your next payday. Whether it is an urgent payment that has to be made or your car repair that has to be attended to urgently the funds acquired could be put to use.
As a security to the lender in the case of these advances, the borrower may need to draw a cheque which is post dated according to the next payday. To ensure that the lender is repaid the borrowers salary must be deposited directly in his account on the next wage day. Even people with adverse credit scores may feel free to apply. Account holders of any credit background may easily apply for the advance.
Cheque books loans are also available through applying by online banking. The funds are transferred to your account within a few hours of applying.
