subject: Debit Card Loans: Fast And Easy Cash [print this page] Debit card loans are finance which has direct relation with the debit cards and debit card holders. It is also clear that the debit card holders can avail this kind of loans. It is also easy to comprehend that debit card loans come under the category of the secured form of loans in which the debit cards serve the purpose of the guarantee against which the lenders feel free to advance the loan amount. One more point is easy to understand. The payment process of the loan amount is very straight, simple, fast and free from any hassle thanks to the application of the advanced form of technology.
Debit card loans are similar to short term loans and small amount of loan is advanced by the lender. Definitely the finance received by the borrower is to serve some immediate and unavoidable purposes. Of course, such things happen in life. It is difficult to predict when emergency demands will surface and one must have to secure immediate finance.
The borrower can apply online for debit card loans. This is to mean that the application process is very easy and comfortable. The borrower knows it pretty well that his privacy is maintained and that time consumed is significantly less.
The loan-seeker does not require faxing personal details in huge paper documents to the lender. This is definitely a great relief. Another important thing is that credit record of the loan-seeker is not checked. Therefore, the persons who have messed up their credit history are also eligible for debit card loans.
The borrower is to fulfill some criteria to be eligible for debit card loans:
1. The loan-seeker must be over 18.
2. He must live as permanent citizen in United Kingdom.
3. He must possess valid and active checking account.
4. He must earn at least 1000 monthly.
5. He must be employed in any legal establishment at least for the last six months.
The lender offers an amount between 100 and 1000 towards debit card loans. The reimbursement tenure allowed for debit card loans is within 14 to 31 days. The interest rates for this kind of loans are relatively high. It is good for the borrower to clear the debit card loans within the agreed tenure.
