subject: Short Term Loans – Loans For Short Duration Of Time [print this page] Short Term Loans Loans For Short Duration Of Time
Sometimes you live a life full of uncertainties. There are days when you have abundant amount of money and there are days when you don't have money at all. So when you are in a situation when you don't have money, and you know you are expected to receive money in near future, and you are in urgent need of money, you can opt for Short Term Loans scheme through which you can get money to fulfil all your needs.
Short term loans scheme is the scheme for those who are in need of money and can repay it within the period ranging from 1 to 3 years. This scheme helps you by providing money with which you can carry out for expansion of your business, pay your medical bills or clear off your debts. Now the question is how to avail this scheme. To avail this scheme all you need to do is fill a form providing your details and the reason for availing this scheme. But before this you need to fulfil certain conditions as mentioned below:
You should be 18 years and above
You should be a permanent resident of USA
You should have a valid identification card
You should have a bank account in any bank
You should have a fixed income at least $2000 per month and a permanent job or an income source.
After fulfilling the above conditions you need to mortgage your property, amounting equal or greater than the amount you are borrowing, to the lender. This will act as a security in case you end up as a defaulter. When all the formalities are completed you will get your amount which you will have to pay within time period decided as per the agreement. If you end up as a defaulter, the ownership of the property will be transferred to the lender.
