Same Day Payday Loans
Even horrible days started out normal, most of the time. Everything was just great until the car blew a tire, or the pipes burst. While it is not easy to foresee disasters looming on the horizon, it is easy to take care of them financially. Obtaining a same day payday loan or a fast payday cash loan is the perfect solution for financial emergencies.
What are Same Day Payday Loans?
Same day payday loans typically range from $100 to $1000. They are usually short loan term, not longer than four weeks. There is a fee associated with obtaining them that may range from $10 to $30 for each $100 borrowed. Customers receive their money in one business day after the approval process is completed. Loans are paid back from the money from the borrower's next paycheck.
Customers have to complete and online application form, providing details which can be verified using online electronic means. Approvals are done same day but loan proceeds are available the next business day.
Requirements for a Same Day Payday Loan
There are conditions to qualifying, such as:
- a valid checking account.
- employed at their current job for more than 3 months.
- be over the age of 18 and a US citizen
- income of more than $750 per month
Paying off a same day payday loan is simple. Customers can either supply a post-dated check to the lender, or allow the lender direct access to their account electronically. Should a customer be unable to repay the loan by the due date, they can extend the term of their loan.
Applying online allows the borrower to have the benefit of a fax less application. There is no physical paperwork required. This alleviates the need to fax any supporting documentation, unlike many loans in the past. The application for the loan can be made from anywhere the borrower has access to a computer and the Internet. The application process starts on the internet, and if there are any details that need to be clarified, the loan officer will take care of them over the phone.
It is important to remember that before applying for a loan, you should thoroughly research the company that you choose. Ensure that they are reputable, and have generally positive reviews. By doing some basic detective work, you can avoid being taken for a ride. Also, ensure that you never borrow more than you can comfortably afford to repay, as over-borrowing will cause a circle of debt and repayment that is hard to break.