Payday loans

Fast Money Payday Loan - Swift Money for Urgent Needs

Fast money payday loan is the ultimate solution if an emergency situation crops up like, your car breaks down, or your child is admitted in the hospital, or you have to go out of town on some important work that cannot wait And the pay day is a fortnight away. With this loan, have the money credited into your account within 24 hours of application.

What Is A Fast Money Payday Loan?

Payday loans are cash advances given by lenders for a very short period of time on the assurance that these loans will be paid off when the borrower gets his next pay. It is an unsecured loan. Because the payday loan is short-term and unsecured, it charges a higher rate of interest than the other loans available in the market. But these loans can be availed easily and quickly. Hence, people prefer this loan to meet their short-term urgent cash requirements. It is the only loan in the market that is available within 24 hours of application. Therefore payday loans are also called fast money payday loans.

How Does A Fast Money Payday Loan Work?

To avail the fast money payday loan, the borrower has to fill an online application. There is no requirement of sending any credentials. The application is verified by the lender on the basis of the information provided in the application form. If the application conforms to the minimal eligibility criteria, the lender disburses the loan directly into the borrowers account. Minimal requirement for qualifying for a fast payday loan is that the borrower must be a US citizen who is at least 18 years of age. He/She must have a regular job earning around $1000 a month with a regular checking account. The borrower must not have any loans outstanding. The entire process of application, verification and disbursal takes less than 24 hours.

Repayment is also easy. The borrower can either issue a post dated cheque to the lender or he can arrange to get the loan amount and interest directly debited from his account once his pay comes.

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