Fast cash advances are a source of easy and quick cash for those who are stuck in a financial emergency. Loan amount ranging from $100 to $1500 is available instantly in case of an urgent need. With the Internet, the cash payday loan process is even quicker. Now you can get money within hours after applying for the loan.
Eligibility Criteria
These short term loans are easy to apply for and quick in getting processed. Not much is needed to apply for the fast cash advance payday loan. The eligibility criteria for these loans are:
You need to be over 18 years of age.
You need to have a job paying you a minimum of $1000 per month. The loan amount depends on your salary.
You need to have a valid bank account.
There is no credit check involved, so anyone can apply.
With the facility of instant cash advance payday loan, a big benefit is that you can apply anytime. This means you can apply online for the loan 24 x 7. You do not need to fax documents or proofs, which saves a lot of hassle and time. With the online loan facility, the trip to the lender is also saved. You can apply from home or work place depending on your convenience. You can also browse through various loan companies and compare different interest rates. Zero in on the company that gives you the best deal.
Paying Back
The repayment date is fixed on the day when you apply for the loan. Normally it is the day you get your next paycheck. You can either give a post dated check or the loan amount is deducted from your account directly on the due date. If you cannot pay on time then an extension can be sought by speaking to the lender. In that case, a small fee is charged over the existing amount. If you have a good repayment history, then you can get a higher loan amount. So keeping a good payback record is very important. Paying back on time also helps you avoid any additional charges. The interest rates are already very high for cash advance payday loans and so an additional fee would mean a hefty amount on the payday.
Even if you are in a hurry, always read the loan agreement very carefully. This is a legal document, so reading the fine print is very important. Sign the agreement only if you are fully convinced. Taking advantage of your urgent need, some loan providers might misguide you. So be cautious and alert while going in for fast cash advances.
