Advance Payday Loan Online: Now No Need to Wait for your Payday

by : Apurva Shree

If you need some cash to cover an urgent requirement, guess what! Your next payday has just come in with an advance payday loan online! That beautiful new piece of furniture that you have been planning to buy suddenly goes on a massive 40% discount on "cash" sale! But you don't have enough money in your account right now. What do you do? Let go of this golden opportunity? No way! With an advance cash payday loan online, you can get the money in your account within hours. You can do your purchase and clear off the loan on your subsequent payday. Even after you deduct the loan fee, you can still manage to save a clear 10-25 percent.

Advance payday loans online are meant for just these kinds of situations. Whenever there is a quick need for a few hundred dollars, that you are sure you can settle later with your next paycheck, you can apply for a cash payday loan online on any of the hundreds of payday loan websites. They charge a loan fee, which is generally from $10 to $30 per $100 of loan for 2 weeks.

But I Need the Money Fast

Is one day fast enough for you? An advance cash loan online takes only a few hours to go through your application, give approval and complete all other formalities. And you have the money directly wired to your bank account within 24 hours. There are several reasons for this promptness.

  • You don't need to visit a payday loan vendor in person. Payday cash loans can be availed right from the comforts of your home.
  • No credit check or telecheck is required. As long as you are over 18, have a regular job with a minimum monthly income of $1000 and a checking account, you can get an advance cash loan.
  • You don't need to wait for days to get the check in your hand and then another few days to have it cleared. The money is deposited directly into your account.

    A Word of Caution

    The interest charges (10%-30% every 2 weeks) amount to an APR of almost 390%, which is obviously very high! So you don't want to be playing with such high interest loans! Use an advance payday loan online ONLY in case of emergencies. And make sure you clear the loan in full on the due date. If you get into the habit of lending against your paycheck every month, or taking repeated extensions on your loan, you might find yourself in a very messy financial scenario!