If your expenses have gone out of control in this week, and you have no cash left you can avail the instant payday loans. You just need to go online and compare various plans of direct lenders. These loans range from $100 to $ 1500 on an average, and are unsecured. You do not need any collateral for the loans. They do not have credit checks as a process and this makes these loans real fast.
Sometimes quick cash is required for unexpected emergencies. Instant payday loans help in such tricky situations. They will let you have cash for the moment without the usual hassles of a regular loan product. The product has become very popular as it is quick and does not have the usual credit checks. Instant approval and payment makes this a product which helps you in times of need.
Application Process and Repayment
You just need to fill up a form online. It takes 5 minutes of your time, and you can apply from your personal computer from home. Another advantage is that you can apply any time during the day. The websites work around the clock.
Once your application is submitted, the lender will quickly review the application. If the next working day is not a holiday you will get the answer within the first working hour. If your application is approved the amount of loan applied is directly transferred to your bank account.
On the repayment date, the loan amount plus the interest is deducted from your account. It is simple and you do not need to go to the lender. Just make sure your account has the required balance.
Requirements of an Instant payday loan
The necessary documents are very basic. The process is simple too. You just need to provide:
- Proof of age – Age requirement is 18 years or more.
- Proof of identity – Your office identity card will do in this case.
- Income and Employment proof – A simple email from your employer will do in this case. Instant payday loans does not require a certified bank statement like other loans. If the website requires a bank statement then a simple statement downloaded from your online banking account will do.
- An active checking account – You need to provide an active checking account, for loan disbursal and repayment. All your transactions are done through this account. It is easy hassle free and fast.
In difficult situations when you require a relatively small amount of money instant payday loans can help you. They can pull you out of a sticky situation, and you should reciprocate by paying back on time. This will help your credit scores and you will be able to get loans easily in the future.