subject: Same Day Loans Instant Cash To Deal With Emergency [print this page] Sometimes the need for cash is so urgent that a delayed help from the friends and neighbors does not serve the purpose. Same day loans can be an option on such urgencies like repairing a car, buying some medicines, getting rid of an unexpected bill that cropped up at the end of a month when you have little cash in hands and for family emergencies. But you should borrow the cash only after a good search of the loan marketplace.
These are considered as an ideal loans for employed people who have been getting monthly paycheque for past at least six months. The applicants should also have an active and valid bank checking account. Many lenders do not even ask for papers and faxing of them at the time of filing the application. Generally, these loans are given on taking a post-dated cheque from the borrowers.
Same day loans are unsecured personal instant loans that are provided within 24 hours. The loan ranges from 100 to 1500 and the approved cash is generally wired to the borrowers bank checking account within hours. Approval of the cash comes for two weeks. The repayment date is fixed as your next payday. On repayment of interest charges, you are allowed to stretch the loan for a month as well.
With bad credit history of CCJs, late payments and defaults, these are easier loans to take out. This is because the lending company does not feel the necessity for making any credit checks. With low income and low credit rating, the loan is easier to borrow.
Same day loans are made to the salaried class of people at costly APR that goes many hundred times higher than any other loan. A larger portion of your next paycheque goes towards payment for the loan. So you are advised to first search the market for competitive offers of the loans and repay on the due date. You should borrow same day loans only for urgency and to repay without carrying the loan amount for a longer period.
by: William Hooker
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