subject: 3 Months Payday Loan: Get Cash Instantly [print this page] 3 month payday loan is an advanced category of payday loans which have everything similar to a payday loan with an added advantage of stretching your repayment period up to three months. With this advantage, this category of loan is gaining popularity each passing day. The borrower now can increase the period of payday loan on basis of his need and wish.
3 month payday loan is the best option when you require urgent cash and your payday is not near. This need, generally, is something urgent and immediate like a medical expense or a mortgage. As, there is no collateral involved this is a type of unsecured loan. Hence, like all unsecured loans the APR (Annual Percentage Rate) is little on the higher side. But this do not hamper the popularity of this kind of loan. Also, no credit record id required for this kind of loans so people with bad credits can also take the benefits of this loan. The loaned amount due to unsecured nature and high APR is in the region of 500 to 1800.
Getting a this kind of loan is easy but the person require proper documents to support his cause. This includes proper identity proof, a proof of regular income and a regular bank account for the past 6 months. And the cash can be in your bank account in few hours only.Hence, it is sometimes referred as short term cash advanced loans.
In case of instant cash needs another type of loan can be availed this is called the instant cash advance payday loan. This loan is very quick to get, you can just fill a form on the internet and after background checks the bank or financial institution can provide you with cash directly to your mentioned bank account. This hassle free nature of loan is suitable for people in dire need of instant cash.
These payday loans, both 3 months payday loans and instant cash advance payday loans, have helped a lot of people in desperate need for urgent cash. And they have also helped banks and other financial institutions to earn some high interests.
by: Sonya Rai
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