subject: Cash Advance Loans - For Your Short Term Needs [print this page] Cash advance loans provide instant access to finance to meet your short-term needs. Advances are provided for any need of the borrower. These advances are popular due to their easy terms. The lender decides the loan amount depending upon the applicants employment status and repayment ability. These terms and conditions vary from lender to lender.
The amount financed is to meet the emergency needs of the borrower. Advance is granted within the range of 80 to 1500. The rate of interest charged is slightly higher as compared to other loans, as they are for a short term. An important of this credit is the absence of any security. The borrower is not required to place kind of asset as security to obtain the loan.
There are plenty of financial institutions that are willing to offer credit. The eligibility criteria are as follows:
1.The applicant must be over 18years of age.
2.The applicant must be a citizen of UK.
3.The applicant must have a stable income.
4.The applicant must have an active bank account.
Due to progress in the IT industry all over the world, the borrower can now apply for cash advance loans online. The lender checks the details of the applicant and sanctions the credit. The application form required the following details: the name and address of the borrower, bank account number and his contact number. Some lenders also ask for the birth date. After the required information is received, it is verified and the borrowers credit worthiness is determined. With the basic details approved, the finance will reach your account within just 24 hours.
by: Angela Alderton
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