Online Payday Loans are Available in the Comfort of Your Home
Function wise, online payday loans serve the same purpose as payday loans from a brick and mortar bank; it serves as an emergency option for funds till your payday check comes in. it is the comfort of the online payday loans that makes it a popular option for people looking for emergency funds.
All you have to do for our online payday loans is to fill out our online application and if your application is approved, the funds are deposited in your account within one business day. All this is done following the same terms and conditions for normal payday loans, and is given to you while you sit in the comfort of your home.
Online payday loans are usually 14 days long
Online payday loans are the best options you have for emergency cash to help you look after expenses, till your next payday or for 14 days. This loan is usually valid for a period of 14 days, where you need not pay any interest for the money you borrow as most lenders don’t prefer lending money for longer than 14 days.
Though there is no interest to be paid for online payday loan, lenders usually charge a fixed fee for the money. Usually theycharge $10 to $30 per $100 that is borrowed. And lenders usually lend you $500 - $1000, depending on your eligibility and the lender’s principles. So when you repay the amount, you will have to pay the principle amount and the amount of fees depending on the amount of money that is borrowed.
If you find that you cannot make your repayment within 14 days, then we are more than happy to extend the loan term for another 14 days. All you have to do is to pay the same amount of accumulated fees for the extended loan.
Online payday loans are available to those with multiple income sources
When applying for an online payday loan, you will have to provide some proof of income and your checking account information to the lender. There are also some lenders who lend money only to borrowers having a minimum income of $1000 every month.
However there are also some borrowers like us who consider multiple sources of income for meeting this requirement, which may be in the form of not only salaried income, but also child support and alimony.
With an online payday loan, you can expect your funds to get transmitted in your checking account in 24 hours’ time. There are some lenders who however take 3-5 days to transfer the money to your bank account.
We are also willing to wire your funds to your bank account on the same day that your loan gets approved. However you will have to pay an additional fee if you require such fast and prompt service.
The greatest benefit of our loans is that there is no credit check to undergo for the loan. As long as you are 18 years of age and a citizen of US and have a checking account then you are considered eligible for the loan.
