You are not alone in facing financial troubles. Most people face this type of problem at least a few times in a year. Take help of easy cash loans to overcome your temporary financial difficulty. You can borrow from $100-$5000. This loan is available in the form of cash advance which means you will get it in cash. The amount will be deposited into your bank account within a few hours of your loan approval. The fast approval allows you to handle your financial emergency with minimum difficulty.
What Do You Need to Borrow a Cash Loan?
Different lenders have different loan applicant eligibility requirements but most of them generally have a standard set of requirements. First of all, they want to make sure you are a legal resident of this country. You must have the citizenship or legal residency permit. Next, they want to be sure of your income source. They will check your salary details through your bank statement or the salary stubs. You should be able to provide an identification document accepted by the lender. You must have a checking account where the loan amount will be deposited. They will need your contact address, email address and phone number.
The Loan Term
There are different types of cash advance loans. Payday loans are the most popular ones. It is borrowed for a very small amount of money and paid fully on the next paycheck. A personal loan is another short term cash loan. You can borrow up to $50,000 for a term of minimum 12 months to maximum 60 months. The loan duration will depend on the amount of money you borrow and the monthly repayment amount you have selected. The interest rate can vary from 9-23% per annum. You will pay back the principal amount with the interest and bank fees.
Fees and Charges
First of all, you will be paying an interest on your loan. The lender will apply a loan processing fee initially. An account fee of about $10 may be applied every month if your outstanding balance goes over $20. An annual fee of $100-$250 may be applied on a personal loan based on your credit rating and limit. The lender will charge a $15 fee if the direct debit of monthly repayment from your checking account is dishonored. A fee of $15 may be applied on an overdue account which is not maintained up to date. Different rates and terms will apply to different loan amounts. Check the details of these charges carefully before applying for easy cash loans.
Handle your financial emergency without any difficulty with the help of a cash advance loan. You can apply for this loan online any time of the day through the lender’s web portal.