Due to their
easy online availability, instant approval and hassle free process fax less
instant payday loans have become extremely popular. In contrast to traditional
loans, fax less cash advances does not require submission of any documents.
However, these short term loans attract high interest rates. That is why it is
extremely important to pay back these loans on time.
Applicable
Interest Rates on Fax less Instant Payday Loans
The lenders,
providing instant cash by way of payday loan need to apply higher interest
rates because of many advantages that they offer such as
o no credit
checks
o short term tenure
o no collateral
o cash disbursed within 24 hours
o short term tenure
o no collateral
o cash disbursed within 24 hours
If you want to
take a traditional loan, the banks would have a long list of qualification
criteria and loads of documents for submission. While in case of fax less
instant payday loans, there is no need to submit any documents.
If you fulfill
the following criteria, these loans can be yours -
o 18 years or
more and U.S. citizen
o Regular monthly income of at least $1000
o Valid online checking bank account
o In a current job for at least 3 months
o Regular monthly income of at least $1000
o Valid online checking bank account
o In a current job for at least 3 months
The main
advantage about payday loans is that they offer instant cash on the spot. In
case of traditional loans, the interest rate may be much lower but it would
take days to disburse the loan amount.
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