100% Online

   100% Online

      Money in the bank

Quick Cash Loan Ins And Outs

If you need money fast, a quick cash loan may be the best solution. These types of loans are extremely beneficial when you need cash in a pinch, such as overnight for car repairs, medical bills or for other unexpected expenses until pay day. A quick cash loan be gotten online or offline.

Paying Back and Fees

As with any other type of loan, a quick cash loan must be paid back. Most must be paid back within two weeks, though some may allow you up to a month. The cost of receiving a fast cash loan is higher than you'd typically pay for other types of loans. Fees are based on a set amount per $100 borrowed. You can usually expect to pay at least $20 per $100 you borrow, though some places may charge $30 or more.

Though the cost may seem high, it can actually save you from financial problems in the future. For instance, sudden expenses may result in you needing to choose whether to pay a car payment or your mortgage. Missing either one will result in extra fees and a drop in your credit score. Paying the extra $20 or $30 will help tide you over until you get paid, giving you breathing room and saving you money in the long run.

How to Qualify

Quick cash loans are not available for everyone. You must meet certain criteria. After all, the provider wants their money back. You must be at least 18 years old and have a steady monthly income of at least $1000. Note that some providers have decreased the income amount to $800. You also need a bank account, which can be a checking or savings account that accepts direct deposit.

If you've used a quick cash loan before, all prior loans must be paid in full before requesting another one. In order to verify your income and identity, you'll be asked to provide proof of ID, such as a drivers license or other type of photo identification. For income verification, provide a recent paycheck stub. If you do not have a stub, use a bank statement with proof of weekly or monthly direct deposit amounts. To verify you bank account, provide a recent bank statement or cancelled check.

When To Expect Funds

When you apply for a quick cash loan, the amount of time to receive your funds depends on how you apply. If you apply online, the quick cash loan is typically approved within 4 to 8 hours, with funds being deposited in less than 24 hours.

If you apply offline, it may take up to a day to be approved. Funds will be deposited in your account anywhere from 1 to 5 days. If you need cash fast, apply online. Please note that you may need to fax or email identification, depending on the lender. Many online lenders no longer require you to fax or send in information.

Other Benefits

Besides fast cash, a quick cash loans have other benefits. You can receive a loan despite your credit and without any type of collateral. Though many choose to pay the full amount of the loan by their next pay day or within a few weeks, you also have the option of paying over time. You will end up paying more in interest and fees on your quick cash loan, but you will be able to set up a weekly or monthly payment plan, whichever best suits your needs.

>>> Click here to apply for a Payday Loans<<<