100% guaranteed approval for payday loan is boon for people who live from paycheck to paycheck. We all confront financial crunch, at one or the other point in day-to-day life. Something urgent comes up that cannot wait for your paycheck. Worst still, you realize that some important bills are still to be paid, after you have spent all your money that month. To whom would you turn to in such a case? Banks? Banks take exceptionally long time to approve the loan. The answer to this problem is instant payday loans.
No Fax Instant Payday Loans – An Overview
You have to fill up an online form to apply for no fax instant payday loan. The application process is simple and they will mainly ask you about your basic personal information, employment details and your bank details. These finance companies have a foolproof system, which enables them to approve your application within minutes, through Internet. You are not required to fax any documents to get these loans. After approval, the funds are transferred to your checking account the next day or the same day itself. These companies do not verify your credit rating for approval; therefore, even people with bad credit can get 100% guaranteed approval on payday loan.
However, there are some basic qualifications to be eligible for faxless payday loan. You need to be a citizen of 18 years and above, working fulltime for more than three months with minimum monthly salary of $1000 and staying in the same house for more than three months. If you fulfill these requirements, there are no chances that your loan application will be rejected. This is why they are called 100% approval payday loan.
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Normally, payday loans are short-term loans for a period of about two weeks. You have to specify repayment date in the application form. Accordingly, the lender debits the amount from your account on the said date. In case of need, you can also discuss postponement of due date with your lender and get an extension for another month by paying minimum charges.
Benefits of Cash Advance
Payday loan provides high approval no qualification cash advances. You do not require any documents like bank statements or paycheck proof. You do not need any guarantees or asset evaluation. You can get these loans approved from the comfort of your home or office. This system completely works online from sending out the form, lenders’ verifying your details, transfer of money in your bank and automatic withdrawal at the time of repayment. The approval generally takes about 1 hour. You can apply for it any time of the day, any day of the week.