An account on payday loans

April 13, 2013  //  Posted by: Financial advisor  //  Category: Loans

An account on payday loansPayday loans are short term loans that are given for a brief period of time say 14-30 days but just within 24 hours. These loans generally range from 100-1000 USD and are meant for your sudden short term expenses like emergency car repair or some urgent medical tests. Here is a brief account on the payday loans.

It just takes a few basic requirements to apply for payday loan. The loan seeker must be an adult here with a valid identity proof, stable source of income and an active bank account where the loan would be transferred. There would be no credit record checking in payday loans and if you meet up with basic requirements, your loan would be sent to your bank account within a day only.

Just remember to payback the payday loans on time as these loans come with great interest rates and can get burdensome with pricey penalties on late repayment.