Text Loans-fetch Funds Through Convenience
Now days, SMS is not only used to converse with friends or relatives only
, it is also used for the business purposes like availing a loan. Through text loans, you can borrow up to 100 by just sending a text message to the lender. These loans are availed to you for the repayment term of 7 days. The primary step to avail these loans is filling an online application form that provides basic details about the borrower like name, age, income, employment, contact information, etc. and submit it online. After submitting the form, just SMS your lender to transfer the requested loan amount. He will wire the loan amount into your bank account within 24 hours.
At the time of repayment, the lender directly withdraws the loan amount from your bank account.
Text loans provide you an easy and convenient service. You can fetch these loans without leaving your comforts. These loans carry a high rate of interest due to short-term nature. But, negotiations and comparisons can help you to get an affordable deal.
There are certain conditions that must be fulfilled by the borrower to avail these loans without any hassle, such as:
The borrower must be residing in UK for last 6 months
The borrower must be an adult of at least 18 years or above
The borrower must have a regular job with a steady income
The borrower must have a mobile phone
The borrower must possess a valid and active bank account in his name for the transfer of loan amount
These loans are designed both for good and bad creditors. People holding poor credits like arrears, defaults or bankruptcy are also approved these loans. There is no procedure of credit check and the lenders are not interested in knowing your credit status.
by: Onner Smith
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