subject: Salary loans-Substitute of salary [print this page] Salary loans are specially designed for the people living on a single source of income. These loans are the substitute of your salary. When your salary is exhausted, you can go for these loans to fulfil your short-term dreams. These loans are availed to you till your next payday. You can meet all kind of day-to-day needs with the assistance of these funds. Through these loans, you can repair your automobile or plan a vacation trip.
Salary loans are capable of availing you the amount ranging from $50 to $1500. The repayment term of these loans is of 2 to 4 weeks. You should repay the borrowed amount at the given period of time. Otherwise, the lenders will charge extra fee as penalty. Do not hesitate to go for these loans, if you are holding bad credit scores such as arrears, defaults or bankruptcy. There is no procedure of credit check. The lenders are not interested in knowing your credit status. Moreover, these loans are collateral-free. There is no need placing any car, property, jewellery or car against the borrowed amount, which is beneficial for the tenants or non-homeowners.
The lenders charge a high rate of interest on the borrowed amount because of its short-term nature. Therefore, you should borrow only that amount which is required to you. If you want to skip the tedious and time-consuming formalities of paper work like faxing and documentation, you should go for online method for the application of these funds. You just need filling an online application form that provides mandatory information such as your name, age, income proof, employment, contact details, bank account number and so on. After filling the form, submit it online. If the lender is satisfied with the details, he will transfer the requested amount into your bank account within 24 hours of the application.
Salary loans-Substitute of salary
By: rex moshe
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