subject: Small Loans- Small But Timely Help [print this page] In the hour of need, we often require an immediate help. Generally in our day to day life, we often fall short of money. In such situations, we require a small amount of money to finance our needs. It is in these situations that small loans play their role.
Small loans provide the best help to us. The loan amount is not big, so the liability to pay off the debt is not much. Even if the rate of interest is high, which generally is in the case of unsecured loan, the overall burden on the borrower is not much.
If you too want such loans, then you have to fulfill certain prerequisites. Firstly, you should be a permanent US resident with an age of more than 18 years. You should be on a job for not less than 6 months. Your salary should not be below $1000 per month. If you satisfy all these conditions, then you can easily get your loan approved.
You can also apply for these loans via internet. It will further reduce time of getting loan. In certain cases, you can also get the loan on the same day. These loans may be secured as well as unsecured. In the first case, you have to pledge any of your assets to get loan approved. Here the rate of interest applicable will be lower compared to the unsecured loan. But, if you are facing credit crunch and your past credit record is not so good, then you may go for unsecured loan. It will be more beneficial for you.
Though it is a very fast way to get money into your account, but then also it is recommended that you should go for these only when you are really in need of money.
by: Abell Bush
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