subject: Cheque Book Loans: Draw Instant Finance Against Cheque Book [print this page] Cheque book loans are a great source of finance at the time of urgent need. This loan offers an instant way to get cash assistance for meeting up small financial crises. Money in the form of loan borrowed with the cheque book can be used for any purpose. Borrowers can pay off their pending bills, medical bills, and home renovation or make payment for debt consolidation. The advantage of obtaining a cheque book loan is that borrowers can avail the cash directly transferred into their bank account.
Under cheque book loans borrowers can avail amount ranging from 100 to 800. These loans are basically short- term loan generated for a term of 14 to 31days. The main criteria for availing the loan is that a cheque book owner should draw a post-dated cheque at the name of the lender and this will act as a security against the loan. The amount that is borrowed gets deducted from your bank account automatically. The loan is a short-term financial assistance which is offered at relatively higher rate of interest.
To apply for a cheque book loan, borrowers need not to worry about your credit score. There is no credit checking involved in the loan process and so, people with bad credit history or worst credit status like CCJ, IVA, arrears, default etc. can also apply for this loan. Moreover, this loan will be the handiest option in improving the credit score of the borrower by helping them in repaying the past debts. Only he/she needs to fulfill certain basic requirements that a borrower must have a regular source of income, and having an active bank account with cheque book.
The best way to apply for cheque book loans is to through online process. This process is easier and the borrowers need not to visit the loan providers physically. The entire loan transaction procedure is short and borrowers can complete the process in a simple manner.
by: Deran Relly
welcome to Insurances.net (https://www.insurances.net)
