Taking a loan is not an issue any more. The thing that matters more than this is the repayment of loan. All short term loans have a disadvantage. These are to be repaid within few weeks. This becomes a very big problem when the financial position of the borrower is not good. To overcome such situations, 90 day loan is a solution.
As the name suggests, 90 day loan are granted for a period of 3 months. The loan amount is also not fixed. In most of the situations it varies from $100 to $1500. This amount may be more also. It depends upon the need and creditability of the borrower seeking such loans.
These loans are designed only for the permanent residents of US. A person should be above 18 years of age if he/she wants to get the money. A borrower should be on some job and should also be having a bank account in US. It is this account which would later be credited by the loan amount once it is approved by the lender.
These loans are offered in both secured as well as unsecured manner. In the secured loan, the rate of interest is quite low. Here a borrower has to pledge any of his/her assets with the lender to get money. On the other side, though there is no need of pledging in the case of unsecured loan. But they are little bit expensive than the normal loans.
If any person is facing any financial crises and wants to come out of it, then it is suggested to go for online method of loan application. It is not only fast but also saves time and would make the complete loan application process very transparent and efficient.