Short Term Loans-no Need Of Pledging Any Collateral Security
There are many people in US who are suffering from bad credit scores or they are
not able to pledge ant collateral security against the borrowed amount when they need to get a loan to meet their urgent requirements. Now, these people should not worry about these problems, as short term loans are designed to take you out from these situations. There is no credit check and no requirement of placing any of your assets as collateral. These are the loans for short period.
With the help of short term loans , you can avail the amount ranging from $100 to 41500. The repayment term of these loans is 14 to 31 days. These loans are basically designed to fulfill the unexpected requirements which occur at the mid of the month, when you do not have enough cash to meet the needs such as renovation of home, hospital bills, grocery bills, tuition fees, vocational tour and so on.
The applicant must fulfill a certain eligibility criterion to avail these loans easily and without any hassle:
The applicant should be a permanent resident of US.
The applicant must be an adult of at least 18 years of age.
The applicant must have a valid and active bank account in his name.
The applicant must have a regular job with the income of at least $1000.
These loans are unsecured in nature; therefore these loans are available at high rate of interest because of the risk involved in these loans for the lenders. The rate of interest charged on these loans depends up on the repayment ability of the borrower and the risk involved in the approval of loan. Before going for any deal, you must have a proper market search about the lenders and compare their rate of interest.