subject: 60 Day Payday Loans Better Option Of Getting Cash Than Other Bank Loans [print this page] . To attain these loans you can follow the similar procedure as that of other bank loans. You can easily and instantly avail these loans by the lender without any hassle. You are just required to submit the photocopy of following documents such as metric certificate for age verification, driving license or ration card for residence proof, salary slip for income verification or sometimes permanent account number (PAN) Card for any purpose. After verification of all the documents, cash is available for you in just a couple of hours.
60 day payday loans differ from other bank loans in respect that other bank loans ask you to put up as security such as bike, car etc. but these loans do not need any collateral so have high interest rate as comparison to others. Also Interest rate varies from lender to lender so it is your responsibility to choose the right lender who provides you these loans at lowest interest rate. Since these are the short term loans, it is beneficial for you to return the money on time otherwise interest rate increases periodically with time.
As the name suggests these loans are provided to you for a period of up to two month only so you should have to discuss all the terms and conditions set by the lender because every lender has its own terms and conditions. The shortcomings of these loans are that amount provided by the lender is not greater than 1500 dollar and smaller repayment period. The main advantage of these loans is that once the loan is approved by the lender, amount will be in your hands in just a couple of hours.
by: Karen Rase
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