Online pay day advance loans are meant for just these kinds of situations. Whenever there is a quick need for a few hundred dollars, that you are sure you can settle later with your next paycheck, you can apply for a cash payday loan online on any of the hundreds of payday loan websites. They charge a loan fee, which is generally from $10 to $30 per $100 of loan for 2 weeks.
But I Need the Cash Fast!
Is one day fast enough for you? An online payday advance loan takes only a few hours to go through your application, give approval and complete all other formalities. And you have the money directly wired to your bank account within 24 hours. There are several reasons for this promptness.
You don’t need to visit a payday loan vendor in person. Payday cash loans can be availed right from the comforts of your home. No credit check or telecheck is required. As long as you are over 18, have a regular job with a minimum monthly income of $1000 and a checking account, you can get an advance payday cash loan. You don’t need to wait for days to get the check in your hand and then another few days to have it cleared. The money is deposited directly into your account.
A Word of Caution
The interest charges (10%-30% every 2 weeks) amount to an APR of almost 390%, which is obviously very high! So you don’t want to be playing with such high interest loans! Use an online payday advance loan ONLY in case of emergencies. And make sure you clear the loan in full on the due date. If you get into the habit of lending against your paycheck every month, or taking repeated extensions on your loan, you might find yourself in a very messy financial scenario! Online payday advance loans, provides you that extra bit of cash before your next payday. Many payday loan companies offer advance payday loans online to their customers today.