Things That You Need to Know About Payday Loans

You must have surely heard about payday loan, which is generally available to a salaried person in order to cover his immediate expenses until he gets the next salary check. Such loans can be easily applied online and the approval and payment are done on the same day. It is quite easy and convenient to apply for such loans.

Do you know the various plus points of this kind of payday loan? Following are the list of benefits of such loans –

  • You can apply for such loans any time of the day from anywhere
  • You will get your loan amount on the same day
  • You do not need any security or collateral for obtaining such loans
  • Your credit score or ratings will not be checked, and hence if your credit score is poor still you are not debarred for such loan
  • Your personal data will remain secured and there is no chance of any identity theft
  • You do not need to take any appointment from your lender
  • You do not need to pay any commission or extra payment

In order to be eligible for such instant online cash loans from CaptainCash or any other lenders you need to fulfill following criteria

  • You must be minimum 18 years old
  • You must have regular employment
  • Your monthly salary must be at least US$750 per month
  • You must be a citizen of USA
  • You need to have a valid account in any bank

How do you receive your payment?

All payments are made through online transfer to your bank account. Application process is also quite simple and straightforward. You need to provide your name, email ID, name of employer, address, your monthly income details, account number, the amount that you want to borrow and your contact number.

Immediately after submitting your application form you can expect a call from lender to verify all the details that have been submitted by you.  Shortly you will get approval mail on your email address with the terms and conditions for your agreement. The amount of money that will be approved will depend upon your monthly salary. However, it will not exceed US$ 1500. Therefore, you must borrow only what you need. Less you borrow you will have to pay less amount as interest.

After you agree to the terms of the loan your amount will be credited to your account as given in the application form.