What Are The Requirements To Get Guaranteed Payday Loans And How To Choose A Lender?
There is now a faster way to get a loan and that is through guaranteed payday loans. It’s convenient to apply since you can do it online and your application can be processed within minutes.
Borrowing money can be a hassle because of all the paper works and credit check that you have to go through just to get the money.
If you need it right away for some emergency situation it can be frustrating on your part that you need to wait for days just to process your loan.
Guaranteed Payday Loans Requirements
You are eligible to get the guaranteed payday loans if you are 18 years old and above, have a bank checking account, and a home or office address. You should have a monthly income of at least 1000 dollars per month.
You have to be on your present job for at least 3 months to qualify for the loan.
The bank will need your basic information, social security number, driver’s license, phone numbers, and details of employment.
Make sure all the information you sent out is correct for fast processing of your loan. You will also be required to fax your pay slip and other documents for authentication.
The lenders guarantee that all information you will provide them will be kept confidential. Once your application was approved, the bank will deposit the money in the bank account you provided.
How Much Money Will The Bank Lend?
The usual amount that most banks can lend you is up to 1500 dollars.The whole process will only take 24 hours or even less.
Some lender will not even require you to fax your pay slip and other documents and can provide a cash advance of 500 dollars. Just remember, that this is a short-term loan and the bank might require you to pay as early as the next payday.
Tips For Choosing A Lender
There are many lenders that you can find online. So, it is better to do some research and compare which is the most reputable and provide the most reliable service.
Some lender will charge higher interest rate and some other fees so watch out for that. Read all the details of the loan.
So, you can make an informed decision.Before applying for the guaranteed payday loan it is important that you make sure that the lender whom you choose is genuine and reliable.
Check how long they have been in the business. You can check the list of bonafide lenders at Better Business Bureau. Make certain that there are no existing complaints against them. You should also make sure that the website is secure. You will provide important confidential information.
So, confirm first that the information will not be leaked out.Another important thing for consideration is whether the website of the lender is secure or not.
When you apply for payday loans you would be providing your private and confidential information. It is important that you confirm that the site is secure and all the information you provided will not be disclosed to any third party.