Money Loans Articles
Cash on the Go: Quick and Easy Money Loans
If you often find yourself in a situation when you're in dire need of cash, then you can get one of the many kinds of money loans offered by your bank. When you only need as little as a thousand dollars to get you by during the week or until your next payday, or if you have an emergency at home that requires immediate payment, money loans can be granted 24 hours after you make your request. If you don't have the time to inquire about this type of loan in person, you may follow an online process that assures instant financial aid. There are many kinds of money loans available, and there's one for your every need.
Same Day Cash Loan
A same day cash loan or emergency loan is a kind of money loan that can be acquired in less than 24 hours. If you suddenly find yourself in a situation where you only need a few hundred dollars or so, then you can depend on this type of loan. All you have to do is inform your bank that you need a particular sum, and you will be given this amount within the day. There are no long processes involved with this kind of money loan. There are no application forms to fill up, and you're not required to produce documents about your finances. Banks and other lending institutions also won't go through your entire credit history. In fact, you may even make your request online or over the phone. All you need is an account with your bank and you can expect to have the money in just several hours.
Because this type of money loan was designed to provide just a small amount of money, you won't be required to produce collateral. However, you will still be required to pay back this amount with interest and in a particular period of time. So before an emergency situation arises, make sure that you know that your bank can offer you the best rates and the lowest prices.
No Credit Check or Bad Credit Cash Advance Loans
This is similar to the same day cash loan, and the basis for this type of money loan is employment. If you have job and a set income per month, then you can qualify for this kind of loan. This money loan type is ideal for emergency situations because you can get approval within the day. Your credit history will not be a factor for this money loan, so you can receive the money you need without the long wait. You just need to provide your bank proof of employment and you can get the money that you need in less than 24 hours.
The payment schedule and interest rates may also vary, so learn about these details first before inquiring about this type of money loan. Depending on your bank, the common payment period for a no credit check or bad credit cash advance loan ranges from 7 days to a month.
Cash Advance Payday Loan or Paycheck Advance Loan
If you can't manage to stretch out that check until the next payday, then you can always request for a cash advance payday or paycheck advance loan from the bank. Just like other short-term cash loans, you can apply for this type of money loan over the phone or online. You must have an account with the bank for a required period of time, but there's no need to worry about having a good credit standing for this type of loan. All you need to do is submit some documents that will prove that you are employed, and you may also have to provide a statement showing how much you make per month.
Most banks give their clients a maximum of thirty days to repay this loan, but payment periods may also vary, given the amount you borrowed and the interest rates given by the bank.
With all these kinds of money loans, you're assured to have cash at a short notice. But before you apply for this type of money loan, you should be knowledgeable about the terms and conditions of your bank. Short-term loans are quick fixes to your money problems, and these don't require thorough credit checks. But just because your credit standing is not taken into consideration with this type of loan doesn't mean you can be careless with your payments. Always keep up with your regular payments to maintain a good credit standing and this will be beneficial to you in the future.