Technology has evolved over a period of time, we have come down from room size computers to desktops and from desktops to laptops and from laptops to palmtops and eventually to smartphone. Every moment technology is undergoing a change. With this the individuals have also paced up and so have their expectations. So, in order to catch up with the new generation, the lenders have come up with no fax payday option. A tech-savvy person obviously won’t drive down to some office and then borrow fax machine to send some documents. This fast paced generation wants everything in a jiffy. So do they want the solution of their financial urgencies. Gone are the days of seeking appointment with the bank officials, then meeting them in person and then waiting for the decision whether the required loan asked for will be sanctioned or not? For the new generation comes the fax free payday loan.
Fax free payday loan is a short term online payday loans which is borrowed till the next payday. The amount borrowed can range between $100 to$1000 .You can borrow the amount for about two weeks. This is applied online and one does not require any documents to be faxed.
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Who all can apply?
Any American citizen of 18 years of age, who has been employed for the past three months with at least $ 1000 as the minimum salary per month and has a valid checking account with valid phone number and a house address, is eligible to apply for this loan.
Procedure of getting payday loan
It is very simple, as simple as chatting with your friend on phone. You can apply it from anywhere and even on phone. You just need to go for online shopping for the fax free payday loan. Just compare the rates of interest offered by them. If you are lucky enough you might find one who won’t ask for any because it might be your first financial deal with him. The rates charged by the lenders vary from state to state. It can fall in the range of $10 dollars to $30 dollars.
After comparing the rates choose a reputed , reliable lender who promises to keep your personal information safe. Fill the electronic form online. The information required to be filled is your personal and employment details along with your bank account number. Once you have filled it, the lender on the other end verifies and responds spontaneously if it is sanctioned or not. If sanctioned then the required amount is put in your account. Here the money gets transferred, there your worry evaporates. You can use it for the urgency to be met.
You need not worry regarding the repayment process. Just be prepared for less pay to fall in your account on the next payday. The amount which you have already borrowed will get automatically deducted along with the rate of interest and fee.
You should try to repay the amount borrowed by the promised payday only, if you are still stuck in financial crisis then you can go for roll over and can ask the lender to wait for another payday. The interest charged may get doubled and it might come out to be very expensive. It has been reported that roll overs at times touch APR 400%.
It can be availed from anywhere. As the form has to be filled on line so it can be filled from anywhere. Even in the middle of your vacations if you find funds running out you can replenish them by availing fax free payday loan.
The service is provided round the clock If monetary urgency strikes you at odd hour , the fax free payday loan is just a click away.
No lengthy documentation The lenders do not require long proofs so it is fax free and hassle free too.
No collateral required You are not asked to provide any collateral like house, vehicle or property to prove your financial background.
Good for people with bad credit history People who have bad credit history can also avail pPayday loans Columbus Ohio as the only thing that the lender looks at while giving loan is your payday. Your pay is the only assurance against which he gives you the loan.
Good option to improve your credit history If you are able to pay well in time then it is a good deal as it goes positive and builds your credit history for future.
Above all it blows away worries, brings back the lost smile and makes the person confidently walk through the financial urgency to the next payday. I think the smile restored by such financial help is not a bad deal.