When a person needs to borrow cash, he firstly think of applying for a bank loan. But many borrowers might get rejected due to the bad credit history. So there must be some immediate source for helping these kind of people. So Online Payday loans are introduced in many countries especially in Canada and USA as people here suffers from financial emergencies from time to time.
Payday Loans are short term online loans that allows both good and bad credit holders to borrow cash between $100 tp $1500 with just a simple online application. But the interest rates on these loans are higher approximately 400 percent. A borrower is supposed to pay back loan along with the interest rate within 15 days before he receives his next paycheck. However in some cases, loan can be extended to one month who have 30 day salary period.
How to Qualify for Payday Loans?
A borrower should meet the following criteria:
1. A borrower should be 18 years or old.
2.A borrower should be a US citizen if he is applying from USA.
3.A borrower should be working under same employer since last three months.
4. A borrower must have monthly salary of $1000 or more.
5. A borrower must have an active bank account at least 6 months old.
So, Don't wait, just make your mind and select the best payday loans lender in your near by areas. If you are based in Ohio, then Payday OH can help you. Visit us to know more!
Nice blog thanks for sharing do you need a genuine loan for business purposes or to pay your debt I thinks it was the best service to payday loans online people process is easy and simple
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