Get an Instant Cash Payday Loan up to $1000
If you have an unanticipated need for cash, you should consider an instant cash payday loan. A payday loan allows you to collect a portion of your next paycheck early, for a reasonable service fee. This fee can be significantly less than the late payment penalty you owe if you wait to make the payment when your paycheck arrives.
An instant cash payday loan is an unsecured loan. This means that you do not have to back up the loan with any personal property. The lending agencies generally only require that you show some combination of photo id, proof of employment, or the existence of a bank account. In addition, the agency generally does not check your credit rating in order to approve the loan.
Most payday loan lenders allow you to apply for the loan either in person or online. There is no lengthy waiting period; you can receive the cash from a payday loan as soon as 1 hour after applying for the loan. If you choose, the money can be directly deposited in your bank account.
Repayment of an instant cash payday loan is generally expected within 8 to 17 days. It is intended to fill the gap for funds needed from when you borrow the money until your next payday. You may be required to give the lending agency a check in the amount of the loan plus the service fee when you secure the loan. Some agencies deposit the check on the agreed payment date, while others allow you to return to pay the loan or automatically withdraw the funds from your bank account. If you need a loan for longer, you will want to consider other funding options.
The maximum amount available to you depends on your state, your income, and the answers to some qualifying questions the lender will ask. Most payday loans are for amounts between $100 and $1,000.
In order to take out a payday loan, you must:
- Be at least 18 years old
- Be a US citizen
- Earn at least $1,000 per month
- Have a checking or savings account
In addition, most lenders will not consider an applicant who is active in the military.
Let’s look an example of a situation in which an instant cash payday loan is a smart financing option. George is a businessman who drives a great deal for his job. He drops off his car for repairs two days before he is scheduled for an important trip. When the mechanic gives him the estimate for the repairs, George is relieved to know that he has enough cash to pay the mechanic and survive until he gets paid in another week. However, the mechanic calls a little while later and explains that the repairs are going to cost $500 more than expected. George knows that his credit card is at its maximum and that the last time he charged amounts over that maximum, he was hit with a very large fee. He is sure that he can afford to pay the $500 as soon as he gets his next paycheck.
George goes online and applies for an instant cash payday loan. He provides his checking account number, and by the next morning he has the cash he needs in his checking account. And the fee that he pays the payday loan company is significantly less than he would have paid the credit card company.
You can easily find the instant cash payday lender that offers the interest rate and services that best meet your cash needs. To begin, type your zip code and start the short online application.