What is a cash loan?

 

Cash Loans - is money for necessary needs: purchase of various goods, recreation, auto repair, training or any other purpose. Loans cash is very convenient for those who have not opened an account, or bank card. To get the loan you only need a passport, the Internet, and 15 minutes of free time. And how to get express loan, you will find in this article.

 

Microfinance institutions offer a variety of rapid cash loans. The main parameters for fixed-term cash loan:

 

1. The terms of the loan.

 

The main elements are the sum and term of the loan. In most cases, the percentage of the loan has a minimum and maximum limits - the exact interest rate is determined based on the time and the amount of a loan. Interest on loans for short term may seem big and reach 4% on the day, but given the small amount of the loan, interest will not beat the pocket. Term of the loan can start from day 1, and limited to 31 days (calendar month).

 

2. The amount of the loan.

 

This cash loan, which is requested from a microfinance company. Loan amounts can vary from a few dollars to several thousand.

 

3. Requirements to the borrower.

 

Basically all microfinance companies give cash loans only to US citizens, aged between 18 and 65 who are registered in the region, the location of the company. What is important is having a job (but not all banks) and a stable source of income, which should be enough to repay the loan.

 

4. Documents.

 

Typically, for an urgent loan must provide only a passport. As additional documents Bank may request: TIN certificate, passport, military ID, etc.

 

Consideration of an application for a fast loan takes place in a period of a few minutes to one day. In the case of a contract for the positive, the result of which is the issuance of cash.