FAQs : Payday Loans
Are there any loan packages which can be taken for the
purpose of meeting with day to day expenses?
Yes, payday loans are those loans which can be
taken for the purpose of day to day expenses. These loans are specially
meant for salaried classes. Generally you have to repay these loans
on your next payday so these are known by the name of payday
loans.
Who can take payday loans?
Anyone who has a regular source of income can get this loan through
us. Though the loan is especially meant for salaried classes, yet
anyone with regular source of income can get it.
Where from can I take payday loans?
Payday loans are available through online an online application.
It is completely a non hassling process. You apply online for the
loan, and money is directly deposited into your bank account. You
even can opt for cash in hand option.
What are the purposes for which I can get payday loans?
For getting payday loans you need not to tell your purpose. You
just tell the amount which you require as payday loan and lenders
decide it according to your earning. Purpose is not a matter while
getting payday loans. It can be anything telephone bills, medical
expenses or recreational activities.
What would be the rate of interest on payday loans?
Every lending institution or individual quotes a specific rate of
interest. We get loan quote from almost every lender according to
your requirement. Your loan application is directed to a lender
who quotes lower rate of interest and better terms for you.
Is it necessary to get loan after getting quote for it?
No. Getting loan quote doesn’t mean you may be compelled to
get the loan. Even after getting loan approval you can deny from
taking it.
Can I get payday loans without having bank account?
Yes. You can get payday loans without having any bank account. But
having a bank account always makes it easier to get payday loans.
What will be the term of the payday loans?
The term of payday loans can be as short as 14days. There is no
cap on upper limit, your lender and you can decide it by mutual
understanding. However, rationally the term for lower amount is
always shorter.
I don’t have a job. Can I take payday loans?
You can get payday loans if you have a source of regular income.
‘Not having job’ is not an obstacle.
Is it necessary to fax any document to get payday loans?
No it is not necessary to fax any of your documents to get payday
loans. We can make faxless payday loan possible for you.
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