Instant Cash Advance

Instant Cash Advance- a means to sail through a financial crisis

There are instances when we feel that the fixed amount that we receive every month on our payday is not sufficient for a particular month. Sometimes some expenses crop up from nowhere just to make us feel miserable. Since the expenses are more or less fixed each month, we tend to divide our money for each expense slot accordingly. A new expense that too a big amount or for that matter any amount which has not been listed in our monthly list becomes a burden for us. This is a situation from which we can be relieved only through an Instant cash advance. Not all of us are blessed with such friends and relatives who can lend us money immediately when we are in need. We are also not comfortable at times to ask for money from a known source. Hence instant cash advance comes as a better option where we can freely borrow the required amount. These loans are called instant loans or instant cash advance because once you apply for it, you will receive money within 24 hours or even less.

Eligibility criterions for Instant Cash Advance:-

Instant Cash advance takes only a day’s time to be processed; hence it is a short term loan. These loans or cash advance can be borrowed by anybody who needs a loan. There are a few criterions that need to be fulfilled before you could apply for it. They are:

• Firstly, you should be holding a valid bank account where your loan amount would be transferred. This will also be the account from where your installments would be repaid later.

• Secondly, you should be having a steady working profile with a legal company and drawing a handsome salary. This criterion is important as this will be the judging ground of your capacity to repay the loan amount in your next payday cycle.

• Thirdly, you should be a US citizen to be eligible for the loan sanction.

• Finally, you should have completed 18 years of age before you apply.

Anybody who fulfills the above criterions can avail the benefits of this loan scheme. If we focus at the advantages of this cash advance, we find that these loans are unsecured loans. This clearly means that you are not required to pledge any kind of security or guarantee against this loan. Therefore in case you fail to repay the loan amount, the lender does not have anything to claim against the loan amount. This kind of short term loan is also good for people with a bad credit history. If you have been a defaulter in the past or if you have been bankrupt ever, you will not be granted a loan facility by any bank or financial institution. The only option left with you is to approach a lending company. These companies have tailor made plans of cash advance which would suit your payday cycle and hence would prove the most suitable for you.

Where to find a loan provider

Once you are geared up to take the loan, looking for a loan provider is not difficult. All you need to do is follow a few steps to receive your loan:

1. Go online. Look up for lending companies online. There are many such companies that are ready with custom made plans to provide you with instant cash advance.

2. Fill up the online application form with your personal details including your contact number and wait for the lenders to approach you.

3. Select some of the lenders who have favorable offers for you. Different lenders have varied terms and conditions for the borrowers. List down those who have lower interest rates and flexible repayment plans.

4. Compare all the lenders you have listed down and select the company which offers you the best deal. It is very important to verify if the lender you have selected is genuine or not. Be sure about the lending company by confirming at their postal address or even by paying a visit before you start the loan process.

5. Be very particular of the privacy policies that your lending company follows. Although these companies do not share the personal details of their clients with any third party; you should ensure that your lender follows this rule strictly failing which a legal action could be taken by you.

6. If all the above things are in your favor and you fit in to their eligibility criterions, your loan amount will be transferred to your bank account within a few hours.

Repayment Process:

The instant cash advance being a short term loan, has a repayment time of fourteen to thirty days only. Generally it is termed as payday loan as the repayment is most of the times linked with your payday. The repayment is directly routed through your bank account and the day you receive your monthly salary, the repayment amount is deducted from it and directly transferred to the lender. There are although some other plans also where you get some more time to repay your loan amount. It is advised to discuss all the repayment options with your lender much before you start the loan procedure. You should finalize on a plan that suits you best so that you can repay your loan comfortably. If in case you are still not able to repay your loan on time, you should inform your lender beforehand and be ready to pay the penalty for the delay.

Instant cash advance is therefore meant for those who have sudden cash crunch and are capable of repaying it within the given timeline. It is an option liked by many these days as it is very convenient and has almost no procedures. You need not even step out of your house to get this loan. Just go online, apply and get the money transferred in your bank account within a few hours. Feel free to use the money wherever you want as there are no restrictions from the lender.