Frequently Asked Questions
Same day loans are one of the best innovations in the world of finance. Now, instead of waiting for more than a week to apply for and to get a loan, you can get your loan within twenty-four hours or even less. You can deal with any financial emergency that has popped up within the day using instant cash relief from same day loans.
However, the idea of applying for a loan in less than a week and in getting the loan within the day is still incredible and unbelievable for some people. If you are one of those who are still cautious of and who are a little afraid to try availing of same day loans, read one. Here are some same day loans facts that will answer your questions about and address your concerns about same day loans.
1.I have been working for only three months now. Am I qualified to apply for same day loans?
For some loan lenders, the minimum working period requirement of same day loans applicants is ninety days. However, some loan lenders even accept same day loans applications from people who have been working for only sixty days.
So yes, you can avail of same day loans even if you have been working for only three months as long as you fulfil the other requirements. To be able to apply for same day loans, you should be at least eighteen-years old or older, you should be and American citizen, and you should have a checking or a savings account. You can even apply for same day loans even if you have bad credit because the application for same day loans has no credit check requirement.
2. What is the best way of applying for same day loans? Do I have to miss a day of work just to apply for same day loans?
The best way of applying for same day loans is to apply for the loan online. That way, you can save on time and resources and you do not even have to miss a day of work. All you need to do is to visit the website of an online loan lender, fill up an application form, attach a copy of your latest payslip and include the details of your bank account, and submit.
The loan officer will just verify your identity and process your loan application online. These procedures will only take a few hours. The online loan lender will email you once your loan has been approved and you can receive your loan in your bank account within the next day or even within a few hours.
3. How long do I have to pay for same day loans?
With same day loans, you do not have to worry about paying loans for eternity. Same day loans are unsecured short-term small loans so these kinds of loans have a short repayment period, which is usually from two weeks to one month. Thus, same day loans are the best kinds of loans for addressing those sudden yet small money problems, such as household bills and medical emergencies.
4. I heard that same day loans are just a scam. Is this true?
Every financial transaction is a risk and with the internet, the risk is even bigger. However, this should not scare you away from availing of same day loans. When applying for same day loans, all you have to do is to conduct a little online research on the loan lenders. Make sure that the loan lenders are already established and they should have good records of accomplishment. Look at and compare the rates and terms offered by at least three to five loan lenders and choose the loan lender that you think offers the best rates and terms.