SHORT TERM LOANS
There are various lenders, which have different offers of online Payday Loans for you in each state. Terms, interest rate, and even your credit score influence the choice you will make to get money. Start by answering these questions and narrow your search and it will lead you to the right short-term lender.
SHORT TERM LOAN DEFINITION
A short-term loan, as the name implies, is issued for a specific period generally no longer than one month. Some short-term lenders offer 2 weeks loans as well. At the same time among commercial banks, any loan which is repayable within a period of fewer than three years is counted as short term loan.
GET A SHORT TERM CASH LOAN FAST
Almost all short-term loan providers offer a maximum short-term loan of $2500. Not much but the main advantage is the time of submitting the application and receiving a loan decision. You can even get an answer within 24-hours. In some states, short-term lenders make it possible to apply online and receive funds within 2 hours, with an extra fee charged.
HOW TO APPLY FOR SHORT-TERM LOANS ONLINE
Filling the online application will barely take 5 minutes. After that, you may be asked to show more documents, like pay stubs for the previous 6 months or current utility bills as your address proof. Short-term Payday Loans for bad credit are available even with no hard credit check. The list of requirements is vastly variable from lender to lender, so you will better check it before the application.
THE BEST SHORT-TERM LENDERS
The interest rate of a short-term loan, as a general principle, is higher than that of the loan-term loan. It is regulated by law, but you can hardly find the rate lower than 1% per day. Seems to be not bad for 2-weeks short-term cash advance, but it leads to 380% per year. So that the main idea is to ding the lender with the lower interest and no additional fees at the same time, as many of them are expecting you to pay a one-time fee to proceed with your application.