(prHWY.com) December 28, 2012 - Texas, TX -- December 28th 2012 - For those who have a financial emergency and find it impossible to get an online loan because of their bad credit,
http://www.loan98.com offers a quick and easy way to get online payday loans.
Online payday loans are cash advance loans that are very important for those who face an unexpected financial emergency; one that they cannot cater to with their present bank balance. The cash advance is taken against the next month's salary; with a contract between the borrower and lender where the stipulated sum is deducted from the salary of the borrower automatically, or the borrower can transfer the amount back once the salary has been credited to their bank account.
"Think of online payday loans as short term personal loans. The loan ratio is decided as per the income of the borrower and if the money amount exceeds a month's salary, it is possible to get repayment options done on monthly instalment basis. These instalments are usually completed in a few months time, because these online payday loans are never for a large amount. The reason is that these loans are offered without a credit check, making it possible for those who have poor credit ranking or no rating at all to be able to avail easy and quick personal loans", says an expert.
The biggest benefit of online payday loans is an ideal way to get immediate cash influx. The processing time is usually just 1 hour, which means that within the hour the borrower can have access to anything between $200 and $500. Also, the privacy of a borrower is maintained, offering a safe and secure way to send and receive money using secured online websites that use the latest encryption technology for security reasons. Also, the details are never sold to a 3rd party vendor, as is mentioned in the contract.
Though the interest rates at which online payday loans are higher as compared to ordinary personal loans through banks, the advantage is speed of processing, lack of credit check and virtually no paperwork. The interest rates are quite transparent and disclosed at the time of applying for the online loan. All that is required is proof of US citizenship, certificate that shows the person is above 18 years of age, bank account information and proof of regular employment. These types of information can be transmitted through a fax less program online and the cash advance amount can even be delivered to any individual standard bank account of choice.
For more information on online payday loans, please visit http://www.prlog.org/12032969-best-cash-advance-loan-benefits.html or
http://www.loan98.com.
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