Are you lacking in required cash to pay for outstanding expenses? Perhaps you are in stress and thinking that how will you manage to handle this situation. Asking for money from close friend or family member may not be your cup of cake. Also traditional bank loans cannot provide because of restricted time restraints. Well don’t worry! No matter what is your current financial situation; online fax less payday loans are best option to go for.
Fax less payday loans offer instant between $100 and $1500 as per borrower’s requirement. Interest rates implied on these loans can be approximately 400 percent. A process is so simple that borrower is just supposed to fill online application to borrow required funds. After reviewing eligibility criteria he will be send loan offer. If borrower is ok with lender’s loan terms and conditions then he can electronically sign the agreement.
How to qualify for fax less payday loans?
A borrower can qualify for online fax less payday loans if he meets following eligibility criteria: –
- The borrower must be above 18 years old.
- He must be Canadian citizen.
- He must be working under same employer since last three months.
- An applicant must be earning at least $1000 per month to ensure repayment.
These loans do not perform any credit check until borrower promises to pay back loan amount along with calculated interest rate on due date. Generally loan term is set to 14 days but it can be extended to 30 days period in case where borrower receives salary after one month.
Sometimes it becomes difficult to maintain enough account balance to fulfill repayment. In such case, it is borrower’s responsibility to inform lender on prior basis. Then it all depends on lender that he will allow or not his customers to pay late by charging some late fee.
No Paper Work Included
As the name depicts they do not require any faxing from borrower. Lending this way is completely online process right from application to repayment. All basic personal and bank details are asked in application form itself. If lender needs further information borrower, then he can ask via email or on phone.
Online short term loans provide completely hassle free cash solutions to meet emergency expenses. They typically do not perform useless paper work formalities. Application forms for these loans are available 24X7 hours a week on every payday loan website. They try to provide cash solutions to Canadian citizens as easy possible so that they can quickly cover up expenses.
In today’s economy, it is very hard to handle everything solely with salary. So, borrowing payday loan is best option instead of settling your financial health into depression. They allow consumers to get cash within one business day to handle all imperious circumstances.
While exploring for online lenders, don’t forget to check their license registered with Canadian government. If you have any doubts regarding loan fees and policy then clear your doubts with some financial adviser first before actually borrowing. Handle your economic life carefully.