Today, it is possible for you can get a fast cash advance personal loan at reasonable rates, with a period of up to one month to repay the loan. However, people do not borrow a fast cash loan for this much period. Usually, one borrows the money for a period of one to two weeks. Normally, a person doesn’t need to borrow from outside in the beginning of the month because he had just received his salary. It is in the last couple of weeks when you need to go for something like guaranteed cash loan to meet some urgent expense.
Fast cash advance personal loan is a kind of unsecured loan that one borrows because of some unexpected expense. We can say that it is a temporary solution to your financial troubles because you get money now to pay off the emergency bill and make the repayment when you receive your paycheck.
This is exactly why lenders of fast cash advance personal loan do not lend bigger amounts. Generally, the amount you can borrow ranges from $100 to $1,000. Depending upon your income, some lenders may offer you slightly bigger amount.
As the amount of fast cash advance personal loan is very small and the term of loan is also not very long, lending companies sanction the loan without performing any kind of credit check. It is this unique feature of this loan that makes it much different from the other traditional loans. It is very difficult to obtain any other type of loan for a person who has a bad credit history. Lenders of fast cash advance personal loan do not take this factor in to account and even people with bad credit can also apply for this loan.
The criteria used by the fast cash advance personal loan lenders to sanction the loan, is your employment details that you furnish along with your application. If the data you submit is convincing enough about your repayment capabilities then you would get the approval in minutes. If your job is stable and the salary is above the minimum specified limit by the particular lender, then you can rest assured that the money will be credited in your bank account within 24 hours.