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justli

Published on: 14 Dec 2016 by justli

What Is The Payday Loan

Applying payday loans is just like to overdraft your salary in advance without asking your boss. Payday loan is designed to pay for relatively small temporary, rather than big fees (such as a house or car). Think that how much money of your one-month salary or two months’ salary and you may know how much money you can apply for. Most payday loans range between $100 and $1500, but the slightly larger number may be considered. Even if you apply for the http://fastloan.sg/ , the money is limited as well, because the intended purpose of this loan is to pay the cost of the necessary temporary, instead of providing funds for investment or buying largely. The actual money you can apply depends on the country you live in and your income, and how long you have working there.

About interest rates

Important note: minimum reimbursement deadline is 2 months and up to 12 months. Usually, the interest rate provided by lenders is about 1% to 5% per month, depending on your credit rating and other factors. For example, if you borrow $1000 for 12 months, with 5% of the monthly interest rate, according to the formula you can easily calculate your total interest of 12 months. The information provided above is only part of the general, without considering your specific goals, needs and financial situation. If you want to know the specific information you should consult the consultants of any financial institution. Only by comparison can you find the best payday loan Singapore.

About the qualification

Like other types of loans from other banks, you need to meet certain conditions in order to obtain a best payday loan Singapore. Usually you must:

1) Aged at 18 or above.

2) Have a valid bank account.

3) The stable employment certificate of recent months.

Most of the cash advance lenders - including Banks and other financial institutions - will require these three standards. Bank account will receive money directly so it is usually necessary and it is where your loan will be paid to you. This is a kind of unsecured loans, so this loan requires a stable employment certificate to make sure that you can repay your loans. And furthermore, it usually does not require a credit check, but Banks are likely to query various consumer database to verify your identity and review the history of your personal loans. So you can quickly get the best payday from loan company instead of banks.

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