Cash advances are payday loans that can be obtained by anyone in hard times. It is one of the fastest means to get urgent money on hand during acute financial crisis.
A host of individual lenders and lending companies offer cash advances to clients all over the globe. With the advent of online services, the demand for cash advances has increased considerably.
A cash advance differs from an ordinary bank loan. The primary difference between the two loans depends on the mode of acquiring the cash money. While an ordinary bank is obtained after long hours of planned decision and extensive paper work, a cash advance can be obtained to meet up immediate financial crisis within 24 hours of the submission of the loan application.
You donít need to keep anything as a collateral in order to obtain a cash advance loan. This unsecured loan has to be repaid on your next payday.
Usually, a cash advance loan is renewable. If you are unable to pay the principal money and the interest in due time then you may only pay the interest and get the principal loan amount renewed for next pay period.
The minimum eligibility criterion of a borrower is same among all lending organizations and private lenders. Anybody who fulfills the requirements can opt for a cash advance loan.
- The applicant must be above 18 years
- The borrower must be employed
- He or she must have a valid account number
The system of transaction of cash advance loan is hassle free and quick. The borrower needs to fill out a form of the lending organization or the private lender.
Either you can opt for online form or you can choose to submit the general form at the counter of the lending company. After proper verification of the loan application, the borrower is notified if he or she has qualified for the cash advance. The total amount of cash advance is automatically transferred to the borrowers bank account.
Like many other online loans provider, Maycash has established a mark of its own in the web arena. This online loans provider has been successfully fulfilling the needs of its clients for the last five years.
Anybody can opt for a cash advance loan from this leading payday loans provider online. The borrower can get maximum amount of $1500 as a cash advance from Maycash. The repayment of a cash advance extends for a period of two weeks.
No credit checks are done at Maycash. Hence, bad credit holders can easily obtain a cash advance and increase his or hers credit scores.
Our team of experienced professionals tries to serve our esteemed clients in the immediate hour. We are open five days a week i.e., Monday to Friday. We ensure that our clients get cash within 24 hours of the receipt of the application.
The borrower has to fill out an online application form in the Maycash website. All kinds of details like name, address, bank, payroll information, employer and the loan amount have to be mentioned correctly. This online application form is reviewed and the borrower is informed about his or her present position through emails. Incase the loan is approved; the loan amount is electronically transferred in the bank account of the borrower.