April 6, 2020 admin 0Comment

Short term loans with no faxing required

Short-term loans are there if find yourself in a financial emergency. They should be available quickly and be paid off almost as quickly. When looking for a short-term loan, you often visit your house bank but find that it does not offer short-term loans. Either you get a credit line with which you can overdraw your account, or you have to use an ordinary loan that has a minimum term of 12 months.

The same problem exists when applying for a normal online loan. Here, too, you can only receive loans with a minimum term of 12 months. For a short time now there have been some providers on the online market that specialize in short-term loans. With these providers, it is possible to get a short-term loan of up to 3,000 USD quickly and without great effort.

The maximum term is 45 days, which means we can speak of a short-term loan. We took a closer look at what exactly the framework conditions and criteria for a short-term loan are and which providers are on the market.

The framework conditions for a short-term loan are actually quite simple. With a short-term loan, the maximum loan amount is limited to $ 3,000. The decision on a short-term loan of $ 100 – $ 1,000 is made very quickly and additional documents are requested for a sum of $ 1,000 – $ 3,000. You can vary the duration of the loan repayment, so you have the option to choose a loan period from a few days up to 45 days. This is a one-time repayment in which the loan amount and interest have to be paid off in one fell swoop. Some providers also offer a 2-installment option, with which the repayment of the loan amount can be divided into 2 installments.

The advantages of a short-term loan are clearly very quick processing. Since this is a comparatively small credit line, in contrast to a car or construction loan, only very few documents are required for the application and loan approval. The best thing about it is that the complete processing for a short-term loan can be carried out online and you can, therefore, save yourself the copying of documents and the way to the post office for submitting the loan application. Purely online processing also has the advantage that you get a decision on the lending very quickly. This makes it possible for individual providers to receive a credit decision within a few minutes.

In addition, other options such as flash processing or flash transfer are offered. These services can optionally be added to the short-term loan, for a fee, so that you get even faster access to the desired loan amount. It is mathematically possible, if the application is positive, that the short-term loan has already been paid into your account after 24 hours.

Short-term loan providers:

Experience with these short-term loan providers has shown that they work very reliably and quickly. With 2 of these providers, it is also possible to get a short-term loan despite a negative Credit Bureau. Inquiries from all 3 providers are free of charge and will not be deposited with Credit Bureau. So if you are looking for a short term loan, one of these 3 providers is the right choice for you. Would you like a loan with a higher loan amount and a longer-term, but which is quickly available. Then take a closer look at our lightning loan comparison.

Leave a Reply

Your email address will not be published. Required fields are marked *