It used to be a difficult task to get a short-term loan for whatever emergency or situation that arose. You had to take time from your day to make a trip to a bank, wait for a meeting with a loan officer, and convince them to loan you a small amount of money. With the availability of online banking and loan companies, obtaining a short-term loan can now happen in a matter of minutes from your own home.
Short term loans can come with a percentage rate higher than long-term loans, but the upside is you typically receive the cash within minutes. Short terms loans are available for people who need some credit rebuilding, or people with perfect credit. Even with bad credit, you can likely qualify for a short-term loan.
You can apply for short terms loans online with just a bit of information available on hand. Most loan companies will ask for proof of income, your social security information, address, and phone number. In most cases that’s the only information you need.
If you’re applying for an installment loan, expect low monthly payments that stretch until the loan (plus interest) are paid in full. Some companies that provide short terms loans online also provide payday cash advances. These are often quicker payout loans that you receive until your paycheck arrives. Then you settle up on your cash advance.
Both of these options often pay out within a day if not within hours (or minutes).
If you are interested in short terms loans online, you want to find a reputable company. Short-Term Loans, LLC., offers both short term loans and payday cash advances, and they have friendly customer service in brick-and-mortar locations should you have any concerns you’d like to address in person.