What is a Payday Loan?
A payday loan is a personal loan obtained from a cash advance service that lends borrowers money without them having to complete a credit check. Payday loans must be paid in full by the due date but they are a convenient way for people who are short on cash to receive a cash advance from their next payroll check.
Most reputable payday loans are paid in cash so that money can be obtained instantly. Unlike a bank, there are no hoops to jump through when applying for a pay day loan, and no collateral or down payments are not required.
Trusted, Reputable, Crawfort Pte Ltd
There are many payday, or personal loan providers available and before signing an agreement to obtain such a loan, you should find a reputable provider like Crawfort Pte Ltd who will walk you through the process and explain to you your options. With most payday loans, a personal check is held until the money is paid, and this secures the payday loan in the event of default.
At Crawfort Pte Ltd, we realize that things happen and unforeseen events leaving you short on cash do happen. We want you to know that through careful budgeting of your money and proper income and expenditure planning, you can avoid needing a personal loan. But when you do need extra cash for emergencies or to tide you over until payday, the friendly team at Crawfort Pte Ltd is here to help.
How to Obtain a Payday Loan
If you can prove that you have a secure job or a residual income coming in every month, you can qualify for a payday loan with us. Once you provide the proper contact information and a blank post-dated check, your application will be processed. Then, cash is delivered on the spot to borrowers to spend as they please. The money is due per the loan agreement on the specified date and should be paid in cash, and, at that time, the blank check will be returned to the borrower.
Payday Loans are Fast
Most personal loans can be obtained in 1 business day if the loan application is complete and accurate and the borrower can expect to go home that day with the borrowed money. Most payday loans have to be paid back when borrowers get their paycheck, which is generally every 7 to 14 days. There are fees that are instantly taken out of the cash dispersed at the time of the loan origination...