No telecheck cash advance is a special type of payday loan where the verification process is done online without even a phone call to verify the information you have provided while applying for the payday loan. It is because of such great features that this loan is the most hassle free way to obtain instant cash.
These short-term cash loans have emerged as a real boon for those who belong to lower or middle class family and whose only source of income is their fixed monthly salary. People with fixed monthly salary sometimes find themselves in a very difficult situation in the middle of the month. They may have to pay for some unexpected expenses when there is already a financial crisis. For example, it may be some unfortunate medical expenses, car repair expenses, home improvement bills, or just any other type of financial needs that are temporary but urgent. This is where the no telecheck cash advance can prove a great help for you.
How Much Amount Can Be Borrowed?
Different lenders have different sets of eligibility criteria. The maximum amount that you can borrow depends upon several factors, which may include the following.
How Much Interest Is Charged?
Interest may be a matter of concern for you when you know that the payday lenders usually charge interest at the rate of 200%-300% per annum. However, if you calculate the exact amount of interest that you have to pay, you will be glad to know that it is not more than just a couple of dollars. Since the due date for the no telecheck cash advance is the next payday, you actually have to pay the interest for as short a period as one or two weeks. Let me give you an example. Suppose, you borrow one thousand dollars on 22rd April and the due date is 2nd May when you get your paycheck. It means you have to pay the interest only for the ten days. Therefore, if the rate of interest is 200%, you only have to pay $54 as interest which is not a big amount keeping in view all other advantages of the loan.
Hassle Free Process
The process of application, verification, and approval for the no telecheck cash advance is completely hassle free. In most of the other loan types, from the time of application to approval, the lenders make plenty of phone calls to you, which is sometimes definitely very frustrating. The experience can be real awful if the approval takes a longer time. On the other hand, the best thing with the payday cash is that you do not have to receive or make any phone calls and still, you get instant approval.
Payday loans with no teletrack no telecheck do not look at your credit history so you get cash instantly within hours. Quick cash advances allow you to borrow money between $100 and $1000 without much hassle or complicated paperwork. Finding low interest pay day loans has never been easier to do in the Internet. Better still, you can find ones that require no faxing for application.