Months feel shorter when your expenses exceed, and the wait for your payday looks like a long one then. “Making ends meet” is possibly the adage that originated with the basic urge to make the end of one month meet the start of another one, without financial obstacles.
Striving to go on from one payday to another is all what adulthood is about. And more often, you find yourself being at quite a fix, because finding that exact balance between your income and your expenses is not easy. There are months that come with emergency expenses which may ruin your monthly structure, and there is nothing you can do about it.
That is when people go for a payday loans.
Essentially, a payday loan is a type of short-term borrowing where the lenders offer the borrower a high interest credit on the basis of their income and their credit profiles. In short, one could consider it to be a mini-payday before the actual payday.
The principal amount of the payday loan is basically a chunk of the borrower’s next pay check. But the downside to these loans is the high interest rates they come with a very high interest rate.
Payday loans have quite a bad name as they are also termed as predatory loans. This is solely because of the high interest rates and added provisions to these loans that come with additional charges.
And in spite of that bad a reputation, when shortage of funds knocks on your door and getting a loan seems like a long and endlessly futile option, you would find yourself typing “payday loans near me” in the search bar of your device.
But just like every loan out there, are you eligible to get a payday loan? If you did not know of what would qualify you to get a payday loan, here’s what would:
The approval of a payday loan is quick, as you would get it within a single day. However, the interest rates rain on the benefits that comes with this kind of a loan. And though it may be a quick fix to your predicament; in the long-run, it harms more than you would have estimated it to.
Get with it, with MoneyView. This is where your mid-month money woes come to a permanent end. With MoneyView by your side, running out of funds is never a problem. Quick and convenient loans at your disposal, you would no longer have to burden yourself with loans that heavy interest just for having adequate funds that sail you to the end of the month comfortably.
Getting a loan with MoneyView comes with something a lot of public or private financiers may not offer – comfort. The features that we provide make it comfortable for you to get and even repay your loans. Some of our key features are as follows:
Opting for a payday loan may not be the wisest option, unless you get one from MoneyView. Minus all the hassle and the pressures it would get you later, getting a loan from MoneyView enables you to make ends meet and breathe, too.
A payday loan is a high-interest, short-term loan that must be repaid when the borrower receives his/her salary next. Since the loan is only for a short period of time, lenders usually charge high-interest rates. Payday loans carry a high risk as not repaying will lead to heavy debt.
Payday loans get their name from the practice of borrowers repaying the loan and the interest upon receiving their next paycheck.
With a payday loan, a lender will issue a high-interest loan based on your salary for a short period of time. The principal amount is usually a portion of the borrower’s monthly income. Payday loans have high-interest rates since they are used for short-term, urgent credit.
Several lenders, offline and online, offer payday loans in India. It is legal and the demand for payday loans is soaring in current economic conditions.
Payday loans benefit borrowers looking for instant credit with minimal paperwork.
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