| At times, you have requirement of funds | | | | to submit current account number along with |
| urgently and no asset to keep as collateral | | | | post-dated cheque and proof of employment to |
| or not interested in involving collateral. In | | | | the lender. After the agreement the amount is |
| this particular situation, you have no any | | | | directly deposited in the borrower's account |
| option except taking loans. Now-a-days | | | | in matter of hours generally 1-2 hours. And |
| financial institutions are come to help the | | | | after payday the loan amount is automatically |
| people who are in that situation, by | | | | withdrawn from your account. So the |
| providing same day unsecured loans. Moreover | | | | post-dated cheque should match the due date. |
| it will be approved within least time that | | | | Generally same day unsecured loans will have |
| possible, usually it is within 24 hours. | | | | a little bit higher interest rates. For this |
| | | | loan sanctioning your credit score is not |
| As the name suggests the same day unsecured | | | | taken into account. |
| loans are sanctioned on the same day when you | | | | |
| apply. Same day unsecured loan, one can be | | | | The amount of loan can be anything in range |
| availed without placing asset as collateral | | | | of ¤1,000 - ¤25,000 depending upon your |
| and therefore is risk free for the borrower. | | | | salary. Repay time period is from 1 day to 30 |
| It also means that tenant or non homeowner | | | | days usually up to next payday. The interest |
| also can apply for fast unsecured personal | | | | will be certain percentage of amount we |
| loan without worrying about placing an asset | | | | borrow usually it is 20%, and some lender go |
| as security. | | | | for rate ranging 15-25% APR. In case of |
| | | | failure of repayment by any reason it is very |
| Features and figures | | | | expensive and APRs will shoot up and if you |
| | | | continue to roll over, you could even be |
| To avail same day unsecured loans, you need | | | | headed for debt crisis. |