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| financial institutions are come to help the people who | | | | amount is automatically withdrawn from your |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