1 Hour Payday Loan - Just Wait for an Hour for Cash to Arrive

1 Hour Payday Loan - Just Wait for an Hour for Cash to Arrive

by Mathew Kenny

1 hour payday loans are very fast loans endowed against your next payday. They are so named because of the availability of the cash within an hour. This fast availability has always been the main the reason for the vast popularity of these types of loan among the borrowers. faxless payday loans

In short, the need for these loans lie in the fact that we can be struck by financial crisis and having no other option left we have to go for a loan. And 1 hour cash loans will do just great in that case. These loans are unsecured types of loans meaning there is no need of any type of security and because of the absence of paper processing has made these loans hassle free and swift to obtain. No credit evaluation is followed with these loans enabling bad credit holders also to apply for such loans easily. faxless payday loans

Borrower has to fulfill certain criteria to be eligible for 1 hour payday loans. You must prove in front of the lender you are having a regular source of income for the last six months by providing him with your income statements. You may also need to produce your income tax return or bank pass book to prove your ability to repay the loaned amount. Lender may demand a letter from your boss stating that you have a good regular employment. Actually 1 hour payday loan are some sort of cash advance on your next payday. faxless payday loans

You can apply for these loans to secure an amount up to ?2000. The loaned money will be deducted from your account on the arrival of your payday. You may be charged with high interest rate which can be sometimes as high as 25% of the amount. faxless payday loans

Procedure

The only option to get the money transferred into your account fast is to go online. You have to fill in the application online with other required details such as your identity and employment proof. If every thing goes well, you will come to know within one hour whether your application is approved or not. If it is approved then money will be transferred to your account immediately. faxless payday loans