In today’s unpredictable times, things can go wrong in the blink of an eye. And when it entails a sudden, unexpected expense like a car repair or a busted utility or the need for new furniture, you need to be ready with funds. Now. Urgently. Immediately. Funds you don’t have.
You ask yourself where you could get Loans quickly? Online lenders seem to be your answer. But think again! Sure, they can give you some express money, right then and there. In person. Without asking too many questions. But here’s what you need to know.
Many paperless loans come with their own complexities and traps. On your next salary, you are required to pay the lender back the principal plus interest that works out to $21 for every $100 you borrow. Scale it to $1000 that you may need to borrow and suddenly you owe him $1210. Do you seriously envision yourself managing to come up with that kind of money in 14 days?
What Do People Usually Do?
You think perhaps if you take a second loan to cover the first one, you could pull yourself out of the crisis. But the truth is, you’ve begun a downward spiral towards financial ruin. Banks, of course, cannot give you express approval. They’re tied up in so many structures, bureaucracies and policies that the chances of them approving you are less than bleak.
You’re looking at more like 15-20 business days. And that too only if your credit is good. If your credit is bad or if you don’t have collateral, you may as well not bother applying for some cash.
What to Do and How Loan Away Can Help?
Loan Away is an online-only private lender helping individuals and families in Alberta, Ontario, British Columbia, and Newfoundland ably deal with ultimatums like Now and Urgently and Immediately. Ably and without future complications. Here’s how it works.
1. You fill out the online application here. Configurations built into the system make it possible for you to be pre-approved as you apply, provided of course, that your eligibility criteria are in order.
2. Your application is then taken up by online agents in real time and run through the advanced stages of the approval process. Unlike banks, a poor credit won’t be a hindrance. Your payback options can be flexed, stretched up to 36 months if you so choose. In as little as 4 hours you could be approved for up to $5000.
Subsequently, you can access your funds from your bank account in as little as 24 hours.