However, the applicant must be drawing a fixed monthly salary from the current job that he or she must be in for past at least six months. Such people should also be having a bank checking account that is active for past few months at least.
There are two main features associated with no credit check unsecured loans. First the loan amount comes within 24 hours in the borrowers? bank checking account as its approval is usually instant. Secondly, the applicants are not subjected to any credit checks. What this implies is that even bad or poor credit history of the applicant is not at all an impediment in the way of the timely loan. One can say that the loan is also an opportunity for improving your rating in the coming days.
Under these loans, you can borrow 100 to 1500 for 14 days, without providing anything for security. So, you have little risks in borrowing the money. But you can take the loan against a post-dated cheque of the loaned amount plus its interest charges. Be informed that the interest rate is usually high for very short period, until your next payday, when you will be repaying the loan. If you rollover it for couple of weeks, the interest rate will be hiked.
Hence, it is crucial to find out no credit check unsecured loans at competitive rates by browsing the internet. On certain conditions, these loans are also made at comparatively lower rates. Repay the loan on time without missing the due date in order to escape from penalties.
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