There are two different types of emergencies, the emergency where you can wait a few days to resolve the issue, and the emergency where you need to resolve the issue in the next 24 hours or you are in trouble! You might feel as if you are completely stuck now, but the good news is that you are not because you can apply for a cash loan in an hour Philippines and have the money available quicker than you can blink. Here are the steps you will need to follow.
Getting the Money you Need Now with Cash Loans in an Hour Services
So what is a cash loan in an hour Philippines? This is your best friend! Basically, there are companies who will lend you the money that you need within an hour. Unlike traditional bank credits the process is simple and uncomplicated, all you have to do is prove that you can repay the money and you are good to go.
What is the Lending Criteria
The lending criteria for a quick cash is not strict at all, and you wont need to jump through the same hoops you would when applying for an amount with a traditional bank. Most lending institutions that offer this type of loan only require that you are 18 years old and you have a regular and steady income. A quick cash loan is not a large amount of money, repayments are not made in instalments and you typically have to pay back the full amount on your next pay day. In most cases, you will only be approved to take out a loan of an amount that equals your monthly pay check. You will need to provide proof of income in the form of payslips or bank statements, and you will also need to provide proof of your identity, a passport or a driving license. The company will give you an email address to scan and send this information to.
What is the Process with Cash Loans in an Hour in the Philippines?
Once the issuing company has received the relevant documents and your identity and employment have been verified, the loan is transferred to your account within an hour. You can then withdraw the funds and take care of your emergency situation. It is important to note that you should pay back the full loan amount on your next pay day, so it is essential that you have the funds available.
Last but not least, the application process is simple, and you don’t need to go through the strict procedure that you would with a traditional bank, it is crucial that you pay back the money on the agreed date, if not your credit will be affected and this will prevent you from getting any credit in the future. If you are unable to repay the loan, contact the lending company and arrange to make payments in instalments.