4 Simple steps to get Payday Loan processing

1Basic Details
2 Verify
3 Loan Details
4 Personal Details

Rupeelend is committed to protecting its customers’ privacy and security. Through this privacy policy we explain how we collect and share information. We also identify the source from where we gather non-public personal information related to you. Read Privacy Policy

Payday Loans

 

It is an excellent financing option to meet short-term requirements, but people are not aware of them.  These Pay Day Loans can be availed from Financers or Lending Websites. Before applying for a company, if possible, check about the company from any existing borrower. If you do not have any such reference, start with a lower sum first. If you find they are working suitable, then you can go for larger amounts as well. One of the best things about payday loans is that you can now get the loans approved instantly. You no longer need to wait for weeks before your loan is approved and this makes it easy and convenient for you to opt in for a loan even at the last minute

 

Advantages and Disadvantages of Pay Day Loans

 

All around the world, people use various sources of borrowings to meets their financial needs. One such urgent source of funds is Pay Day Loans. Concerning fact for us Indians is that clichéd thought where Landlords or the old Lenders used to haunt the borrowers, even brutally asking to pay back the money way before the due time at astronomical interest rates. That is the implanted thought of Bollywood dramas. Moreover, ever since, globally, many verified and trusted Lenders have emerged to be a helping hand for borrowers
However, as there are two sides of a coin, similarly there are some advantages as well as disadvantages of payday loans. Let’s have a look at them: -

 

Advantages:

 

  1. The fast Source of Money: Pay Day Loans are quick to apply, receive and pay back. Often you would get the money within a few minutes. If you need some extra money for different work or emergency, this popular form of Cash Loan comes in handy.
  1. May even be Savers: Pay Day Loans save you from bank overdrafts, bounced checks and credit card usage that result in very high charges and fees. So taking care of your bills with payday loans saves you from avoidable extra charges. Profitable deal? Absolutely.

 

  1. No Need of a Credit Report: If your credit report is adverse or even non-existent, this cash loan is still available to you in all scenarios. You just need to show just valid id proof and some post dated cheques.

 

  1. Allow you to be independent: You can apply for Payday Loans after you are 18 years old. You can take care of your urgent personal expenses can be in charge of your finances.

 

Disadvantages:

 

  1. Applying clauses need attention: While you are choosing the lender, pay close attention to the agreement. Interest rates can be as high as 35%. So not paying might lead to multiplying the principle payment. So exercise awareness while signing up for any Cash Loan.
  1. Fewer repayment days: Generally, the repayment period is very less. These loans are not preferred for longer durations. Hence, Pay Day Loan is also popularly known as a Short Term Loan or more specifically as Monthly Loan (30 Days) and Daily Loan (1 Day) according to their repayment duration.

In spite of numerous informal promises, the Lenders will not entertain your request of borrowing money, unless you have a job or receive a regular paycheck. Always carefully study the terms and conditions mentioned in the agreement before committing to a Pay Day Loan. This might seem tedious to you but can save you from much potential trouble.


Payday Loan in India

 

Rupeelend excels in providing payday loan and payday loan in India.

The concept of payday loans is not new, however India was one of the few countries that didn’t have companies to provide them with payday loans until now. Rupeelend is the first company to introduce payday loans to India and if you’re wondering what’s so unique about payday loans, then prepare yourself for a whole new definition to quick loans.

Rupeelend is a digital finance organization setup in 2015. Rupeelend, pioneer of digital finance for short term is currently operating in Delhi NCR, Mumbai, Navi Mumbai, Bangalore, Chennai and Hyderabad.


How to Apply

 

Payday loans are easy to apply and you don’t need to worry about multiple formalities since the company handles it all. The best part about payday loans is that it is a short term loan and once you have the money ready to pay it back you don’t have to wait. This loan can be paid back within a few days or weeks depending on the emergency and requirement. If you thought that the interest rates were high, try comparing it to any other personal loan and you will soon figure out that this is the most cost effective loan that you can opt in for.

1) You may avail quick loan service by directly visiting at Rupeelend.com
2) Download our Mobile Application from Google app store.
3) Submit your details below so that our representative can assist you

 

Go to top and Apply Now!