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Internet has made it easy for people to get cash advance loan instantly. The most alluring feature of cash advance loan is that they are certainly easy to gain approval and funds can be got on the same day. In addition, these are overly costly short term loans.

Cash advance customers get a chance to complete all the process like applying, document, paperwork submission, agreement signing, and even get funds deposit in their bank account conveniently from the internet. When you need instant cash during odd hours when bank is not open you can take help from online lenders.

Paperless application

If you reside in Canada then visit Captain Cash website to gain rapid access to short term loan. They offer paperless application, which includes an e-sign and view-only entrée to your bank account for instant verification. You get approved without offering several documents.

You may be worried about providing such sensitive information for verification but Captain Cash claims that their system was specially intended to improve customer’s privacy and security.

Your banks user ID and password get transferred securely to your bank. It allows to submit an online read-only copy of 90 day bank statement, which is viewed by their team, so as to make a quick decision for loan approval without paperwork. With this facility, you can claim your $500 now with Captain Cash.

Pre-requisites for advance cash loans

Majority of payday lenders use the following criteria for cahs loan application approval.

  • Steady job
  • Canadian citizen
  • 18 years of age [minimum]
  • Canadian bank account holder
  • Monthly earnings over $1200
  • No undischarged bankruptcy
  • Low shot-term loan ratio [other active loans]

If the above pre-requisites are fulfilled, then applicant is qualified for loan approval. The funds get wired in your bank account on the same day in a few hours.

Precautions to follow

Payday loans or same day cash loans need to be treated as short-term loans with high rate of interest. Therefore pay it before due date or the moment you get your next month paycheck. These kinds of loans need to be taken only if there are no other options.

Never over-borrow and even ensure that there is sufficient funds in your monthly pay package to reimburse the total loan on-time. Or else, the lender will charge you late payment fees, therefore read the T&Cs prior signing loan contract.

Compare payday lenders

Shop around to find the best cash advance loan deals. Compare the offers of different payday lenders. Online has made shopping around and comparing an easy task. Eveyr lender differs. It depends on the loan amount you need, where you reside, and even your credit score. Find a lender that suits your financial needs.

Steve Campbell

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