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Cash loan – The good and bad side of it

Cash loan – The good and bad side of it

Payday loan is a more commonly used term for a cash loan. This is a short term cash advance loan availed by borrowers as a stop-gap income until, their next payday. One’s eligibility for a cash loan is dependent on their previous payroll and employment records. The APR for a cash loan is much higher than a traditional loan, with 35-40% generally being the norm.
Top Ways to Get Quick Cash Loans

Top Ways to Get Quick Cash Loans

A cash loan is the easiest way for a borrower to obtain money for various purposes, such as paying medical bills and buying a vehicle. The loan agreement specifies funds disbursed to the borrower at an interest rate, any additional fees, and the repayment schedule. While some banks and financial institutions might have multiple criteria for securing a loan, some lenders might offer quick cash loans as high as $6,000 (about 109,900 MXN).

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