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Cash Loans Before Payday

04/06/2012 14:02
The last variation of payday loans is represented by Sonic payday loans, named this way after the name of the website of a lender offering payday loans. Similar products are offered by many lenders: unsecured short term loans, where the entire process is done electronically.

Getting such a loan is very easy: once the online form has been filled in with accurate information, the data is being encrypted and then the loan receives approval. There is no need to fax any documents and there is no credit check done. A confirmation email is received after the loan has received approval and afterwards the money is delivered into the bank account in the same day.

In order to qualify for such a loan, the following conditions need to be fulfilled: the borrower has to be more than 18 years old and he has to have been employed for the last three months with a steady income of at least $1200. He also needs to have an active bank account (this must have been active for three months at least) and no insufficient funds checks waiting.

This type of loans is being offered by many lenders the amount of money that can be obtained (usually up to $1500) differs a lot and so do the interest rates. In order to obtain the best deal on the market one must compare different lenders and always work with a legitimate one. Once the perfect lender has been found, the money can be obtained in no time with little effort and no hassles.

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