Daily Archives: March 8, 2013

Pay Day Loans – Quickest and Easiest Way of getting immediate Cash in Markham

If you are living in Markham Ontario and looking for a short- term loan to cover your urgent financial needs, one of the excellent options available is the payday loan or the payday advance. Using this payday advance, you can manage your unforeseen expenses in the form of medical treatment for one of your family members or the need to travel immediately with the family. This is one of the quickest ways of borrowing cash in Markham. As the entire process of applying for the payday loan happens over the Internet, you would be able to get immediate access to the badly needed cash. In order to be eligible for this payday loan, you need to have a bank account and your salary should be credited on a monthly basis to this bank account.

Once you submit the online application, the requested amount will be credited to your bank account on the very next day. The process is quick as the payday loan provider doesn’t require any documentation from your side and you would be able to access your cash instantly. As with any other loan, payday loans charge interest. In Markham, and all of Ontario for that matter, you will typically pay 21% as that is the maximum allowed. You have to repay the entire amount within the stipulated period. This period varies from provider to provider. Since it is a short- term loan, repayment period usually ranges from two weeks to a month. As part of the online loan application process, you have to provide your personal details, bank details and the employment details. As it is a short- term loan, you need to use it for your short- term requirements.