Paydayr is a quick and free way to get a loan in as little as 60 seconds.
How it works: Simply complete one brief application, online or by phone, and lenders nationwide compete to offer you a loan. It’s that easy!
Small Personal Loans Made Quick and Easy
Getting a personal loan online is not only quicker and more convenient than working with a big bank, but applying through a network of active lenders offers you more options than ever before. A personal loan can be for anything from a few hundred dollars, to cover bills until your next payday, or several thousand dollars to pay for things like home improvements, car repairs or consolidating debts.
Many times in life, situations arise that require obtaining a loan to pay for an expense, whether expected or otherwise. Medical bills, home improvements or money for college are just some examples that call for a quick personal loan. As traditional lenders such as banks have made it harder to get personal loans with the tightening of their credit standards, more people are turning to online lenders to obtain personal loans.
Among the biggest advantages to applying for a personal loan online are that an applicant’s credit rarely needs to be checked and the application can be completed in as little as 60 seconds. Loan amounts can range from $100 up to $25, 000 or more, and can be paid back in either lump sums for smaller loans or in monthly installments for larger amounts. Personal loans are also approved very quickly, usually in a matter of minutes. Once approved, the funds are deposited into your bank account. Most personal loans are deposited to the borrower’s bank account within 24 hours of acceptance, so you can expect to have your money by the next business day.
The amount and term of a personal loan will determine the fees and payment schedule. In the case of a smaller personal loan, usually up to $1, 000, the loan will be repaid with a fixed fee, within a short period of a few weeks. For larger, longer-term loans, repayment of the principal amount and the fee will be made in small installments over the course of several months, or even years, dependent upon the size of the loan. Though smaller personal loans bare a higher interest rate, due to their fixed-fee, short-term, nature, the average interest rate, or APR, decreases significantly with larger, longer-term personal loans.
Interesting facts
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In finance, unsecured debt refers to any type of debt or general obligation that is not collateralised by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.
In the event of the bankruptcy of the borrower, the unsecured creditors will have a general claim on the assets...
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