But there is a better option than undergoing the disgrace of begging people for few dollars and that is quick online cash loans. These loans can allow instant access to the required sum of money. A person in need can apply for a payday loans in the morning at get his money by afternoon or even much faster. Even though it sounds too good to be true, but this is how payday advance work. These loans are immensely popular among the masses and people throughout the country take these loans to get rid of their monetary worries and troubles.

All of us in some point in our lives go through a situation where we get caught empty handed at a time when we most desperately need some handy bucks. In such troubled times people either look for financial aid from family members or seek some outside source for financial support.

Payday or cash till payday loans are easily available for an amount ranging from $100 to $1500 but with thousands of payday lenders out there, each offering different kinds of products or loan deals and services and hence the advance limitation varies from one Payday Company to another. However there is a uniform eligibility criterionthat can be met by almost every common citizen.

The borrower planning to apply for an instant cash advance must be at least 18 years or more, he or she must have a steady source of income, earning minimum $1000 a month, however many payday loan lenders are now offering loans to people earning up to $750 monthly. Also the candidate must hold USA nationality and a active checking account. Many lenders in the market have also introduced loans for people who don’t have a checking account. Such loans, generally known as saving deposit loans, enable the people who don’t have a running account to get their urgently needed cash through deposits in their saving account.

With the emergence of payday loans , a new era has begun in the money lending industry. These loans are most extensively used financial products available today which not only enable salaried people to get emergency advance at easy terms and condition but also help them repair their credit scores.

Payday Loans come with an interest rate which varies from lender to lender. This interest rate typically falls within the range of $20 to $30 on every $100 amount. But borrowers can find a cheap payday loan by using online payday loan solution providers who help in comparing the APR’s of many lenders and show the result of the most suitable lender for a borrower with specific needs.