Benefits of the Loan
By availing the facility of payday loans guaranteed no fax, the borrower gets assured that he is going to get the requested loan amount, which shall be paid in his checking account after a day or two from the date of submission of the application.
There is no need of the fax and creditability check and other formalities as happening in traditional loans processing, with no assurance that the loan shall get sanctioned.
People prefer a guaranteed payday loan over traditional loans considering the cumbersome bottlenecks in processing.
Following are the features of guaranteed loan:
1. It is very fast in sanction and disbursement.
2. Borrower is required to furnish employment particulars of employment and checking account.
3. Submission of online loan request application.
4. Loan amount gets credited in checking account in 1 to 2 days maximum.
5. The loan amount ranges from $100 to $1000 maximum.
6. The guarantee loan has higher charging of interest.
7. In case of late payment of the loan amount it attracts high penalties.