Most people prefer 3-month payday loans, which are sometimes called flexible payday loans. Unlike common ones, the 3-month payday loans are paid off over 3 consecutive months, upon equal installments at the end of each month. These loans are good for that you have a longer time to repay your loan.
These loans can be obtained much faster than bank loan products and/or installment loans. For getting connected with direct payday lenders online offering 3-month repayment terms, you can submit your loan request with an indication of the desired loan amount on the shinyloans.com, which will introduce direct lenders online participating in the network. Once your loan request is observed and approved, you will get your loan directly deposited into your bank account. Isn't that simple and cool?
Funding Cut-off Times of 3-Month Payday Loans
If your payday loan request is received and approved by 11:40 am EST, through Monday to Friday, your requested funds will be directly deposited into your bank account within the same day. While, if your payday loan request is submitted and approved after 11:40 am EST, through Monday to Friday, then get ready to accept your approved cash within the next business day. Additionally, if your request is submitted and get approved on weekends or national holidays, the funds' transfer will occur within the next business day.
The good news herein is that no traditional credit check used within your loan obtaining process. If you hold a bad credit profile, you are still eligible to request your online payday loan, and your loan request can still be considered for fast approval. Once your loan request is approved and funds appear on your bank account, you are free to spend your much-deserved cash in your preferable way.
Requirements for 3-Month Loans are Very Common
Make sure you comply with the very basic eligibility requirements set by direct payday lenders online and go ahead with your loan request form submission. The very basic requirements for getting 3-month payday loans are as follows:
- You must be at least 18 years old of age,
- You must be a U.S. resident,
- You must provide a proof of that you are employed and possess sufficient income,
- You must provide an open and active checking account,
- You must provide a valid email address.
Note that complying with each of the above-mentioned criteria is highly essential. Thus, make sure you fit those requirements and only then start filling in your online loan request. Once your request is duly submitted, the very short processing times will promptly get you to the relevant decision. Everything here is implemented quickly which ensures high convenience both for lenders and borrowers. The development of this lending approach has initially aimed to facilitate the transactions and deals between borrowers and lenders, and, consequently, this resulted in that these online loans have high approval rates.