Of course, many lenders in the US require applicants to have an active checking account in their name in order to qualify for a loan, so opting for a prepaid card loan comes down to finding lenders that offer the service.
Payday Loans with Checking Account
If you’re an American checking account holder with more than three month’s banking history, you’re in luck. You already meet with one of the biggest eligibility requirements of most providers of payday loans USA – you can borrow money at Viva Payday Loans with relative ease!
There are a few reasons why lenders smile on applications that have a checking account handy. First and foremost, a checking account makes it quick and easy to verify your income and paints a pretty clear picture of whether or not you’ll afford the payments. Verifying your cash flow and looking at how much money you spend, will also give risk assessors a clearer idea of what type of borrower you are. The lender can see how much you earn, what date your funds come into your account and set up a direct automatic debit to whisk your loan installment straight off your bank account when it’s due.
If you’ve got a checking account, you can borrow money online at Viva Payday Loans. If you meet the other minimum requirements, you can borrow anything from $200 to $5,000 with loan repayment terms of 2 to 24 months. As with most of our instant payday loans, the interest rate varies from 5.99% to 35.9%.
Payday Loan Apps
Viva Payday Loans is within the apps that loan you money, as you can submit your loan application to several lenders using only your mobile phone.
By now, you’re probably picking up on the fact that many of the loans at Viva Payday Loans are similar in many ways. Here’s a quick look at the features of the payday loans online we assist with.
Flexible, Affordable Loan Amounts
What’s the point of taking out a loan if you can’t afford to repay web link it? That’s just looking for trouble. To make it easier for our borrowers, we only offer quick cash loans ranging from $100 to $5,000. Of course, it varies from lender to lender, but we will do our best to match you with a lender that can service your unique loan request. We always recommend only borrowing what you need, even though it can be tempting to take a chance and apply for the highest possible amount.
Paying the Money Back
The most inconvenient part of taking out a loan is paying it back, but if you’ve planned your finances well and were responsible when you selected your loan amount and terms, you should find it an easy task. The payday loans online that our panel of lenders offers come with terms of 2 to 24 months. Of course, paying the loan off quicker means that you pay less in accrued interest.
Frequency of Repayments
When you’re in the throes of coming to a loan agreement with a lender, they will speak about a repayment schedule. This is when you will pay the loan back. If you’re taking out a substantial amount, you will need several months to pay, and if you’re taking out a small amount, you may need just a few weeks. The lender will offer your payment frequencies of weekly, fortnightly, and monthly to choose between. Choose a schedule that fits with your earnings.
Interest is a touchy subject for many borrowers, but you will find that many of the lenders we work with like to keep their interest rates reasonable. In general, the rates range from 5.99% to %. Always ask about additional fees on your account, including the origination, penalties for early and late payments, and early exit fee.