What Are Online Cash Loans?
Efast cash loans or online cash advance loans are payday loans marketed online through emails, online search, references or even paid ads. You do not have to visit payday lending stores. Just search online for a company offering ecash loans, fill up some online forms which require personal information and sometimes checking account details for verification. Some companies may require that you fax to them documents such as drivers’ license, identity card, pay stub or employer’s details as well as a signed application. Usually, if all documents are in order, the loan is credited to your checking account within 24 hours. The repayment is due in 15-30 days, or on your next payday. Most companies charge $15-$30 per $100 for this period. This means that you have to write a post dated check for $115-$130, at the time of taking the loan. This is encashed by the lender on the due date.
