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A Quick Guide To 6 Month Loans

Date Added: January 04, 2013 03:01:14 PM



Chances are you are already familiar with how 6 month payday loans work.  You know that these are short-term loans payable within two (2) weeks to one (1) month.  However, what you may not know about these loans is that you can enjoy up to three (6) months or 180 days of repayment schedule without incurring penalties or added fees and charges.

6 Months

Now you have an extended term of payment for your payday cash advances without worrying about accumulating additional interest and penalties.  All you need is to avail the 6 month payday cash advance loans.  These loans work similarly as your typical payday cash advance does.  The difference is the duration of payment terms and conditions.

Qualifications

It is also easy to qualify for these loans.  To become eligible, you need to have a permanent job that will show the lender your capacity to repay the loans.  Other requirements to qualify are as follows:  citizen with permanent residency in the country, valid current account that accepts direct deposit, age of 18 years old or above.

Credit History

You do not need to have a good credit history in order to qualify for the loan.  Although having a good reputation can pull down the cost of interest.  This is because the lenders skip credit investigation and only focus on your monthly income to determine your capacity to repay the loan.  In effect, your monthly salary serves as your guarantee, as you will enter into an auto-debit arrangement repayment scheme with your lender.

Online Application

To speed up application and transaction, the most convenient way to avail these loans is by using the internet.  You will come across several lenders online that are now offering their 6 month loans.  These lenders have their own interest rates, terms, and conditions.

If you wish to enjoy maximum benefits from payday loans, start by choosing your lender carefully.  Compare at least three (3) to see which among them can give you the most reasonable interest rate, and the best terms and conditions.