When unexpected bills arise, short term loans can help you get back on your feet. Short term loans are becoming more popular than the traditional long term loans because they are fast, easy and can be applied for online. This may sound ideal, but you may be wondering who exactly is eligible for an online cash loan? At Short Term Loans, almost anyone can receive a rate in minutes.
Employment
First, you must be currently employed or receiving other regular income. This gross income must be at least $1,000 per month, whether you get paid hourly or by salary. The requirement helps establish a healthy bank account and confirms you have the cash flow to make your short term loan obligations. You can prove this by uploading your most recent pay stub online.
Age
To receive a short term loan, you must be 18 years of age. In the eyes of the law, a person is considered a minor until they are 18. Therefore, a lender will not grant loans to anyone who is not a legal adult, because they have no legal obligation to repay them.
Checking Account
Lastly, to receive an online cash loan you must have a checking account. This is the account your loan will be deposited into. Once your application is approved, your cash will be deposited into your account as early as the next business day.
With Short Term Loans, qualifying is easy and stress-free. Having bad credit will not prevent you from getting cash when you need it. Apply to get your online cash loan now.
