How
many times have you tried for a lending option and waited for weeks? How many
times have you faced monetary crunches in mid month? Well, I know answer “so
many times, in fact they are most common these days”, isn’t that true? *Deep
breathe*
And
that’s true too! Monetary hiccups are being a common phenomenon these days due
to instability of financial market. But now it’s time to end your woes and
worries as mobile phone text loans are
here for quick relief!
Loans By Mobile SMS |
Mobile
text loans or mobile phone loans as
the name reflects easily are those financing options which you can apply for
via your phone. It’s a quick financing option, involving least formalities,
smooth processing and easy to cater to conditions. You need not to wait for
days or even weeks for the desired money to come in your account as it bags
money from lenders in less than a few hours’ time frame.
Formalities involved in mobile phone loans:
Unlike
those sleazy, complex loans you avail from traditional money lenders or bag
from high-street lending firms, loans via mobile phone are easy to avail. There
are no heaps of formalities or a mountain of conditions to climb upon. Isn’t
that cool? With no pesky paperwork, documentation or unwanted conditions
involved, getting finances are really a breeze. You just have to enroll first
and get registered on your desired lender’s site so as to proceed with the
application.
Registration:
For
registration on a lender’s site, you need to find a form, and fill in it your
credentials including name, address, email id, salary details, bank account
details and other information. Once after the details have been filled, submit
the form on lender’s site.
Money
lending firms, after getting the form will take a few minutes for verification
process. They will match every detail for their own confirmation and if being
satisfied will register you on their site. As soon as registration has been
done, you are given a text message carrying a PIN code. As you get the message,
you have to reply back for verification of your PIN automatically. Now this PIN
code has to be used again and again in conditions you call for quick cash.
You
have to send a message to your lender with the PIN code and amount of cash.
Within a few minutes the lender will transfer the amount you need in your
account. The
whole process is so easy that it would take just a few hours to get done!
Interest rate: In
mobile text loans if there is something to paid attention to, then it’s the
interest rate. As you avail cash for a short period anywhere for one week or
two, and that too with no security involved, lenders charge a bit higher
interest. For 100 pounds borrowing you’re supposed to shell out about 125 or
130 pounds and in cases above during repayment. So, it’s advised to take out
this loan only in that condition when there is no other way left in hand or the
condition is very critical. Look
for loan quotes from money lenders, match them and shop around for better
deals.
No comments:
Post a Comment