In the course of reporting a story earlier this year, I logged on business loans with no personal credit a site called eTaxLoan. com and filled out an application. I asked for 500 and, to be safe, I made up an address, a name (Mary) and a Social Security number.
The site asked for more sensitive stuff - a bank account number and a routing number - and I made that up, too. In spite of the made-up information, in less than a minute, I got a response. "Congratulations. Tremont Lending has been selected as your lender and you have been pre-approved for a loan up to 750.
" If I wanted to borrow 750 for a week, I would have had to pay 225 in interest. The site said that was an annual percentage rate of more than 1,300 percent.
The repayment amount is based on the variables selected, is subject to our assessment and suitability, and other important terms and conditions apply. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. QUICK CASH LOANS. Need Short Term Fast Cash. Get Loan Amounts Up To 8,000. LoanOne Fast, affordable and hassle-free online cash loans.
Find out what our customers are saying. Here's what a loan might look like. Here's what a small loan might look like. You're after a loan for 1,000 for medical or dental bills. Your are looking to repay the loan back after 6 months and are happy to make fortnightly payments.
Here's what a medium loan might look like. You're after a loan for car repairs for 2,500 and are looking to make payments back on a weekly basis over 2 years. Small Loan Example. 13 X Repayments 110.