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Some lenders will automatically debit your bank account once the loan becomes due. How does someone qualify for a payday loan. To qualify for a payday loan, most states require you to be 18 or older.
You also need to have a valid phone number, and you need to be able to provide proof of employment. An active checking account is usually required if you want to qualify for a payday loan, but some lenders will issue loans if you can provide proof of a savings account. Finally, some lenders require a social security number.
What is a payday loan. A payday loan is one that is typically repaid with the borrower's next paycheck. These types of loans are also known as cash advances, and they aren't given out by banks, but tower federal personal loans by loan stores. These loans are among the most expensive types tower federal personal loans debt, and they come with interest rates that are much steeper than those offered with typical bank loans.
APR INFORMATION. Annual Percentage Rate (APR) is a measure of the cost of credit, expressed as a nominal yearly rate. It relates to the amount and timing of value received by the consumer to the amount and timing of payments made. We cannot guarantee any APR since we are not a lender ourselves. An APR can generally run between tower federal personal loans up to 35. Loan products general have a 2-month minimum repayment term and a 84-month maximum repayment term.
Before accepting a loan from a lender within our network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.
Repayment Terms. Loans include a minimum repayment plan of 2 months and a maximum repayment plan of 84 months. Before accepting a loan from a lender within tower federal personal loans network, please read the loan agreement carefully as the APR and repayment terms may differ from what is listed on this site.