Cash Advance Involve No Paper Work And Faxing

Cash advance is short term loans having repayment duration in the range of 14 to 31 days. The due date is fixed keeping in view the next payday of the borrower. On the due date the loan amount is automatically deducted from the bank account. Loan term can be, however, extended by paying extra fees to the lender. Borrowers have to fulfill certain conditions for getting cash advance. The conditions that require to be fulfilled are: regularly employment for the last 6 months; regular residence since last 3 months; a current bank account which is at least 6 month old. Cash advance involve no paper work and faxing, which makes the processing faster. Also, absence of prior credit check makes these loans available to bad credit borrowers also.