5 Reasons Why You May Need a Short-Term Loan

5 Reasons Why You May Need a Short-Term Loan

A short-term loan is a great option to help you deal with unexpected expenses if you have already depleted your savings and emergency funds. Here are some reasons why you may want to consider our ACCESS LOANS™ loan product.

Fast Relief

The approval process is fast. There is no need for you to go through a complicated application. In fact, you can get approved for a loan after completing three easy steps. In most cases, you get the money your need in a week or less. You may even get the funds directly deposited into your bank account. If you qualify, you may even get same-day funding.

Transparent Help

Unlike other lenders, we do not charge pre-payment fees. That means, you will be getting the amount you are borrowing. There are no hidden charges.

You also do not need to worry about the payment setup. We can help you set up your repayment schedule. Our team can guide you to the allotment process to make payments directly through your payroll.

Straightforward Process

As stated earlier, the application process is simple. You can easily complete the form online and can even apply from any device. You do not need to provide any collateral to get approved. All you need to submit for our review and approval are your identification documents. Is this true? I thought that we review the bank statement information. If so, then this statement is misleading.

Affordable and Fixed Interest Rates

High interest rates make it harder for individuals to pay off their debt. That is why it is important to find loans with affordable interest rates. However, you should also consider whether the rates are fixed or compounding. If they are compounding, you may end up paying so much more.

Our ACCESS LOANS products offer affordable and fixed interest rates.

Help Build Your Credit History

What makes these loan programs ideal is that they do not affect your FICO credit score. You do not need to worry about a negative impact on your credit history when you apply.

In fact, paying your loan on a timely basis can even help build your credit history. That is because we report your payments to the top three credit bureaus. These are TransUnion, Experian, and Equifax. While they have different reporting methods, they analyze credit reports to determine your creditworthiness.

Since your payments are affordable, it is much easier for you to successfully pay off your debt. Thus, boosting your credit score.

If you want to know more about employee loans, contact us.

Did you enjoy this blog? Please review us to help us improve and spread the word. We appreciate your feedback – CLICK HERE ⭐⭐⭐⭐⭐

Related Articles

How To Save Money When Living Paycheck To Paycheck

Financial Hardships? How Employee Loan Programs Can Help

NOTICE: This communication and its content are for educational and informative purposes only and should not be used as the basis for any investment decision. The information contained herein is based on publicly available sources believed to be reliable but not a representation, expressed or implied, as to its accuracy, completeness or correctness and it is not a replacement for the guidance or professional advice of an accountant, certified financial advisor, or otherwise qualified professional. No information available through this communication is intended or should be construed as any advice, recommendation, or endorsement from us as to any legal, tax, investment, or other matters.

Nothing in this communication shall be considered a solicitation or offer to buy or sell any security, future, option, or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this communication constitutes investment advice or offers any opinion with respect to the suitability of any security. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient.  We recommend that you never provide a third party with names, account numbers, or other sensitive information unless you are certain that it has a legitimate business purpose.

* ACCESS LOANS™ products are funded and serviced by Safra National Bank of New York (“SNBNY”).