Short term loans are becoming increasingly more popular due to the fact that they are relatively easy to obtain. In fact, modern technology has made these loans even easier to obtain. By working with captaincash, one can enjoy a paperless transaction thanks to the cash flow analysis technology used. This is a very unique service that allows one to complete the loan process without providing a single document. It uses an e-signature and instant verification process that is unmatched. The applicant will give them a secure view-only access to their active bank account and they will not be required to provide a series of documents. This is a very quick and easy process. The instant verification process allows the lender to verify your identity. It also negates the need for you to send bank statements by fax. This particular process will provide the applicant with privacy, speed, convenience and security. There are no credit checks required to become approved for a loan.
There are some specific requirements that do need to be met in order to be considered for this type of loan. One must be at least 18 years of age or older. A monthly income of at least $1200.00 that is received by direct deposit is required. The applicant must be a Canadian citizen and have a stable job with at least 3 months of employment. One must also have an active Canadian bank account where their employer direct deposits their pay. One should also have a low short term debt ration. Those are the basic qualifications that need to be met in order to gain approval. Many prefer to work with captaincash because they offer such a painless loan process.
In most cases, the money will be deposited into the account on the same day that the application is received. Three months is the minimum length for the loan to be repaid. This is helpful because it means that the payments will be smaller and more manageable.
When working with captain cash, one can choose to apply for the loan online or over the phone. Their payday loan alternative is very popular because the terms are quite simple and clear cut. More and more people are choosing this option because they use cash flow analysis technology that allows them to approve the loan in a paperless manner. There are no credit checks and this is something else that attracts many applicants. It is definitely a loan that makes more sense.