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Some only grant them to employees who have been employed for a certain amount of time. Others ask you to show that you need the money for an emergency expense. Sometimes, employers offer short-term, low-interest loans instead of advances.
If you cant get an advance from your boss, you can do the same thing through an app called Activehours. You just send in a picture of your time sheet to show how many hours youve worked. The company deposits your pay for those hours into your bank account, up to a maximum of 100 per day. Then when your paycheck comes in, Activehours takes the money its already paid you directly out of your account.
On the face of it, this looks a lot like a payday loan.
You may decide to move to the next step in you life, by buying a Car, or may be a good House, or start a new Business, or even to go for a world tour for your Wedding Anniversary. For these type of expenses, one cannot save money from his salary. Hence, you can borrow a Cash Loan from a Bank or any reputed Financial Institutes.
Out of all the types of loans, there are two types of loans which are popular. They are Short Term Loans popularly known as Payday Loansand Long Term Loans, popularly known as Personal Loans.
Payday Loans are nothing but small Cash Loans where you can payday loan places in san antonio texas cash up to R2500 to meet short term cash crunch and repay in couple of months.
On the other hand, by getting Personal Loansyou can borrow large amounts of cash and spend it for your requirements, such as, to buy your dream car, or new furniture, or to expand your business, or even for your Debt Consolidation.
Since Personal Loans are long term loans, your loan repayment period will be longer.