We’ve all been in a situation where our cash isn’t enough to get us through the week or the end of the month. Before, you had to borrow money from a friend and pay them back when you get paid. Now, you can simply download Payday Loans & Money Advance and borrow money instantly. Let’s take a look and see what the app offers.
What is Payday & Money Advance?
PLMA is an app where you can get payday loans. A payday loan is a short-term advance loan, also known as a payday cash advance or money advance. In simpler terms, users can borrow money quickly and pay it back within a short time period.
An online payday loan holds several advantages compared to requesting a loan from a financial institution, such as a bank. The turnaround time is much faster, which means you gain access to the money you need quickly. Plus, some people with bad credit can apply for a payday loan and reapply as long as they fulfill the terms and pay back the money within the agreed time.
Payday & Money Advance Features
Fast and Simple
Payday & Money Advance isn’t a lending company per se- they connect you to lenders who are willing to provide loans that should be paid back in 60 days or so. Lending conditions may vary depending on factors, and you get important details such as APR and repayment terms before signing the contract.
Filling out a form is easy and only takes a few minutes. You will be required to enter your personal and financial information, plus the amount you’d like to borrow. Hit submit, and the app will find a suitable lender and then they will make a decision. Upon approval, the money will be sent to your bank account within 24 hours. PLMA does not charge loan fees for matching borrowers with creditors.
All the loan process is done via app, and if you have an internet connection you can apply for a payday loan right in the comfort of your own home. There’s also no closing time to speak of so you can apply anytime you want.