Cheap Loans

Get Cash in Your Emergencies at Reasonable Rates

You need cash in dire emergencies and finding a suitable is tough at that time, to get the money you need someone reliable. Count on Snug Loans, we try to help distressed borrowers getting no-fax loans through reputed online moneylenders.

Why Choose Snug Loans?

Recession has badly affected our nation’s economy in the end. Millions of Americans, especially who belong to low and middle-income groups often faces unforeseen financial distress. They are not able to adjust with long term investments such as immovable properties. Few numbers of people could avoid the effects of recession and thus could survive. However, if you belong to the former group then it is obvious that you are facing difficulties in paying utility bills.

Therefore, if you are stuck in the situation, you may have to confront harder times. Since, traditional financial institutions like banks and credit unions will not pay you money easily and quickly. As a distressed borrower with low credit profile, have you ever given a thought to cheap payday loans? If you have a less than perfect credit score and if you want to take out cheap loans to fulfill your urgent financial requirement, you may choose Snug Loan. Snug-Loans can help you serve your purpose the best possible way. Payday Loan scams are common, but with Snug Loan by your side you never have to face any unwanted situation.

3 Easy Steps to Get A Loan with Snug Loans

Follow three simple steps besides furnishing some important paperwork such as income proof, age proof, and address proof to get cheap payday loans online.

  • Fill out a simple online application form
  • Submit it and wait for a while
  • Get your needed money deposited into your active bank account

Benefits of Cheap Loans

Some of the popular benefits of cheap payday loans are –

  • Easily available
  • Direct deposit of fast cash
  • Fax-free transaction
  • Less time-consuming documentation
  • Available in next business hour
  • Hassle-free transaction
  • No huge paperwork
  • Flexible repayment period
  • Loan amount ranges from 100 USD to 1000 USD
  • Low interest rates
  • Available 24×7

Representative APR Range

Snug Loans is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. It differs from state to state, but constantly monitored by the legislation in almost every part of the USA and that may include Dallas, Las Vegas, and Chicago APRs vary according to the information supplied by you in your loan request and your lender. You will be given the APR, loan fees, and other terms by your lender when redirect it to your loan agreement in the request process.

The APR on payday loans can range from 176% to 2,100% depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. [Keep in mind that APR range is not your finance charge, it is disclosed later]

APR calculation

Borrow $200 for 14 days with a $30 to $60 lender fee, the estimated APR will be 391.07% to 782.14%
Calculation: (lender fee / loan amount) x (amount of days in a year / duration of the loan) x 100
Low End of Range: ($30 / $200) * (365 days / 14 days) x 100 = 391.07%
High End of Range: ($60 / $200) * (365 days / 14 days) x 100 = 782.14%

Late Payment

Contact lender as soon as possible if unable to repay your loan on the scheduled repayment date. Your lender will set their own late payment fees following the state regulations. There are several ways to combat late payments on cheap loans, for further information contact your lender.

Implications of Non-Payment Financial Implications

Lender may charge late fees for non-payment as well as fees for non-sufficient funds. [Lender may charge you a $20 nonsufficient funds fee as well as 15% of the loan balance as a late fee.] Please review your loan agreement carefully to know about financial implications of non-payment before you provide the electronic signature.

Collection Practices

Snug Loans is not involved in debt collection. If you are late or miss a payment on your loan you must inform the lender immediately. If a payment is missed and you do not speak with your Lender, it is will be subject to collection in any possible situation. It is important for you to understand these terms and conditions, or discuss the process directly with your lender. Collections practices of lenders will be in accordance with the state or federal regulations.

Renewal Policy

  • Automatically renew your emergency if they become your past dues
  • Check with your loan agreement for your lender’s policy on automatic loan renewal
  • For renewing your loan, you have to pay additional charges and the minimum term will be 15 days as determined by your lender
  • Lender may offer you other options in addition to renewal
  • You get to repay your loan over time in a series of installments

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