When we are in an urgent need of money, the safe bet is to approach a direct lender and not a middleman. However, it is hard to get loans easily at short notice even from the most popular banks. Thus, payday loans become the best choice in such situations where you can enjoy funds being approved within minutes from the online payday loans direct lenders in India. Before you apply for a small cash loan, do check if you are receiving the cash on the same day and via a payday loan direct lender.
A direct lender is a person, company etc. who is directly in charge of offering you loan, and you repay the same in designated repayment terms. The online payday loans direct lenders offer short term loans with an easy application process and instant approval of funding the amount. The repayment is finally made directly to the lender on the next payday.
This is in contrast to the companies who work as agents between direct lenders and borrowers. You first fill in an application there, and then they further send the information to the real lender. Once analysed and approved, the agent gets the information and communicates it to you. This obviously will take longer than dealing with a direct lender.
One of the major reasons to go with direct lenders is the hassle of dealing with just one company and getting your work done. This is not just less confusing but also ensures that the lender will not sell your personal information to any third party. This way, you can reduce the number of companies who have your personal information and are likely to spread it across. This especially gets safer when it comes to leakage of information like your bank account and contact details.
The next major benefit of connecting with a direct lender is that you need to pay only the interest rates as applied by the company. There is no additional cost you bear as a commission to the middlemen. Also, you can get the same with no extra time required for approval. Indirectly approaching lenders can take a huge number of days for approval.
With loanbaba.com, you will never have to bear issues related to dealing with multiple companies while availing a payday loan or small cash loan up to Rs. 50,000. This company is an online payday