Why smarter? Magnum Cash Advance claims their services to be smarter and easier than the numerous payday loan companies scattered all over US because of the following reasons:
- Their multiple and variable loan payments are more flexible
- 30% of the customer’s monthly pay is borrowed
- There are no hidden charges or any rollover fees unlike the others
- The application is private, fast and convenient
- Their loan rates are better than that of a flat rate loan
Magnum Cash Advance provides qualified applicants loan services, and in contrast to the several payday loans, a short-term installment loan is being offered to the company’s customers. This type of loan offers a multiple but smaller amount of payment making the payback easier and prevents further extension of the loan.
In order to avail of the company’s service, one has to open first an online account where the customer will conduct his or her business with privacy and efficiency from his or her own office or home. The customer service of the company is available 24 hours everyday to provide answers to inquiries and give the customers access to their online accounts. The company utilizes SSL Security for the protection of information and identity and Teletrack to determine the creditworthiness of the loan applicants.
In order to qualify for a short-term installment loan, the following requirements must be met:
- Age of 21 years and older
- Employed for 3 months on a full-time job
- Net monthly income should amount up to $1000 or more
- Payment should be deposited through electronic means
An initial loan of 30$ monthly income is the amount that can be deposited into the bank account. To receive the funds after transfer, the following are the four ways to choose from:
- ACH™ Transfer
- Western Union™
- Wire Transfer
As for the loan repayment, Magnum Cash Advance allows its customers to pay the loan on multiple paydays, where the more extended the repayment is, the smaller payment will there be, a case where rollover fees are avoided and saving money won’t be that difficult to do. The amount to be paid is deducted automatically where there is no need for a check. For more information, check the Magnum Cash Advance official website.
Category: Payday Loan
