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$300 Payday Loans
300 dollar payday loans are same-day cash loans and are perfect for short-term emergencies. You can apply today and get the funds of $100, $200, or $300 within 10 minutes. Your approved loan amount will be directly transferred to your bank account on the same day.
What are $300 Payday Loans?
As the name indicates, payday loans for 300 dollars are a form of borrowing especially during emergencies. Such types of guaranteed approval payday loans have to pay back usually on your next payday or when you have money in your bank account.
According to NBC NEWS “There Are More Payday Lenders in the U.S. than McDonald’s” clearly shows the demand and popularity of payday loans.
However, most people choose a $300 payday loan direct lender online because of the easy application and get funded within 10-15 minutes.
Unlike regular bank loans, you don’t need to indulge yourself in heavy paperwork tasks and don’t need to visit the lender’s physical location. Everything is completely online from the comfort of your home.
300 dollar payday loans are not comparable to a long-term form of financing or credit cards. These are quick and short-term loans until your next paycheck. So, if you are facing a shortage of cash and need quick rescue, guaranteed $300 payday loans are for you.
Where to get $300 loans in USA?
The amount is small and you can easily get it by considering the following options:
- Cash advance from credit card: If you owe a credit card, you can easily take our cash advance from your ATM. On your $300 cash advance borrowing, you need to pay a fee of around $6 and a rate of around 19% to 24% APR.Figures might vary from one credit card provider to another.
- Bank overdraft: Overdraftis a type of small loan provided by the bank to their customers to pay their bills and other small expenses. Usually, overdraft fees are fixed at around $5, which makes these loans less expensive. But when you borrow $300 loans, you need to pay an extra $5 per day, or until you pay the full balance.
- Borrow from your employer: Most employers offer small cash advances to their employees. It doesn’t a thing of hesitation to ask your employer if they are willing to give you a small portion of your payment before your next paycheck.
- Payday loans: Because payday loans online are the most popular and easy to get option on this list. They are generally be used if you can’t get an instant 300 dollar loan. You can apply for payday loans for 300 dollars online and get funded within a few minutes. Generally, you need a source of income to qualify for such loans.
How to get a $300 loan?
Following are some steps to find right provider:
- Check borrowing options: It is a very important readout and searches about various ways of borrowing. Make a clear decision about what type of borrowing options are the best work for you.
- Compare lenders: Before applying for any type of financing, make sure about some factors like costs, interest rates, and repayment time. At Paydayapr.com, we make it easy for you to get a $ 300 dollar payday loan from a direct lender within a few minutes.
- Check eligibility and fees: Before applying for a loan, make sure to check the eligibility, interest rates, fees, and terms of the lender. In this way, you can save yourself from future loan conflicts.
- Apply for a loan: Once you are fully satisfied with your lender, the next step is to complete the application, attached the documents, and submit it.
- Get your funds: This is the last step. Once your guaranteed $300 payday loan is approved, you will likely get your funds within a few minutes. Some payday lenders offer cash, cheque, or prepaid debit cards, but mostly transferred directly to a borrower’s bank account.
$300 loan eligibility requirements?
- Age: To get the $300 loan or above, your age must be at least 18 years old.
- Employment Status: This depends upon your lender. Some lenders required employment proof while some accept unemployed applicants like here. If you receive government benefits or work as a part-time worker, you can apply for 300 dollar loans.
- Income: To qualify for 300 dollar payday loans or any other type of financing, it is compulsory to show that you earn some sort of income. It is important to convince your lender that you can pay back your loan amount and interest.
- Benefits: You can still get a $300 loan from the payday loans lenders that accept unemployment benefits. Keep in mind that such lenders have different types of terms and interest rates because they approve a loan based on your benefits.
- Credit History: Worry about your bad credit status? Don’t worry! There are still lenders that offer you 300 dollar payday loan with no credit check. But your interest rates on your $300 bad credit loan might be a little bit higher compared to a good credit profile.
Things to consider before taking a loan
300 dollar payday loans are becoming popular day by day in the United States. Americans who want a small amount of cash to fulfill their little and emergencies requirements, apply for it. But it is important to choose any loan option carefully and as per your needs. Here are some things below to consider before taking a loan:
- Check your loan purpose: Maybe you want to repair your car or pay back some important expenses bills. Whatever motto you have behind taking a $300 loan, it is important to figure out why you need a loan? Whether it is really necessary to apply for credit or not.
- Check credit score: Before applying for any type of financing, it is important to check your credit score. By checking your credit report, you can easily estimate whether your application will be approved or not. If you find errors in your credit report, take the necessary steps as soon as possible and correct them before applying.
- Check if you can afford your loan? Whether you apply for a small loan like a $300 cash advance, or a big one. It is important to make sure that you only borrow loan amounts that you can easily afford to repay. Not paying your loan on time might badly affect future finances and credit history.
- Check loan terms and conditions: Apart from checking your loan eligibility, it is vital to clearly understand the terms and conditions of your loan. Examine and calculate your loan interest rates, fees, and even penalty charges. It will help you to re-evaluate the cost of your loan.
- Check for better deal: There are various types of lenders available in the market who offer $300 payday loans and other different types of credit. Do your research and instead of big bank loans, try to find online lenders that offer loans at competitive rates. You can try Paydayapr.com which offer lower interest rates loan for borrowers even with bad credit history.
Bottom Line:
When you need a small amount of cash, you can find several options. Whether you take a 300 dollar payday loan direct lender, cash advance, or bank overdraft, it is easy to get a $300 loan. Guaranteed approval payday loans are a little expensive, but if you are unemployed, have no bank account, or have a credit issue, they might be a better option.