What is the best payday loan for bad credit?

So, I had a bad credit history so I was unable to get a payday loan from normal banks such as SBI, Axis Bank, or HDFC. I needed money urgently so I had to opt for a good lending domain where credit history is not that relevant. When I discussed this with my friends, they suggested that I should go for MoneyMutual and after doing my research I also opted for a payday loan from MoneyMutual. They offer payday loans bad credit.

I will share my perspective on what is the best payday loan for bad credit. 

I feel Money in Minutes  is the best for securing payday loans as they offer loans anytime. I have never seen any company offering this much flexibility for pay-day loans. The application I have filled up is fairly straightforward and it only takes a few minutes to fill up the form. It only takes 5 minutes to fill up a payday loan application and get loan from Money in Minutes.

The Money in Minutes loan and interest rate are:

36.50% p.a of the loan amount- for loan term up to 5 days

91.25% p.a of the loan amount- for loan term up to 10 days

182.50% p.a of the loan amount – for loan term of up to 15 days

255.5% p.a of the loan amount -  for loan term up to 30 days 

The eligibility criteria to get a loan from Money in Minutes is that the applicant must be a salaried individual. The applicant also needs to complete 18 years of age to secure a loan. Minimum withdrawal of Rs. 15,000 is required to secure loan from money minutes. 

Documents required to obtain loan from Money in Minutes:

• Identity Proof

• Address proof

• Latest 3 Months Salary slip

• Last 6 months bank statement

• Cancelled cheque from the applicant’s salary account

Some other legitimate loan companies for bad credit are:

• Rupeek

• Money View

In conclusion, I would only say that it's better to secure payday loans from a reliable company to avoid any legal discrepancies. 

I hope you liked what I said about payday loans bad credit.

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