Is Student Loan Online a safe Way Out of Your Financial Miseries?

Although in desperate need, some people still avoid asking for loans because of the paperwork. This can be embarrassing. So, if you’re someone who is reluctant to apply for a loan because you fear the embarrassment and hassle that some pesky payday services put people through, don't be. Payday loans and their online service lets you apply for your loan right from your home. No more credit checks or lengthy documentation. You just fill out a simple form and there you go with your cash payday loan. Your cash loan will be immediately approved online without you waiting for days or weeks.

Student Loan Online is not a Lender… But It may not necessarily be a Friend

On its website, Student Loan Online states that it is neither a lender, not it's a broker of a payday loan lender. It's rather a third-party entity whose only task is to study your case and deliver it to the best appropriate lender; sounds difficult to digest. Of course, why would be they interested in helping us. Philanthropists are rare to see in financial institutions.

Student Loan Online doesn't reveal the Rates directly

Payday loans have an APR (annual percentage rate) which actually determines how much charges you need to pay for your payday loan. Student Loan Online requires you to submit your application and based on your case, it will send its charges. However, it has shown its average charges on $100, which is somewhat higher than other payday loan lenders.

Payday Loan Amount for First Time Users

Student Loan Online has limited its loan amount for first time users to $300-$500, which is quite low. As the company takes all the information about employment and income, there is no reason why the company is hesitant to pay more..

No Mercy!

My God, this company's policies are quite intimidating when it comes to payback. Student Loan Online is not kind enough to award your extensions if you are not able to pay back on time. Failure to payment may lead to additional fees or even legal consequences. Student Loan Online 's payday loans follow strict rules and the consequence of non-compliance can be dangerous.