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You might already be used to the check-depositing process and know that the funds from the check aren't immediately posted to your account. Usually the bank will hold the check for at least 24 hours to make sure that the funds from the check's issuer are available to be deposited. After at least 24 hours, if the funds are available, they're deposited into your account for you to use however you like. The process for getting a loan online is very similar: if you're approved for a loan, it's possible the funds could be deposited into your bank account in as little as 24 hours. Qualifications for Applying for Cash Advance Loans Payday Loans Online In Canada When all costs of bank loans are taken into consideration and not only the interest rate it turns out that when compared to payday loans the cost of the latter is not as high as the critics claim. Moreover, when you add to that the fact that people with bad credit can count on faxless payday loans which the customers can get the same day and all that without unnecessary paperwork the decision where to apply for a loan ought to be quite simple.
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