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A lender may ask you a number of additional questions including the name of your current employer and the number of years you have worked at your employer, all in determining how well you are likely to manage the monthly payments of an installment loan. One more note regarding this application – he did ask for a same day loan, but that was not likely for $10,000 unless he hadÂ aÂ recent history of borrowing and paying back lump sums of cash from his bank, or another bank in his area of New York. Once you get the loan, you repay the amount you borrowed plus the interest in small installments until you settle the whole amount. â˘ Individual has to be a permanent worker having the regular every month salary.
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