Short-term borrowing till next paycheck. Salary loans, cash advances with fast approval.

Reading this article you are very likely need to go throw heavy financial burden. Payday loans might be of great help for those, who don’t have contingent reserves. A lot of people know them under the names like salary loan, cash advances or payroll loan, as those types of loans have a number of advantages and are easy to be approved for. Moreover, it is also possible to get money against line of credit, as if one will be using a credit card.

Consumers use short-term loans to cover various expenses, such as car or medical payments, financial emergencies or even utility and vacation bills.

Want to apply for a fast Payday loan online?

Lenders have their terms and conditions tougher day by day and that it is getting difficult to take a loan. In the contrary, payday loans might be easily requested even sitting on the couch with a laptop on your knees. One needs to submit an online form providing some personal info. Most lenders provide loan limit between $100 and $1,000. After approval the lender will contact the borrower to explain the terms and the amount approved, as each case is unique, depending on the great number of conditions. Then the borrower will be provided with further steps.

Your Payday loan request is approved. What next?

As a rule, short-term borrowing gives fast access to cash even for people with bad credit score. Companies do not require credit checks. So that approval is rush and once you received an approval call from a lender, the money will be credited to the account this or the next business day.

Payday Loan repayment process

On the repayment date which was set while obtaining a loan, the money will be withdrawn from your bank account. Some lenders offer borrowers to roll over the loan or borrow one more loan to make following payment. Take into account, that the Annual Percentage Rate (APR) for payday loans varies from lender to lender, as they all have different rates. Be careful, if your budget is already tight; try not to make spontaneous decisions.

Am I eligible for an online Payday Loan?

Check the eligibility criteria, as one should meet the following requirements:

  • 18 years of age
  • U.S. citizenship
  • Steady employment
  • Valid bank or credit union account.

Some lenders specify the amount of net income (after taxes) to apply for a loan. But there is still a possibility to apply with an alternate income, such as disability income, retirement benefits or even pension fund.

Payday Loan FAQ

 

How much one can borrow with a payday loan?

 

Can one get a payday loan approved with no credit check?

 

If approved, when will one receive the money?

 

How much interest is paid for a payday loan?

 

I can’t repay a payday loan. What to do?

The reasons for denial of loan request

Every lender has own criteria, but the most common are:

  • Payday loans are illegal in the state
  • Not enough income to secure a loan.
  • Unpaid previous loans

As was mentioned before, each case is unique, and in case of denial, one better call the lenders hot line or visit store to get further information.

Online Loan Services from Maggie Loans