Online Payday Loans fast and easy
- Simple Application Online It takes a few minutes to fill out Payday Loans request
- Instant ApprovalOnce you meet the basic requirements, you're guaranteed quick decision from the best of 300+ legit direct lenders
- Same Day Funding The money is deposited directly into your bank account within 24 hours
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On the repayment date which was set while obtaining a loan, the money will be withdrawn from your bank account.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
What is a Payday Loan?
A Payday Loan is a short-term loan that will help you solve your financial problems in the near future. Since the loan is short-term, you need to pay the full amount with interest on the day of your next payday. A Payday Loan is unsecured, so you do not need to provide collateral in order to be approved.
Can I get a Payday Loan with bad credit?
You can usually get a Payday Loan if your credit history is not a good example to follow. It is worth remembering, however, that borrowers with poor credit pay high interest rates.
How much can I get with a Payday Loan?
Payday lenders offer small loans as the loan is short term and does not require collateral. Typically, you can get from $ 100 to $ 1,000. You can find out the amount available to you by contacting the lender directly.
How to get a Payday Loan?
The most convenient and safest way to get a Payday Loan is to fill out a simple online form. You need to provide the lender with your details, wait for approval and get paid.
What are the disadvantages of a Payday Loan?
The main disadvantage of a Payday Loan is the high interest rates on the loan, however, you can compare the offers of different payday lenders and find the most favorable terms.
How much one can borrow with a payday loan?
One can borrow from $100 to $1,000 depending on the personal application data.
Can one get a payday loan approved with no credit check?
Yes, but one is obliged to give the lender access to personal information or fill in a detailed online request.
If approved, when will one receive the money?
Usually it takes one working day to provide people in need of emergency cash with all possible help.
How much interest is paid for a payday loan?
The annual percentage rate, APR, depends on the state where borrower lives. The fees are established by lenders so be smart, and ask about all terms in advance.
I can’t repay a payday loan. What to do?
Contact your lender to expand duration time or find the other decision. Don’t avoid your lender calls and reminders, as in several cases unpaid loan might lead to a court filing. And if you already miss the payment bank may require a $35 fee.
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.