How it Works

The online payday loan process is quick and convenient. As long as you have the required basic information on hand, then you will be on your way to obtaining a cash advance to take care of your financial emergency. Keep in mind that you have the initial option of choosing a loan of between $100 and $1,000, but the lender might change the amount based on your stated income, as well as their terms. Before you take out a payday loan, it is important to ensure that you will have the means to pay back your loan, along with any interest and fees, on the predetermined due date.

Requirements

Before you request a day payday loan, first determine whether you satisfy the following requirements:

  • Be at least 18 years old.
  • Be a U.S. citizen or permanent resident.
  • Be employed for at least 90 days consecutively.
  • Earn at least $1,000/mo. after taxes.
  • Have a checking account in your name.
  • Provide home and work telephone numbers and a valid email address.

Payday Loan Request Process

The initial loan request process commences when you fill out our online request. Our online loan request form is encrypted to protect your privacy.  Once you complete and submit your online loan request, it is reviewed by our lender network. You can be approved as soon as today and get your money as fast as the next business day.

Making a Payday Loan Decision

There are different considerations to keep in mind when you decide to accept a payday loan.  If a lender is not offering enough, then you might want to try another lender.  At the same time, you should be wary of a lender offering you too much of a cash advance because this will likely translate to higher fees and interest.

Understanding the Loan Agreement

Before you officially sign up with a payday advance lender, you will be required to read through the terms of the loan agreement. It is important that you read the agreement in full so that you completely understand the terms in relation to payment methods, fees and interest rates. If you do not fully agree with the terms of the agreement, then it is best to look for a different lender.

Receiving Funds

Once your loan request has been processed and you have e-signed the lender’s agreement, you can receive your payday loan funds as quickly as the next business day. The most common method lenders use is to transfer funds directly into your bank account, which is considerably faster than picking up a check or waiting by the mailbox. Since most lenders require that you receive your payday loan funds through a bank account, you will need one that is under your name.

Repayments

The final step in the entire payday loan process is repayment. Your agreement will clearly outline the due date on which you are to pay back the entire advance in full, as well as any agreed-to interest rates and fees. The repayment process is just as convenient as receiving the funds, since repayments are automatically debited from your bank account on the designated due date, which is typically your next payday.