What Is a Payday Loan?
In case you’ve come across urgent need of money, payday cash advance is the best option. It will provide you with emergency cash assistance fast and with minimum requirements.
A quick online payday loan, or cash advance, is a small-dollar, short-term financing to cover emergency expenses till you get the next paycheck. You can usually get from $100 to $1,000 fast cash with the repayment period of 7 – 30 days.
There’re no restrictions on how you use this money. Just make sure you really need it as the interest rates may be rather high, with 400% APR on average.
What Is the Fastest Way to Get Cash From Payday Loans?
Payday lenders used to sell their services in a store, but nowadays most of them have gone online.
Naturally, 90% of people prefer online borrowing as it’s much faster and easier.
- You don’t need to drive and visit a store.
- There’s no paperwork, no faxing.
- All credit scores are accepted.
- No hard credit check is usually done.
- You apply and get the money completely online.
- Same day financing wis promised in most cases.
- No collateral is required.
No wonder, online payday loans offer quick cash at the most convenient and simple conditions.
How Online Payday Loans Work
The answer is – EASY! Just follow 3 simple steps and quick cash payday loan is yours!
- Complete the application form online.
- Lender will process your loan request and decide on the approval.
- If approved, get the cash loan on the same day.
The funds will be deposited to your bank account within 24 hours.
What Are the Requirements?
When qualifying for a payday loan, pay attention to the state’s regulations. Legitimate lending companies must follow certain laws to offer you a payday loan. The basic eligibility criteria include:
- Age – you can legally sign a payday loan contract only after you are at least 18 years old.
- Bank account – you need an active checking account to get the loan direct deposit as only few lenders want to lend money in cash.
- Income – proof of regular income is required by the lender to allow them to decide on the loan approval. It can be any type of income, not only traditional paystub.
- Place of residence – you are to be a US citizen and provide a proof of your address as well as contact details such as phone number and email.
Can I Get A Payday Loan Same Day?
Payday Loans are popular for their speed. They guarantee instant approval and same day financing in most cases. If it’s not the weekend or it’s out of your bank working schedule, you will get quick cash payday loan on the same business day.
Payday Loans Guaranteed Instant Approval
As we’ve already mentioned, most payday lenders do no hard credit checks and the requirements are very simple, yes, you are likely to get guaranteed instant approval for payday advance in case you meet these basic eligibility criteria, i.e. are over 18, US resident with a proof of income and address.
1 Hour Payday Loans with No Credit Check
Saying 1 hour payday loans, we rarely mean that you get fast cash within one hour. It means quick loan processing and sometimes even approval in 1 hour time.
What If I Have Bad Credit?
Bad credit is not the reason to worry about payday loan denial. There’re lots of lenders offering bad credit payday loans. They use other criteria to evaluate your creditworthiness. Your income can be enough, for example, to decide that you are not risky and will be able to repay the money on time.