FAQ's | Payday Loans Online
Before applying, you must know about how payday loans work? Take a look at some of the most FAQ's about short term payday loans below:
What is a payday loan online?
Payday loans online provides you instant cash at the time of emergency. It facilitates you to quickly borrow the money and pay back later when you get paid. The application process also very simple, fast, and much convenient! Once your request for payday loans is accepted, funds will directly transfer to your bank account.
How to qualify for online payday loans?
In order to qualify for payday loans online, you must need to match with the following eligibility criteria.
- Must have been employed or receiving an equivalent reoccurring income for at least 1 month
- Must make equivalent to at least $800 USD per month*
- At least 18 years old
- Must have a checking account
- Other requirements may apply during the application process
How much will I qualify for?
Once your loan application is approved, you can get up to $5000 directly to your bank account. Any future loan amount will be increased.
When will my payday loan will be due?
The due date of your payday loans is based up on the next date of your payment. Once you get your payment, the amount will be automatically deducted from your given bank account.
How quick will my application be processed?
As soon as you complete your application, and approved by one of our lender, your funds will be sent to your bank account within few hours, or same day.
How will I know about my loan approval?
Once your payday loans application is approved, you will get an email that mentioning everything about your loan application status. This email is also carrying your loan terms that you agreed to in the application process.
Will I need to fax, or email my documents?
There is no need to fax or email your documents for the approval of your payday loans. Our whole application process is complete online.
How will get my funds?
Once your funds are approved, it will be directly deposit to your bank account on same day. Availability of funds is totally depends up on your banking system.
What if I have multiple jobs or I am self-employed?
If you are doing many jobs, you must share the details of your earning during your communication with your lender. If you are self-employed then you need to show that you have sufficient earnings to payback your loan on due date to the lender.
Are payday loans expensive?
The main reasons behind the popularity of payday loans are its convenience and instant approval. When you use your payday loans responsibly, it definitely cost you less.
What if I have some questions about my loan?
If you have some inquiries regarding your payday loans, you must directly contact your lender for best solution.
Can I get a loan from same lender?
If you are not facing any issue with your current lender and you want to use the same lender again, you can surely do so. It is totally upon your choice.