Fill out our online application. The form asks for information such as your personal details, employment information and banking information.
Once we have received your completed application we will work to find you the funding that you need. Once your details have been verified, one of our lenders will be in contact with you to finalize your loan.
After approval, your cash will be available in your bank account within 24 hours or by the next business day.
You probably have a few questions about the loan process and we have tried to provide answers to those questions. Below is a list of some common questions about payday loans online and if you have other questions that are not answered here, feel free to contact us.
What Are Pay Day Loans?
A payday loan is simply a short term loan that is designed to help you out in certain financial situations. These are commonly used for things like medical bills, car repairs, spending cash and other needs. They are a fast and easy way to get money when you need it and you do not have to take out a traditional loan with your bank. You simply receive a direct deposit and then you pay back that loan on your next payday.
What Can I Use the Money For?
You can use your online payday loan for whatever you want. If your car needs new tires or you need to buy groceries or maybe you just noticed a great sale at the boutique and really want to splurge a little, it is entirely up to you what you use your money for. In fact, we will never even ask you what the loan is for. This is your money to do with as you wish.
How Much Money Can I Get?
The amount of money that you qualify to borrow is based on a few different things. We take into account your salary which is a major determining factor. We loan anywhere from $100 to $1000 so if you qualify, you can borrow as much as you want or need.
What Are the Fees?
At Online Payday Loan, we strive to provide our clients with the easiest and most affordable instant payday loans. Of course, we do have to charge certain fees in order to do this. Our fees abide by the federal regulations for our industry and they are fairly low when compared with other companies. They are much lower than the costs associated with insufficient funds at your bank and credit card cash advances.
How Do I Pay Back the Loan?
When your due date arrives to pay back the loan, we will simply deduct it from the bank account where you received your loan. Most of our loans are payable on your next payday so if you get paid in 2 weeks then your payment will be due in 2 weeks on your payday. The actual lending period can vary from lender to lender and you will learn more about your repayment date when you receive your loan agreement.
Is the Application Difficult?
No. Our online payday loans application form is very easy to fill out. You simply need to provide the required information and hit the submit button. It takes only about 2 minutes to complete the application and we will begin processing it as soon as we receive it. Our fast processing and fast application make it easy for you to get the cash that you need on the same day as your application.
Do I Need a Fax Machine?
No. We offer faxless payday loans so you have nothing to fax and you do not have to mail anything to us. Please note that in very rare instances, we may require more information than what is provided on the application. If for instance, we cannot verify certain information then we will notify you and we may need you to provide this information to us. In most cases however, there is never any faxing needed. Everything is done completely online.
What if I Have Bad Credit?
That is no problem. We offer bad credit payday loans that are designed to meet your specific needs. When you apply for our payday loans no credit check is performed. We do not pull your credit report or check your credit scores. We simply base your loan approval on the information that you provide on your application.
What if I Change My Mind?
You are under no obligation to take the loan. If you change your mind you can simply stop the process at any time. We will send you a notification of approval along with a loan agreement that clearly outlines the terms of your loan. There are no hidden fees and everything is spelled out for you in black and white. If you decide not to take the loan, simply do not sign and return the agreement.
What Do I Need to Qualify?
We require that you be at least 18 years old, have a valid checking or savings account that accepts direct deposits and that you have a steady source of income.
What Do You Do with My Personal Information?
We use your information only to approve you for a loan. We never sell, rent or otherwise share this information and we use a secure server so that no one has access to your personal data but us.
How Many Advances Can I Have?
We prefer that you only have one loan at a time. Remember that these advances are designed for short term solutions and having too many loans at once can put quite a strain on your finances. You must typically wait until your first loan is paid off before you can apply for another one.
How Long Will it Take to Get the Money?
We begin processing your application the instant that you submit it. In most cases, you can have your funds in your account on the same day that you apply, normally within just a few hours. In rare cases it may be the next business day before the transaction can be completed but most of our loans are deposited within 24 hours from the minute that you submit your application.
What if I Can't Pay it Back on Time?
If you know that you are not going to be able to meet your repayment date, you should contact us immediately. We may be able to extend the terms of your loan to help you but we have to know as soon as possible. We ask that you contact us at least a couple of days before your due date so that we can work out a solution for you.
TO RECAP WHAT WE NEED FROM YOU:
As you can see, taking out a payday loan does not have to be a stressful process. With our company, you don't even have to leave the comfort of your own house. Stop worrying and get the money you need now. Our online application differentiates us from our competitors in that we don't require any physical paperwork to be filled out, or any documents to be faxed over.