How It Works

A payday loan is a short-term small cash loan that is given to a borrower till the next paycheck. In some cases it is possible to extend a loan and repay later.

However, loan amount as well as the rate of interest are regulated and are different in every state and loan extension option is not allowed in all the states.

Online payday loans offered by partners are characterized by the following features:

  • They are approved instantly.
  • The loan amount is deposited on the checking account of a borrower within one business day as soon as approval is granted.
  • The loan is supposed to be repaid on a due date.

To get a payday loan via service a borrower has to meet very simple requirements:

  • Be a US citizen or a resident
  • Be over 18 years old
  • Be employed
  • Have a permanent income source
  • Have an active checking account

Payday loans are offered for any kind of need a borrower might have. They are much easier to get as there is no credit check involved.

Besides, the application process is simple and easy and takes really little time. Online payday loans are applied online, the application is then sent to match the best and most beneficial lender offer - all the process is arranged electronically.

After the verification of the information, the approval is given and the money is transferred to a person's account electronically. When the repayment time comes, the total loan amount plus interest is withdrawn automatically from the account. There is no need to go to the store either to bring the papers for approval or return to repay.

It is the fastest way possible to get cash when it is urgently needed.