Applying for an Online Payday Loan
Posted on Friday, July 23rd, 2010 at 1:02 pm in Helpful Payday Loan Info, Miscellaneous Cash Loan Info
We sometimes receive questions from customers about our online payday loan application process. The online payday loan application process is simple: Customers can submit a secure application online for instant approval. After a lender reviews and approves the application, the lender wires the requested cash amount directly to the customer’s account in 1-hour. It’s as simple as that! No fax and no extra paperwork, just a fast online application to get the cash you need.
Requirements for Approval
So how can you get approved for a payday loan from an online lender? There are only a few basic requirements:
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US Residency. If you are applying for a payday loan from a US online payday lender, you must be a US citizen or legal resident.
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Age. A payday loan is a legal contract, and you must be a legal adult at least 18 years old before you can apply.
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Monthly Income. You must receive some type of monthly income from either a monthly paycheck, unemployment benefits, or a retirement account. As long as you earn enough in a month to pay back your loan in full, the source of your income doesn’t matter. If you are employed, your lender may require a 3 month history with your current employer to qualify for a payday loan. If you are unemployed or retired, your lender may require you to earn a certain minimum amount per month to qualify.
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Bank account. You’ll need an active checking or savings account in good standing that can receive direct deposits and debits so you can receive your cash advance amount and pay back your loan with an automatic deduction from your lender.
If you meet the four basic requirements, your lender should approve your application instantly. There’s no credit check to worry about because payday loans are based on your monthly income, not your credit score.
Qualifying and applying for an online payday loan is easy. Start your secure online application today and get the cash advance you need in 1-hour!
Related posts:
3 Easy Steps to Get Your Quick Cash
1
Complete the short form.
2
Receive your approval and confirm loan.
3
Cash deposited into your account.
