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|Calculations rendered by the payday loan calculator are estimates based on common loan terms. Actual loan pricing and terms will vary. Apply now or learn more about payday loans online.|
Getting a payday loan online is a quick and simple process with minimal requirements. Typically, only some source of stable income and an active bank account are required to be approved for a payday loan. Additionally, applicants need to be at least 18 years old and provide a valid address and phone number.
Even though you’ll be matched with a large network of lenders, there’s no guarantee that your application will meet their requirements. You will; however, have a much greater chance of approval than if you were to only apply at individual lenders. If you’re not approved for a loan right now, then you may want to re-apply at another time when your employment status, income level, or the amount to be borrowed has changed. If you’re still unable to get approved for a payday loan, then you may want to consider the following, to increase the possibility of getting approved;
- Make sure you have at least $1,000 in average monthly income.
- Try applying during normal business hours, as some lenders are better staffed and able to handle applications during these hours.
- Determine if you have any other outstanding loans that may be preventing you from taking out another.
- Make sure that your checking account information is correct and that the account is active.
- Submit your application again, requesting a smaller amount than previous attempts.
Fast Payday Loans
One of the most important features of a payday loan is its quick issuance. A payday loan is typically the fastest possible way to borrow money. The application process usually takes no more than a few minutes. Once approved, money can be deposited to your bank account as soon as the next business day.
If you’re applying for a loan on a weekend or holiday, your money will typically be sent on the next business day. The following is a list of common bank holidays, which may slow or delay the processing of your payday loan; New Year’s Day, Martin Luther King Jr Day, President’s Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veteran’s Day, Thanksgiving Day, Christmas Day.
Payday Loan Cost
Every lender has their own pricing based on your application and local short-term lending regulations. Paydayr will work to match you with best payday loan option available to you.
After you’ve applied, you’ll receive full details of the pricing and terms the lender has to offer, and if you feel the loan pricing is too high or the terms aren’t favorable, you’re under no obligation to accept the offer.
Policies toward late payments vary from one lender to the next, but You’ll typically incur a late fee. The fees associated with late payments, or extensions will be outlined in the terms provided to you before accepting the loan offer and can usually be reviewed from your account on the lender’s website.