Payday Loans

1 hr Payday Loan Fast Approval

Payday Loan Requirements

Payday lenders may have different requirements regarding approving your payday loan. In all cases, regardless of the lender,  you have to:

  • be 18+ of age,
  • have an income of at least $1,000 (employment, ssi, benefits, etc)
  • be a US citizen or resident
  • be a Canadian citizen or resident if you request a payday loan in Canada

In addition, you will have to provide your personal details, such as your  full name,  date of birth,  employment info, income, contact phone number, email and your bank account number where your loan is to be transferred.

No Documents

Online payday lenders usually don’t ask consumers to submit any documents but that doesn’t mean they can’t.  In general, the entire process is paperless and it doesn’t require any fax but some lenders may ask you to submit additional documents if they cannot verify your data online.

Credit Check

Most loan lenders perform a credit check when you request a loan. They may make exceptions of course. That all depends on each individual lender. Lenders may conduct a credit check through three major national databases such as Equifax, Transunion, Experian and other credit bureaus. When you request a payday loan, you must be aware that a credit check may be involved. Applying for a loan with many lenders can affect your credit. Too many inquiries into your credit report will have an adverse impact on your credit score.

No Credit or Bad Credit

If you have no credit history at all, the lender can’t check if you defaulted on the loan in the past or if you’re paying your bills promptly on time. Having no credit history does not disqualify you from getting a loan. Bad credit may be a problem but it doesn’t have to be. The lender will make a decision based on the information you provide .

Guaranteed Fast Processing

Your loan request will be processed as soon as possible. It usually takes a few minutes up to an hour to hear from the lender. It is much faster than at traditional financial institutions, because you save on travel time and don’t have to wait in a line. You can request a payday loan online while sitting comfortably at home or at work as long as you have access to a computer.

Money Same Or Next Business Day

When your loan request is approved, you will have to wait for a deposit to your bank account. Depending on the day of the week or the time of your request, you can expect the funds to be transferred on the same day or the next business day.

Speed Things Up

A payday loan is available right away if  you provide all of the required information accurately on your request form. If you withhold details or don’t provide details, this might delay the processing time or cause  your request to be declined. The important thing is to provide your contact info, so the lender can contact you directly if there is a problem with  the request processing.