| FAQs About Payday Loans
What Are Payday Loans Or Cash Advances?
Payday loans are loans of small amounts ranging between $100 and $1500 given for short duration of around 3 to 5 weeks to meet urgent expenses. These loans are very useful for people facing any urgent expenses in the middle of the month. These loans require no credit check. They require little or no paperwork and you get the cash instantly.
What Are The Eligibility Criteria For Payday Loans?
The eligibility criteria for payday loans are as follows:
- You should be at least 18 years of age.
- You should have a regular source of income which is a minimum of $1000 per month.
- You should have a valid bank account.
- You should be a citizen of the US.
How can I apply for a Payday loan and how long does it take to get the loan?
You have to apply for the loan online by filling a simple form. You need to submit a proof of your income and address. You will get the loan amount in your bank account within 24 hours of applying for the loan.
Can I Extend My Repayment Date?
You are required to repay your loan on the date of your next paycheck along with interest and fees. But if you are unable to repay the amount on the repayment date, then the time period for repayment can be extended for which you have to pay additional charge. |
