What is a payday loan?
A payday loan is a short term advance loan taken by someone in between his/her paychecks in case of emergency or immediate need of money.

How does it work?
The lender transfers the desired amount to the borrower’s salary account and automatically deducts the amount along with the interest from the borrower’s account on his/her next payday.

How much do you offer?
You can take a payday loan ranging from $300-$1500 depending on your needs and income.

How much time does the process of disbursement take?
Usually the process does not take more than a day. Sometimes you can get the loan in even a few hours.

What are the eligibility criteria to apply for such a loan?
The usual qualifications for applying for such a loan one should be are that the borrower needs to be above 18 years of age. He/she should have a valid checking account. He/she should be employed and earning more than $1000 as monthly salary.

What are the documents that I will need to submit?
The borrower will need to submit a copy of his/her driving license, a copy of a bank statement of the last 30 days, a personal check marked “VOID” and a copy of the last pay slip.

What kind of security is needed for such a loan?
No security is needed. The borrower’s job and paycheck is his/her security.

What if I have bad credit or I am bankrupt?
It does not matter because the borrower has to submit his paycheck before his loan is sanctioned. So it is quite safe for the lender to lend him/her the specified amount.