Frequently Asked Questions

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What is the meaning of quick payday loans?

Payday loans are short term loans of small amounts of money that are required to be repaid on the next payday by the borrower. These loans provide quick money to overcome financial emergencies when one is out of the case, especially at the end of a month.

How much money can I hope to get?

The amount of money you can get when you apply for a loan for the firs time with us is dependent upon the details provided by you and the laws applicable in your state of residence. It can be anything from $100 to $1000 but if you are an old customer having successfully repaid on time earlier, your upper loan limit is increased by us.

What is the meaning of repayment slot?

Instant payday loans have to be repaid on your next pay day. The repayment slot is the span or time period for which you can avail the money borrowed. This slot could be 14-30 days depending upon the date of application and your next payday.

What if I am not able to repay the amount on my next payday?

It is in your own interest to pay the amount borrowed along with the interest accrued on your next payday. This is because the loan is meant for short duration and the lender charges a higher rate of interest if you delay repayment that can pinch you financially. However, you can work out repayment to the lender in case of inability to repay on time.

Are instant payday loans legal?

Yes, payday loans are totally legal in most states of the country and you can check with the authorities to find out if they are legal in your state or not.

Who is eligible for these payday loans?

Eligibility criteria for obtaining payday loans are very easy. If you are a citizen of the country, over 18 years of age, in service and receiving salary through check in your bank account, you can get these loans easily.

Whys are the interest rates so high in payday loans?

Banks ask for collateral when disbursing loans. They also ask for guarantors. However, payday loans are unsecured in nature as lenders do not ask for any collateral in exchange for loans. This is why the interest rates are higher than what charged by banks. These loans are also available to all borrowers irrespective of their credit scores.

How to apply for instant payday loans?

If you have ever been to a bank to apply for a loan, you will be pleasantly surprised with the application procedure of payday loans. All you have to do is to go to the website of the lender and provide your details along with the money required. The lender gets your details verified and deposits the money in your bank account as soon as your application is approved. In most cases, the time taken for disbursement of money is 24 hours or less.

Do I need to divulge the reason why I need the loan?

No. We are not concerned with the way you make use of the money. You can use it to meet any financial emergency or even buy something you have been dreaming about. We are only interested in the repayment of the loan.

What is the loan fee?

The loan fee is the amount of money we charge for providing quick loans. There are rules and terms specific to your state of residence. Please enter your state to know the amount of fee you will be asked to pay when availing a loan from us.

Can I repay early?

The loans are short duration and normally the question of early repayment does not arise. If, however, you make the arrangement of money before the due date, you can contact the customer service. A part of your loan fee is waived if you repay early.

Do I need to have a checking account to get a payday loan?

Yes, the basic requirement of obtaining a payday loan from us is to have a checking account in a bank where your salary check is deposited. This is necessary as we need a bank account in your name to transfer the loan amount requested by you.

How is a payday loan better than other means of loans?

You cannot hope to get the money in time from a bank when there is a financial emergency. On the other hand, loan application process with us is not only easy and simple, it is also lightening fast so that you get the money within a day or two to overcome your emergency. There is no paperwork involved without loans and we also do not conduct a credit check.