FAQs

What are the eligibility requirements for a payday loan?

Most applicants aged 18 years or older receiving regular income, whether from their employment or social benefits scheme, are eligible for a payday loan, providing they hold a valid check account to receive the funds.

What amount of funds can I obtain under a payday loan scheme?

Normally the payday loan scheme covers cash advances amounting to $100-1000. Higher sums may be obtained after a personal consultation.

Do you charge an application fee?

No applications fees are charged from applicants, except for the usual fees charged by lenders. Submitting a request for a loan is free.

How long does it take to apply?

Filling in the 1-page application form online usually takes only 5-6 minutes. Submissions are processed swiftly, with funds dispersed into accounts of prospective borrowers within minutes after approval.

When will I receive the money?

Depending on the bank, funds can arrive within minutes after the approval, or on the next business day.

What are your hours of operation?

Payday loan submissions are accepted via online interface without breaks or weekends. Even if it’s 3 am, you can submit an application and receive a swift response within hours.

What tax information needs to be provided?

Under the payday loan scheme, there is no requirement to provide any tax statements or information during your application.

Do you provide payday loans in other countries outside the United States?

This service only provides intallement payday loans to U.S. citizens or legitimate permanent residents.

Can I obtain a payday loan if I have poor credit scores?

History of past defaults or “bad credit” do not prevent you from applying for an installement loan under this scheme. The important prerequisites are stable income derived from legitimate sources such as employment or a social benefits scheme, age and residence status.

Does receiving social benefits constitute a regular income source?

Yes, receiving social benefits can be considered as a legitimate stable income source when applying for an installement payday loan. Simply provide all applicable information during the submissions process.

Am I eligible for a payday loan if I am a bankrupt?

Unfortunately, bankruptcy cases make you ineligible to obtain an installement payday loan.

What kind of bank accounts required to receive funds?

Funds can be wired to any checking bank account within the U.S. bank system. If you only have a savings account, you will need a checking bank account in the same bank to be able to receive the funds under this scheme.

Are the online applications secure?

Security of online applications is our highest priority. All submissions for payday loans are confidential.

How soon should I repay the loan?

The exact repayment schedule is determined during the application based on your remuneration or social benefits payment timetable. Typically short-term installement loans are provided for terms not exceeding 7-31 days, after which loans must be reimbursed in full. Any extensions shall be individually discussed with lenders.