How It Works

How It Works

So, how do payday loans work? Is the procedure complicated? If these questions are buzzing in your mind you should know that the lenders of these loans ( included) do not operate the same way that banks and other lending institutions do. On the contrary, payday advance lenders have a highly streamlined process that is meant to put cash in your account in the shortest time possible. Without further ado, let’s look at how operates and the procedures we use for dishing out these loans. Note the comparison between banks and payday loan institutions.

Payday Loan Requirements

The procedure for obtaining loans of this nature from is very simple. It starts by filling out a simple online application form and submitting it to our team. specialists will review your application in a period of less than twenty four (24) hours and get back to you with a response. The response usually varies depending on how you filled the form and whether you met the minimum set requirements.

Contrasting this with a bank, one would submit their loan request and wait for a couple of days for it to be reviewed. The borrower would only learn after a long while that his loan request has been denied and this can inconvenience him greatly especially if he needed the money urgently.

A few instances where one’s application would be rejected by us include:

  • If the person is a minor i.e under 18 yrs of age.
  • If the person does not have a valid bank account or any bank account for that matter.
  • If the person does not have a steady income.
  • If the person makes less than $1,000 dollars a month.
  • If the person tries to borrow more than 50% of his total net income.

You can read more about the payday loan online requirements on our requirements page.


Once you loan application has been granted will then award you a specified amount of funds based on your net income. This amount can be deposited in a matter of hours in your checking account. This presents another dark side of obtaining a loan from banks as it can take weeks for your loan to be approved and money to be deposited in your account.

Like the loan, the repayment period is also small. encourages its customers to clear any outstanding debts within seven to eighteen days of receiving the requested sum. Failure to repay the amount within the agreed timeline will result in financial penalties and can even result in the loan being extended to the following month with additional fees. To avoid this we advise the borrowing of small loans frequently and paying them back promptly to avoid incurring unnecessary expenses that will accumulate and increase your financial burden.

Want to receive some payday cash online? can arrange that for you after the initial minimum requirements have been met. We are among the few payday lenders that are branching in this direction. This service is only available upon request by interested parties. It should also be noted that loans dished out via online money transacting systems carry less fees.

Got any questions? Contact us for more information. You can also read through the site. We’ve tried to be as comprehensive as possible.
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