instant approval loans
Take advantage of instant payday loans online and get your cash in a matter of hours.
The application process is fast and straightforward! No hassle, no paperwork.
You will get the approval as soon as 1 hour. You’ll get your loan decision in less than one hour!
Get the funds on your checking account as soon as the next business day. Get the cash you need now!
Pay off with your next paycheck upon your next payday!
How Onilne Payday Loans Work
At the present moment payday loans represent a very beneficial option for many borrowers state-wide and not without a reason. These small cash loans offer something that can help many individuals to get over their short periods of financial difficulties without too much stress.
The phenomenon of small cash loans is not entirely new; however, payday loans have become really popular in the last decade. These are small loans ranging from $100 to $1,000 that are usually granted to a borrower for a short term (usually until the next paycheck arrives) and under interest that differs with regards to a state as well as a lender.
One of the distinctive features is that such loans are unsecured – they do not require any type of collateral or co-signers; and they also can be applied by any individual in need of fast cash – that is why they are also frequently called bad credit loans. Payday lenders offer loans to all borrowers with no regards to their credit standing – this simplifies the process and makes loans more affordable to those who frequently need them most.
One of the major situations when payday loans come in helpful is when some unplanned or unexpected expenses arrive, when cash is needed fast and without delays. Time is important; and when banks can make you wait and can eventually reject your application, with payday loans you have all the fair chances for approval.
That is why it is the most convenient way to get cash to cover medical bills or repair bills, or any other things that you have to face and there are no savings or friends and family to rely on.
This is exactly why so many people choose this loan option above all others. Bad credit is ok, no problem with your credit scores, approval within minutes and easy loan process – it is definitely one of the best ways to solve all your financial problems.
One of the things that distinguish payday loan application process is its ease and simplicity. The application itself starts with the application form and it takes a couple of minutes.
Online payday loans offer the benefit of making an application right from home without any need to go to a loan store or waiting in long lines and so on. The application can be sent 24/7 and it is also processed very fast.
When we receive your application, we sent it to a lender with the most suitable offer for approval, which is granted shortly, usually within an hour. We do not ask for any prepayments made in advance or any similar actions, all the transactions are electronic and are carried out online.
When a borrower receives approval for a loan, they can expect the cash to arrive to their bank account within several hours. This money can be used in whatever way a borrower finds it suitable. There is no need to state your purpose; no such inquiries are made in the process of application.
Repayment is also an easy process. It is performed on the due date (which is agreed in advance between a lender and a borrower) and is entirely electronic. The loan amount plus interest is withdrawn automatically from a borrower’s account. There is no need to go to a loan store on this stage of a process either – everything is simple and convenient.
Payday lenders have a very short list of requirements to their potential borrowers, it is much simpler than the one banks or credit unions would ask, and therefore, the entire loan process is simpler and faster. Thus, here is what most lenders would expect from a borrower:
- to be the U.S. citizen;
- over 18 years old;
- be able to provide the proof of identity;
- as well as the proofs of income and employment;
- an active checking account.
As it has been mentioned, credit history state does not play any role in the approval decision. Though credit checks are possible; all the customers with any credit record are welcome and can get access to the cash they need.
Payday loans are small cash loans ranging from $100 to $1,000 on average. The maximum amount of a loan granted to one person at a time differs with regards to a state where a loan is applied. Some states have maximum amount of $300 and others $500; more lenient states allow larger loans even for first-time borrowers.
The same refers to the rate of interest. Small unsecured loans are usually one of the most expensive in the loan industry as they are, strictly speaking, are only secured by the interest. That is why the rate of interest usually ranges from $10 to $25 with regards to a lender, as well as the state laws. Some of the states allow bigger rates, others cap such loans at some fixed rate; however, in some states the APR can reach up to 400%. The shorter the term and the smaller the amount, the higher the interest.
Payday loans are regulated on state and federal levels; however, it is usually state laws that all lenders willing to operate should comply with. There are several states that do not allow payday lending on their territories and there are other states that treat this loan sector with more lenience. There are also states where payday lending is widespread and these are the states with most lender numbers and choice.
All payday lenders have to comply with state regulations and disclose their terms and conditions in advance before the agreement is signed. All lenders wishing to operate in a particular state have to acquire a proper license. All the lenders we cooperate with are fully licensed as well as operate legally on the territory of their states.
Payday loans represent a unique option for many people to solve their financial problems fast and without much hassle. There is hardly any other similar loan product that can be acquired as easily and as fast. This is definitely one of the best solutions for many borrowers who find themselves facing a financial complication.
For bad credit customers it is frequently the last resort as they are often unable to rely on any other option. Banks are unwilling to grant their approvals and there are few other options to try, and sometimes there are none. In this situation fast credit is always helpful. Though credit checks are possible in the process of application, it is fast and easy and it is available to anyone.
At Weapprovefast.com we represent a company that connects borrowers who seeks fast cash for their needs with one of several lenders in our network. We do not operate as direct lenders and neither do we offer any services of the sort on our part. We provide up-to-date information about payday loans and match borrower applications with lender offers to mutual benefit and convenience.
We have got a large lender database in all the states where small cash loans are legal and we can find the best and the most suitable offer for all borrowers with no regards of their credit history or situation.
Anyone in need of fast cash can find it here – fast and easy, no hassle, no headaches – just the money you need right now!