Approval in 2 Minutes2
No Credit Check3
Accept All Applications4
Fast Money Transfer5
100% Secure & Privacy
What is a payday loan or cash advance?
A payday loan, also known as cash advance or short-term loan, is a type of short-term loan when an individual borrows a small amount at a relatively high interest rate. Payday loans are designed for urgent purposes and feature a number of advantages (quick application consideration turnaround, a minimum paperwork package, quick and easy submission process, etc.).
Any cash limits to be aware of?
The maximum amount of loan is different from state to state; though as a rule you will qualify for up to $1,000. The maximum amount per offer may also depend on the data provided.
How are fees calculated?
All of the lenders in our network agree to adhere to federal laws and state regulations that apply to the short term loan industry. Some of the things that states typically regulate include whether or not short term loans are allowed, the maximum amounts of these loans, the number of loans that may be outstanding at any given time, the fees and interest that lenders can charge and even how many rollovers are available to consumers. We have compiled a list of states, the maximum loan amounts in those states and the regulations they have in place for your convenience.
Our partners do their best to cut down the fees to the minimum possible level, following the state and federal laws and guidelines. Each $100 borrowed is subjected to $22 - $30 amount of extra charge.
How do I qualify for a payday loan?
Payday loan is the quickest option to get quick financial assistance. Mentioned below are the core requirements towards borrowers:
- Receive regular income
- Be 18+ years old
- Have a bank account with direct deposit
How do I apply for a payday loan?
The process of application is absolutely straightforward: submit an application online, get an approval and get your money deposited to your account.
What sort of data am I expected to share?
The application form consists of a bunch of questions, but no sophisticated info is collected: name/surname, address, employment data, ID and etc.
How do you ensure my data security?
Your privacy and confidentiality are our main priorities. Our website is backed up with a wide array of security tools to guarantee the world-class safety of your personal data. Each byte of sensitive data is transferred through a 256 bit SSL encryption technology.
Am I expected to cover some service fees?
eDayPayDay.com will never charge you anything - feel free to use our application whenever you need it.
Am I obliged to take a loan if I've submitted an application?
No, an application submission doesn't require taking a loan - you can withdraw the application at any point of time until the agreement is signed.
Do you accept applications from customers with bad credit?
Yes, eDayPayDay.com will gladly process your application even if you have poor credit score. The aspect doesn't have a decisive factor on the application success, so you are welcome to submit a form.
I don't own real estate, will it impact my eligibility?
No, even if you rent a premises it won't influence your chances to acquire a loan.
Am I expected to provide tax information?
No, none of our partners request tax details.
Can I request payday loans at multiple agencies?
You can submit an application for a loan at several agencies, but you can only choose a single provider to get the desired amount of money. You are not allowed to have more than one payday loan at the same time.
Do you contact any of the employers indicated in the form?
No, our lending partners care about your confidentiality. We never pass any details to 3rd party establishments unless we are forced by law.
When will I get my money?
Normally, the applications are processed within 5-30 minutes after submission. If you get an approval, the amount agreed upon is typically deposited to your bank account the next business day. You will be notified on the repayment schedule beforehand, plus you will be additionally notified prior to the repayment date.
How will I know whether my application is approved or not?
Once the application is submitted you will receive a notification as soon as the system completes the matching stage. eDayPayDay.comreserves the right to introduce changes to a loan approval before the amount is deposited to your account if any updates are received from lenders.
What are the timelines for repaying my loan?
The repayment procedure may differ from state to state: however, normally you are expected to repay the loan fully within 8 - 25 days.
Any penalties for advanced repayment?
None of our partners charges extra fees for early repayments, however, the repayment terms may slightly differ from company to company.
What should I do if I'm unable to repay a loan on time?
You can take advantage of one of the extension options:
1. Make a repayment in full on the maturity date indicated in a loan agreement.
2. Cover a finance fee and a portion of the principal amount on maturity date or beforehand.
3. Cover the finance fee only on the maturity date.
How often can I apply for payday loans?
You can apply for a payday loan at any point of time if you have no active loans to repay. However, be advised that payday loans are not designed for a constant or long-term used. An average payday loan is a short term solution to an urgent money need, so you should better seek for other options to deal with ongoing financial issues.