What Do I Need to Get a Payday Loan Right Now?

A payday loan is a small, short-term loan that a lot of different kind of people can benefit from, but only if they can get approved. Imagine situations like when you’re electric bill is already overdue, the power company is threatening to turn it off, your bank account is empty, and payday is about five days away or when you have a credit card payment due and you don’t want to be late again and pay more late fees again. There are the times you need a quick, small loan, but do you know what it takes to get approved? It’s easier than you might realize, and you only need a few things.

For a Payday Loan Today, You Need a Computer or Mobile Device

What you don’t need is a car or gas money. You don’t have to go to a bank or any other designated location to get a payday loan. All you need is online access because the application is on a website and a mobile app. If you’re at home and have a computer, or if you’re in an office at work, just hop online to use the application on the website. If you are on the go, out running errands, grocery shopping, or hanging out with friends but still worrying about money, take just a few minutes to download the app and complete the application that way.

You Also Need a Job to Get a Payday Loan

This is one of the most basic and easiest requirements for getting approved for one of these loans. You have to have a job because the loan is based on income more than anything else. Most people who have a regular income from a job can get approved for this simple, small loan. You don’t have to earn a lot either. About $800 a month or more is enough of an income to get you approved for most payday loans. The amount you earn helps you decide how much you can afford in a loan, but in general these are always small, affordable amounts.

To Get a Payday Loan Today, You Need to Have a Bank Account

Lenders transfer cash to borrowers by ACH, so you do need to have an active bank account when you apply for one of these loans. There is no other way to fund the loan, so this is a must. What you don’t need to have is a specific type of bank account or an account at a particular institution. As long as you have an account somewhere that will accept a cash transfer, you have what you need.

You Don’t Need Perfect Credit for a Payday Loan

What most people don’t realize about these loans is that perfect, or even good credit is not a requirement. Credit score rarely comes into the calculation for approving a payday loan, so don’t sweat it if your score isn’t where you want it to be. Our lenders are very forgiving and rely more on income and your job and payday to make sure you can be approved. If you have these things and you apply today, you should have your cash tomorrow.