A payday loan is an unsecured, short-term cash loan that is designed as a bridge to your next payday. Most often payday loans are used to cover small unexpected expenses which helps consumers to avoid bounced check fees and other assorted late payment penalties, which they would incur if the funds were not in the account.
The use of a payday loan is at your discretion. Whether the funds are being used to pay for a medical emergency, an automobile repair or even for a special occasion makes no difference.
You may apply for up to $1,000, but ultimately the amount of the loan will be decided by the lender.
Any fees are established by the lender. The fees are competitive and in compliance with all applicable state and federal laws.
You should meet all of the following requirements:
- Currently employed (or receive regular income)
- Make at least $1000/month
- Be 18 years of age or older and a U.S. citizen
- Have a checking or savings account with direct deposit.
To apply for a payday loan, complete and submit the application found on our website. The approval process will immediately get under way and you will be notified of your status.
We need your name, address, employment information and banking details in order to complete your payday loan request.
We respect our customer’s right to privacy in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive data transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.
Payday Loan NY nevercharges applicants a fee to qualify for a payday loan.
No. Submitting an application simply states that you wish to review the payday loan options. You may ask questions, and withdraw your request if you so choose.
Bad credit will not prevent you from receiving a payday loan at Payday Loan NY.Ā As long as you meet the loan requirements you will be granted a payday loan.
Whether you rent or own your home, it does not affect your eligibility for a payday loan.
There is rarely a need to fax any personal details.
No, all other payday loans must be repaid before another may be granted.
Your bank account must be set up with direct deposit to qualify for a cash advance. It is the most secure way to offer loans as quickly as we do.
Your application will be processed within minutes of being received. Once approved, you may collect your loan no later than the next business day.
You will receive an email notification once your loan has been approved.
Typically, repayment is schedule on your next payday.
Contact us if you wish to pay off your loan before the scheduled due date. In doing so, you may be entitled to a partial refund of your loan fee.
If you cannot repay the full amount of your loan by the due date, you may be able to request a loan extension. But you should make every effort to repay the loan on the due date to avoid late fees.
We are available any time you need financial assistance between pay periods. We encourage all of our clients to use these loans responsible and keep in mind that a payday loan is a short-term solution to an urgent cash need; they should not be used repeatedly to deal with continuous budgeting issues.