How It Works

The process is straightforward and fast

There is no need for collateral, a guarantee or any pre-payment whatsoever.


  • Complete our easy 2-minute application.
  • If approved, compare offers and rates from lenders. You are under no obligation to accept any offers.
  • Accept a loan by reviewing and accepting the conditions of the loan agreement.
  • Wait for the money to hit your checking account automatically by the next working day.


To qualify for a payday loan, you need to have the following:

  • A valid e-mail address
  • Work and home and telephone numbers
  • A valid checking account in your name
  • After-tax income of at least $1,000 per month
  • You must be at least 18 years old
  • You must be a citizen or permanent resident of the United States
  • You must live within one of the states that permits payday loans
  • You must have been employed in your present job for at least 90 days

The acceptance process: How it operates

  1. Once the secure and encrypted online application is submitted and received, the PaydayLoansOnline lender network will review and verify the information.
  1. If a lender reviews your application and decides to offer you a loan, you should read through the offer thoroughly. You are under absolutely no obligation to accept any offer if you decide that it is not suitable for you. Simply apply again and compare until you find one that suits you.
  2. When you have found a loan that meets your needs and are ready to accept, the next step is to confirm agreement of the lender’s terms. You will be redirected to the lender’s webpage where the terms will be clearly explained in line with the Truth in Lending Act and various state laws.
  3. When you have accepted the terms and signed the loan agreement, the lender can disburse the payday loan into your checking account within one working day.

No hassle direct repayment

There is no need to remember to physically write a check and mail it to repay the loan – once the pre-agreed repayment date is reached (usually on or after your next payday), the lender with automatically retrieve the monies directly from your bank account. This removes the chance of late fees due to missing checks or slow postal deliveries. Your lender will provide you with a clear and easy to understand repayment schedule, detailing all fees and charges that will apply.

PaydayLoansOnline is not a lender. Instead, we are specialists in connecting individuals in need of small short term loans with network of established online lenders. We cannot guarantee that any application will result in a loan offer. PaydayLoansOnline has no input into lenders’ rates, fees, loan terms or conditions.