FAQ

What is a payday loan?

It’s a small (usually under $1,000), short-term loan, cash advance, often used to cover unexpected expenses. It is backed by future income. This may be your next paycheck, a dividend or other type of regular income. The term of the loan is usually 30 days or less.

What service does PaydayLoansOkOnline.com provide?

PaydayLoansOkOnline.com is a money lenders matching service and does not make credit decisions. We connect consumers who are looking for financial assistance with independent, responsible lenders who may be able to provide a loan. If you are matched successfully with one of lenders then you are provided with the opportunity of entering a borrowing agreement with that specific lender.

Just press the “Apply Now”’ button and fill out the simple online application form. Your information will be shared with reputable payday lenders that are willing to provide short term payday loans up to $1,000 quickly, easily and securely.

You are under no obligation to accept the offer, but if you do, the lender will provide the instructions to do so. Every money lender has their own terms and conditions. If you have any questions about your loan, please contact your lender.

Does PaydayLoansOkOnline.com charge a fee to connect consumers with lenders?

Registering with PaydayLoansOkOnline.com is free. We are paid by payday lenders for potential customer referrals. Each lender will have its own fees, APR and terms. These charges come directly from the lender and not from our service.

How much can I borrow?

Payday loans are usually between $100 and $1,000. In many states the maximum loan amount available is regulated by state law. The amount of your loan will be based on a third party’s underwriting criteria as well as your income.

What are the minimum requirements to apply for a loan?

Individual, third party lenders have different minimum requirements, but the following constitute typical minimum requirements:

  • You must be 18 years of age or older;
  • You must legally live in the United States;
  • You must have a bank account that is currently not overdrawn;
  • You must have a valid email address and telephone number;
  • Have regular income of at least $1,000 per month
  • Must Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or a dependent thereof), serving on active duty under a call or order that does not specify a period of 30 days or less

How long does the application form take the fill out?

On average, it takes users between 2 and 5 minutes to fill out our application form.

Is the information I provide secure?

Our site employs a number of state of the art security measures are designed to keep your information secure. All sensitive data transmitted between your browser uses 128 bit Secure Socket Layer encryption technology. Your use of our services is strictly voluntary and is governed by our Terms & Conditions of Use and Privacy Policy.

How long does a loan transaction take?

From the time you register the process can be as fast as one business day. A number of factors impact this, including the time of day you apply, the accuracy of your registration, the lender and your financial institution.

Will lenders check my credit score?

Most of our lenders do not require credit checks and simply analyze the loan based on repayment potential, however some will check your credit score before providing a loan.

Will my credit score affect my application?

Not necessarily. Many lenders specialize in working with customers with bad credit history, so no matter how strong your finances are, you can still apply for a loan. There may still be lenders willing to accept your application, but there may be fewer of them when you complete the qualification process.

Will my loan be automatically renewed?

The answer to this question depends upon the state you live in and the lender. Each lender has its own renewal policies, as well as each state having their own laws regarding automatic renewal of payday loans. Be sure to ask your lender if your loan will automatically renew or if they have to receive your permission first.

Loan renewal will likely result in the addition of fees and interest to your loan balance. Make yourself aware of these fees before agreeing to any loan renewal.

I’m in the military, Can I get a payday loan?

We don’t have a credit service product to offer that meets the requirements of the Federal Law for members of the military.