Applying for a payday loan online usually takes a few minutes, but the steps you take before and after the form matter more than the form itself. This guide walks through the process so you know what to expect and what to check.
What you need before you start
- A government-issued photo ID and you must be 18 or older
- A checking account in your name
- Proof of regular income, such as pay stubs or benefit statements
- A working phone number and email address
- Your Social Security number or taxpayer ID
Step 1: Work out how much you really need
Borrow only what covers the expense. A smaller amount costs less in fees and is easier to repay on your next payday. Our guide to how much you should borrow can help.
Step 2: Complete the online application
Enter your personal, income and bank details accurately. Mistakes are the most common cause of delays. Use the same name and address that appear on your bank account.
Step 3: Review the offer carefully
If a lender in the network offers you a loan, read the amount, fee, APR, due date and what happens if you pay late. Do not accept if any figure is unclear. Our post on calculating payday loan APR shows how to compare costs.
Step 4: Funding and repayment
If you accept, funds are sent to your bank account. Timing depends on the lender and your bank, so some borrowers receive money the same or next business day and others wait longer. Repayment is normally taken from your account on the due date, so keep enough money in it.
Before you apply: think about alternatives
Payday loans are expensive. Compare them with other options first, and learn the warning signs of scams.
Ready to see your options? Read about our payday loan process or use the form below.
Check Your Options Online
Fill in the secure form below. You will see the lender’s costs and terms before you accept anything.
Disclosure: CredQualify is not a lender and does not make credit decisions. We connect applicants with lenders in a network. Loan amounts, rates, fees and terms vary by lender and state, and funding times depend on the lender and your bank. Payday loans are expensive, short-term credit and should not be used as long-term financial solutions. Read the lender’s terms and see our Rates and Fees page before you accept any offer.