When the circumstances force you to face the necessity of applying for a payday loan, it’s only natural to be confused and worried, unsure which type of loan to take and how to do that quickly and with the minimum fuss. You might be imagining long queues, persistent and suspicious managers, and tons of paperwork. In reality, you can apply and get approved for a loan within an hour. An online payday loan is the best option here because it’s represented by the most simple application process, characterized by 2 basic steps.
Step 1: Choose a Type of Your Online Payday Loan
The first step is studying and choosing the online payday loan you are interested in. Each site provides both brief and detailed descriptions of the kinds of loans they’re offering. There are various types of payday loans:
- 1-hour loan;
- 30-days loan;
- instant loan;
- cash advance;
- low fee.
It is essential to be attentive and study everything thoroughly before you make a decision. One thing you should mind is the peculiarities of the terms of taking out a payday loan that might vary depending on the state you’re in. Once you’ve determined how much money you’d like to get and what kind of interest rates you’re ready to pay, you can proceed to the second step, which is filling out the online form.
Step 2: Fill Out the Application Form and It’s Done
This step will take you about several minutes at most. Your only task is to provide truthful answers to the questions. The majority of application forms have just 6 basic lines that need to be filled. For instance, you must provide your real first and last names and the date of birth, as you can only apply for a payday loan only if you’re 18 years or older.
You also to have to use your working email and phone number since this is how you’ll be contacted once your application is approved. Same goes for the bank account you’re going to use. It has to be active because this is how you’ll get the money. The last step requires you to mention whether you have a steady source of income that will allow you to pay the lender back within the specified timeframe (usually a month).
Applying for an online payday loan is one of the easiest procedures that take less than an hour of your time. There are two simple steps that even those who abhor filling out anything will find easy. First, you figure out what type of loan you’re going to apply for. Second, you provide basic information about yourself. In about a day, the money is in your account!