How a Payroll Loan Works

What a Payroll Loan Is

A payroll loan is a short-term loan for a small amount that is secured against your paycheck. Such loans are also referred to as payday loans, paycheck loans, cash advances, etc. A payroll loan gives you emergency cash to help you make ends meet between paydays. You will have your funds automatically deposited into your account. These loans are ideal for people who need cash in a hurry to cover immediate expenses, such as car repairs, medical bills, etc. Payroll loans can assit you in managing your cash.

How You Qualify

You can easily qualify for a payroll loan as long as you meet the following requirements:

1. At least 18 years old
2. A U.S. citizen
3. Employed or have another regular source of income
4. Make at least $1000 monthly
5. Keep a current checking or savings account

That's all you need to get a payroll loan. In most cases, you will not even need to fax us any supporting documentation. In most cases the process can be completed paperlessly. Additional conditions may apply depending on the lender.

Sign Up Process

Our sign up and approval process can be summed up in a few simple steps:

• Complete the sign up. Sign up to complete our lender's short, form.
• Receive an approval decision. You will soon know whether or not you have been approved for a payroll loan.
• Your payroll loan is deposited directly into your account. Once you've completed the process, you can have your funds electronically wired to your checking or savings account by the next business day in some cases.
• Repay the loan.The lender assigned to you will have their own set of repayment policies, so be sure to ask them about this when they contact you regarding you payroll loan