How do I qualify for the loan approval?
In order to qualify for a short-term loan, you must meet the following requirements:
» You should have a current employment of at least three months old.
» Own a checking account, with at a least a three-month history.
» Maintain a monthly income of $1000.
Do I need to send any documentation?
We do not require any documentation prior to loan approval.
Will I be approved, if I have a bad credit?
Yes- we generally do not run a credit report
How do I apply?
Simply click here, fill in the information and submit.
When can I know my approval status?
Once you submit your online application, your status is communicated instantly.
What do you mean by a Payday Advance Loan?
A small, short-term cash loan that must be paid back on your next payday is termed as payday loan. These loans are intended for use in immediate or emergency situations.
How much do you charge and what are the interest rates?
We charge $30 for every $100 you borrow. Generally, our APR ranges from 365.00% to 1564.28%. Please visit our Fees page to learn more.
When and how do I receive my loan?
Once the loan is approved, we will deposit the agreed-upon amount directly into your checking account by the end of the next business day.
What if I request a loan on weekend?
Loans requested before 8:00 p.m. (EST) on Friday will be deposited on the following Monday. Any loans requested over the weekend will be treated as loans requested on Monday. For example, if you request a loan on Saturday or Sunday, we will contact you on Monday, and you will receive your deposit on Tuesday.
What if I apply for an unintended loan?
We do allow the cancellation of loans. If you apply for a loan and then realize you do not need the loan, you can return the loan to us before the end of the business day.
Do you offer loans to a military personnel?
Sorry - we do not provide loans to a military personnel.
How do I repay the loan?
On the due date of your payment, we will withdraw the money from your account.
How quickly do I have to repay?
Your loan payment is due on your next payday, unless your payday falls within seven days after receiving the loan. If so, then you have until the next payday to make your payment. For example, if you borrow money on Wednesday and your next payday is Friday, you will not have to pay back the loan until the next payday after Friday. We never lend funds past 30 days.
Can I pay back the loan before its due date?
Of course! We encourage the prepayment of our loans. If you repay the amount ahead your due date, you may even qualify for a refund of a portion of the loan's finance charges.
Can I pay back the loan in increments?
Yes, you may make partial payments to the loan, as long as they are received before the payment due date. We do not allow partial payments at the time of loan maturity - you must pay the loan in full when the due date arrives.
What if I can't pay the loan back?
It is imperative that you contact us right away. We allow for an extension if you contact us at least two days prior to the loan's due date. However, we will charge an extra $30 for every $100 you have borrowed.
How can I trust Instant Payday Cash to withdraw the correct amount from my account?
Instant Payday Cash has been authorized to utilize the Federal Reserve Wire System, which means we are subject to NACHA regulations, as lenders. We do follow state and federal laws, withdrawing only the amount agreed upon.
Need further assistance? Email us your query at firstname.lastname@example.org.