A payday loan is an excellent option to consider during your financial crisis, when you have been denied a loan from larger financial institutions because of circumstances or a poor credit score. It gives you quick access to cash when you need it the most.

What Are Payday Loans Online?

Payday loans online are short-term loans, which can help you cover your unexpected financial emergencies such as a medical bill, car repair, home repair or temporary unemployment. You can receive funds into your checking account within one business day. These loans do not require collateral or checking your personal financial history. However, you need to have a stable income so that you can repay the loan amount on the due. Unlike traditional bank loans, you do not need to wait for several days or weeks for this loan to be processed and approved.

What Are the Requirements for Online Payday Loans?

Requirements for online payday loans may vary depending on lenders and the state you live. However, you must:

  • Be 18 years of age or older
  • Have an open and active checking account
  • Have a steady source of income
  • Have a government-issued ID
  • Provide your Social Security Number
  • Have a valid email address

Where to Request for Online Payday Loans

One of the best places to request for payday loans online is CashOne. Requesting for an online payday loan from CashOne is easy and straightforward. You just need to fill out an online loan request form with your necessary details including your personal information, source of income, and bank account information.

Within a few minutes, you will be informed about your loan approval status. You will be connected with a lender if your loan request is approved. Your lender will transfer funds directly into your checking account the next business day.

You need to repay the loan amount with interest and fees within 2 to 4 weeks or at your next pay date. If you do not pay back the loan amount on time, then the funds will be automatically withdrawn from your account on the due date. Be sure to consult with your lender if you want to request for an extended payback time.

Need quick cash to solve your financial crisis? Request a payday loan online from CashOne today. We ensure a quick loan process and fund transfer to help you in any emergency.

Author's Bio: 

Robin Williams is an Executive at CashOne, which serves to connect consumers across the U.S. quickly with its authorized lender network. Robin has more than 20+ years’ experience in Administrative Management, with several years in the lending industry.