Important Things about Payday Loans Online

Important Things about Payday Loans Online

If the bank rejected your loan application, while the financial problem is acute - get a loan without collateral from one of the most popular payday lenders InstantCashTime, LendUp, ACE Cash Express, Speedy Cash. Using online service, the required amount will come to your card within 20 minutes - without collecting documents in banks and losing property in pawnshops. The whole process is carried out online, so you can borrow money without collateral at work, in a shop or at home in any city. The main thing is to have access to the Internet. But before you apply for a loan, check the most frequently asked questions to learn more about a payday loan.

How much can I borrow?

If you are a new client of InstantCashTime, there may be limitations for a loan for the first time. The maximum amount of your loan will be from $500 up to $1000. Each subsequent loan available amount increases. With constant use of the services and meeting the repayment terms, the loan amount can reach $2500. The loan amount depends on your income, which should be sufficient for the loan repayment.

How long does it take to apply for a loan and how to find out the result?

InstantCashTime Verification Department operates 24/7 as well as of other reputable services like LendUp, ACE Cash Express, Speedy Cash. If you are using this service for the first time, you can note that your application will be processed within 15 minutes. Subsequent requests are processed even faster. The system remembers all the data entered by you, and they will not need to be entered again. It is enough to log into your personal account and simply select the amount and term of the loan, then all the completed data is analyzed by the credit algorithm automatically.

After reviewing the application and making a decision, you will receive an SMS to your mobile phone number and a notification to the email address specified in the application. If the application is approved - the funds to your card will be transferred instantly.

For how many days is it possible to extend the loan?

InstantCashTime payday lenders have developed favorable terms for the clients to prolong - the loan can be extended for the period for which it was issued in most cases. To do this, you must pay interest on your active loan for the period of use. The amount of payment is determined individually, based on the amount of the initial loan and the period of use of funds. You can find out the exact amount in the user's personal account. You can use the extension service for an unlimited number of times in some companies while in others you have the right to extend the loan for a limited number of times mentioned at the lender's site. You can activate the service in the user's personal account or ask for the customer support.

Read here if you've got a payday loan and don't know how to pay it back.