About I Need Payday
What is I need payday? From its name alone, you can already infer that, it is a payday loans. But why do we also call it an short term loans? The answer is simple and pretty obvious, because it is easy to get this type of loans same day.
What is a Payday Loan?
To be very specific a payday loan is usually high cost loan which is due until your next wages day. The minimum loan available is for $100 based on your state's laws such loans are available in any storefront payday loan lenders or can also be applied online.
Payday loan can also be considered as a portion of your next payday cheque. These loans are offered by businesspersons and not by any bank. Such loans are taken if you're running out of cash or need extra dollars for buying something before your next salary day.
Payday loans online are a short term loans but consists of very high rate of interest. The repayment of loan is generally considered to be repaid in one installment.Apply Now
Every state has its own laws or have set maximum amount to be taken in payday loans. The payday loans fees ranges from $10 to $100 based on 12% to 30% of interest rate. In many states these loans are not approved by the government as it is given by private business houses.
Before you apply for payday loans online check with the policies, terms and conditions of the lender. Also, check whether your state allows the loan or not and if yes then what is the maximum amount allowed by government.
Checklists before you apply for payday loans online:
- Must be a US citizen or a green card holder
- Minimum age should be 18 years or above
- Should have a bank account in any bank
- A regular monthly source of income is must
Know More About Our Services
We offers low intrest rate payday loans services for our customers, easy to apply...
What are the types of loans available on I Need Payday?
With Indeed payday you can avail for a wide range of payday loans online. Following are the types of loans available with us:
A short term loan which is due until you receive your next salary cheque. The maximum duration of such loans are for 30 days. Your next pay cheque has a portion of amount to be paid back to your money lender along with interest rate.
Comparatively, these are long term loans for a time period of one year and has lower rate of interest. The borrower agrees to payback amount with pre scheduled date and Installment mentioned on the agreement paper.
Payday Installment Loans
The duration for such loans are for a time period of two to six months and interest rates are higher. Such loans are suitable when there's sudden need for a small amount of financial requirement. Whenever your next pay day comes you can easily return back the amount with credit amount charged.
Line of Credits / Revolving Credit Plans
These are unfolding form of loans which has no fixed day of Installment payment or any time duration. It is before decided amount, terms and conditions which the institution has agreed to sanction the amount for you. Such loans facilitates you to pay back the amount all at once or with easy monthly Installment based on your convenience.
Following are the states where payday loans are available legally:
- New Hampshire
- New Mexico
- New York
- North Dakota
- New Jersey
- New York
- North Carolina
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
Step by Step Payday Loans online application procedure:-
Find out an appropriate and authorised company which is offering payday loans online. Unless and until it is the only option left with you to take a payday loan don't go for it. Read carefully the terms, conditions and policies of company before applying for loan. Research the web and then after reading their terms shortlist some of the companies you find reliable. Only if you find the credit rate reasonable then only shortlist them. Also, look carefully if their are any form of hidden charges involved or not.
After shortlisting the sites, check for the reviews and ratings based on customers. The Better Business Bureau are most reliable source to check for reviews. After this go for the company which has best ratings and the interest rates seems okay to you.
Once you've compared based on all the aspects go to the company's website you've finalised. Open their application form from homepage and fill out the details asked out their. Details usually asked to filled are like name, address, contact number, account holder's name etc.
The next step is to select your state and then check for the policies and credit rate available in your state. Every state has its own rules and regulations for payday loans. Cross check whether you've filled the correct state before applying for payday loans online in next step.
Be very sure that you've checked whether their are any hidden charges apart from interest rate or not. As per the truth in lending act the lenders must be crystal clear with the policies for customers. The common percentage rate ranges from 12% to 40% of every amount sanctioned for borrower.
Next is to wait for your loan application to get approved. After you've filled the details asked at the time of application it is rechecked by lender whether it is true or not. Regularly check your email as you'll receive a confirmation message their.
After approval of loan the company itself transfers the amount to your given bank account details you've filled in application form. As soon as your payback day comes the company automatically draws back the from account along with interest rate you agreed to pay on.
What our happy customer says about our loans services...
INeedPayday.com website has been a life saver for me in times of need extra cash and have been prompt and efficient in processing my application. Well Done Team!
- David R.
INeedPayday.com website is doing amazing job! The loans application So fast and so easy to apply. My loan is approved same day. Thank you team!
I have to need urgent money and I hate asking friends and relatives for help. It spoils the relatives. In case I need money I apply for a payday loan. It's the best solution!.
Since I met all your necessities, my payday loan was processed very fast and approved less than 1 hour! This is such a great way of getting additional and much needed money!
Questions and Answers (Q&A)
What is a payday loan, and what can I used it for?
A payday Loans is a small Loan that you can get on the same day you apply that will help you reach payday. These loans can be used for a wide range of purposes such covering unexpected costs or going on holiday. The most common use is probably for emergency bills.
Do I qualify for a payday loan, if i have poor credit?
Normally all you need is a regular income and a bank account. Some payday loan providers may also require that you have a chequebook. You must also be over 18 years of age.
How much can I borrow loan from your website?
Normally you can borrow between $100 to $1500 or up to around $3000 but this may vary slightly depending on the suppliers.
How much interest do I have to payback?
This varies between lenders but as a realistic example, if you borrowed $500 you could expect to pay back around $625.
What kind of paper documents will I need to provide?
This should be detailed on the provider's website but you will normally require your last pay slip, proof of your address and bank statements.
How long does it take to get the short term loan?
This varies according to the lender but some lenders secure your loan on the same day you apply, whilst others may provide it the day after you apply.
How do I pay back my loan amount?
Paying the loan amount back is normally done using a debit card. You can also use a cheque or directly online net banking.
Do I should have a own home to apply payday loan?
No you do not need to own a home. As long as you can provide details of your address, your homeowner status should not matter.
How much will it take time to procure a loan approval?
To procure a loan approval through us you will not have to wait for more than a few hours.
Can I still get a payday loan if I have a poor credit history?
As long as you can prove that you will be able to pay back the loan and its interest, you will still be able to acquire a payday loan.