- Home / How it Works
How it Works
Fill out the quick and easy online application
You can complete the online application for a loan through PaydayAllDay in a matter of minutes. The requirements for online loans are simple:
- Be at least age 18;
- Be a US citizen or permanent resident;
- Have an active checking bank account;
- Provide an active phone number and e-mail address;
- Apply for a loan only in the state where you reside;
- Have a stable and verifiable income.
Provide the requested information and hit "Submit." Make sure that all details are correct and your cell phone is available. Some lenders may call you to finalize the application process. A correctly completed application form increases your chances of a speedy loan approval!
Your application is sent to our lenders
After your application has been submitted, it will be reviewed by our network of lenders. Not long after submission, one of the direct loans lenders will make you an offer.
Review, Sign and Get approved!
Review the loan offer, especially the small print at the bottom of the page. You must understand all the rates and fees, terms and conditions, repayment schedule, and minimum monthly payments.
If the loan offer suits you, sign the loan agreement and send it to the lender.
Loan approval is almost instantaneous for payday loans. For personal loans, you may need to wait up to one business day.
Receive your loan
Your loan will be disbursed to you through direct deposit. The funds will appear directly in your bank account. From start to finish, the entire loan application process typically takes no longer than one business day.
For many personal loans, the deposited loan amount will be less, than the approved one, because of the loan origination fee.