Payday Loans Online

Payday Loans Online - Short Term Borrowing Made Easy

Payday loans are unsecured loans that usually get repaid in 30 days or less. You don't get a payday loan to finance a car or other major purchase, but these financial instruments prove convenient if you have short-term medical, school or holiday expenses your must pay right away.

How much can I borrow?

The loan amount you can borrow varies based on a few factors. Certain states, for instance, place limits on how much you can borrow with a payday loan. Individual lenders also usually have maximum loan amounts. Your income also helps determine what you can borrow. Generally speaking, payday loan amounts range from $50 to $1,000.

What is the process to get a loan?

To get a payday loan, you must first apply online with a reputable lender such as SlickCashLoan. The fast approval process usually lets you know if you're approved within minutes, and once approved, loans typically fund by the next business day. At that point, the money appears in your account, allowing you to pay bills, make car repairs or do some holiday shopping.

What happens when my loan is due?

When you take out a loan, it has a due date that corresponds with your next payday. A small one-time finance charge that's fixed and straightforward gets added to your payday loan amount when you repay the balance. Unlike credit cards, payday loans don't require minimal monthly payments or accrue compounded interest.

Benefits of Payday Loans

Payday loans offer several benefits over other short-term financing options such as title loans, pawn shops and credit cards, including:

Fast and Easy Approval Process

Not only does the payday loan approval process take just minutes, you also don't have to leave your home. As long as you have an internet connection, you can receive payday loans online.

With a title loan, you have to get your vehicle inspected so the lender can estimate its value. Borrowing from a pawn shop requires going to its physical location. Though you can apply for a credit card online, it doesn't arrive in the mail for several days. Payday loans offer the fastest funding with the least effort of any short-term borrowing method.

No Risking Personal Assets

Both title lenders and pawn shops require you to pledge something you own as collateral for the loan. In a worst-case scenario where you can't repay the loan, the lender can assume ownership of your personal property. In the case of a title loan, the collateral is your mode of transportation, which can prevent you from getting to work should you default.

Payday loans are unsecured loans, which means you don't have to secure them with personal assets. This makes payday loans a low-risk way to borrow money when you're in a bind.

Tightly Regulated Industry

The government monitors payday lenders closely, which means companies that fail to meet stringent requirements can't do business. This oversight protects you from unscrupulous lenders. SlickCashLoan and its partner lenders are licensed by the government and follow all regulations for added assurance and peace of mind.

What is the next step?

You can get approved for online payday loans from SlickCashLoan in a few simple steps. First, access the application on our website. It's only three pages long and takes just minutes to complete.

The first page asks for basic personal information, and on the second page, you list your employment details. The last page requests your bank account deposit information so the lender knows where to put the money after approval.

If you need money now and can't wait until payday, don't delay. Apply today, and get your money as soon as tomorrow.