A payday loans can help you get the money you need to cover unexpected expenses in life. If you choose to apply for an online payday loans, you will usually need to enter the following information:
Personal information, including your full name, address, telephone number, social security number and a valid identification number
Information about income, including your type of income, employer information (if any), your earnings frequency and your income (some countries may require an income verification, in which you will need to submit a payment stub or a copy of a bank statement)
Banking information, including your check account number and routing number (this is used not only for loan repayment but also for getting your payday loans money)
Card information is sometimes collected if you choose to pay off your payday loans using a debit card rather than an ACH payment
What do you need to get a payday loans in-store?
Payday loans terms are essentially the same to apply in store and online. The main difference is that you will provide a post-dated check for the refund, rather than providing information about your bank account. Some payday loans stores may offer the option of automatic payment by bank transfer or debit card.
Payday loans requirements
Not sure if you meet the eligibility criteria for a payday loans? The requirements for getting a payday loans differ depending on the lender and the state. Generally, the items you need to apply are compatible with all payday lenders.
Meet the age requirements in your state
(18 in most states)
Government-issued photo ID issued by the government
Open and active bank account
Stable source of income
Work telephone number
Let’s get more specific
While the specific requirements may vary depending on the lender, it is best to be armed with the following when applying for a payday loans.
Valid phone number
(usually required for payday loans online)
Frequency of the pay cycle
Type of income
Employer’s name, address and telephone number
Net and gross amounts of income
Bank account information
(usually used as a form of refund when applying to a payday loans store)
(for optional automatic payment)
Verification of account and routing numbers
(frequently used for online payments, but also used to finance payday loans online)
Additional payday loans requirements
Some payday lenders may also ask you to provide an income verification. This requires you to provide your most recent bank statement showing the last 30 days of activity. Most lenders offer you different options for submitting an income verification, for example by logging into your account and taking a screenshot of your account activity or by emailing or faxing your bank statement.
If you are applying for an online payday loans, the lender may have practices in place to verify or authenticate your account. These steps are designed to protect your personal and financial information and prevent identity theft. Lenders may ask you to check by phone, SMS, e-mail, or with specific questions about credit history or public documents.
Once you have your needs ready, you can start an online application at any time. The app only takes a few minutes and is followed by an instant loan decision.