Right now is an incredibly hard time for so many people as we navigate the waters of COVID-19. With the world shutting down and quarantining, it can feel like every person is on their own, fending for themselves.
It may feel like it’s hard to find the financial aid you need right now, but here’s a reminder: you are not alone in this. A payday loan can be a great solution to get the short-term funding you need to last you until your next paycheck.
To help you out, we’ve put together a simple guide on how you can apply for and receive a payday loan, all completely online from the comfort of your own home.
How Payday Loans Work
Payday loans differ from traditional loans in that they provide immediate funds and are short-term, based on your next paycheck. A traditional loan can take days or weeks to be approved, whereas a payday loan is typically approved within minutes.
They are small loans, varying anywhere from about $100 to $300 and is based entirely on your current income. You simply pay back the loan when you receive your next paycheck, online.
Payday loans allow you to make use of money right away for unexpected expenses or emergencies with no full credit check, and no need to come into a physical office.
How You Can Apply Online
With direct payday lenders such as Cashback Loans, you can get an online payday loan to simplify the process during the COVID-19 outbreak. Every step is done online, from approval, to funding, to payments.
To apply, you will need to gather a few simple documents. Once you have gathered these, scan them and submit them as part of your application.
You will only need to answer a few questions since payday loans are short-term and don’t require lengthy approvals or credit checks. The application process should only take about 15 minutes.
How You Can Be Approved Online
The online payday loan approval process is straight-forward and easy. After you answer some simple questions, you can submit your application for approval.
Within just a few minutes, a lender will have reviewed your documents and application and will notify you of approval. It’s really that easy!
How You Can Receive Funds Online
Once your loan application has been approved, your funds can be immediately deposited into your bank account if your lender offers a direct deposit option.
Some payday loans will take several days for you to access the funds, so it’s important to work with a lender like Cashback Loans who can deposit the funds within minutes—no hassle, no waiting. We aim to make the process as smooth as possible and provide you cash in your account as soon as your loan has been approved.
Since we are limiting how much physical interaction we have during the COVID-19 outbreak, it’s important to have an easy online system to apply for, be approved for, and receive a payday loan. Luckily, because lenders like Cashback Loans want to make the process simple for you and get you the financial aid you need immediately, you can complete the entire payday loan process completely online.
If you or a loved one is needing funds right now, we can help. Apply directly online without ever leaving your home, and hear back within minutes about the cash in your account. While we may be quarantined, we don’t need to be alone in this. We’re here to help you.