Payday Loan FAQ
Quick, honest answers about how instant payday loans work.
Many borrowers receive funds the same day or next business day after submitting and being approved. Speed depends on the lender and when you apply.
Up to $1,500 depending on your income, your state's regulations, and the lender's policies. Your specialist will confirm the available amount.
No. Payday lenders in our network typically don't perform hard credit checks. Your income and ability to repay are the key factors.
No. The entire application process is 100% online. No faxing, no scanning, no branch visit.
Typically on your next payday — hence the name. Exact terms are set by the lender and disclosed before you sign anything.
Many lenders accept gig economy income, freelance income, and self-employment. Enter your income source in the application and your specialist will advise.
Yes. An active checking account is required for direct deposit of your funds.
No. My Instant Payday is a lead generation and loan connection service. We connect you with licensed third-party lenders who set their own loan terms.