Read more about MyPayDayLoan
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  • Fast loan approval and cash overnight
  • No credit check or faxing for payday loans up to $1,000
  • At least 18 years of age and a U.S, citizen
  • At least 90 days old checking account
  • At least 6 months employment
  • Monthly net income of at least $1,000

MyPayDayLoan Is Secure

MyPaydayLoan is a financial company that prides itself on the speed and security of its loan process. There is no faxing involved so the transfer of information is restricted between you and the approving officer. Although MyPayDayLoan will be contacting the list of references that you have provided, they will not be informed of the name of the company or your pending loan application.

Once all the verification is done and needed information has been completed, MyPaydayLoan will email you the status of your application. In many instances, this is the most preferred and secured means of communication because sometimes, you may not want some members of your household to know that you’ve taken a cash advance.

Memorable Business Experience

Getting your MyPaydayLoan payday loan application approved is fast and easy because as long as all the requirements have been submitted, your application will be processed within the next 24 hours. Most people meet the basic requirements of an active checking or savings account, at least 18 years of age and a US citizen as well as proof of stable income. And once your loan is due, you will only need to submit a payment request, still done online.

When it comes to loan renewal, you only need to submit a form online along with an electronic signature. Please bear in mind, though, that you need to wait at least 5 to 6 business days before you can submit a renewal application. There is no limit as to how many times you can renew as long as you are sure to pay the borrowed amount, or at least the minimum, by your next payday. If there is a need to change your due date and/or update your information, a friendly support team can be reached by phone or email for immediate assistance.

Convenience

Nothing beats the convenience brought about by getting a payday loan approved without leaving the comforts of your home. Other than that, the no credit check policy is a heaven sent especially since the percentage of people living below the creditworthiness line has drastically increased following the recession. MyPaydayLoan loans, in a way, offer hope to everyone who needs cash during an emergency.

Less Fees and Charges

MyPaydayLoan lists down all its fees and charges for you to look over prior to a signed commitment. This eliminates the possibility of getting a surprise list of hidden costs. You won’t see any other company online that provides three payment options:

1. You can pay the total amount due at once. If you are a Free Loan customer, all fees will be waived so you end up paying just the amount borrowed.
2. You can just pay the minimum and then sign up for a new contract for a new loan period
3. You can just pay the minimum plus some fees and then sign up for an extension

Whichever option you choose, you are guaranteed that the fees applied are reasonable and you are not entering an issue in usury. Bear in mind, though, that you must decide on your repayment option before the end of the business day and before your due date. Otherwise, the entire amount will be debited from your account.

In addition, you wouldn’t hear of any early repayment penalty with MyPaydayLoan. Early repayment penalty is when you have to pay at least two months’ worth of interest for paying your loan earlier than stated on the contract. Yes, it’s legal but it is something both the loan company and the borrower will be so much better without.