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Fast Payday loans are relatively small, short-term, unsecured, consumer loans. Consumers apply for fast payday loans through the internet, with loans ranging from $100-$500. If approved, the loan amount is then wired overnight into the applicant’s checking account.

Currently, fees charged on fast payday loans online range from $15 to $30 on each $100 advanced. However, the cost of getting payday loans should be viewed as a service charge. According to market research, banks and merchants charge an average non-sufficient funds fee of $24 per check. Credit card companies impose an average late fee of $26, while auto finance companies charge $23. In contrast, the average finance charge on a payday loan is about $18 per $100 borrowed.

Payday loans are an alternative to bouncing checks, pawning personal property, or borrowing money from family and friends. Consumers may also use payday loans to avoid late-payment penalties and negative marks on credit ratings. When used responsibly, payday loans can provide valuable assistance to these short-term cash needs. However, you should evaluate the costs and benefits of all alternatives before borrowing. Other forms of short-term credit that may be less expensive include a loan from another institution, a credit card cash advance, an account with overdraft protection, or a salary advance.

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Cash Loan Requirements


1. Are you 18 years old or older?
2. Are you a U.S. Citizen?
3. Do you have a job or have a steady source of income?
4. Do you make at least at $1200 each month?
5. Do you have an active checking account?

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