How Do Payday Loans Work?

Payday loans are short-term loans, with maximum loans amounts based on income from your paycheck. The borrowed loans allow you the emergency financing you need, but come with higher APR percentages. All loans are repaid in installment payments agreed upon between you and a payday loan lender.

When Should You Consider A Payday Loan?

Unexpected expenses or changes in income can lead to a short-term need for help with medical bills, auto repairs, accidents, rent, food, household expenses, or utility bills in between paychecks. Loan applicants have also used short-term loans to help cover costs for moving expenses, financing a vacation, and funeral costs. Payday loans should only be used for short-term financial needs. Snappy does not recommend taking out a payday loan for the purpose of paying off credit cards, or other types of secured or unsecured debt.

How To Apply For A Payday Loan

Snappy Payday Loans is an online marketplace connecting consumers with payday lenders, allowing you access to the short-term financing you need. Our online application is fast and easy, allowing you to get the funds you need within 1-2 business days upon approval.

Payday Loan Requirements

Each state has specific loan requirements. To complete our online application, you must:

Be at least 18 years of age and a resident of the USA

Have a regular job or required income to meet the minimum required salary

Have a valid government issued driver’s license or ID

Have an active bank account that accepts electronic transfers

Provide a working phone number and email address for verification

For those searching for ‘payday loans near me’, there’s no need to leave the comfort of your home to apply at a local loan location near you. The decisions are made online, and if approved your lender will be in contact with you shortly.