How payday loans work
Wednesday December 10, 2008
A payday loan doesn't offer the large amounts that a personal loan can.
If you need a few hundred dollars quickly and you can repay it quickly, a cash advance loan, also known as a payday loan, can often be the solution.
Cash Doctors, an Australian payday loan lender, is capable of providing a payday loan of up to $600 to eligible people in as little as 60 minutes.
Before you organise a cash advance with Cash Doctors, you need to be eligible for these criteria:
- You have been employed for at least 3 months.
- You have an income of at least of $400, after rent and mortgage payments.
- If you are self-employed, you are unable to be approved for a Cash Doctors payday loan.
Cash Doctors cash advance loans do not require paperwork to be filled out. Their payday loans applications are filled out online.
- Fill in a payday loan application form online and submit it. This stage takes around 5 to 10 minutes to complete.
- Contact between your payroll officer and Cash Doctors must be organised. The details provided in your payday loan application are confirmed with your payroll officer.
- Depending how quickly your payroll officer responds to Cash Doctors, approval can be given within an hour.
- Funds are transferred to your nominated bank account.
If you need money in a hurry, consider a cash advance loan with Cash Doctors.
