Getting a Same Day Cash Payday Loan
When someone is experiencing a mid-week or mid-month money shortage caused by an unexpected expense, they most likely need the extra money urgently – as soon as on the same business day. As an experienced lender, we understand that when it comes to short-term personal finances, speed matters: so we have streamlined our processes as much as possible for our customers to be able to sort our their cash emergencies as quickly as just within 2 hours.
First, we would like to explain how our easy online application process works. If you need the money on the same business day, simply head over to the Calculator or Apply Now page to see if you meet our eligibility criteria – and if you do, how much you would be eligible to borrow.
The online application form takes around 5 minutes to complete and asks for a few personal and employment details – all of which take part in helping us determine whether a loan from us could be suitable for the potential borrower. Once it has been completed, a personal online Payday Advance account will be created automatically – it can be used for tracking the status of the loan application, uploading documents, updating personal details and applying for future renewals.
We normally ask for the following documents to be able to finalise the application:
- A copy of a photo ID
- 3 (or often less) months of bank statements
- Proof of address (only if the statements don’t have it on them!)
Sending these documents can be very easy – in fact, we give our customers a number of options:
- Scan and email them to us;
- Take pictures on a camera/smartphone and email;
- Take screenshots on a smartphone, tablet or computer and email;
- Fax;
- Upload the files directly from your online Payday Advance account!
Getting the documents together doesn’t usually take our customers too long, and once we receive the paperwork, we will do some final checks against our Responsible Lending criteria to see if we can approve the application – this usually only takes us about 30 minutes.
If the small cash loan application is approved, we can transfer the funds either overnight or within 30-60 minutes of the final approval (conditions and a $20 fee apply).
As you can see, the whole process can take just under 2 hours – from filling out the online application to the funds reaching the nominated bank account! Applying for a same day loan from Payday Advance can be easy and fast, so talk to us today to see how we can help sort out your short-term cash emergency!