According to a survey, almost 60 million individuals are defaulting, that is, more than 40% of people over the age of 18 have debts that they can not pay on time. If you have outstanding debts, request a payday loan proposal online as it is a quick and safe way to have money in the account if approved.
But, how to apply for personal payday loan online? This text is here to explain to you the step by step how the online payday loan works through website, and can be done by the computer, tablet or smartphone.
You will see how fast and safe it is by following the 3 steps below. In the end, you will know the whole payday loan process, so come on!
Step 1: Fill out the form
We want to start a relationship that is transparent and trustworthy. In the first step, we ask for information about the contact information for the identification of the user who wishes to request a payday loan . Through this identification we will contact you if need be.
One way to guarantee security is through a code sent by SMS to the registered number. This process is for validating the user’s phone.
A great advantage is that it is not necessary to send photos or files of your documents. Our validation of the information is carried out with external databases, which guarantee the veracity and security of the registered data.
When applying for the payday loan, you need to know how much of your income you can afford over the months in which you will pay the installments. With employment and income data, we have been able to suggest a value and a term that fits in your budget.
Also enter the account details for which you want the money to be transferred.
Through the cross-checking of bank account data and the data provided, we identify the veracity of the information and thus guarantee the safety of our users.
Step 2: Payday loan Simulation
When you reach this stage you will tell us how much you need and how long you intend to pay. The payday loan amount ranges from R $ 200.00 to R $ 3,000.00 and the term from 3 to 12 months.
Before you get here, it is important that you calculate, in addition to how much money you need at the time, how much you can pay each month for the payday loan. For this, you have to consider all your basic expenses that consume your income.
The financial organization is very important for you to be able to pay your outstanding bills and also to repay the installments of the payday loan in the future.
After confirming the values and deadlines, we will perform a credit analysis that is very fast.
Step 3: Return of the proposal
After a very quick credit analysis, you get the answer to the payday loan application. There are some answers from our system:
- Approved Request: You have passed all credit checks and credit analyzes automatically, in which case you will receive the requested amount in a few hours.
- Request Not Approved: Unfortunately you did not go through our credit analysis. However, you can make other requests in the future.
- Verification: You have been approved by the credit analysis, however, there was some divergence in the registered data. In this case, we will contact you shortly to verify the data and, if approved, you will receive the amount in a few hours.
- Against Offer: We suggest a different amount and term of your order with a greater probability that it will be approved.