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What are payday loans?
Payday loans may also be known as quick cash loans, cash advance, short term loans, payday advances, cash loans, fast cash, fast loans, bad credit loans, and deferred deposits. All of these have a common purpose: they are simple, unsecured (no collateral required) short-term cash loans that an individual may borrow at times when they are in need of cash urgently and quickly. The repayment period is short due to the nature of the loan.

What do I need to qualify for a payday loan?
You must currently be employed (or receive regular income); be 18 years of age or older; be a U.S. citizen; and have a checking account. Other requirements may apply.

How much cash can an individual borrow?
A borrower may secure a quick cash loan in amounts ranging from $100-$1,000. The actual loan amount that you qualify for is not guaranteed and will be determined by your individual circumstances and the Participating Lender’s criteria.

How long do I have to pay back the loan?
Your loan is normally due on your next pay date. However, most lenders will allow you to extend your loan by paying a fee. Please contact your lender directly if you have repayment questions.

What if I can’t repay the borrowed amount within the loan terms?
If you are unable to repay the borrowed amount, you may be able to negotiate with your payday Participating Lender. The Participating Lender will each have their own policy for this type of situation.

How can I apply for a quick cash loan?
With OKCashLoans, our payday loans are easy to apply for. Simply fill in the secure application form on this web site with the required information, and submit it to us. You will receive a prompt response with all the necessary information from the Participating Lenders.

Am I guaranteed to get a loan?
We do our best to find a lender for you, but there is no guarantee that your loan application will be accepted. To increase your chances of being approved for a loan, be certain that you fill out our application with honest verifiable information and that you meet the minimum criteria: steady source of income, 18 years of age or older, own a bank account and are a U.S. citizen.

What if I am not employed but have a fixed income?
As long as you have a steady source of income, our Participating Lenders may be able to approve a loan for you. Enter your fixed income provider as your employer on the application and enter the number of months you have been receiving the fixed income when asked for months employed.

Are interest rates high?
Payday loans normally carry higher rates of interest than traditional lending institutions and banks; however, the approval process is quick and the cash is made available much faster than with traditional loans.

How long does it take to receive the funds?
Once approved, a quick cash loan may be available in your account within 24 hours of the loan being approved by the Participating Lender.

How do I qualify for a loan?
The qualification process is simple – simply fill out the secure online application form and your information is then sent to Participating Lenders who will offer you a loan with terms based on the information you have provided.

Do I need to have an active bank account?
Yes. You must have an active bank account so that the amount you wish to borrow can be transferred directly into your account.

 


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THE OPERATOR OF THIS WEB SITE IS NOT A LENDER, does not broker loans to various lenders, and does not make lending decisions on behalf of lenders. This Web Site does not constitute an offer or solicitation to lend. This site will submit the information you provide to a lender who makes short-term cash loans to borrowers who meet its own lending criteria and does not endorse any particular lender or charge you for any service or product. Providing your information on this Web Site does not guarantee that you will be approved for a short term cash loan. No special offer is promoted in this Web Site. This site will only submit the information you provide to a genuine lender. Providing your information on this Web Site does not mean that your short term cash loan is approved or guaranteed. The owner or operator of this site is not an agent, representative or broker of any lender. All lenders may not provide loans up to the maximum amount stated on the web site. The time for cash transfer may vary between lenders and it may depend on your individual financial institution. Faxing may be required in certain circumstances. This service may not be available in all states, and the states serviced by this Web Site may change from time to time and prior notice may not be given. For more information or queries regarding your short term cash loan, please contact your lender directly. These short term loans are designed to provide you with short term financing only and they should not be considered a long term solution. Some residents of some states may not be eligible for a short term cash loan based upon lender requirements.