About Online Payday Loans


What is a payday loan?

A payday loan is a short-term financial product designed to be used for emergency expenses. Payday loans are intended for small amounts of money (between $50 and $1,000) and short repayment terms (between two and four weeks), becoming due in full by borrower’s next payday.


Can I apply for a payday loan in my state?

Please check payday loans’ status in your state here.


How much can I borrow?

Payday loans’ minimum and maximum loan amounts vary from state to state and from lender to lender. Generally, you can borrow between $50 and $1,000.


Can spouses have separate payday loans?

Yes, each spouse can apply separately for a payday loan, considering that each applicant is treated individually.

Payday Loan Application Process


What does a borrower need to apply for an online payday loan?

Borrowers must meet the following requirements:

  • Be a resident in the chosen state for a payday loan application.
  • Be at least 18 years of age.
  • Prove your identity (providing a valid SSN or ITIN).
  • Provide a valid email address and phone number.
  • Have a bank account.


How do I apply for an online payday loan?

Applicants are required to complete and submit a simple application form, which will take up to a few minutes. There’s no need to submit unnecessary documentation.


How will I know if I’m approved?

After submitting the payday loan application, customers must wait for an instant approval decision delivered via the provided email (in case the loan application is approved).


Do I need to be employed?

Borrowers are not required to provide proof of employment. However, they must have a verifiable source of income, that will ensure they are able to repay their payday loan on time.


Is collateral required for applying for a payday loan?

No, payday loan applicants don’t have to provide any collateral.


Is there any cost to apply for an online payday loan?

No, ASAP Finance services are free of charge.


When will I receive my funds?

It depends on when your application is approved. Usually, the funds will be deposited into your bank account the next business day. If applying early in the day, you may get funded the same day.


Payday Loan Repayment Information


When will the payday loan be due?

Payday loan duration varies from state to state and from lender to lender. Generally, your debt will be due on your next payday. The due date is stipulated in the loan agreement.


How can I pay back my debt?

The owed payday loan amount is debited from the borrower’s bank account on the due date. Depending on the lender, you also may be able to repay your loan online (or in-store).


Can I pay my loan early?

Yes. In some states, repaying a payday loan early can reduce the interest that accrues on the borrower’s payday loan. No prepayment penalty will be applying, whatever the state.


What happens if I can’t pay off my payday loan on the due date?

You may be charged additional fees. Also, your credit score may be negatively affected.


Can I refinance my loan?

Yes, some lenders allow payday loans’ refinancing. Check the payment plan options with your lender.

About ASAP Finance


Why choose ASAP Finance for urgent financial needs?

Here at ASAP Finance, we focus on serving our customers, providing them with financial alternatives to traditional bank loan products. Applying through ASAP Finance, you can get immediate access to secure financial services. You don’t have to waste your time and efforts looking for multiple loan offers. We can connect you to a large network of reputable licensed direct lenders, who provide safe and competitive online payday loans.


Is my personal information safe with ASAP Finance?

Yes, ASAP Finance greatly values its customers’ privacy and online safety. Please click here to read more about our Privacy Policy.