PayCheckToday.com provides quick and easy loans of up to $1,000.
Through PayCheckToday.com, applicants can be approved for a loan within minutes. Simply fill out the online application for instant pre-approval. The full approval process takes about one hour, and applicants who are denied will receive an email notification. There is no faxing required as long as all of the applicant’s information can be verified.
Applicants can apply for loans from $100 to $1,000. Once approved, loans will be deposited directly into the applicant’s checking account by the next business day (if approved by 5:00 PM EST).
The finance fee for loans is slightly above average at $30 per every $100 borrowed, but they do offer a very flexible repayment plan. The loan will be automatically refinanced for the first four due dates, which correspond with your payday, and only the finance fee will be due upon those dates. After the first four due dates, you will only be required to pay $50 towards your loan principal until the loan is paid off. This repayment option provides leniency for those that need additional time to repay their loans, and loans can be paid in full at any time as long as the applicant indicates their intention to do so at least three business days prior to the due date.
Qualifying for a loan is relatively easy. There are no credit checks or any of the hurdles generally associated with other loans. Applicants must receive at least $1,500 per month in employment or benefit income and have a valid checking account.
Overall, the ease of the loan application and approval process and the various refinancing and repayment options make PayCheckToday.com one of the better options available for cash advance loans.
Most attractive features: No faxing required as long as information on application is verifiable; funds available next business day.
Least attractive features: $30 per $100 finance fee.
Additional Services
None
Minimum Loan: $100
Maximum Loan: $1,000
Transfer Time: Loans will be deposited the next business day if the applicant is approved by 5 PM EST.
Transfer Method: Loans are directly deposited to the customer's checking account.
Term/Due Date: If the applicant's payday comes sooner than 7 days from the date they applied, the due date will be the following payday. Concurrent due dates are every payday thereafter until the loan is paid in full.
Loan Details: None
Minimum Income: Not Available ($1,500 per month if benefit income). Employment not available.
Source of Income: Income from employment and other types of recurring income are acceptable.
Bank Accounts: Checking
Additional Applicant Requirements: Currently employed or receive recurring benefit income.
Application Process: Fill out an online application and as soon as PayCheckToday.com has all of the information that is needed, the approval process usually takes about one hour. Denied applicants will receive an email notification.
Important Notations: No Credit Checks.
See the application for the complete terms and conditions of the program.
Finance Fee: $30 per every $100 borrowed (782.14% for a typical 14-day loan.)
Finance Fee Details: The finance fee will be applied to the initial loan and to the remaining balance after any due date on which the balance is not paid in full.
Minimum Payment: The minimum payment is the finance fee for the first 4 due dates. After the first 4 due dates, the minimum payment will be $50 plus the finance charge until the loan is paid in full.
Refinance Details: Applicants will be automatically refinanced unless they notify the company that they want to pay down or pay their loan in full.
Payment Method: Minimum payments are automatically debited from the applicant's checking account on every due date until the balance is paid in full.
Payment Details: Applicants who wish to pay more than the minimum payment must notify the company of their intentions to do so at least 3 full business days before the due date.
