In this blog post, we’ll walk you through the application process step by step to get your loan approved as quickly as possible.
What is a payday loan and why is it important?
A payday loan is a short-term loan where you can borrow money against your next paycheck. Payday loans are usually small, ranging from $100 to $500, and are meant to help you out until your next payday.
Payday loans can come in handy in a variety of situations, including paying for an unexpected car repair or covering a bill due before your next paycheck arrives. Whatever the reason, a payday loan can give you the financial help you need.
Payday loan application process with Viva Payday Loans
Applying for a payday loan with Viva Payday Loans is quick and easy. We understand that when you need money, you need it fast. that’s why we offer fast payday loans online. Below is a step-by-step guide on how to apply for a payday loan with us:
1. Fill in your personal information
First, complete our online application form with your personal information. This includes your name, contact information and employment information. Next, please select the amount you need and how long you intend to pay it back.
Once you have done this, click “Apply Now” to apply for the loan. We will then review your application and decide whether or not to approve the loan. We will then contact you to inform you of the outcome of the decision.
2. Provide proof of income
The next step is to provide proof of your income. This can be in the form of a pay stub, bank statement, or other type of document proving that you have a regular source of income. Once you have provided this information, the lender will usually ask you to fax or email it, after which they will review your application and make a decision.
If you are approved for a payday loan, the lender will usually deposit the money into your bank account the next business day. You can then use the money for whatever purpose you see fit. Just be sure to repay the loan on time, as failure can result in high fees and interest.
3. Fill in your bank details
Once you have provided proof of income, the next step is to provide us with your bank details. This includes your account number, routing number, and name as it appears on your statement. You may also need a social security number to perform a soft credit check.
This will not affect your credit rating and is used to verify your identity and to ensure that you qualify for a loan. With this information, we can deposit your loan money directly into your account and set up direct debits so that you can pay off your loan without hassle.
4. Accept the fees and terms
Once we have all the necessary information from you, we will review your loan agreement. This document will outline the terms and conditions of your payday loan, including the repayment schedule, fees, and interest charges. Please take the time to read and understand this agreement before signing it.
If you have any questions about the loan agreement, our customer service representatives will be happy to help you. Once you are ready to sign, electronic sign online or return the signed contract by fax or mail. We will process your loan and get your money as soon as possible!
5. Receive your loan
You will receive your loan in one business day or less if you are approved for a payday loan with Viva Payday Loans. The funds will be deposited directly into your bank account and you can use them immediately.
That aside, Viva Payday Loans offers plenty of convenient repayment options. You can choose to pay off your loan in full on your next payday, or you can make smaller payments over a period of time. There are no penalties for early repayment; you will not be charged interest until you have taken out the loan.
Applying for a payday loan with Viva Payday Loans is simple and convenient. The application process only takes a few minutes and you can apply for a loan online or over the phone. Once you submit your request, the funds will be deposited into your bank account within 24 hours.
This is paid advertising. The loan websites reviewed are loan matching services, not direct lenders. Therefore, they are not directly involved in the acceptance of your loan application. Applying for a loan with the websites does not guarantee acceptance of a loan. This article does not provide financial advice, please seek the assistance of a financial advisor if you need financial assistance. Loans available only to US residents. The owner of the loan website(s) may be paid by a third party if you apply for a loan.