Low Cost Payday Loans FAQ

Payday loans are short-term loans that allow you to get needed cash in between paydays. 

What about collateral to receive a loan?

No. Your job and your paycheck are your collateral.

Do I need direct deposit?

At this time we can only process your loan if your paycheck is direct deposited; it is the most secure way to offer loans as quickly as we do.

Is there an application fee?

Lowcostpaydayloan never charges applicants a fee to qualify for a payday cash advance loan.

Is my application and financial information secure?

Absolutely. We respect our customer’s privacy needs in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive information transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.

When will I receive my Payday Loan?

Most customers can have funds paid into their account on the same day. However some banks take longer to clear the funds. In this case the funds should show as cleared within 24-48 hours.

 

I am not a homeowner - is this a problem?

No problem - it makes no difference to us whether you are a homeowner, a tenant or living with parents.