A payday loan is granted to a borrower who requires a small amount of money to meet up immediate requirements. Once the borrower receives the paycheck then the loan has to be repaid to the lender. The interest rates of payday loans are sometimes higher than other loans.
2) What is the maximum time period of a payday loan?
A payday loan is primarily designed to meet up immediate requirements. Usually the loan period is for 14days; however, the time period of a payday loan may be less than two weeks.
3) What is the process of getting a payday loan?
The applicant will have to fill up a loan application form online. The online application is thoroughly reviewed by us. We notify our clients either through phone or email about their current status. You will get loans on the next business day as soon as the loan is approved. All the applicants will get their status through email. We request applicants to pay attention to all emails from Maycash.
4) How long does it take to get sanction?
The approval of payday loans largely depends on the time of the day a borrower applies for a loan and subsequent completion of the application process. At Maycash, we are available from 9 am to 6 pm EST Monday through Friday. We request our esteemed clients to take note of our working hours while waiting for response.
5) How quickly can I get a payday loan?
If the loan application is approved before 5pm EST then you will get payday loan on the next business day. You must submit the correct bank routing number and checking account number for fast sanction of payday loan funds.
6) Does Maycash carry out credit checks?
At Maycash, we do not carry out credit checks of our applicants. We do validate check writing/loan history of the applicants.
7) Can I get a payday loan despite having a poor credit history?
If you have a poor credit history then it will not affect the approval of your loan. We do not issue cash advance to any bankrupt individual.
What shall I do when my loan is due?
You have to submit a payment request online no less than 2 business days preceding to your due date. You may see the "Payments" section of the FAQ page for detailed information regarding payment requests.