A $255 payday cash loan is a loan that you can get in just a few minutes. It’s quick, easy, and secure. With this loan, you can get money now for an unexpected expense. The amount of the loan depends on your income and budget plan. The repayment terms vary between two to four weeks. Borrowers beware: these loan products are not a long-term financial solution, but just a short-term option to cover your unexpected costs.
With online payday loans, you can get cash in your checking account today. All you need is your checking account information and a valid form of identification. You can choose how much money you want to borrow and for how long. The lender will make a direct deposit of the money into your account as soon as tomorrow morning.
The Online Payday Cash Loan Process
It’s simple. We know that every dollar counts, so we want to make sure that you get the cash you need as soon as possible.
Here’s how it works:
- Apply online – It only takes a few minutes to apply online, and you can do it from anywhere with an internet connection! You don’t even have to wait for us to call you back – just fill out the form and submit it, and a direct lender will get right back to you with an answer.
- Receive approval – If approved, you’ll sign the loan agreement and your lender will make a direct deposit of the money into your checking account within minutes! The whole lending process and instant funding take less than an hour from start to finish for most people (even if it’s after hours).
- Repay the loan when it’s due – There is no need to leave your house when your loan is due. The lender will withdraw the loan principal and its costs from your bank account on your next paycheck and… it’s done!
Main Features of $255 Same Day Online Payday Loans
There are quite a few things that set them apart from other types of short-term loans. Here’s a look at some of the most important ones:
- Flexible loan payment terms: You’ll get to choose how long you want to make monthly payments, so long as it’s within the 30-day term set by your lender. This makes online payday loans perfect for people who can’t afford to pay back their entire balance all at once or who need help paying off the debt they’ve accrued over time.
- No credit checks required: This is another huge benefit of getting a payday cash loan—you won’t have to worry about whether you have bad credit or not! As long as you meet the other requirements listed above (and there aren’t many), then you’re good to go!
- Almost instant approval decision: Compared to traditional lending institutions, direct lenders provide you with a loan approval decision within several minutes if your credit standing is acceptable. There is no need to wait days or weeks for an answer from banks or credit unions.
Rates & Fees for a $255 Payday Loan
It depends on a few factors, including how much you borrow and the state where you live. You’ll have to pay a monthly fee of about $10 per $100 borrowed plus an origination fee, so if you take out a $255 loan over four weeks, you’ll pay an average of $25.5 in fees (not including interest and annual percentage rate). The longer you take to pay off your loan, the more expensive it will be for you.
