Frequently Asked Questions about Salary Loans

Here are our answers to the most frequently asked questions about salary loans.

What are salary loans?

Salary loans are small loans secured against your paycheck that are offered for brief terms. You may also hear salary loans called payday advances, payday loans, or cash advances. Salary loans basically bring your paycheck to you early for a small fee. Salary loans are a less time-consuming and more convenient alternative to borrowing from traditional banks and credit unions. These loans are ideal for covering relatively small but urgent expenses that come up between paydays.

How can I sign up for salary loans?

You may sign up for salary loans on our site by completing our short, online form. The form will ask you for your contact information and will only take a couple of minutes to fill out. As soon as we have your information, we will match you with a lender that can offer salary loans that are right for you. You will then be directed to the lender's website, where you can find out more and apply for salary loans, if you wish. Our services are free and come with no obligation. For more information about salary loans, read how it works.

Will I qualify for salary loans?

As long as you have a job and a bank account, most applicants will qualify for salary loans, but this will depend on your lender's qualification standards. Most of our lenders require that you are at least 18 years old, are a U.S. citizen, are employed or have an alternate source of regular income, make at least $1,000 per month, and have an active checking or savings account with a direct deposit feature (varies by lender).

How much do salary loans cost?

Salary loans usually come with a finance charge, which is the price you pay for the convenience of borrowing. This finance charge varies by lender but is usually expressed as a dollar amount per each amount you borrow. For example, your lender could charge $10 for every $100 you ask to borrow. You can find your finance charge, expressed as an APR (annual percentage rate), in bold in your consumer loan agreement. Make sure you know your finance charge before you apply for salary loans.

Are you a lender of salary loans?

No, we are not a lending institution, and we do not actually issue salary loans. Instead, we are a free referral service that matches our visitors with quality lenders that can offer them low-cost salary loans. Our goal is to serve as a one-stop-shopping destination for people in the market for quality, affordable salary loans. We partner with a large network of salary loans lenders, but we do not actually issue loans ourselves.