How It Works

Learn more about salary loans here. We'll explain what they are, who qualifies, and how you can sign up to be matched with a lender.

What Salary Loans Are

Salary loans are also sometimes called payday loans, payday advances, or cash advances. All of these terms refer to loans that are secured against your next paycheck and intended to help you cover small but urgent expenses between paydays. They are ideal for filling in the gaps in cash flow you might experience before your paycheck arrives. Salary loans can help you get those car repairs you need, pay your utility bill, or even buy a few emergency groceries. Whatever you need, salary loans can give you just enough to see you through until payday comes. Salary loans are much more accessible than loans offered through traditional banks and credit unions, as the qualification standards are much more relaxed (varies by lender). Read on for more about qualifying for salary loans.

Qualifying for Salary Loans

The qualification standards for salary loans will vary from lender to lender. However, these standards are generally far less stringent than those for traditional loans from banks or credit unions. Because salary loans are secured against your paycheck, lenders are able to allow more applicants to qualify. Typically, you will need to fulfill the following criteria:

• At least 18 years old
• Employed or have consistent source of income
• Active checking/savings account with direct deposit feature
• Make at least $1000 per month
• U.S. citizenship

Signing up for Salary Loans

You can sign up to be matched with a salary loans lender in a matter of minutes on our site. You will just need to complete the following simple steps:

1. Fill out the online sign-up form. Our form will ask you for some contact information only and should take no more than two or three minutes to complete. The form comes with no obligation and is free to fill out.
2. We match you with the right lender for you. As soon as we have your information, we will put you in touch with a lender that can meet your salary loans needs. You will be referred to the lender's website for further information.
3. Apply for salary loans on the lender's website. If you are ready to apply for salary loans, you may then do so on the lender's website.

The process is discussed in greater detail for each step along the way of getting a salary loan.