Frequently Asked Questions
The answers to the most commonly asked questions about half price payday loans are here.
What's the difference between half price payday loans and traditional payday loans?
Half price payday loans tend to have more reasonable interest rates than conventional payday advances (varies by lender). In addition, the payday loans our lenders offer tend to be electronically based, as opposed to the loans offered by physical payday loan outlets. With advances obtained from brick-and-mortar lenders, the borrower must write the lender a personal check for the amount of the loan plus the finance charge. On the due date, the lender cashes this check. With online payday loans, repayment is collected on the borrower's payday via automatic withdrawal (varies by lender).
What is the average term for half price payday loans?
Every lender will have different loan terms, but the average payday loan has a term of about two weeks. Consult your loan agreement for further details.
Do I have to have a job to qualify for a payday loan?
Half price payday loans have varying qualification requirements that should be clarified with your lender. In general, most lenders require that borrowers are either employed or receive another form of steady income, such as a government benefit check.
How do half price payday loans differ from a personal loan?
Half price payday loans differ from the personal loans you would receive from a bank or credit union in several ways. For one, payday loans have higher interest rates. Secondly, payday loans are short-term cash loans that have to be repaid relatively quickly after the funds are distributed. Finally, obtaining payday loans is usually easier and faster than obtaining a traditional personal loan (varies by lender).
How much money do I have to make to get a half price payday loan?
The income requirements will vary by lender. The most common income requirement is a minimum of $1,000 per month. Ask your lender for more information.
Do you issue loans on this site?
No, we do not issue loans because we are not a lender. We are a free referral service that works with lenders who provide half price payday loans. Our job is to match our visitors with appropriate lenders, not to issue loans.
How much can I borrow?
The average half price payday loan is $500, but the maximum amount will vary by lender. Some of our lenders provide loans up to $1,500 to qualified borrowers. You will have to meet certain income requirements to qualify for the largest loans.
