What is a payday loan?
Same day online loans
Payday loans are usually short term loans granted based on an individual's income, and their ability to pay back the loan, usually on the same day they are received the funds. This type of loan is different from the usual paycheck advance, in that the money is paid directly to the borrower's bank account, usually on the same day it is requested. A Same Day Loan is different from other types of short-term loans because it is typically made to you rather than the other way around. It has a higher interest rate and is considered unsecured.
