Unsecured Payday Loans - FAQs
Apply Now
Applying Does NOT Affect Your Credit Score
Applying Does NOT Affect Your Credit Score
A payday loan is a short-term cash advance that is usually due on your next payday.
You can use your loan amount without any obligation. You can use it to pay utility bills (water, electricity, phone, etc.), medical, house renovations, etc.
Follow these simple steps to apply for a payday loan
To qualify for a payday loan, you should
Our online lending process is completely fax-less. We employ proprietary underwriting to approve your loan without the need for faxing.
Your current monthly income determines the loan amount you will be eligible for. As a first-time borrower, you can qualify for a maximum of $500. However, we can increase your loan amount by $100 upon demonstrating responsible financial behavior, with each repayment.
Loan approval is almost instant. Once we review your loan request, we will make the loan decision by phone or email during regular hours. However, if you submit your loan application after business hours, you will be contacted the next business day.
Our short-term loans are completely unsecured without any credit check or collateral requirements.
Yes. Your poor or low credit performance or scores are not an issue to get a loan from us.
For every $100 you borrow from us, we charge $30 with an APR ranging between 365.00% and 1564.28%.
It is the Annual Percentage Rate. It is usually the amount of interest charged on your total loan amount.
Annual Percentage Rate (APR) describes the annual interest rate on the loan. For details, refer to our Fees section.
You get your funds within 24 hours..
Though you can request a loan on weekends, getting funds would be delayed. For example, if you apply for a loan on Friday after-hours, you will get the cash on the next business day, that is, on Monday.
Contact our customer care and return the complete loan before the end of the business day, after the day you received the loan amount. For example, if you have received funds on Monday, you can return them by Tuesday 5:00 p.m. without any charges.
No. The repayments are done online. The loan amount is debited directly from your authorized account via ACH on your payment due date.
No. As a trustworthy lender, we protect your information from unauthorized access by employing state-of-the-art data security methods.
Yes. However, contact our customer support at least two business days before the due date.
You are supposed to pay an NSF (non-sufficient funds) fee of $20.00
You can. There is no pre-payment penalty.
Have any other questions? E-mail us at support@capitalpaydayloan.com or visit our Contact Us page.
This service and website is an invitation to send us a Payday loan application, not an offer to make a loan. We are registered with Utah's Department of Financial Institution. If we approve your loan application, the funds will be disbursed from our account in Utah. Utah law governing consumer loan agreements may differ from the laws of the state where you reside. This service may or may not be available in your particular state.
© capitalpaydayloan.com. All rights reserved.
Consumer Notice: Available loan product types and loan amount limited vary with the market. Loans are subject to state regulations, eligibility terms, certifications, underwriting, and approval. Rates, fees, terms, and conditions apply. Loan decisions and disbursal times are subject to system limitations. In some cases, verification may require additional processes, which can delay the loan decision.
Short-term loans are intended for short-term financial needs and not to serve as long-term financial solutions. Customers with credit-related issues and hardships are advised to seek credit counseling.
Our goal is to promote safe and responsible lending. Short-term loans should not be used as a long-term financial solution but rather for short-term financial requirements. Credit counselling is recommended for customers who have credit issues.
CapitalPaydayLoan is not a lender and does not make any lending or credit decisions. Loans up to $5,000 are available from our connected direct lenders. However, not all lenders can provide you with that amount. Not all states are eligible for our service. Receiving a loan offer is not guaranteed if you submit a loan request through CapitalPaydayLoan.
The credited approval on your application may be based in part or wholly upon information obtained from a national database including, but not confined to TransUnion or eBureau.
Terms such as “instant approval”, “guaranteed approval”, “bad credit ok”, “one hour deposit”, “instant deposit”, “no credit check”, etc. are only indicative. Certain conditions, state laws, and safety considerations may require such terms to be deviated from. All loan products are subject to various terms and conditions and various parts of the lending process may be subject to system limitations and third-party verifications which can cause time delays and loan rejections. Some restrictions may apply.
Equal Credit Opportunity Act: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants based on race, color, religion, national origin, sex, marital status, age (provided the applicant can enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006, and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.