A payday Loan is a short term cash loan that doesn't include all the strict requirements that a traditional bank loan has. Payday Advances are quick, easy and convenient so consumers can address short term and immediate financial needs, like emergency home or auto repairs, unexpected medical bills, or in times where you're falling just a bit short on your budget before next payday.
Qualifying for a payday loan is simple. The basic requirements are:
To be approved for a payday loan, you must meet the basic requirements above. The specific lender you are matched with may have additional eligibility requirements based on its own approval criteria. Factors such as income, direct deposit of your pay, past payday loan history and state of residence may affect the approval of your loan or the amount that you are approved for.
The amount a lender is willing to give you depends on how the lender evaluates a number of factors, including your state of residence and applicable legal restrictions (loans are not available in all states). Many lenders in our network will loan between $100 and $1,000.
Yes! Zoca Loans is partnered with lenders who specialize in lending to those with less than perfect credit. Unlike traditional lenders that only consider your credit score, we look at additional areas of your finances, including time of employment, income and other factors. Our lenders' flexibility allows for applicants with good credit, bad credit or no credit to be approved for a loan as long as they meet the minimum eligibility qualifications of a steady source of income and an open bank account.
If your application has been approved, Zoca Loans will notify you and direct you to your lender’s loan agreement page where you can review and electronically accept the rate and repayment terms. You will also receive an email confirmation with a link to the loan agreement page.
Once your application is approved and you've electronically signed for your loan, funds are directly deposited into the borrower's checking account. Deposit times may vary based on personal eligibility. Funds usually are deposited into your bank account by the next business day.
Cost of Borrowing varies and is based on a borrower's personal eligibility for a loan. Upon approval for a loan, rate and repayment terms are presented to you. Remember, no loan is issued unless the borrower electronically accepts the rate and repayment terms.
Your loan is typically due on your next pay date. However, some lenders will allow for extended repayment options for a fee. Please contact your lender directly if you have repayment questions.
Zoca Loanss is a loan matching service provider, not a direct lender. The lender you are matched with has its own policies regarding late payments. These policies can be reviewed within the lender's terms and conditions before accepting a loan. If you are unable to make a payment on time, please contact your lender directly discuss an alternative payment schedule.
f you can’t make your loan payments on time, you may be in default of your loan obligations. If that happens, your lender may try and secure repayment from you using debt collection methods that are professional, fair and in compliance with the law. Lenders should follow the Fair Debt Collection Practices Act guidelines when attempting to collect loans in default. Late payments and loan defaults may adversely affect your credit and may make it difficult to obtain future personal loans.
Ready to apply? Start your application now and get matched with up to $1,000 today!