$200 Payday Loan
How to get a $200 payday loan with direct deposit
Now it is easy to get a $200 payday loan sent straight to your bank account via direct deposit. We have a vast network of direct lenders that are standing by to try and get you approved. If we match you with a lender you will receive a loan offer. You decide if you want to accept or decline the offer. There is not obligation and the application is free.
What type of payday loan do we offer?
The $200 payday loans offered by our lenders are known as installment loans. These loans offer you several months to repay the principal and interest. Unlike most payday loans that are due when you receive your next paycheck. You payments are broken up into equal monthly installments to lower the burden of repaying the loan balance.
How does the direct deposit process work?
You will need to have your banking information available when you complete your application. Using your bank account number and the routing number, lenders are able to use a process known as Automated Clearing House (ACH), to send the money to your account. This process is only possible on banking days. So if you apply on the weekend or on a holiday, you will need to wait until the following business day to receive your funds.
How high is the interest on a $200 payday loan?
Interest on unsecured loans is always more expensive than on secured loans like a home mortgage or a automobile loan. Many people choose these short term loans because of their convenience. The same reason you would stop at the convenience store of a soda instead of go to a large shopping center. It costs more but makes sense for the convenience factor. We have a bunch of lenders that are available to approve your application. Because each lender is different and has a different business model, we can not quote you exact APR's. All loan terms will be clearly defined on any offer you receive. Carefully analyze any loan offers to make sure it fits your budget.
Choose the direct lender that best fits you
If we can match you with a direct lender, they will send you a loan offer. If you like the offer you can accept it. If you wish to keep looking for a different direct lender with lower interest rates, that is fine too. Only choose the direct lender for a 200 dollar loan that makes sense for you.
What do I need to get approved?
Hera are a few items you will want to have available to complete the online application.
- A government issued photo ID
- Proof of income
- Proof of Address
- Bank account information, account and routing numbers
What if I have bad credit, can I still get a $200 payday loan?
You can get a $200 payday loan with no FICO credit check. You FICO credit score will not be part of the lending decision. So Yes, you can get a $200 payday loan with no hard credit check. If you have had some financial struggles in the past, and let's be honest who hasn't, you may still be able to get approved for a small loan online.