1. You must earn at least $1000 per month with your current employer and have been with this employer for at least 3 months. Your typical short term installment loan is generally between $100 and $1,000. For first time borrowers however the average is $300-$500. Keeping the amount you request low greatly increases your chance of getting immediate approval. Financial implications (Interest and finance charges) Quick Application - All you need to apply for a payday loan is:
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