Timeframe of Online Payday Loans
You may be wondering about the timeframes associated with Payday Loans. It normally takes up to 24 hours for the application you sent in to be approved. Once approved, the funds are then wired on the next business day. Regarding repayments, the loan is usually due on your next paycheck. This means you have almost 2 weeks to repay the loan. Other lenders extend the due date to 4 weeks, especially when it comes to large loans. You will need to repay the loans by then or risk getting slapped with more fees and negative feedback on your credit report.
