Payday Loan Requirements:
Payday loan requirements vary from lender to lender, We list here range of values required by different lenders in the same country.
US
- You must be at least 18 years old
- You must be US resident
- You must be employed or have other recurring source of income
- Your monthly income should be at least $800 (most lenders require at least $1000)
- You must have current and active checking account.(some lenders allow savings account instead)
UK
- You must be at least 18 years old
- You must be UK resident (some lenders require UK citizenships)
- You must be regularly employed
- Your monthly income should be at least £250 after taxes (it can range from £250 to £1200, depending on the lender)
- You must have active bank account (some lender require checking account only or salary payment to the bank account)
CANADA
- You must be at least 18 years old
- You must be Canadian resident
- You must be employed (sometimes required employment with the same employer for 3 to 6 months)
- Your monthly income should be at least $1000 after taxes.
- You must have active checking account with a bank in Canada.(in some cases direct deposut of your salary is required)
AUSTRALIA
- You must be at least 18 years old
- You must be Australian resident
- You must be employed (sometimes required employment with the same employer for more than 2-3 months)
- You must have active checking or savings account (some lender require that your income should be paid to that account)
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