How It Works

Hassle Free Application for Fast Emergency Cash

Sometimes you just run into a situation where you need some additional cash fast. No matter what your financial emergency is, you can get the cash you need quickly with My Payday Place. You can borrow any amount from $350 up to $1,500, subject to assessment, with a fast application and decision process in place.

Apply Online in Minutes

No faxing documents back and forth, no complicated application process. Submit your application for your loan online in minutes. Just answer some simple questions. Funding and approval times depend on how quickly the lender receives all the information they need to make the lending decision.

Financial Checks

To comply with responsible lending obligations you should have your bank statements for the last 90 days available. You may be asked to provide bank statements again if it has been longer than 90 days since the lender last assessed you or if you have experienced a change in circumstances such as changing jobs or taken out other short term loans during the 90 day period.

Accept Your Loan Online

When a loan offer is made to you, there is no need for any documents to be completed and faxed. You can simply sign for your loan online.

The loan offer will only become a binding contract once you have received confirmation that all assessments have been completed and the loan approved. This is usually a very quick process, and you will receive confirmation by email. Funding and approval times depend on how quickly the lender receives all the information they need to make the lending decision.

Receiving Your Cash

Once all the necessary assessments have been completed and the loan offer approved, the agreed amount will be transferred into your account. Once approved, the amount of time it takes for your money to reach your account will depend on your bank. This can take between 1 and 3 working days.

Your Repayments

Once your loan has been agreed and approved, a date will be set for the repayments each month. The funds will then be taken from your account on this date automatically by direct debit.

There are no hidden costs or charges. If there is a time when you miss a repayment date, then there will be additional charges added, and you can see any additional charges like this on the loan costs page.