How it works

Interested in borrowing from Pay Power Loan? We make the application and approval process as quick and easy as possible so you can get approved, get the money you need, and get on with your life.

Specifically, the process of obtaining a loan through Pay Power Loan is for you to submit an application directly on our website. We encourage you to fill out this application completely and to the best of your ability; some of the information you'll need to provide includes:

  • Your name and basic contact information
  • Your employment information
  • Some details about your finances
  • Your desired loan amount

The great thing about our online application is that the information you need to provide is minimal; for most of our borrowers, the application takes 15 minutes or less to complete.

Once you've submitted your loan application through our website, you will also be prompted to upload two identifying documents from our list of qualified ID documents (this could be anything from a government-issued ID to a utility bill with your name on it). This is done simply to verify your identifying information before we proceed to the next step.

Once your application is fully submitted, our dedicated staff will immediately get to work processing your application and selectively sending it out to a number of the reputable lenders with which we work on a regular basis.

Typically, it doesn't take long for us to find your ideal lender (for most applicants, we have secured a loan within the 24 hours). At that point, you'll be notified personally from the lending company (typically through a telephone call) that you have been approved for a loan. When you get approved for a loan, you'll also have the option to select your ideal repayment term, which can range anywhere from nine to 36 months. This is ideal for helping you borrow the amount of money you need while still enjoying reasonable loan repayment amounts.

From there, you'll provide your bank account information to your lender so they can deposit your funds directly into your bank account—often within less than 24 hours.

It's also worth noting that if you're currently having trouble with getting approved for a traditional bank loan as a result of your poor credit, borrowing through Pay Power Loan will also provide you with an advantageous opportunity to start rebuilding your credit and personal finances. By making timely repayments of your personal loan, you'll gradually begin boosting your credit. In this sense, borrowing through Pay Power Loan's network of reputable lenders can help you out in the short-term (by getting you the money you need) and in the long-term (by helping you rebuild your credit and establish responsible borrowing habits).

How This Differs From a Payday Loan

If you've been in need of quick cash before, there's a good chance that you've taken out payday loans in the past (or, at the very least, considered doing so). However, it's important to realize that we are much different than a typical payday lender. For starters, we're not a lender; we simply help you find the lender that's right for your needs by utilizing our wide network of close to 250 lenders that we work with.

Furthermore, unlike payday loans, the loans we can help you secure have much more reasonable and flexible repayment terms. For example, you can take up to three years to repay your loan, if needed; the same simply cannot be said of a payday loan, which often needs to be paid back within a few months. Not to mention, we have access to lenders with much less stringent approval requirements, so we're able to help people who have poor credit or who even have bankruptcies on their records get the personal loans they need.