Payday Loan FAQs

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Find your queries and answers here!



1. How do I apply for a cash advance loan?

Just click the APPLY NOW button on our home page. Online application links are also provided at the bottom of every page.

2. Are payday loans safe?

As long as you choose the right lender and use a payday loan as intended (only as a short-term financial solution), it is typically safe. Always take any loan only of an amount that you are likely to be able to repay on time.

3. How am I approved?

You are approved based on the fulfillment of our few requirements.

  • Current job held for at least three months
  • Monthly income of at least $1000
  • Valid and current checking account of at least 90 days old.

4. How will you contact me if approved?

If you are approved for a loan, our representative will contact you by phone or e-mail.


5. Do I need to submit any papers?

There is no need to fax any paperwork or e-mail any documents. This is completely a fax-free application.


6. How should I repay the loan – cash, check, or credit?

Repaying your loan is automatic and convenient. An electronic withdrawal will be made from the account you provided to us on your loan application on the loan’s due date via an ACH transaction. If there is any change in your banking information, please email your new bank account to at least 2 business days before noon Pacific Time on the date the loan is due for the change to be processed for the current payment. This way, you need not have written a check or pay for postage.

7. How long do I have before I must pay the loan back?

You have time until your next payday arrives.

8. What happens if I simply cannot pay the loan back by my payday?

Please contact us as soon as possible. If you contact us at least two days before the payment due date, we can extend the date for you.


9. How much can I borrow?

The loan amount we offer will be proportional to your current monthly income. If you are a first-time borrower, you can receive up to $400.

10. What are your Annual Percentage Rates?

Our APR generally ranges from 365.00% to 1,564.28%, or about $30 for every $100 borrowed.

11. What is an ACH transaction?

ACH stands for Automatic Clearing House Transaction. An ACH transaction is a process of electronically depositing or withdrawing funds from an account. When you provide a check as payment on your loan application, you authorize us to process the payment as a check transaction.

12. Can I request a loan on weekends?

Yes. You can request a loan over weekends but you just will not receive it as quickly. Any loans requested on Fridays before 8:00 p.m. (EST) will be deposited on the following Monday. For any application received over the weekend, you will receive your funds on the next business day on Monday

13. Collection and Use of Bank Account Information:

If we extend credit to a consumer, we will consider the bank account information provided by the consumer as eligible for us to process payments against. If you have any questions, please contact us.

If your question is not listed here, E-mail us at

Why wait for a next payday? CentralPayday gives you instant access to money. Apply for online payday loans from direct lenders only with no credit check and meet your unexpected financial needs easily.


Consumer Information

*THE OPERATOR OF THIS WEBSITE IS NOT A LENDER, does not broker loans to lenders, and does not make cash advances or credit decisions. This Website does not constitute an offer or solicitation to lend. This site will submit the information you provide to a lender. Providing your information on this Website does not guarantee that you will be approved for a cash advance. The operator of this Website is not an agent, representative, or broker of any lender and does not endorse or charge you for any service or product. Not all lenders can provide up to $1,000. Cash transfer times may vary between lenders and may depend on your financial institution. In some circumstances faxing may be required. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. For details, questions, or concerns regarding your cash advance, please contact your lender directly.

Terms such as “guaranteed approval”, “same day loans”, “instant approval”, “bad credit ok”, “one hour deposit”, “instant deposit”, “no credit check”, “second chance loans” etc. are only indicative. Certain conditions, federal or state laws, and safety considerations may require the loan approval and/or disbursal process to deviate from what such terms may imply. All loan products are subject to various terms and conditions and parts of the lending process may be subject to system limitations and third-party verifications which can cause time delays and loan rejections. Some restrictions may apply.

CentralPayday is not a lender and does not make any lending or credit decisions. Loans up to $5,000 are available from our connected direct lenders. However, not all lenders can provide you with that amount. Not all states are eligible for our service. Receiving a loan offer is not guaranteed if you submit a loan request through Central Payday.

Short-term loans and cash advances are meant to provide you with short-term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a cash advance based upon lender requirements. This service is not available in New York or to New York borrowers due to interest rate limits under New York law.