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Payday Loan Requirements

Unsure if you meet the qualifications for a payday loan? Requirements to get a payday loan differ by lender and state. Generally speaking, the items you need to apply are consistent across all payday lenders.

  • Meet the age requirements in your state

    (18 in most states)

  • Valid government-issued photo ID
  • Open and active bank account
  • Steady source of income
  • Working phone number

Let’s Get More Specific

While specific requirements may vary by lender, it’s best to be armed with the following when applying for a payday loan.

Personal Information

  • Valid ID
  • Home address
  • Valid phone number
  • Email address

    (typically required for online payday loans)

Income Information

  • Pay cycle frequency
  • Income type
  • Employer name, address & phone

    (if applicable)

  • Net & gross income amounts

Banking Account Information

  • Post-dated check

    (typically used as a form of repayment when applying at a payday loan store)

  • Debit card

    (for optional automatic payment)

  • Checking account & routing numbers

    (frequently used for online payments, but also used to fund online payday loans)

Additional Payday Loan Requirements

Income Verification
Some payday lenders may also require you to provide income verification. This requires you to provide your most recent bank statement showing the last 30 days of activity. Most lenders provide you with different options to submit income verification such as by logging into your account and taking a screenshot of your account activity or by emailing or faxing your bank statement.
Account Verification
If you’re applying for a payday loan online, then the lender may have practices in place to verify or authenticate your account. These steps are intended to keep your personal and financial information secure and prevent identify theft. Lenders may require you to verify via phone, SMS, email, or with specific questions about past credit or public records.

Apply for a Payday Loan

Once you have your requirements ready you can start an application online anytime. Applying takes only minutes and is followed by a quick lending decision.

Apply Now

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Product types and maximum loan amounts vary by market. Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Some applications may require additional verification, which can delay the lending decision.

Short term loans should be used for short-term financial needs and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

The credit decision on your application may be based in whole or in part on information obtained from a national database including, but not limited to, TransUnion, Equifax, LexisNexis or FactorTrust, Inc.

Instant funding to a debit card is only available for online loans. Instant funding is not applicable for all debit cards and is not available in New Mexico, Ohio or South Carolina. Subject to system limitations. Some restrictions may apply.

Cash advances only available up to approved credit limit; some restrictions may apply.

NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Consumer Financial Protection Bureau, 1700 G Street NW, Washington DC 20006 and the Federal Trade Commission, Equal Credit Opportunity, Washington DC 20580.

Alabama: Minimum age to apply in Alabama is 19.

California: Speedy Cash is licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

New Mexico: Speedy Cash is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Texas: Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. under Chapter 151 of the Texas Finance Code. If you have a complaint, first contact MoneyGram Payment Systems, Inc. at 1-800-MONEYGRAM. If you still have an unresolved complaint regarding the company’s money transmission or currency exchange activity, please direct your complaint to the Texas Department of Banking: 2601 North Lamar Boulevard, Austin, TX 78705-4294, 1-877-276-5554 (toll free),

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