Online payday loans are short-term loans. They provide immediate access to funds when you need it for a financial emergency. These loans are processed easily and have very few qualification requirements. However, you need to meet these basic requirements to qualify for an online payday loan.

Requirements to Qualify for Online Payday Loans

As per the Consumer Financial Protection Bureau (CFPB), payday lenders require that you must:
• Be at least 18 years of age
• Have valid identification 
• Provide income proof
• Have an active checking account to receive funds

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What Are the Requirements to Qualify for Online Payday Loans?