Who is eligible for a payday loan- Payday Loan, Australia

Who is eligible for a payday loan

29 January 2008

Do you need an instant cash loan and are worried that you may not qualify for a payday loan?

The majority of payday loan lenders are not as strict in granting a payday loan to their customers with many of them more than happy to take on new business even if you have had a bad credit history.

A bad credit history payday loan is not uncommon. Payday loan lenders all have different criteria but because of the short term nature of a payday loan, most will accept and approve payday loan applications for anyone who is in the receipt of some form of income, even if it is a government welfare payment such as a pension.

You will need to check out the terms and conditions of your payday loan lender because they all do have different criteria for granting these quick and easy payday loans.

Conditions may vary from what type of income you have (there are payday loan lenders that will NOT accept welfare as a form of income) to how much you can borrow against your income.

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Featured Payday Loan Lender

Cash Doctors is one of Australia's leading short term lenders. They have helped thousands of Australian's overcome short term financial difficulties by offering instant cash loans.

You can submit a payday loan application online with Cash Doctors for loans of $100 - $600.
A Cash Doctors Payday loan application will only be approved if submitted by people who have been employed for at least 3 months and are paid more than $400 per week net after rent/mortgage repayments have been taken into account.
Payday loans are paid directly into your bank account within the hour.
Cash Doctors do not require any paperwork from you to approve your loan. This is a completely faxless payday loan with your details confirmed with your payroll officer before approval of your payday loan is granted.