Payday loans in New York

It is common to meet financial challenges at one point in life. If you want money for a medical emergency or want to cover a financial gap before your paycheck arrives, we are here to help you out. 

BridgePayday will offer the solution you need when you require instant cash. Unlike traditional financial institutions, you don’t need collateral to qualify for our loans. We also do not charge unnecessary fees and high APRs. 

Need cash without going through a lengthy paperwork process?  BridgePayday gives you the chance to enjoy a complete online experience when applying for payday loans in New York. 

Top benefits of payday loans in New York

Unlike before, the online lending industry is diverse. People have different opinions on whether these loans are worth it or not. Whatever your opinion is, here is what you need to know;

BridgePayday offers the best deals for payday loans in New York. This one-time lending can help you get out of a major financial crisis.

Our payday loans can be handy when you need quick cash to repair an important appliance, pay for medical bills, clear an overwhelming debt that is about to be sold to collection agencies among other things. 

Explaining payday loans and why you need it

Even before applying for a payday loan, it is important to know how the loans work.  When you google, ‘what is a payday loan?’ You are likely to see so many explanations from different sources.

But they all mean one thing. This is a small sum of money that lenders offer within a short period of time. It is your paycheck that acts as security for payday loans. 

The money is paid back as soon as your next paycheck arrives. You can qualify for payday loans ranging from $30 to $2500. But of course, this amount varies from one state to another.

Payday lending isn’t meant for long term use. So if you are planning to start a small business and are looking for a loan, then payday loans in New York aren’t meant for this purpose.

Payday loans can either be applied online or in-store. The loans are a perfect alternative to bank loans that require a lot of formalities. Besides, you also must have a good credit score in order to qualify for a bank loan. 

Best reasons to apply for payday loans in New York

•  The bank could not approve your loan request due to poor credit. It is easy to qualify for payday loans even with poor or no credit.
• You keep getting threatening calls from lenders and debt collectors. All you need to do is apply for our payday loan and clear off your debts
• You don’t want to use credit cards  for living expenses
• You are embarrassed to borrow money from family and friends

Before applying for a payday loan

Payday loans in New York are governed by several rules which lenders have to meet.  But before getting to that, here are the 5 best  advantages of our payday loans:

• Fast application and approval
• Bad credit can apply
• You can use the money for any short term need
• Working with a direct lender is more convenient
• Get professional customer support

The regulations surrounding payday loans include the following:

• If you borrow a loan amount of less than $30,  it is illegal for the lender to charge more than $1 as interest for every $5 borrowed
• A payday loan amount of between $30 and $100 attracts an acquisition charge which is 1/10 of the loan amount
• The maxim APR is 309% for a loan amount of $100
• The maximum loan amount is $2500

Qualification criteria for payday loans in New York

• You must be above the age of 18
• You must be a legal resident of New York
• You must provide a valid email address and phone number
• Bad credit score isn’t a hindrance to qualifying for the loan
• You must have a reliable source of income

A lot of clients have been successful in applying and qualifying for a payday loan with us. And you could be next. Simply complete our online application form today.

One of our loan representatives will get in touch with you to discuss the loan terms. This is how simple it is to qualify for payday loans in New York with us.