Frequently Asked Questions - My 500 Loan

What is a payday loan?

A payday loans is a short term loan that can be used to manage urgent as well as unexpected expenses that can arise before your next payday, to take a holiday, or just to top off your monthly income.

How much can I borrow at My 500 Loan?

You can borrow from $100 up to $1500 at My 500 Loan.

Do they perform credit checks?

The payday loan companies that are associated with us do not perform credit checks. However, they check your current financial status and your salary stubs to confirm your repayment ability.

If I signed the paperwork, am I compelled to take the loan?

No, only signing the paperwork doesn't signify that customer are under any obligation to take cash loans. You are free to amend your contract afterwards

What is the maximum time limit to fix up the loan?

You just need to wait for small time, once borrower filled the online application form for accessing payday loans, it will be sent for approvals so that cash can be directly transferred into your bank account within 24 hours.

Can I apply for loan at My 500 Loan if I have bad credit?

Yes, you can apply for cash loans at My 500 Loan without any credit check regardless of the bad credit history.

Is there any obligations that how can I spend the money?

No, we at My 500 Loan do not obligate how you spend your advance loan amount.

How can I access loan services that are offered at My 500 Loan?

We at My 500 Loan offer online service through which you can apply for cash loans by submitting online application form.

Would the information that we provide be secure and confidential?

Yes, we keep all the information that is provided by our customers confidential and secure. This information is merely used in providing the quick loans in an apt manner.