When a person urgently needs money for unexpected expenses, they are ready to borrow it on any terms. But do not rush to agree to unfavorable interest rates or return conditions. Payday Depot app allows you to choose the lender who will offer the most beneficial terms for you. Payday Depot's app allows you to borrow up to $5,000 at any time of the day, without credit checks or hidden fees.
Some unforeseen expenses require a quick response, which is impossible to obtain in the case of personal loans. In order not to waste your precious time, you can apply for a loan from Payday Depot directly in the app and receive money in your bank account within 24 hours.

Process
The entire process of obtaining a loan - from submitting an application to repaying the debt - is carried out very quickly using the app and does not require a personal visit to any financial institution. All you need to do is choose the most attractive offer from the lender and submit your application online:
Step 1. Download the application from the App Store and install it on your device.
Step 2. Fill out a loan application, indicating the required amount, purpose of the loan, personal data, and other information.
Step 3. Study the terms of the loan from each creditor, read reviews of other clients, and make your choice.
Step 6. Receive the creditor's decision about issuing a loan.
Step 7. Sign the loan agreement if the lender’s decision is positive. The money will arrive in your account within the same day. You can use it for any purpose because lenders do not impose conditions on spending.

Conditions
Getting a money loan is very easy, much easier than any other type of loan. However, you must meet the minimum criteria that are common to all lenders. You will be easily qualified for the required amount of money if you meet the following requirements:
Applicants can be only US residents over 18 years of age on the date of accessing the app. Contracts for issuing payday loans to foreigners and minors cannot be signed.
Availability of an active checking account to which creditors could transfer their funds.
Proof of sustainable income. This could be a salary, social benefits, pension, and other sources of permanent income.
Valid contact details where you can be reached. You will need to provide personal information, including phone number, email, and address where you can be contacted in case of non-repayment of the loan.

Payday Depot complies with all US laws regarding the protection of user’s personal data. The app uses an advanced security system, reliable safeguards, and strict rules for accessing information, which is used solely for the purpose of providing you with the service of matching a suitable lender.

Install the app on your mobile, and whenever you need extra money, Payday Depot will always show you the shortest path to the best lender.

Disclaimer

Annual Percentage Rate (APR) represents the annualized interest rate that you are charged for borrowing. It is the combination of the nominal interest rate and some additional costs such as fees involved in obtaining a loan. Typically, APRs for personal loans range from 4.99% to 450%, APRs for cash advance loans vary from 200% to 1386%, and APRs for installment loans range from 6.63% to 225%. Since Payday Depot is not involved in the lending process, we can not deliver any specifics about the APR you will be offered. The APR depends solely on your lender’s decision, based on various factors including your credit score, credit history, income, and some other information you supply in your request. For more information regarding the APR contact your lender.

The repayment periods range from 90 days to 2 years.

If you borrow $2,500 over a term of 1 year with an APR of 10% and a fee of 3%, you will pay $219,79 each month. The total amount payable will be $2,637, with a total interest of $137,48.