Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Apply For PaydayKing

Advertiser Disclosure

How to apply for a loan?

If you want to get a loan from this company, you would like to know what you need to apply for a loan.

Since you apply for a loan online, you won't have to provide any physical documents. Instead, you will have to give some pieces of information, namely your date of birth, contact information and email, SIN, place of work and salary information, and open bank account information.

This information is necessary for the company to be sure that it is you who are applying for a loan, that you will be able to make your monthly payments, and that you will be able to repay the loan.

To be eligible, you have to be employed for more than three months, have a verifiable net income of more than $700 per month, an active bank account, and be at least 18 years old.

Application details

It takes no more than 5 minutes to apply for a loan, and a decision on the application can be made within 60 minutes of receipt of the application.

The Payday King's website is open for business 24 hours a day, and their customer service is available Monday through Friday from 9 a.m. to 5 p.m. Eastern Time and Saturday from 10 a.m. to 3 p.m. Eastern Time.

Reasons for rejection

The main reason for rejection may be that the borrower does not meet the eligibility requirements. For instance, they might be under eighteen years of age, or they might not have a steady source of income or an official job for three months. In addition, a borrower can have a significantly adverse credit history, which can also be a reason to reject a loan, but not necessarily.

Payday King application

FAQ

How long does it take to get approved by Payday King?

Generally, the application is approved by the Lender within 60 minutes.

How trustworthy is Payday King?

The experience of many customers suggests that Payday King can be trusted. Still, at the same time, it is essential to consider a relatively large number of negative reviews on third-party resources. Therefore, before you apply to this Lender for a loan, it is recommended to read in detail the opinions of the company's current clients on the Internet.

Does Payday King verify income?

Today, the Lender states that it needs to verify that you have been employed for more than three months and that your net income equals or surpasses $700 per month. However, it does not give any detail on how it performs the verification. 

Does Payday King hurt your credit score?

Hard credit inquiries can lower your credit score by a couple of points, while soft credit inquiries will not affect your score.

Financial products
PaydayKing
Payday loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$100-$1,000
Rate
i

Effective interest rate on the product

up to 1.5% per day
Term
i

Loan term for the financial product

up to 14 days
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

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650
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$500-$50,000
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7.5%
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Loan term for the financial product

60 months
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
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1000
$500-$15,000
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Effective interest rate on the product

up to 46.96%
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Loan term for the financial product

up to 60 months
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
1000.00 – 7500.00 C$
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Effective interest rate on the product

12.99 – 29.99 %
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Loan term for the financial product

2 years – 5 years
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$1,000 - $25,000
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Effective interest rate on the product

up to 33.92%
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Loan term for the financial product

up to 60 months
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