The first thing you have to ensure before taking out payday loans online is you already meet the eligibility criteria to be a payday loan borrower. Even though the eligibility criteria differ from one lender to another lender but there are some basic factors you have to fulfill if you want to take out a payday loan. There six eligibility criteria you have to fulfill to be an eligible payday loan borrower.
The first one is your age. You must be at least eighteen years of age when submitting payday loans online application. The second one is you have to be a permanent citizen of the country where you are applying for a payday loan in. You will be urged to show your identity card. The third one is you must already have a monthly salary. The lender will specify the amount of monthly salary you must have. The fourth one is you are required to be in your present job for a particular time period. The fifth one is you must have both work phone number and a permanent address. The last one is you must have a valid bank account under your name. To sum up, each payday loans online lender may have different requirements.