As the word "payday" denotes, the first criteria is to be employed. Online payday loans are available to tie us over in between paydays. Those unexpected events or purchases can happen to anyone and they certainly don't happen on our pay schedule.
Second you need to be 18+ and live in Australia. This is just for legal purposes as you are not financially responsible for yourself until you are 18 and the payday loan company, Payday Loan OZ only deals with Australian residents.
You need to have a valid bank account, be the account holder and receive direct deposit from your employer into that account. This is the beauty of online loaning. Your funds are electronically credited to your account. You can complete the application, get approved and go about your life, and when you wake up the next morning those funds are miraculously there! Then on your payday you do not need to worry that you will forget to pay the loan and get those pesky dishonour fees, as the loan is electronically debited for your convenience.
There is a minimum requirement net income of $334 per pay period. The whole idea is to get out of a short term financial need and not to get buried in debt. The most that you can borrow is 30% of your pay check as so not to leave you with no money again.
So if you are eligible there are 3 easy steps to get a online payday loan:
1. Complete the quick, easy and secure online application form.
2. Check your email for confirmation and call in to verify your information.
3. Then your cash advance can be directly deposited to your bank account.
