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than 24 hours, the time needed to fill and approve all the
paperwork required for a personal loan takes far more than that.
Payday loan lenders, on the other hand, are used to process
loan request within hours. There are few requirements to check
and before you know you get the money transferred to your
account.
A payday loan is usually due by the time your next paycheck
arrives. So you don't have much time for repaying, nor have you, except in
certain situations, the possibility to extend the repayment program. This loans
are intended for an emergency
situation, that being said, if you won't be able to repay
the loan you should use the time you gain to get approved for a
more flexible personal loan, repayable in installments.
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