Payday loans in Virginia

Legality of payday advance in Virginia

Both parties should know that a payday advance in Virginia is a fully legit business. To learn the details about legit payday loans in Virginia, feel free to read the credit document Va. Code Ann. §§ 6.2-1800 et seq. It was indicated above that the max amount of a short-term loan is 500 USD. The borrowed funds should be returned after at least 2 pay periods. The creditor will charge a commission of 36% annual interest + 5 USD verification fee + 20% of loan.

How many payday loans can you have in Virginia?

Residents are permitted to apply for a payday loan in Virginia just one time. This means that after receiving the credit, the person cannot take another loan simultaneously until he/she returns the money at a given location. That is since the credits are for a short period and minor amounts.

Direct payday loan lenders in Virginia

How can you apply for online payday loans in Virginia?

The online application procedure is not complicated and does not entail a pile of documents. Customers willing to be considered for an online payday advance in Virginia should meet the following conditions:

should be over 18 years old;

be a US citizen;

provide a phone number and email address;

have the regular income proof or required level of earnings;

have a bank account to which the platform will transfer funds;

have a valid ID document.