Payday loan providers will specialise in optimising a particular aspect of their lending, which is evidenced by the differences between Cash Doctors and Payday Mate. While Cash Doctors may not offer as much money as Payday Mate, the process Cash Doctors use can be far faster than that of Payday Mate. Depending on your specific needs – the fastest loan or a larger but slower loan – you will need to decide which payday loan provider can give you the optimal service.
A Cash Doctors payday loan is a faxless payday loan, which means that you do not need to fax in any documents to Cash Doctors in order to be approved. Instead, you simply fill in an online application and then organise communication between Cash Doctors and your paymaster. Once your paymaster confirms your details, Cash Doctors may approve your payday loan and deposit the money into your account. This entire process can take as little as 60 minutes, with an upper borrowing limit of $600 for individuals whose income merits this amount.
Payday Mate offers cash advance loan products, but they require a certain amount of documentation to be faxed in. The upside to this is that Payday Mate clients may be able to borrow up to $1000 depending on their net income. The maximum that can be borrowed from Payday Mate is $300 for the first loan, however, also depending in net income.Payday Mate requires you to complete an online application form, after which a confirmation email will be sent to you. You must then send Payday Mate a copy of your most recent bank statement, after which you contact them so that they may verify the information you provided.
Please visit our Cash Doctors and Payday Mate payday loan lenders pages if you are interested in applying through either of them for a payday loan.