How Our Loans Work

IS IT REALLY FAX FREE APPROVAL?
YES. "No faxing required" means just that.

Our Unique 24-7 FaxLessSM Payday Loan Processing Totally Eliminates Faxing Forever!!
With our online 24-7 FaxLessSM processing, faxing is eliminated. FaxLessSM means that your application is completed online in minutes and you’re finished/done. Our total online process gets rid of sending and receiving faxes-TOTALLY!

*Subject to verification of the information on your application; some restrictions may apply.

When will I receive my loan?
Once you have applied online, a loan agent will attempt to contact you to verify your banking information and explain the terms to you. Once your application has been approved, your cash can be in your bank account as early as the next business day!

Payment Options

You Decide What Payment You Want to Make, Based on the Three Examples Below.

OPTION 1: AUTOMATIC RENEWAL OPTION
THIS PAYMENT SELECTION CAN BE MADE WHEN YOU SIGN YOUR LOAN NOTE OR AT LEAST THREE FULL BUSINESS DAYS BEFORE YOUR DUE DATE Your minimum payment on your first FOUR due dates is your finance fee. This payment is AUTOMATICALLY debited on your due date unless you request to pay more than this amount. Beginning on your FIFTH due date, you will be required to pay a minimum of $50.00 toward your principal balance ($100.00 on loans greater than $500.00) on every due date until your loan is paid in full. Finance fees paid will not be applied to your principal balance. *IMPORTANT: A NEW FINANCE FEE WILL BE ASSESSED (based on your remaining principal balance) WHEN YOU SELECT THIS PAYMENT OPTION*
Example of Automatic Renewal Option
(Your Current Balance)
(Your Payment)
(Your Balance After Payment Is Made)
PRINCIPAL BAL
+
FINANCE
FEE
=
TOTAL
DUE
-
PRINCIPAL PAID
-
FINANCE
FEE PAID
=
REMAINING PRINCIPAL BAL
+
NEW
FINANCE
FEE
=
REMAINING
BALANCE
$ 100.00
+
$ 38.00
=
$ 138.00
-
$ -
-
$ 38.00
=
$ 100.00
+
$ 38.00
=
$ 138.00
$ 200.00
+
$ 76.00
=
$ 276.00
-
$ -
-
$ 76.00
=
$ 200.00
+
$ 76.00
=
$ 276.00
$ 300.00
+
$ 114.00
=
$ 414.00
-
$ -
-
$ 114.00
=
$ 300.00
+
$ 114.00
=
$ 414.00
$ 400.00
+
$ 152.00
=
$ 552.00
-
$ -
-
$ 152.00
=
$ 400.00
+
$ 152.00
=
$ 552.00
$ 500.00
+
$ 190.00
=
$ 690.00
-
$ -
-
$ 190.00
=
$ 500.00
+
$ 190.00
=
$ 690.00

OPTION 2: SINGLE PAYMENT OPTION
THIS PAYMENT SELECTION CAN BE MADE WHEN YOU SIGN YOUR LOAN NOTE OR AT LEAST THREE FULL BUSINESS DAYS BEFORE YOUR DUE DATE. If you selected to pay off your loan when you signed your loan note, and you qualify, then you don't need to do anything else, the pay off amount will be automatically debited on your due date. You may pay your loan off on any due date. Your payoff amount will consist of your principal balance and finance charge.
Example of Single Payment Option
(Your Current Balance)
(Your Payment)
(Your Balance After Payment Is Made)
PRINCIPAL BAL
+
FINANCE
FEE
=
TOTAL
DUE
-
PRINCIPAL PAID
-
FINANCE
FEE PAID
=
REMAINING PRINCIPAL BAL
+
NEW
FINANCE
FEE
=
REMAINING
BALANCE
$ 100.00
+
$ 38.00
=
$ 138.00
-
$ 100.00
-
$ 38.00
=
$ -
+
$ -
=
$ -
$ 200.00
+
$ 76.00
=
$ 276.00
-
$ 200.00
-
$ 76.00
=
$ -
+
$ -
=
$ -
$ 300.00
+
$ 114.00
=
$ 414.00
-
$ 300.00
-
$ 114.00
=
$ -
+
$ -
=
$ -
$ 400.00
+
$ 152.00
=
$ 552.00
-
$ 400.00
-
$ 152.00
=
$ -
+
$ -
=
$ -
$ 500.00
+
$ 190.00
=
$ 690.00
-
$ 500.00
-
$ 190.00
=
$ -
+
$ -
=
$ -

Changing Payment Options / Alternative Payment Methods.
You can change your payment option at any time, up to three (3) business days before your loan payment is due. You can select to renew your loan, pay your loan off, or pay down your principal amount by increments of $50.00. Paying down will decrease the fee charge for renewal. Per the Electronic Funds Transfer Act and Regulation E, preauthorized ACH electronic payments from your bank account are NOT a condition of obtaining this loan from TLE. You may instead choose to wire transfer, use a debit card, or MoneyGram® to make payments. To make a change to your Payment Options or Payment Methods, you must notify us of your request at least three (3) full business days before your loan is due by either logging in to your account at the website www.National-PaydayLoan.com or calling our automated system at 1-888-678-8567 and following the instructions given.
Example of a $50 Pay Down Option
(Your Current Balance)
(Your Payment)
(Your Balance After Payment Is Made)
PRINCIPAL BAL
+
FINANCE
FEE
=
TOTAL
DUE
-
PRINCIPAL PAID
-
FINANCE
FEE PAID
=
REMAINING PRINCIPAL BAL
+
NEW
FINANCE
FEE
=
REMAINING
BALANCE
$ 100.00
+
$ 38.00
=
$ 138.00
-
$ 50.00
-
$ 38.00
=
$ 50.00
+
$ 19.00
=
$ 69.00
$ 200.00
+
$ 76.00
=
$ 276.00
-
$ 50.00
-
$ 76.00
=
$ 150.00
+
$ 57.00
=
$ 207.00
$ 300.00
+
$ 114.00
=
$ 414.00
-
$ 50.00
-
$ 114.00
=
$ 250.00
+
$ 95.00
=
$ 345.00
$ 400.00
+
$ 152.00
=
$ 552.00
-
$ 50.00
-
$ 152.00
=
$ 350.00
+
$ 133.00
=
$ 483.00
$ 500.00
+
$ 190.00
=
$ 690.00
-
$ 50.00
-
$ 190.00
=
$ 450.00
+
$ 171.00
=
$ 621.00

Notice: (1) This short-term Loan provides the cash needed to meet an immediate short-term cash flow problem. (2) It is not a solution for longer-term financial problem for which longer term financing may be more appropriate. (3) You may want to discuss your financial situation with a nonprofit financial counseling service in your community. (4) You will be charged additional fees if you renew or refinance your Loan with us.

How It Works Log In Apply FAQs Legal Disc. Privacy policy SPAM Concerns
Copyright 1992, National-PaydayLoan.com All Rights Reserved.

Loans are NOT available to residents of
AR, AZ, CA, CO, CT, DC, GA, IN, MA, MD, ME, NC, NJ, NH, NY, PA, VT, and WV