You can apply for a Castle Payday loan by agreeing to a disclaimer regarding electronic communications and privacy and then completing an application on the lender's website, CastlePayday.com. Applicants submit their completed applications to Castle, and the company reviews the applications and approves or denies the loans.Continue Reading
The user begins the application process by providing her name and email address on the site's homepage. Minimum requirements for loan approval include $700 monthly income, a bank account and the ability to accept phone calls. Castle only extends loans to U.S. residents age 18 years or older, and it reserves the right to consider additional credit factors before making a decision, according to CastlePayday.com.
Castle contacts some applicants to verify information. Alternatively, the applicant may initiate the verification process by contacting Castle, notes the website. After the lender approves the loan, it forwards loan documents to the borrower for the borrower's review. The borrower executes the documents to signify acceptance and returns the documents to Castle. Castle then deposits the funds into the applicant's account.
Castle extends personal loans that borrowers must repay according to a specified payment schedule. Borrowers can review the current annual percentage rate on the company's website before applying. Castle's credit terms are relatively lenient, as the company doesn't automatically disqualify an applicant because of a discharged bankruptcy, a history of overdrawing a bank account or failure to repay other credit accounts, explains the site.Learn more about Personal Loans