PayJoy
Online Payday Personal Consumer Loans up to $5,000
Easy Application, Fast Processing, Quick Approval, Any Credit Score
Request a Loan
PayJoy offers a wide range of affordable and flexible financial services for business. They enable consumers with no bank accounts or good credit history to purchase smartphones on installment payments and receive cash loans. The company does so by turning the smartphone into collateral through software that locks the phone when clients do not make payments. The mobile secure API ensure that each transaction is safe and secure. PayJoy is based in San Francisco, California, and was founded in 2015, Today, the business is profitable and growing quickly. The company’s mission is “to deliver access to credit to the next billion people in emerging markets worldwide.”
| Company name | PayJoy |
| Founded | 2015 |
| Address | 655 4th St, San Francisco |
| Website | payjoy.com |
| Phone number | (888) 360-5651 |
| info@payjoy.com |
Pros
- Direct lender
- Loans up to $5,000
- Offer multiple products
- Mobile app
- No late fees charged
- Approved in minutes
- No credit checks
- Build your credit
Cons
- High interest rates
- Poor customer support
- Many complaints
- Not BBB accredited
- Only serves San Francisco
Bottom line
PayJoy could help you to get a loan fast. They do not perform credit checks and charge no late fees. With PayJoy, you can borrow any amount from $1,000 to $5,000 and access your money within minutes. By making payments on time, you can build your credit fast. But if you reside outside San Francisco, you will have to search elsewhere.
Types of loans
PayJoy offers access to the following products:
- Installment Loans
- Cash Loans
Installment loans are paid back over a set period of time in fixed installments. The amount you are eligible for will depend on your eligibility.
Eligibility criteria
In order to get approved for a loan with PayJoy, you must meet a few requirements:
- You need to be at least 18 years.
- You must be a US citizen or permanent resident.
- You must provide proof of address no older than 3 months.
- Be employed and provide proof of income.
- You need a valid bank account, email and phone number.