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  Payday Loan FAQ, Part 2
Other concerns you may be having about the payday loan process may not include whether you will be approved or not, but other matters such as how much you can borrow, how long it will take to get the cash advance, and whether or not collateral is required for the loan.

The amount that you can borrow when applying for an online payday loan can vary greatly depending upon the area you live in, the laws of your state and your unique, individual situation. On average, the loan amounts can range between approximately $200-$1000, depending upon the area and each individual applicant.

When you are applying for a short term loan it is often because you need the cash fast to help with an emergency situation such as home repairs, veterinarian visits or other immediate or sudden needs. At ConnectedCommunities it is possible in some cases for approved applicants to receive their loan within 24 hours, which is deposited directly into their bank account.

Another common question regarding short term loans involves collateral and whether or not it is a requirement for cash advance loans at ConnectedCommunities. No! Collateral is not required by any of our network of lenders, making payday loans an excellent choice for people who need a short term loan but are uncomfortable with using collateral.

If you are ready to apply for a payday loan, use our easy online payday loan application to find out if you are approved for a quick loan!

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