Payday loans

Payday loans are granted on the same day or as soon as possible. To ensure efficient payday lending, quality software is required. CREDITONLINE offers payday loan software that allows smooth administration of loans with flexibility and ease. The below information provides more information about payday loans, our software, the benefits of using it and some key features.

What is payday lending?

Payday loans are fast, short-time loans. Payday loans are usually issued in small amounts compared to other high street loans. It is worth noting that payday loans can often have higher interest rates, it is vital this is considered before issuing a loan to ensure the applicant can make repayments. Payday loans often do not have a monthly repayment schedule as they are usually repaid in a single payment within a specified period set by the payday loan lender. Payday loans can be provided by banks, credit unions and other financial institutions.



Why choose CREDITONLINE Payday Loans software?

In order to ensure smooth administration of payday loans, a reliable payday loans management system is required for payday loan providers. Our system has been recognised by financial sector professionals and guarantees loans are issued easily and quickly. Some benefits of our software include

  • Customisable configuration of our payday loan administration system. Our system is simple and easy to use, employee training will also be provided by our team of experts .
  • Flexible and fast configuration when new products or business processes are introduced. At CREDITONLINE we believe it is important to use systems that grow with your business.
  • Reduced risk thanks to an integrated automatic client scoring system helping you and your team make better decisions.
  • Save time and money thanks to our automated software that allows for fast loan decisions.

If you would like to find out more about CREDITONLINE's Payday Loan management system and how it can support your business, please contact our team or book a free demo.

Frequently Asked Questions

Does your software help manage payday loans?
Yes, our loan management software can be used to improve the efficiency of administering payday loans.
What are the benefits of using your software for payday loans?
Our payday loan management software can be fully customised to suit your business needs, is secure and can be heavily automated to improve efficiency, profits and save your team time.
Does your software allow for automated payment reminders?
Automatic payment reminders can be sent to client’s using our communications module. Templates can be created which.