A payday loan is a brief financial solution providing small sums of money to bridge the gap between pay periods. These loans operate under an installment structure, requiring borrowers to reimburse the borrowed amount through scheduled payments across a defined timeframe. LSD Prestamo’s payday loans feature a consistent interest rate and necessitate repayment over a 6-month duration.

You can use a payday loan for various purposes, such as covering unexpected expenses, paying bills, car repairs, managing emergencies, or any other urgent expenses that come your way between paychecks.

Payday loans offer quick access to funds without the lengthy application processes or stringent credit requirements associated with traditional bank loans or credit cards.

Our payday loan approval is provided within 1 business day of providing the required information (during business hours)*. The decision will arrive promptly – Usually, we send you a text message via WhatsApp.

Here are the main types of information we need, and the documents we may require when you’re applying for a personal loan:

Salaried Employee

1. 1. Copy of MyKad (front and back)
   2. Latest 3-months salary slips
   3. Latest EPF / BE form
   4. Latest 3-months bank statements
   5. Latest Utility bills of current residence (Electricity/Water/Maintenance/etc.)

Self-employed

1. 1. Copy of MyKad (front and back)
   2. SSM (page 1-3)
   3. Tax Declaration / Receipt
   4. Latest 6-months bank statements (personal & company)
   5. Latest Utility bills of current residence (Electricity/Water/Maintenance/etc.)

*Any other documents where necessary.

LSD Prestamo prioritizes transparency, ensuring all fees and charges are fully disclosed upfront. You can trust that there are no hidden costs, providing peace of mind as you navigate your financial needs with clarity and confidence. See our rates and fees for more info.

We make repayment as painless as possible. You can usually signing up direct debit from your bank account so you never have to worry about missing a beat. More info, See How to pay page.

While we don’t offer no-credit-check or guaranteed approval payday loans, we’re here to help those with bad credit. Approval hinges on our assessment of your repayment capability.

No, as the funds are transferred directly into your account you will need a bank account to get a loan.

Responsibly managing a payday loan can help build or rebuild credit, demonstrating your ability to handle short-term financial obligations and potentially improving your financial standing over time.

The application process is super simple. You can apply online in minutes, or WhatsApp one of our specialists for a chat. We’re here to guide you through every step.