Short-term credit can help you when you need it. When most of us think about loan applications though, our minds flash to long queues at the bank and endless forms.

Payday loans are designed to be fast funding for short periods of time. But did you know you can apply online too?

A web search connects you to the right bad-credit loans direct lender. But what else should you look for? And what are the benefits of online applications?

We've got you covered. Here's your guide to online payday loans.

 What Are the Benefits Online Payday Loans?

 Online lenders have fewer overheads than physical shops. Rent, building tax and maintenance all factor in, and to make a profit, high street lenders may up their APRs. This means online payday loans can be better deals, but there's more.

Processing times are rapid for online payday loans. You could get approved and funded in 24 hours. Some direct lenders even guarantee it.

On the topic of direct lenders, they have many advantages over brokers. You will deal with your lender directly, get a better deal, and your personal information will be safer in most cases.

You can apply for a payday loan online in minutes. If approved, your funds will follow.

Any questions, and the best lender answer them via live chat. You can also call their offices, but for quick enquiries, live chat should suffice.

 Are You Eligible?

 You need to be UK resident and over-18 for a payday loan. Submit a copy of your passport or driving license plus proof of address.

 Most direct lenders in the UK will ask your employment status. You may have to prove this via payslips or contracts. Your income is a key factor in your payday loan eligibility.

Credit checks are secondary to payday loans. Responsible lenders will make a soft search, but even with bad credit, you should be eligible for a short-term loan. Your ability to pay back the amount is the main concern, and this requires analysis of your expenses.

You need to work out your expected expenses over the duration of the loan. Factor in interest into your calculations, and make sure you have an emergency fund. Your net income, after expenses, will determine whether you get your loan.

 How Do You Find the Best Online Lenders?

 Treat online lenders as you would on the high street. Ask the same questions you would ask a bank and ensure they have the right credentials.

A direct lender must have an FCA authorisation number. You can find this on their homepage, in footnotes or by searching the FCA service registry. FCA authorisation ensures lenders meet the standards set out under new UK credit laws and regulations.

Compare APR for each potential lender. What extra fees do they charge? Avoid lenders who charge an early repayment fee or excessive admin fees at the start.

Dig into their online reputation. Find out what past customers say about them before you decide. Customer service, FCA compliance and flexibility should be top of your list.

 Online Payday Loans: Quick, Convenient Solutions

 Why add a trip to the bank into your already hectic schedule? With bills to pay, freeing up your time with an online payday loan can help.

Make sure you have tried your other financial options first. Check for FCA compliance and ensure you can make the repayments. Now, it's time to get back on track.