A Personal Loan allows you to pay for your loan over a longer period of time than your traditional Payday Loan. With a Personal Loan you are allowed to repay the loan in scheduled payments that are generally equal in amount (last payment may vary slightly). If you have an active checking account, direct deposit and a job, you can be approved within a few minutes. The money is electronically transferred to and repaid from your bank account on certain dates you have agreed. This allows you the flexibility to deal with emergency cash circumstances such as auto repairs, unexpected medical bills, or other financial needs.