Steady Employment

• Before you can get an instant approval loan, the lender will make sure that you are steadily employed. The lender wants to know that you can repay the loan according to the terms set forth in the agreement. Some lenders will want to make sure that you are not self-employed, as well. You must have an income that you can document with a check stub or by some other means. If you cannot prove your income, the lender will not approve the loan, in most cases.
  
  

Bank Account

• Before you can get an instant approval loan, the lender will also want to verify that you have an open bank account in good standing. Most lenders of this kind will deposit the money from your loan directly into your bank account. Many of them would also prefer for you to make payments through automatic withdrawal from your bank account. You will have to provide your account information; the lender will typically verify this with the bank.
  
  

Identification

• Before you can get an instant approval loan, the lender will also want to see your identification. You may need to provide a driver's license or some other kind of photo identification. The lender may be very strict about this point, as it can help prevent identity theft. The lender may also ask for your Social Security number. This is not for the purpose of running a credit check, but simply for identifying you in case you try to get out of paying the loan back.
  
  

Other Financial Information

• The lender may also be interested in your other financial information. While not every instant approval lender will want to know about your financial situation, some will ask for additional documentation. For example, you may have to provide a bank statement. If you have any other types of debt or outstanding loans, the lender may want to know about your monthly payments and any other applicable details. If you have other outstanding payday loans, you may not be able to qualify for a new loan.