No, you will not have to visit a bank to apply for a payday loan. There are many financial organizations that offer payday loans to applicants. We have covered some of the best options above and they all are digital. This means you will be able to apply for a loan online. You’ll be asked to submit digital copies of the required documents. Most lenders process the application right away and money can take about 24-48 hours to get deposited. You’ll be asked to provide a bank account number where the money will show up, without you having to visit the institution in person.