The popularity of payday loans is on the track of booming in all the direction of the world in order to measure its performance and competency. The requirement of 360 degree feedback is felt among all those lenders who offer loans to those people who are salaried or nine to five and can prove their monthly income. The major concept of 360 degree feedback is this to obtain feedback from all the people who are related with payday loans directly or indirectly. At the time of getting freedom in connection with payday loans, lenders and borrowers and intermediaries are asked to give their views so as to authentic data can be connected with effortlessness. With the intention of getting feedback, the written syllabus should be designed in a decent manner because it depends totally on it.