What is a payday loan? A payday loan is a type of short-term, high cost loan, generally for $2000 or less. Short-term borrowing where a lender will extend high-interest credit based on your income.

What is a Payday Loan: Payday Loan Information for Consumers

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LendYou
до $ 2 500
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

USA NewLoan
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

PrimeTimeAdvance
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

Loans4USA
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

PaydayCash
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

Payzonno
до $ 5 000
loan amount:$100-5000
age:18 years of age or older
loan term:2 to 7 years
est. APR:6.63% to 485%

information
  • valid checking or savings account with direct deposit
  • you should have worked at your current employment at least 90 days
  • be a US citizen/permanent resident
  • minimum regular income of $1,000 per/month after tax
  • have a checking account in your name
  • have a valid email
  • have a home/work telephone number

Get Started

Qualifications

  • Minimum credit score: None.
  • Minimum credit history: None, this lending platform accepts borrowers with credit history too limited to produce a FICO score.
  • Minimum gross income: $10,000.
  • Employment: Full-time job, full-time job offer starting in 6 months, a regular part-time job, or another source of regular income.
  • Must have U.S. residential street address where borrower resides (unless military personnel on active duty).
  • Must be at least 18 years old.
  • Valid email account required.
  • Personal bank account with U.S. routing number required.

Pros

  • Allows secured and joint loans.
  • Offers a wide range of repayment terms.
  • Offers a 0.5% rate discount for setting up autopay.
  • Offers significant rate discount for checking account customers.
  • Offers rate discount with direct payment to creditors on debt consolidation loans.

Cons

  • Charges origination fee.
  • No co-signed loan option.

Online decision in seconds - Money within 15 minutes

Installment Loan
under $ 5.000
Payday Loan
under $ 1.000
Personal Loan
under $ 35.000

When I was a little girl growing up in North Carolina, there was a company called "Check-Into-Cash". The television advertisements used by this company were so catchy that now, twenty years later, I can still sing them to you. Of course I did not really know what the company did, but I understood enough to know that if you needed money and your paycheck was not coming soon, the company would cash a personal check and you would pay them back when you received your paycheck. Come to find out, this has a name, a payday loan.

A payday loan online is one which is applied for to assist you between paychecks. Perhaps there has been an emergency and your bank account cannot withstand the pressure until your next payday. This type of loan can be quite helpful in such emergencies but can come at a large cost - higher interest rates than usual loans. There are several types of payday loans, each with their own set of benefits. Below you could find some payday loan information you may find interesting.

Payday Loan Information

"No fax payday loan" is one type which the public seems to really like. This process saves time on the application as well as saving money for the borrower. Faxless loans are called as such because the documentation required to verify the credibility of the borrower can all be done without faxing in certified documents. This mainly means either an online application, or a system that does not require a credit check.

Payday loan online is a popular solution to an immediate need, because of the speed with which the loan can be attained. Most online cash advances are a form of the faxless payday loan. There are several websites that claim that with their company, the online payday load does not require the credit check that other payday loans may expect.

For those who may not want to get a loan which is secured by a future paycheck personal loans, credit cards, and debt consolidation are possible alternatives. While these would be helpful by not reducing a future paycheck, they are not going to put money in your hand today. In fact, each alternative will only be another payment you are expected to give whereas a payday loan will be paid back with the next paycheck and be done.

The requirements for obtaining a payday loan are few, the borrower must be 18 years of age, have proof of long-term employment, and a banking account. With many online lenders, the money is deposited into your account the next business day. Approval time varies depending upon the company and their procedure for credit checks or employment verification. There are some fees attached, other than the higher interest rates, but these too vary between companies.

If you find yourself in a financial crisis and need cash and you have a steady job, then perhaps a payday loan is the right choice for you. Be sure to check out each company and compare their services before agreeing to just one. Each company is different with their requirements, interest rates, and attached fees so be sure to do your homework.

FAQ - Payday Loan Information

Are online loans safe❓

It is safe to get a loan from an online lender; you just need to choose a reputable lender. Features like no credit checks and annual percentage rates above 36% should be red flags. Know the signs of predatory loans to avoid a debt trap.

Where can I get a loan❓

Online lenders, banks and credit unions all offer unsecured personal loans. While some online lenders can offer low rates and fast funding, you may get a better offer from your credit union or bank if you're an existing customer. Learn more about where to get a personal loan.

How fast can I get a loan❓

Some lenders say they can approve a loan application in minutes and fund a loan win a day or two of approval, while others may take a few days for each. Generally, you should expect to get the funds from a installment loan within a week of approval.

Can I get a fast loan with bad credit❓

Credit score requirements vary among lenders. Some lenders accept borrowers with good or better credit only; others will loan to bad-credit borrowers. Learn how to get a payday loan with bad credit.

Can I get a cash advance online❓

Cash advance online loans are quickly approved, and in most cases available on the same day for our clients. As soon as the submitted cash loan application has been approved, funds will be transferred into your account on the same day.

How can I borrow emergency money❓

You can get an emergency loan through a bank, online lender or credit union. It's best to compare emergency loans with alternatives to find the cheapest way to borrow money. Online lenders can fund loans quickly — sometimes the same or next day after you're approved — and many let you check your rate before you apply. It usually takes a few minutes to apply for a loan if you have all the required documents ready.