Payday Loans Near Me

Find out which company is ready to loan

By clicking the Find out button you are agreeing with our Privacy Policy.

Other in Payday

  1. $200 Payday
  2. $100 Payday
  3. Payday
  4. $400 Payday
  5. $300 Payday
  6. $900 Payday
  7. $800 Payday
  8. $700 Payday
  9. $600 Payday
  10. Small Payday Online
  11. $1,400 Payday
  12. Best Payday
  13. Payday Online
  14. $1,000 Payday
  15. $255 Payday
  16. $1,500 Payday
  17. $1,300 Payday
  18. $1,200 Payday
  19. $500 Payday
  20. Urgent Loans for Bad Credit
  21. Fast Loans
  22. Emergency Loans
  23. Cash Loans
  24. Same-Day Loans
  25. Quick Loans
  26. Payday with No Credit Check
  27. Small Payday with No Credit Check
  28. Short-Term Loans
  29. 1-Hour Payday
  30. Loans For Bad Credit
  31. Bad Credit Loans With Guaranteed Approval
  32. Quick Loans for Bad Credit
  33. Direct Payday Lenders
  34. Installment for Bad Credit
  35. No-Income Loans
  36. No-Credit-Check Loans
  37. Cash Advance
  38. Online Loans
  39. Internet Loans
  40. Oportun
  41. Check Cashing Store
  42. Tribal Loans
  43. Fast Cash Loans
  44. Installment
  45. I Need A Payday Immediately
  46. Best Online Lenders
  47. Instant Loans
  48. I Need $1000 Now
  49. I Need $500 Now
  50. I Need Money Now
  51. I Need $100 Now
  52. I Need $200 Now
  53. I Need $1500 Now
  54. Cash Advance Apps
  55. I Need $2000 Now
  56. CashNet USA
  57. Speedy Cash
  58. Advance America
  59. Ace Cash Express
  60. Mariner Finance
  61. Loans Like Oportun
  62. Loans Like CashNetUSA
  63. Loans Like OneMain Financial
  64. Loans Like Mariner Finance
  65. OneMain Financial
  66. World Finance
  67. Moneytree
  68. Loans Like ACE Cash Express
  69. Loans Like Check Cashing Store
  70. Loans Like World Finance
  71. Loans Like Moneytree
  72. Check Into Cash
  73. Loans Like Speedy Cash
  74. Advance Financial
  75. NetCredit
  76. OppLoans
  77. Approved Cash
  78. Loans Like Advance Financial
  79. Loans Like Approved Cash
  80. Loans Like NetCredit
  81. Loans Like Check Into Cash
  82. Loans Like Advance America
  83. Loans Like OppLoans
  84. Spotloan
  85. Loans Like Spotloan
  86. Offers
  87. List of Online Payday Lenders
  88. Pawnshop Loans

Other categories

  1. Amount
  2. Need Money Now
  3. Lenders
  4. Payday
  • You take:
  • Overpayment: 0 $
  • You return:
  • Return Date:

Payday loans are short-term, high-interest loans designed to help cover unexpected expenses between paychecks. Unlike an installment loan, which is repaid over time with scheduled payments, a payday loan is typically due in full on your next payday. The application process for payday loans is usually quick and straightforward, making it an option for those who need immediate cash to handle financial emergencies.

Features

  • Short-Term Loan. Payday loans are designed as short-term loans, typically due in two to four weeks.

  • Loan Amount. They usually involve small-dollar loans, often ranging from $100 to $1,000.

  • Repayment Terms. Repayment is generally required in one lump sum payment on the borrower's next paycheck.

  • Interest Rates. These loans come with high interest rates and fees, significantly higher than those of personal loans from a credit union or bank.

Pros and Cons

Pros

  1. Quick Access To Cash. Payday loans provide fast funds, often within 24 hours, which can be crucial for covering unexpected expenses.

  2. Simple Application Process. The application process is straightforward and typically requires minimal documentation, making it easy to obtain a loan.

  3. No Credit Check. Payday loans usually do not require a credit check, making them accessible to individuals with poor or no credit history.

Cons

  1. High Interest Rates. Payday loans come with extremely high interest rates, which can lead to a cycle of debt if not repaid promptly.

  2. Short Repayment Period. Unlike an installment loan, payday loans are due in full on your next payday, which can be challenging for some borrowers.

  3. Potential For Debt Cycle. The ease of access and short repayment period can trap borrowers in a cycle of taking out new loans to repay old ones, leading to more financial strain.

How to Apply for a Payday Loan?

  1. Choose A Payday Lender. Select a reputable payday lender, whether from online lenders or a physical location, ensuring they comply with state laws and federal regulations.

  2. Prepare Required Documents. Gather necessary documents such as a pay stub, social security number, bank account information, and proof of income.

  3. Complete The Application. Fill out the payday loan application form with personal details, employment information, and loan amount requested. Submit the application online or in person.

  4. Review The Payday Loan Agreement. Carefully review the payday loan agreement, paying close attention to interest rates, fees, repayment terms, and the due date.

  5. Receive Loan Proceeds. Once approved, receive the loan proceeds directly into your bank account or prepaid card account, typically on the same business day.

Requirements

According to the U.S. government’s Consumer Financial Protection Bureau (CFPB), to qualify for a loan, most payday lenders only require that borrowers:

  1. Age. Applicants must be at least the age of majority, which is 18 in most states, although some states require borrowers to be 19 or 21 years old.

  2. Have An Active Checking Account. A valid and active bank account is necessary for the deposit of loan proceeds and for the lender to withdraw repayments.

  3. Provide Proof Of Income. Borrowers need to show evidence of regular income, such as pay stubs, to demonstrate their ability to repay the loan.

  4. Valid Identification. Borrowers must present valid identification, which typically includes a social security number, to verify their identity.

Ways to Receive the Money

  1. Direct Deposit. The most common method is a direct deposit into your bank account. Once your payday loan application is approved, the payday lender will transfer the loan proceeds directly into your active checking account, typically on the same business day.

  2. Prepaid Debit Card. Some payday lenders offer the option to load the borrowed amount onto a prepaid card account. This can be convenient for those who prefer not to use their bank account.

  3. Cash. In certain cases, especially with in-person payday lenders, you may receive the borrowed amount in cash. However, this is less common than direct deposit or prepaid card options.

  4. Check. A few payday lenders might provide a check for the loan amount, which you can then cash or deposit into your bank account.

Payday Loan Rates

The average payday loan rates generally involve fees ranging from $10 to $30 per $100 borrowed, influenced by state regulations and borrowing limits. A typical fee is $15 per $100 borrowed, leading to an annual percentage rate (APR) close to 400% for a two-week loan. For instance, if you borrow $300, you would need to repay around $345 by the next payday. These rates are significantly higher than those for other types of loans, such as personal loans or secured personal loans.

Payday lending is permitted in thirty-seven states, while eleven jurisdictions, including Connecticut, Maryland, and New York, have strict regulations or interest rate caps that limit or effectively prohibit payday lending. Some states like Arkansas and North Carolina have repealed their payday lending statutes, and others like the District of Columbia have completely banned it.

Eighteen states and the District of Columbia have implemented usury rate caps, often at 36% APR, to curb high-cost payday lending. States like Nebraska, Hawaii, Illinois, and New Mexico have recently enacted such caps, reflecting a growing trend towards regulating payday loan rates.

The highest payday loan interest rates are found in states like Texas (662%), Missouri (652%), and Delaware (639%). Conversely, states like Oregon (140%), Maine (228%), and Iowa (247%) have lower rates. Some states, such as Washington and Virginia, have additional regulations to limit the number of payday loans or extend repayment terms to reduce the risk of debt traps.

John Anderson
Expert's opinion

Payday loans, while offering a quick solution for unexpected expenses, present a mixed bag of benefits and drawbacks. On one hand, their simple application process and accessibility provide immediate financial relief without the need for a credit check. However, the high interest rates and short repayment periods distinguish them from an installment loan, often creating a challenging cycle of debt for borrowers. These loans can be a viable option for urgent cash needs but should be approached with caution and a clear repayment plan to avoid potential financial pitfalls.

John Anderson

Loan expert

Payday Loans Near Me. Apply Online

  • Go to Website

    Go to the Loanspersonal website and click the "Apply now" button

  • Register

    Enter your details such as full name, mobile number, e-mail and desired loan amount to create a profile.

  • Fill In the Form

    In the application, please provide your SSN, address and employment information and bank account details for receiving the loan

  • Wait for a Decision

    Your request is usually reviewed within 10-20 minutes.

  • Select Offer

    Review the terms&rates of the offers you receive in your personal account, via SMS, or by email.

  • Make a Deal With a Lender

    Finalize the agreement by entering the SMS code in the app or on the company website.

  • Receive the Funds

    Once all procedures are completed and your application is approved, the lender will transfer the funds.

FAQs

A payday loan is a short-term loan that is typically due in full on your next payday, while an installment loan is repaid over time with scheduled payments, offering a longer repayment period.

Yes, payday loans come with high interest rates and short repayment periods, which can lead to a cycle of debt if not managed properly. It's important to have a clear repayment plan to avoid financial difficulties.

Yes, most payday lenders do not require a credit check, making payday loans accessible to individuals with poor or no credit history. However, the terms may still be challenging due to high interest rates.

Other lending offers

Lend Plans

Loan Amount: 3,000$

Loan Term: 0 days.

Apply now

Interest Rate: 0.0%

Plan B Loan

Loan Amount: 5,000$

Loan Term: 180 days.

Apply now

Interest Rate: 0.0%

Funds Joy

Loan Amount: 6,000$

Loan Term: 5 days.

Apply now

Interest Rate: 0.0%

Loans Angel

Loan Amount: 2,000$

Loan Term: 12 days.

Apply now

Interest Rate: 0.0%