1 week payday loans - quick cash and repayment terms | finder.com

1 week short term loans – get cash fast and pay it back with your next paycheck

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A short-term loan means cash fast — and higher fees.

You can see your next payday coming up, but you’re short on cash now and in desperate need. If you’re out of all other options, a 1 week short-term loan, also referred to as a payday loan, may help you in a pinch. Using a short-term loan lender means money in your pocket fast, with up to 7 days to pay back the loan. It also means higher fees and short repayment terms.

LendYou Short-term Loans

LendYou Short-term Loans
  • Simple application
  • Quick decision
  • Bad credit OK

LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

  • Minimum loan amount: $100
  • Maximum loan amount: $15,000
  • Turnaround time: 1 business day
  • Loan term: Varies
  • You must be a US citizen or permanent resident, age 18+ and have a regular income.
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Promoted

A selection of loans you can apply for

Updated April 24th, 2019
Name Product Filter Values Max. Loan Amount Loan Term Turnaround Time
$35,000
6 months to 6 years
As soon as the next business day
See if you qualify for a loan from a range of lenders with high amounts and flexible terms.
$5,000
9 to 36 months
1 business day
Installment loans with competitive rates from a top-rated direct lender.
$2,600
Varies
1 to 2 business days
Installment loans with repayment terms up to 30 months, depending on your state.
$15,000
Varies
1 business day
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$10,000
90 days to 72 months
As early as 1 business day
An online connection service for quick cash loans.
Varies by state
Varies by state
1 business day
Apply for a short-term loan with an easy online application and dedicated customer service.
$250
7-30 days
generally receive the money the next business day
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
Varies by state
Varies by state
1 business day
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.

Compare up to 4 providers

What do I need to apply?

Eligibility criteria differs between lenders and states, but generally the minimum criteria is:

  • Age. Minimum age requirement is usually 18 years old.
  • Residency. You will need to be a US citizen or permanent resident and show what state you reside in.
  • Income. You may need to meet minimum income requirements or show that you earn a regular income.
  • Employment. Some lenders require you to be employed (and may request proof of your employment).
  • Credit history. The majority of short-term lenders do not require you to have good credit history in order to apply.

How do I repay a short-term loan?

There are a few options available when it comes to repaying your loan. Depending on the lender and the type of loan you have applied for, you may be able to use any of the following options to repay your loan:

  • Direct debit repayments. To make repayments this way you will need to provide an ACH authorization so the lender can debit your account. Before you sign the authorization make sure you know what dates the repayments are due to come out so you can be sure to have enough money in your account, and also know how to end the authorization.
  • Post-dated check. This is another repayments option offered by lenders, mostly by those who have physical branches. This method involves you giving the lender a check that it can cash on the day your repayment is due. Remember to make note of the payment date.

Benefits and drawbacks

Pros

  • You can get the money quickly. Lenders can have your money to you in 1-2 business days, or in as little as a few hours.
  • Use the money however you want. Once you get your money, you can use it for any legitimate purpose.
  • You can apply with bad credit. Most short-term lenders don’t run credit checks with the three major credit bureaus. They might use Teletrack and look at your ability to manage the repayments, but there are short-term lenders that don’t check this either.

Cons

  • Higher than normal fees. While most states have regulations regarding APR, rates can still reach into the thousandth percentile.
  • May not be available in your state. Your ability to apply will depend on the state you reside in.

How short-term loans work

Here’s what to know about loan options in your state

Payday loans are not legal in every state. Check the map below to see if payday loans are legal in your state.

Payday loan availability by state

Payday loan regulations by state

Beware of overborrowing

Make sure you know exactly how you’re going to repay the loan in 7 days. If you think you may not be able to repay the loan on time, it’s best that you don’t take the loan at all. You could end up paying a large sum in fees, and your credit rating might suffer even more.

Bottom line

Getting a 1 week short-term loan can help cover you for unexpected emergencies or special occasions, but with higher-than-average fees, be sure you compare all your options before applying.

What type of loan are you looking for?

Fixed Term

Fixed Amount

30 days
60 days
3 months
5 months
6 months
9 months
12 months
24 months

Frequently asked questions

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US Payday Loans Offers

Important Information*
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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