Get a $500 cash loan by tomorrow

How to get a $500 before you next pay check.

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When you need $500 fast, a payday loan might be your best option. These short-term loans are costly, but can get you the money you need quickly.

Our top pick: CashUSA Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $10,000
  • Turnaround Time: As early as 1 business day
  • Loan Term: 90 days to 72 months
  • Requirements: $1,000+ monthly income after taxes, valid checking account
  • Bad credit is OK
  • No application fee
  • Debt education resources

Our top pick: CashUSA Installment Loans

Explore its online education center to get tips on budgeting, how to prioritize your bills and more.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $10,000
  • Turnaround Time: As early as 1 business day
  • Loan Term: 90 days to 72 months
  • Requirements: $1,000+ monthly income after taxes, valid checking account
Promoted

Compare $500 loans

Updated October 16th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
Varies by state
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
$1,200
As soon as the next business day
Regular source of income received biweekly or semi-monthly, Missouri or Utah resident, checking account with automatic deposits, not a military service member
Borrow up to $1,200 — but only if you live in Missouri or Utah.
$1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
$1,000
1 to 2 business days
Employed, $1,000+ monthly income after taxes, US citizen or permanent resident, ages 18+
Use its repayment calculator to see how the loan term and amount you borrow affects the overall cost.
$5,000
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.

Compare up to 4 providers

Loan eligibility

Eligibility criteria differs between lenders, but you’ll usually need to:

  • Have a regular source of income
  • Be a US resident
  • Be over the age of 18

Usually you can get a $500 loan even if you have bad credit.

The $500 loan application checklist

Here’s what you need to apply for a $500 loan:

  • Personal details. You’ll need your name, contact information and official documents to verify your identity – this can be your driver’s license, state ID or passport.
  • Employment and income. If you’re employed, you’ll need to provide your employer information and how much you earn.
  • Welfare. If you receive welfare payments, you’ll need to provide information on how much you receive and how often.
  • Finances and banking. Short term lenders usually require documentation of your banking history for the past 90 days.

Get a $500 loan

How do $500 loans work?

The most common type of $500 loan is a traditional payday loan. This means that you pay it all back plus a fee the next time you get paid — within two to four weeks.

Can’t pay it back then? Some lenders offer the option to roll it over for a fee. Try to avoid this if possible — that’s how you can get caught up in a cycle of debt.

Payday loans aren’t legal in all states.

How much will it cost?

Depending on your lender and your state, you can expect to pay around $75 and $150 for a $500 loan. This works out to an APR range of around 182% to 365% on a 30-day loan or 365% to 730% on a 15-day loan.

How to compare lenders

  • What’s the APR? The APR is the easiest way to compare loans with different rates and terms, since it tells you how much it’ll cost over a year.
  • What are the fees? The fee tells you how much you’ll actually have to fork over for this loan.
  • Is the lender reputable? Make sure your lender is legit by reading reviews and checking out complaints on its Better Business Bureau or Consumer Financial Protection Bureau page.
  • Does it service my state? Some payday lenders don’t work in all states either because they aren’t licensed there or payday loans are illegal.

Find out if you can get a payday loan in your state

If payday loans aren’t legal in your state, consider these alternatives.

Pros and cons of $500 loans

  • High interest rates.
    $500 short term loans can come with very high interest rates. The faster you pay off your loan, the less you’ll pay altogether.
  • Disreputable lenders.
    Not all lenders you find online are reputable. Some predatory lenders will take advantage of people who need cash quickly. Make sure you review the lender’s information before applying for a loan.

Frequently asked questions about $500 loans

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2 Responses

  1. Default Gravatar
    TammyJanuary 23, 2019

    I was approved for a loan and a phoenix program for a loan up to 500 how do I apply?

    • Avatarfinder Customer Care
      ValJanuary 28, 2019Staff

      Hi Tammy,

      Thank you for leaving a questions.

      Eligibility criteria differs between lenders, but you’ll usually need to:
      Have a regular source of income
      Be a US resident
      Be over the age of 18

      If you have already chosen a lender from our website, you may click on the Go To Site button or apply now. You can compare lenders by checking on the APR, fees, lender reviews, and if it serves the state you are in.

      Please check all T&C prior to applying.

      Hope this helps.

      Regards,
      Val

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