best payday loans

The best short-term loans for you

How can you find “the best” short-term loan?

There are times in life when you might need money quickly. If you find yourself in a situation where you’re considering a short-term loan, you may be wondering how you can compare your loan options to find the best one.

Below is our guide on what to look for in applications and everything you need to know to make a good decision for your financial future.

LendUp Payday Loans

LendUp Payday Loans

Apply for a payday loan conveniently online and borrow between $100 and $250.

  • Min. loan amount: $100
  • Loan term: 7–30 days
  • Total costs: Depends on your state, loan product, loan amount and the term of the loan.
  • Must be 18+ (19+ in Alabama)
  • No security deposit needed
  • Confidential and secure
  • Visit the site to see if available in your state

    A selection of loans you can apply for

    Here are some loan providers you can apply with. Note that the max loan amount is based on the lender’s max amount and will vary based on your state.

    Rates last updated September 22nd, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    $250
    7–30 days
    Generally receive the money the next business day
    CashNetUSA Loan
    Apply for short term loans, installment loans or lines of credit in 30 states typically with a day’s turnaround.
    Varies by state
    Varies by state
    1 business day
    ACE Cash Express Payday Loans
    Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Check City Payday Loan
    Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.
    Depends on state of residency
    Varies by state
    Next day
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    $1,000
    Varies by state
    1–2 business days

    Compare up to 4 providers

    A selection of lender-matching services you can apply with

    These lender-matching services are not lenders, loan brokers or agents for any lender or loan broker. They also do not make credit decisions. They focus on trying to match you with a lender that might be able to provide you the funds you seek. Note that the max loan amount is based on the matching services max amount and will vary based on your state of residence. If you proceed with one of these services, confirm that the lender is reputable by checking with your local government.

    Rates last updated September 22nd, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
    Bad Credit Loans Personal Loans
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000
    3 to 60 months
    Varies based on lender
    Slam Dunk Loans
    Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.
    $2,500
    Varies by lender
    As soon as next business day
    TriangleCash Payday Loans
    If you have bad credit or no credit history, apply to be matched with a network of lenders for funding at rates that vary by state.
    $1,000
    Varies based on lender
    As soon as next business day
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    $1,000
    Varies by lender
    Next business day
    iCashLoans.com Short Term Loans
    $1,000
    Varies by lender
    Varies by lender
    CashAdvance.com Payday Loans
    Whether for emergencies or unexpected expenses, this broker may be able to match you among its nationwide network of lenders.
    $999
    Up to 12 months
    1–2 days

    Compare up to 4 providers

    What features make a short-term loan the best for you?

    Here are some simple questions you should ask yourself while searching for a short-term loan:

    • Do you prefer a secured loan? Finding a short-term loan that doesn’t require any form of collateral shouldn’t be difficult, but some short-term loan providers might want you to provide collateral in the form of your car’s title.
    • Is there a store network and online presence? Any lender that calls itself the best short-term loan company should offer you convenience when it comes to borrowing. This may mean they have a wide network of stores across the country or that they let you apply for and manage your loan online.
    • How long does it take to process the loan? Some of the best short-term loans ensure that you have access to the approved funds the following business day. A limited number of lenders provide prepaid debit card loans which can give you access to funds quickly after approval by transferring the amount to your eligible card. You can then use the money anytime and anywhere.
    • Are you aware of all the fees? While some of the best short-term loans provide quick access to funds, take the time to find out just how much you’ll have to pay in the form of fees. The best short-term loan company in this regard is the one that charges the lowest fees. Remember how much you borrow affects how much you have to pay.
    • Does the lender accept bad credit applications? If you’re looking for the best bad credit short-term loan, take into account that most short-term lenders accept applications from individuals who don’t have good credit history. If the lender you’re looking at requires good credit history and you aren’t eligible, simply move on to the next.

    What else do you need to know about short-term loans?

    What are the differences between lenders I should look for?

    When you’re comparing the best loans, it’s often hard to know exactly what you should be on the lookout for. Here’s an example you can follow when determining the best lender for you.

    LendUpCashNetUSAACE Cash Express
    Maximum$250VariesVaries
    Minimum$100VariesVaries
    Loan Length7 to 30 daysVariesVaries
    Loans AvailablePayday Loans
    Installment Loans
    Payday Loans
    Installment Loans
    Lines of Credit
    Payday Loans
    Installment Loans
    Auto Title Loans
    States Serviced:California
    Louisiana
    Missouri
    Michigan
    New Mexico
    Tennessee
    Texas
    Wisconsin
    Alabama
    Alaska
    California
    Florida
    Hawaii
    Louisiana
    Maine
    Michigan
    Minnesta
    Nevada
    Texas
    Washington
    Wyoming
    California
    Idaho,
    Kansas
    Louisiana
    Minnesota
    Ohio
    Texas

    What are the pros and cons of short-term loans?

    • You can get your money quickly. When you’re applying for a short-term loan, you can get your money immediately after approval if you apply in-store, and most online lenders transfer approved funds to your bank account the next business day.
    • Freedom to use the money as you like. You apply for a short-term loan no matter what reason you need the money.
    • Bad credit is OK. short-term loan providers will accept applications from people with poor credit histories, but make sure you compare other aspects when looking for the best bad credit short-term loan.
    • Higher than normal fees. Even the best short-term loan company will charge fees for providing loans, and short-term loans tend to attract higher fees in comparison to conventional loans. A general rule of thumb is that the more you borrow, the more you pay in the form of fees.
    • Disreputable lenders. If a short-term lender sounds great and is offering rates too good to be true, be sure to find out if they are. Ensure the lender complies with all relevant state regulations and that they are operating legally.
    • Not always available. Some states don’t allow short-term loans. If you live in one of them, look into installment loans or personal loans instead.

    Need cash quick? Let’s work out your best options

    Anything that isn’t “the best” with these loans?

    Before you apply, ensure that you won’t have any problems in repaying the loan. If you think you might have trouble, don’t take out the loan. Late or missed payments come with increased fees, charges and interest rates on top of negatively impacting your credit. Always work the repayment schedule into your budget, and the best loans will remain the best.

    Know that even the best short-term loans can end up costing much more than originally anticipated, especially if you don’t repay your loan on time.

    Bottom line

    Bear in mind that while the best short-term loans will give you quick access to the money you need, there are a number of good short-term loan providers vying for your attention, so compare all your options before applying.

    Are payday loans available in my state?

    Questions you might have asked

    We understand that you may be cautious when applying for short-term loans. Here are some of the frequent questions our users have asked.

    Applying for a short-term loan should take around 5-10 minutes, provided you have all the information needed to complete the application close at hand.
    It depends on the lender. Check their policies before applying.
    Yes. You should have a steady job or earn a regular income, be a US citizen or permanent resident and old enough to apply (18 in most states). Individual lenders make have other requirements, and your ability to take out a loan depends on state laws.
    You’ll have to repay the loan on your next payday, which can be up to 30 days from the date you get the loan. Most lenders require your bank account information so they can debit the repayment amount directly on the given due date. If you apply in-store, you can provide a post-dated check at the time of application. Some lenders allow you to make early repayments via credit cards, MoneyGram and Western Union.
    Some lenders may let you pay off your loan early. It’s important to check if there are any other fees and charges associated with early repayment.
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    2 Responses

    1. Default Gravatar
      FrankieApril 16, 2017

      I’m in need of a small loan but don’t have a checking or savings account. Is there any other way around it?

      • Staff
        AnndyJune 15, 2017Staff

        Hi Frankie,

        Thanks for your question.

        If you need funds quickly but don’t have a bank account, you may consider getting a payday loan from a lender and have the funds deposited onto a prepaid debit card. You may compare your options on this page.

        Please do review the requirements and eligibility criteria when you apply.

        Cheers,
        Anndy

    US Payday Loans Offers

    Learn about our information service
    Slam Dunk Loans

    Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    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

    Get a better installment loan repayment terms up to 36 months, depending on your state.

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