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Compare short-term loans in Bakersfield

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Find a lender near you — but make sure it’s licensed before you apply.

Bakersfield residents have a range of options when it comes to fast cash when you have bad credit. But even with California’s relatively strong regulations, short-term loans can get expensive. And you’ll want to make sure your lender is licensed before you apply.

Our top pick: LendYou Short-term Loans

  • Min. Loan Amount: $100
  • Max. Loan Amount: $15,000
  • Turnaround Time: 1 business day
  • Loan Term: Varies
  • Requirements: $1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
  • Simple application
  • Quick decision
  • Bad credit OK

Our top pick: LendYou Short-term Loans

Get offers from potential lenders in minutes by filling out just one online form.

  • Min. Loan Amount: $100
  • Max. Loan Amount: $15,000
  • Turnaround Time: 1 business day
  • Loan Term: Varies
  • Requirements: $1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
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Can I get a payday loan in Bakersfield, California?

You can. The city of Bakersfield doesn’t have any payday loan regulations, so all lenders must follow California’s payday loan laws:

  • License required: Yes
  • Maximum loan amount: $300
  • Maximum term: 31 days
  • Maximum APR: 460%

California doesn’t allow you to renew or take out a new payday loan until the first one is paid off — even if the total balance is less than $300.

Other short-term loan options in Bakersfield

Need more than $300? An installment or auto title loan would come with higher loan amounts than a payday loan. With an installment loan, you can pay back your loan over several months, rather than in one lump sum on your next pay day. A title loan is a loan backed by the value of your vehicle and can be paid off either in a lump sum or over several months.

California caps interest rates on all loans between $300 and $2,500 at around 30% APR. However, there’s no limit to how much lenders can charge for installment loans over $2,500, so higher loan amounts are more common. Starting in January 2019, title loans in California over $2,500 are capped at a 3% monthly interest rate — roughly 36% APR.

    Compare short-term loan options

    Updated June 15th, 2019
    Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
    $5,000
    1 business day
    Direct deposit, meet minimum income requirements
    Comes with the option to change your due date so you won’t fall behind on repayments.
    $2,600
    1 to 2 business days
    Active checking account, regular source of income, email address
    Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
    $50,000
    1 business day
    Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
    Get a flexible installment loan with fast funding through one easy online application form.
    $35,000
    As soon as the next business day
    Regular source of income, verifiable bank account, US citizen, ages 18+
    Get connected with multiple lenders you might qualify with — even if you have bad credit.
    $15,000
    1 business day
    $1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
    Get offers from potential lenders in minutes by filling out just one online form.
    $10,000
    As early as 1 business day
    $1,000+ monthly income after taxes, valid checking account
    Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
    Varies by state
    1 business day
    Regular source of income, bank account, US citizen or permanent resident, ages 18+
    Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

    Compare up to 4 providers

    What do I need to apply?

    While it varies by lender, you typically need to meet the following criteria to be eligible for a short-term loan in Bakersfield:

    • Have a regular income. You don’t necessarily need to have a job, but you generally need to have money coming in regularly.
    • Be a California resident. You typically must live in California to apply for a Bakersfield payday loan.
    • Not be an active-duty or reserve service member. California prohibits payday lenders from working with certain members of the military.
    • Have a valid Social Security number. Some lenders also accept a taxpayer ID number instead — and some don’t require either if you apply in person at a payday loan store.
    • Have a checking account. Most lenders require you to have an active checking account to qualify.
    • Be older than 18. The minimum age to get a loan in California is 18 years old.

    When you apply, you might be asked to provide some or all of the following documents:

    • Proof of income. Lenders typically ask to see recent pay stubs, bank statements or other proof of your current income.
    • Government-issued ID. Typically, lenders ask to see a driver’s license or passport when you apply for a short-term loan.
    • Proof of a bank account. Lenders might ask for a blank check, debit card or your bank account and routing number.

    Where to find short-term loan locations in Bakersfield

    Short-term loan locations near me in Bakersfield, CA

    • ACE Cash Express. 6465 Niles St, Bakersfield, CA 93306
    • Check Into Cash 6300 White Ln, Bakersfield, CA 93309
    • Allied Cash Advance. 4521 Ming Ave, Bakersfield, CA 93309
    • Check Into Cash 2621 Oswell St #109, Bakersfield, CA 93306
    • Cash 1. 3631 California Ave, Bakersfield, CA 93309
    • Quik Cash.3300 White Ln, Bakersfield, CA 93309

    Be cautious of installment loans with high APRs

    Installment loans are one of the most expensive short-term financing options in California since there are no limits to how much lenders can charge in interest on loans over $2,500. Loans with triple-digit APRs have become increasingly common over the past decade and can result in unaffordable monthly repayments.

    If you need to borrow more than $2,500 and can’t qualify for a traditional personal loan, consider reaching out to your local community development financial institution (CDFI) or credit union. These often offer more affordable financing options for borrowers with less-than-perfect credit.

    Bottom line

    You can get a payday, installment or title loan if you need money fast in Bakersfield — and California law can protect you to an extent. However, these short-term loans still aren’t cheap — especially if you take out an installment loan over $2,500.

    To learn more about how short-term loans work, read our comprehensive guide to payday loans.

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    US Payday Loans Offers

    Important Information*
    Logo for CashNetUSA Loan
    CashNetUSA Loan

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

    Logo for Check into Cash Payday Loan
    Check into Cash Payday Loan

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

    Logo for OppLoans Installment Loans
    OppLoans Installment Loans

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

    Logo for LendYou Short-term Loans
    LendYou Short-term Loans

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

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