LendUp Payday Loans

Get an initial loan of up to $250, and then you could look forward to lower rates, in eligible states, over time

LendUp offers up to $250 for first time borrowers. You can also take advantage of LendUp’s free financial education.

Product NameLendUp Payday Loans
Min Loan Amount$100
Max. Loan Amount$250
Loan Term7–30 days
Loan SecurityUnsecured
Turnaround TimeGenerally receive the money the next business day
CostsDepends on your state, loan product, loan amount and the term of the loan.
RequirementsBe 18+ years of age (19 years of age in Alabama)
  • Proof of income.
  • A social security number.
  • A checking account that can accept electronic transfers.

LendUp offers a unique borrowing platform where you can rebuild your credit history as you move up the LendUp Ladder in eligible states. There are also free financial education courses you can take advantage of.

Over time, you can earn points to climb the LendUp Ladder to apply for larger loans at lower rates. Credit reporting to the major bureaus is offered at the top two levels (optionally at Platinum and automatically at Prime), which could eventually increase your credit history.

Earning points is as simple as making on-time loan payments, taking the free financial education courses and referring friends to the service.

Borrowing from LendUp

LendUp loans follow a unique ladder system where borrowers may choose to improve their credit by successfully borrowing and paying back short-term loans.

You can borrow anywhere from $100 to $250 with a loan term ranging from 7 to 30 days.

Once you repay your first loan, you can earn points that help place you higher up the LendUp Ladder. If you’re eligible to move up the ladder, you may be able to borrow more money for a longer term and at a lower rate.

How do LendUp Payday Loans compare?

Rates last updated August 17th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs
LendUp Payday Loans
7–30 days
Generally receive the money the next business day
Depends on your state, loan product, loan amount and the term of the loan.

Compare up to 4 providers

Rates last updated August 17th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs
LendUp Payday Loans
7–30 days
Generally receive the money the next business day
Depends on your state, loan product, loan amount and the term of the loan.
Check into Cash Payday Loan
Varies by state
1–2 business days
Varies depending on the amount and your state of residency.
CashNetUSA Loan
Varies by state
Varies by state
1 business day
Varies by state of residency.
ACE Cash Express Payday Loans
Varies by state
Varies by state
Generally receive the money the next business day
Varies depending upon the state where you reside.
Check City Payday Loan
Depends on state of residency
Varies by state
Next day
Depends on state of residency.

Compare up to 4 providers

Why a LendUp loan might work for you

LendUp loans have received positive mention from CNN, TIME, Wired and Financial Times. While these loans are essentially short-term payday loans, they come with a number of unique features.

  • Good credit not required. LendUp approves people with poor credit. Their mission is to provide money to qualified applicants when they need it.
  • Instant decision on loan. The application takes no more than a few minutes to complete, and you can find out if you’re approved instantly.
  • Credit education. LendUp offers free credit education courses through its website where everyone (whether they’re customers or not) can learn about topics including credit-related rights, how to establish credit, how to go through their credit reports and how to find out about the true cost of borrowing.
  • Online personal dashboard. You can check your loan’s status at any time by signing into LendUp’s online platform.

Find out your credit score here

The costs of borrowing from LendUp

All loans that LendUp provides have fees that you have to pay in addition to the principal amount you borrow. You can find out how much you’ll end up paying by going through the list of fees and charges detailed on the website.

Depending on where you live, you might have to pay a Credit Access Business (CAB) fee.

There will be an NSF fee if you make a late or missing payment. Always be sure you’ll be able to repay a loan before you take it out.

Is LendUp safe to use?

How to apply for a loan from LendUp

You can apply for a LendUp loan online. The process only takes about 10 minutes if you meet the eligibility criteria and have the required documents close at hand.

Eligibility criteria:

  • At least 18 years old (varies by state)
  • A valid checking account
  • Permanent resident or citizen of the US

Required documentation:

  • Personal details, including your name, date of birth and social security number
  • Contact details, including your home address, email address, and phone number
  • Financial details, including your account numbers

Frequently asked questions

To apply for a LendUp Loan, you’ll need to have a checking account that accepts ACH transfers. Unfortunately, prepaid debit cards and savings accounts cannot be used.

After you complete your application, you simply have to log in and visit LendUp’s customized dashboard.

It depends on the delivery option you choose. Among LendUp’s choices, you’ll find:

  • Standard delivery. LendUp processes and funds approved loans through the Automated Clearing House (ACH) weekdays by 5 p.m. PT.  While many banks post funds the next day, it could take a day or two for you to see your money.
  • 15-Minute Transfer. Available in select states, this optional service allows you to choose a third-party service that can transfer funds to your bank within 15 minutes of your application’s approval. LendUp does not guarantee 15-minute delivery, however: Actual deposit times vary by bank. You’ll also pay a fee for this service that depends on your specific loan.
  • Same-day transfers for Wells Fargo customers only. If you have a Wells Fargo checking account, you can pay a fee for a same-day deposit as long as you complete an application by 11 a.m. PT on business days only. Your funds should appear in your bank account by 2 p.m. PT the same day.

Once you pay your first LendUp loan completely, there is usually a waiting period of three to four days before you can apply for another loan. There may be other restrictions as well, depending on your state.

An automatic payment program draws funds from the same account where you receive your money in the first place. They also accept payment by MoneyGram and personal check.

Are payday loans available in my state?

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6 Responses

  1. Default Gravatar
    ErlaJuly 29, 2017

    What do you mean you don’t accept bank statements? The fifth item on the list of acceptable proofs is the last two months of bank statements. I sent you more than two months and now you are saying that isn’t approved. I have had eight loans with you people and have always paid them on time and have caused you no problems. What makes this one any different? I don’t know where you came up with the 7,670 figure as it doesn’t match any of the incomes I receive, Social Security is 10,548, Southern Lakes Publications is 5,163 and the SER program is 7,296.

    • Staff
      HaroldJuly 30, 2017Staff

      Hi Erla,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general information. In general, to apply for Payday Loan you must have the following:
      - You have a valid checking account
      - You are a permanent resident or a citizen of the US

      Should there be any clarification or you need to follow-up your ongoing application. It would be nice to contact the lender directly.

      I hope this information has helped.


  2. Default Gravatar
    MommyoftwoJuly 13, 2017

    How long do you have to pay back the $500 loan? I recently reached gold status so this would be my first $500 loan is it the same 30 days or do you have longer since it’s more money?

    • Staff
      AnndyJuly 13, 2017Staff

      Hi Mommy,

      Thanks for your question.

      Kindly note that with LendUp, members with Gold status may borrow up to a maximum amount of single payment and/or installment loans. For some states like Ohio, if you are on a Gold status, you can only borrow up to $500 single-payment loan. This means that the loan is payable on the next payday.

      Kindly check the lender’s website to see what type of loan is available to you based on your state of residence. If it is an installment loan, you can repay it over a period of time.


  3. Default Gravatar
    LonnieApril 18, 2017

    How can I get started with the app it wont let me go there do you have a phone number I can call?

    • Staff
      HaroldJuly 9, 2017Staff

      Hi Lonnie,

      Thank you for your inquiry.

      By clicking the “Go to site” it will take you to your Online Application on the product issuer’s website. You do not need to be an existing customer of this provider to apply.You can also check their contact number directly to their website.

      I hope this information has helped.