A financial solution that can give you the funds you need today.
If you’re a single parent and in need of a loan, you might feel like you have limited options. This may be because you work part-time and so don’t meet the minimum income requirements set by lenders, or you may be receiving some kind of government benefits that make you ineligible for personal loans. Either way, if you find yourself unable to access traditional personal loans or credit cards, you might want to consider a short term loan, also referred to as a payday loan.
Check into Cash Loans
Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.
- Min. Loan Amount: $50
- Loan Term: Varies by state
- Turnaround Time: 1–2 business days
- Total Costs: Varies depending on the amount and your state of residency.
- Must be 18+
- No security needed
- Confidential and secure!
Are payday loans available in my state?
Compare payday loans in your state
How do short term loans work?
Short term loans are small, short term finance solutions that are designed to be repaid in line with your pay frequency and income. You’re usually able to borrow between $100 and $5,000 for a period of 14 days to six months, or up to $5,000 for one year. The turnaround time is quite quick and can be an option for people on lower incomes, receiving benefits or who just need the money quickly.
Be mindful that these loans often come with higher fees and small loan terms, so make sure you can meet your repayment obligations before committing to anything.
I receive government benefits, can I still get a loan?
Yes, there is a range of lenders that will consider borrowers who receive government benefits as income.
How you could get a loan on welfare benefits
My credit history is not good. Will I be eligible for a short term loan?
The majority of short term lenders will consider you for a loan even if you have bad credit. Lenders may have other eligibility criteria you need to meet, such as receiving a regular income or having more than 50% of your income come from government assistance. As long as you meet the minimum criteria set by the lender (which you can find on finder.com review pages) you can apply.
How to find the right loan for you
If you’re in need of quick funds you may be tempted to apply for the first loan you see, but there are a few things to keep in mind:
- How much you can borrow. Lenders usually offer between $100 and $2,000, but if you’re a first-time borrower you may only be eligible for less. There are higher loan amounts available – up to $5,000 and $10,000.
- When you need to repay the loan. You will usually be offered loan terms to suit your pay frequency. For example, if you get paid biweekly your repayments will be set to be taken from your account every two weeks. Loan terms can extend up to one year.
- What the fees are. Fees will vary by state and lender.
- When you will receive the funds. You can usually receive your funds on the same day you are approved, although some lenders may transfer it to you the next business day.
Things to consider before applying for a short term loan
While short term loans can seem like a good solution to take advantage of, there are a few drawbacks to be aware of. One is the extremely high interest rates and fees that are charged by short term lenders.
How you can apply
Applying for a short term loan is simple. You can start by comparing your options using the comparison table on this page. Once you’ve found a loan, click the “Go to site” button to be redirected through to the lender’s online application form.
You’ll need to provide a form of ID and details of your employment and financial situation.
The application won’t take long to complete and you should receive an instant response as to whether you have been approved. Once you’ve signed the loan contract, you will receive your loan amount within the time specified by the lender.
A selection of loans you can apply for
Here are some loan providers that you can apply to. Note that the max loan amount is based on the lender’s max amount and your state of residence. Check the websites of any providers you’re interested in to confirm they operate in your state of residence.
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, but it 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.