Payday loans in New York, New York |
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Compare your loan options in New York, New York

If you need a small amount of money, a payday loan won’t be your best option in New York

Although many lenders market payday loans as a great way to get the funding you need quickly, New York has banned the practice throughout the entire state, including New York City. There are other options, though, so read our guide to figure out what you’ll need to do if you need extra cash.

So there are no payday lenders in New York?

The state of New York prohibits payday lending in all forms, including over the phone and online, so you won’t be able to get a payday loan if you live in New York City. New York Penal Code 190.40 sets the usury rate at 25%. This means that all loans must have an APR at or below this rate if they are to remain legal.

You can read about New York’s payday lending laws here

Why are short-term loans illegal in New York?

Short-term loans include a broad category of credit options, including payday loans, auto title loans and high-interest installment loans. While New York hasn’t specifically banned the practice, the cap on interest keeps these lenders out of the state. Many consumer advocate groups and lawmakers view payday lending rates as predatory and designed to keep people trapped in debt. Because of this, check cashers can’t give loans and all small loan lenders can’t finance a loan with more than a 25% annual percentage rate (APR).

Apply through a broker to get a short-term loan in New York City

When you’re trying to find a small-dollar loan, going through a loan connection service could be your answer. Keep in mind that the lender you’ll ultimately connected with must also obey the 25% interest rate cap set by New York Law if you decide to apply.

Rates last updated February 25th, 2018
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 Requirements
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
Varies by lender
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
3 to 36 months
Varies based on lender
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
TriangleCash Payday Loans
If you have bad credit or no credit history, apply to be connected to a network of lenders for funding at rates that vary by state.
Varies based on lender
As soon as next business day
You must be a US citizen, at least 18 years old, and have a valid bank account.
SWIFT Payday Loan
Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
Varies by lender
Next business day
Must be at least 18 years old and employed or have regular income.
LendYou Payday Loans
Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income. Payday Loans
Potentially get connected with a legit lender offering convenient payday loans and quickly get funds.
Varies by lender
As soon as one business day
You must be 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income. Installment Loans
This free and simple service could connect you with online lenders offering installment loans.
Varies by lender
As soon as one business day
Must be at least 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income. Short Term Loans
Potentially get a loan through a network of 100+ lenders. One simple online application.
Varies by lender
Varies by lender
Be employed, have a bank account in your name and income of at least $1,000 per month. Payday Loans
Whether for emergencies or unexpected expenses, this broker may be able to connect you among its nationwide network of lenders.
Up to 12 months
1–2 days
You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.

Compare up to 4 providers

What other borrowing options do I have in New York City?

  • Talk to your creditors. Your creditors may be more understanding than you think. Contact them to see if you can get an extension on your payment or lower your monthly bill. These are quick ways to deal with your debt while making sure you can meet other financial needs.
  • Look into local assistance programs. If you’re constantly struggling to make ends meet, New York has programs like the Food Bank for New York City and the Earned Income Tax Credit (EITC) that can help you work through your bills.
  • Request a loan at a local bank or credit union. Although your credit will play a large role in the decision, a local bank or credit union may look at your other circumstances when decision to give you a loan. If you’ve been a member for a long time, consider petitioning for a loan.

You can find more options on our alternatives page

Cash Advance locations in New York, NY

Cash advance locations in New York City

If you’re looking for cash advance locations in New York City, here are some options:

  • Advance America. 85 Broad St, New York, NY 10004
  • Check N’ Go. 4024 Boston Rd, Bronx, NY 10475
  • Entrust Cash Advance. 263 W 38th St, New York, NY 10018
  • Merchant Cash Advance. 2 W 46th St #205, New York, NY 10036
  • Provident Loan Society of NY. 346 Park Ave S, New York, NY 10010
  • Fast Cash Pawn Shop. 3401 Broadway, New York, NY 10031
  • Cash Advance Manhattan NY | Premium Merchant Funding. 40 Wall St Suite 501, New York, NY 10005
  • New York Payday Loan Solutions. 180 Church St, New York, NY 10013
  • Imperial Advance. 247 W 36th St, New York, NY 10018
  • Credit Cash. 335 Park Ave, New York, NY 10022
  • Modell Collateral Loans. 169 E 116th St, New York, NY 10029

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US Payday Loans Offers

Important Information*
Slam Dunk Loans

Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

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

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

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