Payday loans in Nebraska | finder.com
Lincoln nebraska

Compare your loan options in Nebraska

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Know the costs of taking out a payday loan and what alternative options are available.

If you’re facing a tough financial situation, you might be considering taking out a payday loan. Find out what you need to know before you apply — including local laws and fees to expect.

Our top pick: CashUSA Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $10,000
  • Turnaround Time: As early as 1 business day
  • Loan Term: 90 days to 72 months
  • Requirements: Must have a monthly income of $1,000+ after taxes and valid checking account.
  • Bad credit is OK
  • No application fee
  • Debt education resources

Our top pick: CashUSA Installment Loans

An online connection service for quick cash loans.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $10,000
  • Turnaround Time: As early as 1 business day
  • Loan Term: 90 days to 72 months
  • Requirements: Must have a monthly income of $1,000+ after taxes and valid checking account.
Promoted

Are payday loans legal in Nebraska?

Yes. Payday loans are legal in Nebraska and governed by Nebraska Statutes Annotated §§ 45-901, defined as the Delayed Deposit Services Licensing Act. These laws state you may have no more than two loans taken out at a time and limit the amount of fees a lender can charge.

The maximum you can borrow is $500.

More regulations being considered

Early in 2017, some senators of Nebraska were considering limiting the total APR to 36% like many other states, but it failed to be written into law. However, as more states adopt payday lending regulations, it’s quite likely some lawmakers in Nebraska will attempt to enact similar laws in the coming years. These consumer protections are meant to help the borrower avoid a nasty cycle of debt. Keep an eye out to see what happens.

Compare short-term loans available in Nebraska

Updated April 25th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$35,000
As soon as the next business day
Have a regular source of income. Have a verifiable bank account. Be a US citizen. Be at least 18 years old.
See if you qualify for a loan from a range of lenders with high amounts and flexible terms.
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
Installment loans with competitive rates from a top-rated direct lender.
$2,600
1 to 2 business days
Must have an active checking account, regular source of income and email address.
Installment loans with repayment terms up to 30 months, depending on your state.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
An online connection service for quick cash loans.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Apply for a short-term loan with an easy online application and dedicated customer service.
$250
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
Varies by state
1 business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.

Compare up to 4 providers

What fees and charges do Nebraskan payday loans come with?

When you borrow a payday loan, you’ll be expected to pay a financing fee. If you miss a payment or default, lenders can charge you extra. The list below is a simple breakdown of all the potential costs of a loan.

  • Financing fees: $15 per $100 borrowed
  • Financing charge: A 14-day $100 loan costs $117.65
  • APR: A 14-day $100 loan has an APR of 459%
  • Collection fees: A lender may charge a $15 non-sufficient funds (NSF) fee

How can I apply for a payday loan in Nebraska?

When you apply, whether it’s online or in-store, you’ll need to give your lender some basic information about yourself. This generally includes your name, address, a way of contacting you, details about your income and your Social Security number. In addition, if you apply online, a lender will likely want access to your checking account in order to deposit your loan funds and then debit your payment when it’s due.

Before you apply, you should be at least 18 years old, an American citizen or permanent resident and have a regular source of income.

What should I consider before taking out a loan?

Before you take out a payday loan, you should be sure to check out all your other options. There are assistance programs available in Nebraska if you’re in need of a little extra help paying for everyday costs. These include the Emergency Cash Assistance Program, Supplemental Nutrition Assistance Program (SNAP) and the Nebraska Low Income Energy Assistance Program.

You might also want to consider other options like getting a loan from a credit union or finding an online installment loan. These give you more time to pay back your debt and generally have slightly better interest rates.

More payday loan alternatives in Nebraska

Bottom line

If you’re a looking into a payday loan, be sure you have enough to pay back the principal and interest. These can be a suitable way to recover from an expensive financial situation, but don’t forget to consider your other options before you apply.

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site