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Compare your loan options in Nebraska

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

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By

Elizabeth Barry

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When you have unplanned expenses and are on a tight budget, a payday loan could be helpful. Payday loans, a type of short-term loan, give you quick access to money when you need it. Read on to find out about the laws in Nebraska and everything else you should know about how payday advances work.

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Name Product Filter Values Loan amount Turnaround time Requirements
Brigit
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Brigit
Up to $250
1 to 3 days or same-day in some circumstances
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
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OppLoans Installment Loans
Finder Rating: 4.4 / 5: ★★★★★
OppLoans Installment Loans
$500 to $4,000
1 business day
+18 years old, Direct deposit, Meet minimum income requirements, Live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
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LendYou Short-term Loans
Finder Rating: 2.5 / 5: ★★★★★
LendYou Short-term Loans
$100 to $2,500
Same business day to 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.
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Fast5kLoans Short-term Loans Connection Service
Finder Rating: 3.5 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $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.
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Monevo Installment Loans
$500 to $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.
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Brigit
Not rated yet
Brigit
Up to $250
1 to 3 days or same-day in some circumstances
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Go to site
More Info
OppLoans Installment Loans
Finder Rating: 4.4 / 5: ★★★★★
OppLoans Installment Loans
$500 to $4,000
1 business day
+18 years old, Direct deposit, Meet minimum income requirements, Live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Go to site
More Info
LendYou Short-term Loans
Finder Rating: 2.5 / 5: ★★★★★
LendYou Short-term Loans
$100 to $2,500
Same business day to 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.
Go to site
More Info
Fast5kLoans Short-term Loans Connection Service
Finder Rating: 3.5 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $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.
Go to site
More Info
Monevo Installment Loans
$500 to $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.
Go to site
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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.

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.

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.

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