Quick payday loans

Quick short term loans

Information verified correct on May 22nd, 2017

You don’t need to wait long to get the money you need – find out how you can get a quick short term loan.

If you’re in need of money immediately, whether it’s for emergency repairs, forgotten bills or any emergency, short term loans are an option for you to consider. Short term lenders can give you access to approved funds on the same business day, some within 15 minutes.

You can apply for a quick short term loan, also known as a payday loan, if you have bad credit, receive government benefits or are on a lower income, and you can use your loan for whatever purpose you need.

LendUp Payday Loans

LendUp Payday Loans

Apply for a payday loan conveniently online and borrow between $100 and $250.

  • Minimum loan amount: $100
  • Maximum loan amount: $250
  • Turnaround time: 1 business day
  • Loan term: 7–30 days
  • Good credit not required
  • Confidential and secure

    How do quick short term loans work?

    A short term loan will give you access to the funds you need, and some lenders will be able to provide this service more quickly than others. They may be able to do this by processing online loans quickly, offering same-day turnaround for loans or giving you options for how you can receive your funds. For example, some lenders have debit cards that they can pre-load with your funds once you’re approved.

    The maximum amount you can apply for depends on your state’s payday loan regulations. There are also restrictions on the annual percentage rate (APR), whether you can take out multiple payday loans or whether you can rollover a loan.

    Most lenders can tell you if you’ve approved for a short term loan within minutes. Following the application you may have a choice of how to receive your funds.

    If you apply online you will usually have the funds deposited into your checking account, although you may be able to pick up the cash in-store through a prepaid debit card or as a check.

    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. The amount will vary based on your state of residence.

    Rates last updated May 22nd, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    Maximum Loan Amount Term of Loan Turnaround Time
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required.
    $250 7–30 days 1 business day Go to site More
    OppLoans Installment Loans
    Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
    $5,000 9 to 24 months 1 business day Go to site More
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    $1,000 Varies by state 1–2 business days Go to site More
    Check City Payday Loan
    Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.
    Depends on state of residency Varies by state Next day Go to site More
    CashNetUSA Loan
    Apply for short term loans, installment loans or lines of credit in 30 states typically with a day’s turnaround.
    $2,250 Varies by state 1 business day Go to site More
    ACE Cash Express Payday Loans
    Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
    Varies by state Varies by state Generally receive the money the next business day Go to site More

    Have we missed anything in the comparison table? Tell us

    • If the provider quotes a different rate to the one above please let us know

    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.

    Rates last updated May 22nd, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    Maximum Loan Amount Term of Loan Turnaround Time
    Bad Credit Loans Personal Loans
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000 3 to 60 months Varies based on lender Go to site More
    CashAdvance.com Payday Loans
    Whether for emergencies or unexpected expenses, this broker may be able to match you among its nationwide network of lenders.
    $1,000 Up to 12 months 1–2 days Go to site More
    TriangleCash Payday Loans
    If you have bad credit or no credit history, apply to be matched with a network of lenders for funding at rates that vary by state.
    $1,000 Varies based on lender Instant approval Go to site More
    TrustedPayDay.com Payday Loan
    Apply for a short term loan of up to $1,000 — even with poor credit — through this lending broker.
    $1,000 2-60 months As soon as tomorrow Go to site More

    Have we missed anything in the comparison table? Tell us

    • If the provider quotes a different rate to the one above please let us know

    “When will I receive my loan?”

    If you apply with any of the lenders listed above, check the table below for when you can expect to receive your funds.

    LenderTurnaround time
    100 Day LoansDepends on the lender, usually one business day but can be same-day funding.
    Achieve LendingDepends on the lender, usually one business day but can be same-day funding.
    Advance AmericaOnline applications received prior to 8 p.m. ET are usually funded the next banking day. In-store loans can be funded within 10-15 minutes.
    CashAdvance.comDepends on the lender, usually one to two business days.
    CashNetUSAIf you’re approved by 9 p.m. CT Mon-Thurs, you’ll generally receive your funds the next business day. If you’re approved between 9 p.m. CT Thursday and 7 p.m. CT Sunday, you’ll receive your funds on Monday unless it’s a bank holiday.
    Cash CentralLoans approved before 7:45 p.m. ET (6:45 p.m. CT, 5:45 p.m. CT, 5:45 p.m. MT, 4:45 p.m. PT) Mon-Thurs are usually deposited the next business day. Applications submitted Friday, Saturday and Sunday before 7:45 p.m. ET will be funded the following banking day and applications submitted Sunday after 7:45 p.m. will be funded on Tuesday.
    Check CityOnline applications take one business day and in-store applications take around 15 minutes. If you apply online and are approved before 7 p.m. MT on weekdays or 8 p.m. on Saturdays, the approval process is completed on the same day. If you apply after these hours or on Sundays or holidays, your loan application will be processed the next business day and funds deposited into your account one day after that.
    Check into CashLoan applications processed before 7 p.m. during business days are usually funded the next business day. If you apply online, you also have the option of picking up your approved funds in-store.
    LendUpApproved funds are deposited the next business day. If you have a debit card that is supported, you can pay a fee to receive a 15-minute transfer. If you’re a Wells Fargo customer you can select a same-day transfer.
    LoanMartOne business day.
    Net CreditYour loan will be funded the next business day. If your application is approved between 4 p.m. CT Thursday and 4 p.m. CT Friday, you’ll receive your funds the following Monday. If your application is approved after 4 p.m. CT Friday, you’ll receive your funds the following Tuesday.
    NetLoanUSALoan processing and transfer times vary between lenders.
    Personal Money StoreLoan processing and transfer times vary between lenders, but you can receive your approved funds the next business day.
    Speedy CashOnline loans take one business day to be processed. If you visit a store you can pick up cash or have it loaded onto a prepaid debit card.
    TrustedLoanNetworkLoan processing and transfer times vary between lenders.
    USPayDayCashFast.comYou can expect approved funds in your account by the next business day.

    What features do quick short term loans offer?

    If you’re looking for a quick short term loan, here’s what you can expect:

    • Multiple options for borrowing money. If payday loans are legal in your state, you’ll have numerous options from which to choose. Bear in mind that not all short term loan providers are equally quick in processing applications and disbursing funds. You have the choice of direct short term lenders and loan matching services.
    • Quick processing of your loan. Some short term lenders use the latest in technology to verify your credentials online and give you an answer within minutes. If you apply online, the lender will require your bank account details so it can transfer your funds as soon as the following business day.
    • Lower than normal fees. While state regulations tend to govern how much payday lenders can charge as fees, some lenders charge lower fees than others. You may also find lenders who charge lower fees and rates the more you borrow with them, so this may also be an option to consider.
    I want to apply for a quick loan – how can I be approved?

    There is no hard and fast rule that guarantees a successful application, but knowing what the application process entails can increase your chances of approval. Short term loan providers will verify your income to establish if you have the capacity to repay the loan, which they can do via pay slips and bank statements.

    You will also have to go through an identity verification process, which some lenders carry out online. You may have to fax some documents over, although no fax short term loans are available.

    The types of loans that are available

    You have a few different options when you need money quickly, including:

    • Short term loans. These are short-term loans that you have to repay by your next payday. The maximum you’re able to borrow depends on the state you’re applying from, as does the terms you are offered.
    • Installment loans. With a quick installment loan you don’t have to repay the entire loan amount in one go. You get to make equal payments over a set term, which can extend up to one year or more.
    • Auto title loans. If you have a car or a motorbike that you can use to provide security, you can consider getting an auto title loan. Your vehicle will works as collateral but you’ll have continued access to your vehicle during the loan term.

    How much can you borrow?

    Just how much you can borrow also depends on the lender you approach. This is because lenders are restricted by state laws as to how much they can charge, but some lenders may still have better rates than others.

    In states like Alabama, Alaska, Colorado and Delaware you can borrow up to $500. In California, the maximum you can borrow limits to $300. Residents of Idaho can borrow up to $1,000, and if you’re a resident of New Mexico you can borrow up to $2,500. Some states, like Illinois and Nevada, let you borrow up to a percentage of your gross monthly income.

    Things to consider before you apply

    If you think you may face problems in paying the loan back on time, you should seriously reconsider applying. If you repay your loan late you will have to pay additional fees and it will affect your ability to get credit in the future.

    It is important that you review any given loan’s terms and conditions before accepting a contract, as this gives you clear indication of how much you might have to pay in fees and charges. Here are some things to look for:

    • Fees and charges. Make sure you check your loan contract before accepting the quick cash as there may be extra fees and charges you have missed. Once you accept you’ll be liable to pay all associated costs.
    • Length of your loan. This will vary depending on what state you live in – ensure that the loan you apply for conforms with the laws of your local state.
    • How long until you get your cash. You’ll generally get your cash within in the hour if applying in person. Compare how long each lender can get you the money before applying

    Frequently asked questions

    You can usually complete an online short term loan application in around 10 to 15 minutes as long as you have all the required information on hand.

    You should meet the minimum age requirement, which is 18 years in most states. You should also be a permanent resident of the US and you should have a steady source of income.

    You can consider applying for an installment loan or an auto title loan. You can also consider getting a loan from a military aid society or an affinity group, and you can even ask your employer for a cash advance.

    Are payday loans available in my state?

    Was this content helpful to you? No  Yes

    Ask a Question

    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

    Disclaimer: At finder.com we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
    Rates and fees mentioned in comments are correct at the time of publication.
    By submitting this question you agree to the finder.com privacy policy.

    US Payday Loans Offers

    Learn about our information service
    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required.

    OppLoans Installment Loans

    Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on 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.

    Check City Payday Loan

    Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.

    feedback