woman applying payday loan

Same day short term loans

Money that can be in your account today? Find out about same day short term loans.

It is not uncommon for people to need money in a hurry, but not everyone knows that getting money in a rush can be simple and easy.

There are a number of direct short term lenders across the the country, and many of these provide same day short term loans or instant short term loans. Also referred to as payday loans, this type of financing gives you quick access to your approved loan and you can then use the money for whatever you need it for.

You can apply for one of these loans even if you have poor credit history. As the name implies, you have to repay such a loan on your next short term.

LendUp Payday Loans

LendUp Payday Loans

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

  • Min. loan amount: $100
  • Loan term: 7–30 days
  • Total costs: Depends on your state, loan product, loan amount and the term of the loan.
  • Must be 18+ (19+ in Alabama)
  • No security deposit needed
  • Confidential and secure
  • Visit the site to see if available in your state

    A selection of loans you can apply for

    Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

    Rates last updated June 25th, 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. Visit the site to see if available in your state.
    $250 7–30 days Generally receive the money the next 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 June 25th, 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
    Lend Wallet Online Loan Marketplace
    Get the cash you need as soon as the day after you’re approved, even with bad credit.
    $1,200 Varies by lender As soon as the next business day 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 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

    What is a same day short term loan?

    The basic concept of a same day short term loan is pretty much the same as any other loan type: You borrow the money and repay it along with all the fees and charges it attracts within a given time period.

    With an instant short term loan, you can apply in-store or online, depending on the lender. If you’re looking for a one-hour short term loan, your best bet is to apply in-store, given that in-store loans normally come with quicker processing times.
    In-store short term loans vs. online short term loans: What’s the difference?

    You will have to qualify for the loan in order to apply, and you should remember that state laws can have a bearing on how much you can borrow or if you’re able to borrow at all.

    How to ensure a quick short term loan can benefit you

    An easy way to establish which quick short term loan will work best for you is to compare some features these loans come with, and here’s what you should know:

    • Know what fees you’ll be paying.
      Most fast short term loans charge loan fees that are based on every $100 you borrow, and while you don’t pay interest separately, the loan fee accounts for this. This fee can vary from state to state and from lender to lender.
    • Make sure you can repay the full amount within the term of the loan.
      If you can’t make the payment in full on the due date it can lead to having to refinance or rollover the remaining amount. Doing so can incur extra fees and charges, and damage your creditworthiness.
    • Work out your loan amount.
      The state you live in has a bearing on the maximum amount you can borrow, as does your ability to repay. While lenders have to abide by state regulations, they might judge your ability to repay differently.
    • Ensure the application process is legal.
      For a one-hour payday loan there’s a good chance you’ll have to apply in-store, where you get your money almost immediately upon approval. Some lenders who accept online applications give you the option of receiving funds instantly through a prepaid debit card, but this is not as common. In most instances when you apply online, you get access to funds the following business day.
    • Ensure you have the required repayment methods.
      You would, in all likelihood, have to provide a post-dated check or your bank account details if you apply in-store. If you apply online, you’ll have to provide your bank account details. If you’ve given a post-dated check, the lender will cash it on the due date. Otherwise, they will debit the money from your bank account on the due date. Certain lenders give you the ability to pay the loan ahead of time via credit cards, Western Union, or MoneyGram.

    Cut-off times to get a same day short term loan

    ProviderCan you receive same day funding?When do you have to apply by?
    100 Day Loanstraffic-light-yellow-iconVaries between lenders.
    Achieve Lendingtraffic-light-yellow-iconVaries between lenders.
    Advance Americatraffic-light-green-iconIn-store loans are funded within 10-15 minutes. Online loan applications received prior to 8 p.m. ET are funded the following banking day.
    CashAdvance.comtraffic-light-red-iconFunding in 1-2 business days.
    CashNetUSAtraffic-light-red-iconLoans approved before 9 p.m. CT Mon-Thurs are funded the next banking day, loans approved outside these hours are funded on Monday unless it’s a bank holiday.
    Cash Centraltraffic-light-red-iconLoans approved before 7:45 p.m. ET Mon-Thurs or anytime on Friday and Saturday are deposited the next banking day. Loans approved after 7:45 p.m. on Sunday will be deposited on Tuesday.
    Check Citytraffic-light-green-iconIn-store applications can be funded within 15 minutes. Online will fund the business day if submitted before 7 p.m. MT on weekdays or 8 p.m. MT on Saturdays. Sundays and holidays will take an additional business day for approval and fund the business day after that.
    Check into Cashtraffic-light-yellow-iconIn-store funding available on weekends (some stores closed on Sundays) and online applicants can pick up their approved loans in-store.
    LendUptraffic-light-green-iconIf your loan is approved by 5 p.m. PT Monday-Friday (excluding holidays), you will generally receive your funds the next business day. Exact funding time depends on your bank.
    LoanMarttraffic-light-green-iconSame-day funding.
    Net Credittraffic-light-red-iconNext banking day funding.
    NetLoanUSAtraffic-light-yellow-iconVaries between lenders.
    Personal Money Storetraffic-light-yellow-iconVaries between lenders.
    Speedy Cashtraffic-light-green-iconIf you visit a store you can pick up cash or have it loaded onto a prepaid debit card.
    TrustedLoanNetworktraffic-light-yellow-iconVaries between lenders.
    USA Payday Cashtraffic-light-red-iconNext banking day funding.

    The good and not-so-good

    What is the good?

    • You’ll get quick access to funds.
      This is without a doubt is one of the biggest advantages of same day short term loans – hardly any other types of financing can give you access to funds on the day you apply.
    • Your bad credit history is okay.
      While mainstream lenders shy away from providing loans to people with poor credit histories, the short term loan market is where you can look forward to getting a loan no matter what your credit score looks like.
    • Be able to use the funds for any purpose.
      Providers of fast short term loans tend not to ask why you need the money, and once you get access to approved funds you can use the same for just about any legitimate purpose.

    And what is the bad?

    • They can come with high fees.
      If you look at the interest rate these loans attract, you’ll notice that it is considerably higher when compared to a conventional loan. This is the norm with short term loans. As a result, prepare to pay a fairly high fee.
    • You could be stung with high default fees
      If for any reason you cant pay back the loan, you may get charged with default fees. These can vary depending on what state you reside in.
    If you’re worried about your credit score and want to take steps to repair it, you could call The Credit Pros: Legal Credit Repair on 877-208-6484.

    Things to avoid with same day payday loans

    Make sure you go through the loan offer documents carefully before signing them. This gives you a clear picture of the loan’s terms and conditions as well as the fees you’ll have to pay. Not doing this is something you should definitely avoid.

    Try to also avoid making payments late because this will result in having to pay late payment charges. Avoiding refinancing your loan is also a good idea owing to the additional costs involved. Importantly, avoid taking a loan that you feel you might have difficulty repaying.
    Lenders with 24/7 application processing

    Questions you’ll need answered before applying

    You will have to meet state-specific minimum age requirements, you should also have a steady source of income and be a permanent resident of the US. If you’re applying online you should have a functional checking or savings account.

    Many quick short term loan providers provide loans of up to $1,000. The maximum you can borrow, though, depends on the state you reside in as well as your ability to make repayments.

    The lender could charge you a late payment charge or an NSF fee. Some lenders allow you to refinance your loan, but this would involve additional costs.

    Some short term lenders can fund your loan on to a store debit card. If you have had a loan previously with the same lender, you could choose to have you funds added instantly to your prepaid debit card.

    This can depend on many factors, including but not limited to – your bank, your account, your branch, how much you’ve applied for. In a perfect scenario you’ll be approved in 60 seconds and have the cash in 1 hour.

    Are payday loans available in my state?


    While getting an instant short term loan is not particularly difficult if your meet certain basic eligibility criteria, given the number of options on offer, it is best that you compare a few before making a decision.

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    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. Visit the site to see if available in your state.

    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.

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