Compare short-term loans in Reno, Nevada

There are plenty of last-minute financing options in Reno if you need a small-dollar loan. But it can get expensive. Nevada allows lenders to charge as much as they want in interest — and you can renew your payday loan for up to 60 days after the original term.

Our top pick: OppLoans Installment Loans

• Min. Loan Amount: $500
• Max. Loan Amount: $5,000
• Turnaround Time: 1 business day
• Loan Term: 9 to 24 months
• Requirements: Direct deposit, meet minimum income requirements, live in eligible state

• Easy online application
• Quick approval
• Fast funding
• Long repayment terms

Our top pick: OppLoans Installment Loans

Comes with the option to change your due date so you won’t fall behind on repayments.

• Min. Loan Amount: $500
• Max. Loan Amount: $5,000
• Turnaround Time: 1 business day
• Loan Term: 9 to 24 months
• Requirements: Direct deposit, meet minimum income requirements, live in eligible state

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Can I get a payday loan in Reno, Nevada?

Yes, you can get a payday loan in Reno. Lenders follow the same payday loan laws as other Nevada cities:

• How much you can borrow: Up to 25% of your monthly income before taxes
• How long you have to pay it back: 35 days with the option to renew for up to 60 more days
• Maximum APR: None

Check to make sure your lender has a state license before applying — it’s required by Nevada law. Payday lenders are also required to make sure you can afford to repay the loan, so expect your lender to ask for proof of income or bank statements when you apply. Check out our guide to learn more about Nevada payday loan laws.

Other short-term loans in Reno

Payday loans aren’t the only type of fast financing available to Reno residents with bad credit. You can also get what Nevada calls a high-interest loan — also known as an installment loan — or a title loan backed by your car.

• High-interest loans: Borrow up to 25% of your monthly income before taxes with up to 90 days to pay it back in monthly installments. APRs start at 40%.
• Title loans: Borrow up to the fair market value of your car and pay it back in full within 30 days or in installments over a 210-day period.

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What do I need to apply?

What you need to apply varies by lender, though you typically must:

• Have a regular source of income. While you might not need to have a job, Reno lenders are required to make sure you have enough money coming in to pay off your loan.
• Have a checking account. Some lenders require your account to be active for a certain number of days.
• Have a Social Security number. You typically need to submit your Social Security number when applying for any loan, though some lenders might also accept a tax identification number.
• Be a US citizen or permanent resident. If you’re on a visa, you might want to look into loans for nonresidents instead.
• Be over 18. The minimum age to take out a loan in Reno is 18 years old.

You can also expect to be asked for some or all of the following documents when you apply:

• Proof of income. Pay stubs, bank statements or any other documents showing that you have money coming in are acceptable.
• Personal check. If you’re applying at a payday loan store, it’s common for lenders to ask you to bring a blank check. Online applicants typically must provide a bank account and routing number instead.
• Valid government-issued ID. Payday lenders typically accept any photo ID issued by Nevada or the federal government.
• Proof of residence. In addition to your state-issued ID, some lenders might ask to see proof that you live where you say you do — such as a recent utility bill.

Where to find short-term loan locations in Reno

Short-term loan locations near me in Reno, NV

Be cautious of unlicensed lenders

Since Nevada requires all lenders to be licensed, it’s easy to make sure the company you’re working with is legit. If you don’t see its license displayed prominently online or in the store, ask to see it. If it can’t produce it, look elsewhere for financing.

Not comfortable working with a payday lender — even if it’s licensed? Look into local resources available to Nevada residents or see if a federal credit union near you offers payday alternative loans, which come with APRs capped at 28%.

Bottom line

You have three main options when it comes to short-term loans in Reno, Nevada. But with no legal limit to how much a short-term lender can charge, APRs can reach well into the triple digits.

Learn more about how short-term loans work by reading our guide to payday loans.

Frequently asked questions

• Can I get an online payday loan in Reno, Nevada?

  Yes, you can get a payday loan online in Reno. When applying online, double-check that you’re working with a lender that’s licensed — it should link off to its Nevada license somewhere on its website.

  Typically, it takes at least one business day to get your funds after getting approved for an online loan in Reno.

• Are there short-term loan options in Reno that don't require a credit check?

  Yes, not all lenders check your credit when you apply for a payday loan in Reno. But that might not be in your favor — even if you have bad credit. That’s because no-credit-check lenders often assume the worst and charge even higher rates and fees than lenders that do.

  Read our article on no-credit-check payday loans to weight the benefits and drawbacks before you apply.

• Can I get a payday loan without a checking account in Reno?

  It might be possible, but your options are limited. You might have better luck with in-store financing or title loan providers since online lenders rely on your bank account to transfer your funds.

  Check out our page on no-bank-account loans to learn about your options.