SWIFT payday loan review

SWIFT makes it easy to get cash in a pinch with its lender-matching services.

SWIFT is a lender-matching service that simplifies the process of securing a payday loan by connecting you with a lender from its network best suited to your needs. With an application that takes roughly five minutes to fill out, borrowers can receive a lightning-fast response and get their funds in as little as one business day.

A payday loan offers a simple way to access a cash advance on your next paycheck and is processed faster than typical bank loan. However, unlike bank loans, payday loans come with exceptionally high finance charges, and are typically due in full on your next payday. So keep in mind that a payday loan is a temporary fix, not a long-term solution.

Min Loan Amount$200
Max. Loan Amount$1,200
Loan TermVaries by lender
Loan SecurityUnsecured
Turnaround TimeNext business day
CostsAPR varies by lender
RequirementsMust be at least 18 years old and employed or have regular income.
  • Must be at least 18 years old.
  • Employed or have regular income.
  • Must satisfy the lender’s underwriting requirements.

Benefits of using SWIFT to get a payday loan

  • Access to multiple lenders. Because of the expansive network of lenders associated with SWIFT, people who use their payday advance service can get matched with a lender who is appropriate to their financial needs and credit score.
  • Quick response time. Within moments of submitting your application to SWIFT, lenders can make a decision on your request. With some lenders, a response may be offered in just a few seconds. With larger requests, response times may extend up to 24 hours, which is still fairly quick when compared to other payday advance services.
  • Speedy cash delivery. In most cases, borrowers will have money in their account as soon as the next business day, although exact delivery time is dependent on the lender and your bank. Some lenders also offer delivery of funds through a check, which may take slightly longer.

Is SWIFT legit or a scam?

Features of getting a payday loan through SWIFT

Payday loans through SWIFT are fairly flexible due to the nature of the program. Here are some of the best features of using SWIFT’s services:

  • Up to $1,200 for first-time borrowers. In most cases, approved applicants can receive between $200 and $1,200 for their first advance.
  • Bigger advances for returning borrowers. Applicants who have successfully borrowed in the past can receive up to $1,200 as a payday advance using SWIFT’s service.
  • Connected with tribal lenders. SWIFT is owned by Pomo One Marketing, Inc. which functions under the Habematolel Pomo of Upper Lake. This means they also show tribal lenders who can offer loans to people in states where payday loans are otherwise illegal.
  • No fees to use their services. SWIFT does not charge a fee for its lender-matching services, making it easy to apply and access multiple lenders without paying hefty fees or spending a lot of time comparing lenders on your own.
  • High standards in security and privacy. SWIFT is committed to keeping your personal and financial information secure. All application information is encrypted and sent through a secure network.

Find out your credit score here

Rates last updated October 18th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs
SWIFT Payday Loan
Varies by lender
Next business day
APR varies by lender

Compare up to 4 providers

Rates last updated October 18th, 2017
Name Product Max. Loan Amount Term of Loan Turnaround Time Costs
LendUp Payday Loans
7–30 days
generally receive the money the next business day
Depends on your state, loan product, loan amount and the term of the loan.
CashNetUSA Loan
Varies by state
Varies by state
1 business day
Varies by state of residency.
Check into Cash Payday Loan
Varies by state
1–2 business days
Varies depending on the amount and your state of residency.
ACE Cash Express Payday Loans
Varies by state
Varies by state
Generally receive the money the next business day
Varies depending upon the state where you reside.

Compare up to 4 providers

What fees does SWIFT charge?

Applying for loans through SWIFT is completely free. However, the loan provider you sign with will likely charge a financing fee on top of high interest rates. You have access to the complete charges of a loan before signing through a loan offer document. Along with the terms of the loan, this document lists all the fees and charges you might have to pay.

If you find the fees to be too high, you are under no obligation to accept the contract.

How to apply for a payday loan through SWIFT

Applying for with SWIFT can take as little as five minutes, but certain minimum criteria must be met for applicants to be considered:

Eligibility criteria:

  • You are at least 18 years old (varies by state)
  • You are employed or have a regular source of income

Required documents & information:

  • Basic contact information
  • Source of employment or income details
  • Verification of income
  • Other financial documents or details
  • In some cases, lenders may require a credit check prior to approval, depending on the details listed in the original application.

Bottom line

While there are other ways to get payday advances online, SWIFT offers unique access to multiple lenders using a single application. This is a great program for borrowers who don’t want to spend a lot of time preparing different applications or comparing lenders on their own, but want the benefit of seeing various lenders’ offers all in one place.

Here are some of our most frequently asked questions

There are a few things you should know about cash advances in order to make the right decision for you and your family.

First, you should generally only take out a cash advance in emergency situations because this type of loan is typically a short-term, one-time solution. If you have structural financial problems that cause you to have difficulty repaying debts, you should consider credit counseling.

Second, you’ll want to make sure you can repay your cash advance in a timely manner. Missing the due date on your repayment will result in additional charges. Avoid digging yourself into a deeper financial hole by taking on debt you can’t afford.

Third, before accepting a cash advance, be sure to read the lender’s terms and conditions carefully. It’s important to read the fine print so you know exactly what you are paying and when it is due.

This depends on the individual lender. When reviewing your loan contract, be sure to voice this question as some payday loan lenders charge extra fees for early repayment.

Funds are usually deposited into your bank account on the next business day. It ultimately depends on the lender and your bank.

While not all lenders report to the big three credit agencies that handle credit, some might choose to report late or missing payments. This is at the discretion of the lender, and SWIFT has no control over your loan search once you find a suitable lender.

The best solution is to contact your loan provider and inform them. Usually, the lender will be willing to extend the payment deadline and find ways to help you through difficult financial times.

Are payday loans available in my state?

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6 Responses

  1. Default Gravatar
    JasonJune 18, 2017

    I need a loan all I have is NetSpend card?

    • Staff
      HaroldJune 20, 2017Staff

      Hi Jason,

      Thank you for your inquiry.

      On this page the section “Compare your options for short term loan matching services” you can compare the lenders that has an offer that will best fit your personal requirements. Next, check the requirements by clicking the “go to site” button. Through this you will be redirected to the lender’s website to check the requirements they allow upon your application for the loan.

      I hope this information has helped.


    • Default Gravatar
      DorothyJune 21, 2017

      All I have is debit card can I get a loan?

    • Staff
      HaroldJune 21, 2017Staff

      Hi Dorothy,

      Thank you for your inquiry.

      The requirements may vary from the lenders. With Lend Wallet online loan marketplace as long as you can meet the eligibility criteria listed below you may be eligible for the loan.
      – You must be at least 18 years old.
      – You must have an open bank account.
      – You must be an American citizen or a permanent US resident.
      – You must have a regular source of income.

      I hope this information has helped.


  2. Default Gravatar
    AnnetteMay 16, 2017

    If I am approved when will money go on my debit card ?

    • Staff
      HaroldJune 27, 2017Staff

      Hi Annette,

      Thank you for your inquiry.

      Typically, you can receive your fund one business day, depending on the specific lender making an offer.

      I hope this information has helped.