SWIFT Payday Loan Review

Information verified correct on March 24th, 2017

Making it easy to get cash in a pinch.

The SWIFT Payday Loan offers a simple way to access a cash advance on a paycheck. With an application that takes roughly five minutes to fill out, borrowers can receive a lightning-fast response, receiving funds in as little as one business day, depending on the specific lender making an offer.

Product NameSWIFT Payday Loan
Min Loan Amount$200
Max. Loan Amount$1,000
Loan TermVaries by lender
Turnaround TimeNext business day
CostsAPR varies by lender

Product Details

  • Product Name:  SWIFT Payday Loan
  • Loan Term:  Varies by lender
  • APR:  APR varies by lender
  • Minimum Interest:  Varies by Lender
  • First-Time Borrower Maximums:  $1,000 for Most Program Lenders
  • Returning Borrower Maximums:  $1,200 for Most Program Lenders

Application Requirements

  • Minimum Credit Score. Varies by Lender
  • Minimum Age. 18 years of age

Fees and Repayments

  • Loan Term. Varies by lender
  • Interest Rate. Varies by Lender
  • APR.  APR varies by lender
  • Other Fees.  Varies by Lender

SWIFT Payday Loan Review

The SWIFT Payday Loan offers a simple way to access a cash advance on a paycheck. With an application that takes roughly five minutes to fill out, borrowers can receive a lightning-fast response, receiving funds in as little as one business day, depending on the specific lender making an offer.

Benefits of the SWIFT Payday Loan

There are a couple of features that make the SWIFT Payday Loan a great solution for people looking to get a quick advance on their paycheck. These include:

  • Access to Multiple Lenders. Because of the expansive network of lenders associated with SWIFT, people who use the payday advance service can get matched with a lender who is appropriate to their financial needs and credit score.
  • Quick Response Times. Within moments of submitting your application to SWIFT, lenders can make a decision on your request. With some lenders, a response can 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 very next business day, although exact delivery time is dependent on the lender used. Some lenders also offer delivery of funds through a check, which may take slightly longer.

How do SWIFT Payday Loan compare?

Rates last updated March 24th, 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.
Max. Loan Amount Term of Loan Turnaround Time Costs
SWIFT Payday Loan
Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
$1,000 Varies by lender Next business day APR varies by lender 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
Rates last updated March 24th, 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.
Max. Loan Amount Term of Loan Turnaround Time Costs
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 Varies depending on the amount and your state of residency. Go to site More
SWIFT Payday Loan
Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
$1,000 Varies by lender Next business day APR varies by lender Go to site More
CashNetUSA Loan
Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.
$2,250 Varies by state 1 business day Varies by state of residency. Go to site More
OppLoans Personal 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 Depends on state of residency. Go to site More
Cash Central Payday Loan
Offers high-APR cash loans of up to 32 days deposited directly into your checking account.
$5,000 Varies by state 1–2 business days Depends on your credit history and the state you live in. Go to site More
ACE Cash Express Payday Loans
An array of services in 1,000 locations include short-term, installment and title loans with terms that vary by state.
Varies by state Varies by state Generally receive the money the next business day Varies depending upon the state where you reside. Go to site More
LendUp Payday Loans
Climb the LendUp Ladder with this unique borrowing platform offering credit reporting and $250 loans for first-time borrowers.
$250 7–30 days 1 business day Varies depending on the loan terms and your state of residence. 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

Features of the SWIFT Payday Loan

Payday loans through SWIFT are fairly flexible, due to the nature of the program. Here are some of the best features of the SWIFT Payday Loan:

  • Up to $1,000 Advanced for First-Time Borrowers.  In most cases, approved applicants can receive between $200 and $1,000 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.
  • No Fees to Use the Service.  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 personal and financial information secure. All application information is encrypted and sent through a secure network.

Find out your credit score here

How to apply for the SWIFT Payday Loan

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

Eligibility criteria:

  • You’re at least 18 years old
  • You must be employed or have a regular source of income

Required documents & information:

  • Basic contact information
  • Source of employment or income details
  • Verification of stated 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.

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.

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