Did you know that over 50% of Americans have less than $500 in emergency savings? It means that millions of people cannot afford an emergency expense even if it's as urgent as paying for medical bills… but this is why we've built this ranking, to help you obtain the emergency you need with our recommended payday loans online for the US.
Even if you have bad credit, no credit history, low income or if you're unemployed, our recommended online payday loan providers can help you with the emergency cash you need. We have only chosen the lenders with the lowest interest rate, highest approval rate and most flexible loan terms.
Check out our ranking below to find your ideal payday lender and obtain the cash you need today.
Here you have the best 8 platforms for online payday loans in the US in 2023 – click on the name of your preferred provider to start the application process:
Credit Clock: Best Payday Loans Online Provider for the US
Fast Money Source: Highest Payday Loans Online
Loan Raptor: Fastest Payday Loans Online
Fast Loans: Best Payday Loans Online for Bad Credit
Honest Loans: Best for Affordable Payday Loans Online
Big Buck Loans: Best for Low Income
Low Credit Finance: Best for No Credit Check
Heart Paydays: Best for No Credit History
If you want more information about each payday loan provider, then you can find them below. You will obtain all the details you need to make the best decision.
Credit Clock is our #1 payday loans online provider for the US because you can borrow up to $5,000 and repay it in 3-24 months with a low interest rate. And since it works 24/7, you can obtain money at any time of the day, even during holidays. Reliable, affordable, and fast – Credit Clock is the payday loan lender to choose in2024.
They limit the APR at a maximum of 35.99% even if you have extremely bad credit. And given that payday loans are short term, and that you're protected by the local regulations of your state, you will only pay a fair price for your loan.
Low APR and finance charges
Get money at any time of the day thanks to 24/7 service
Borrow up to $5,000
Repay it in 3 to 24 months
Accepts bad credit and no credit history
Same day disbursement
Immediate approval
If you need a big sum of money U.S$50,000 then Fast Money Source is the payday lender to choose. With payday loan amounts available from to U.S$100toU.S$50,000– you can rely on this lender to afford any type of expense at a competitive interest rate. And they also allow you to repay the loan on terms that suit you, be it short term or long term.
Fast approval and disbursement
Borrow up to $50,000
Competitive interest rate
Accepts bad credit
Flexible loan terms
Service available in Spanish
Emergencies cannot wait, and for these situations you can rely on Loan Raptor. Featuring immediate approval and fast disbursement, this online payday lender can lend you from U.S$100 to over U.S$10,000with a competitive interest rate and repayment terms that will suit you.
Fastest approval and disbursement for online payday loans
Flexible loan amounts from $100 to $10,000+
Competitive APR and finance charges
High approval rate for bad credit
Flexible loan terms
Efficient customer support service
Is your credit score below 601 points? Have you been labeled as "Fair" or "Poor" credit? Then you already know how hard it is to get approved even for a payday loan, but Fast Loans is here to change your fate. Because it offers the highest approval rate for Americans with bad or extremely bad credit.
Highest approval rate for bad credit and extremely bad credit
Loan amounts from $100 to $5,000+
Competitive APR and finance charges
Fast approval
Same day disbursement
Repay it on your own terms
Service available in Spanish
Payday loans are known for being more expensive than a regular personal loan, but Honest Loans is here to change it. Because this provider is ready to lend you an online payday loan at the lowest available rate in the market. With the possibility to borrow from $100 to over $1,000, it's a solid choice when you want to save as much money as possible.
Lowest APR and finance chargers for payday loans online for the US
Flexible loan amounts from $100 to $5,000+
Flexible loan terms
Fast approval and disbursement
Accepts bad credit
Accepts low income
Great customer support service
Low income is a frequent reason why loan applications are rejected, but Big Buck Loans is one of a kind because it can approve your petition even if you have low income or you're unemployed. This online payday loan provider can lend you up to $5,000 even if you have bad credit, making it one of the lenders with the highest approval rate in the industry.
Highest approval rate for Americans with low income
Accepts customers who are unemployed
Borrow up to $5,000
Accepts bad credit
Flexible loan terms
Fast approval and disbursement
If you have items on your credit report that you want to keep private, then we recommend you to take out a payday loan from Low Credit Finance because they don't perform hard credit checks. You can forget about your credit history or score, because Low Credit Finance is ready to lend you up to $5,000 that you can repay on your own terms.
Performs zero credit checks
Accepts bad credit and no credit history
Accepts customers with low income
Borrow up to $5,000 easily
Fast approval and disbursement
Quick application
If you have zero credit history, then you already know how hard it is to get approved by a lender or a bank. However, Heart Paydays doesn't take your credit history or score into account, making it the best choice for you. You can borrow up to $5,000 with flexible repayment terms and a competitive interest rate.
Highest approval rate for Americans with no credit history
Accepts bad credit
Competitive interest rate
Borrow up to $5,000
Flexible loan terms
Fast approval and disbursement
If you are ready to take out your first payday loan online, then here's how you can do it in only 5 steps:
We've made it easy for you to find your ideal payday loan provider because you can choose it based on their best benefit. Be it best for bad credit or no credit history, no credit checks, best loan terms, lowest interest rate, etc. – choose the one that better meets your needs and click on its name to start the application process.
Once you've landed on the payday loan provider's website, now you need to choose how much you want to borrow and for how long. The maximum payday loan amount and term will vary depending on the state you live in.
After entering how much you want to borrow, now you need to input all the necessary data such as your name, address, phone number, income information, etc. Be clear and detailed to increase your chances of approval.
The online payday lender's system will automatically let you know if you've been pre-approved. You will receive a contract with the final terms and conditions that will apply to the payday loan you want to borrow, and all you need to do is to read it and then accept it.
Once you've accepted the contract, the payday online lender will proceed to disburse the money into your bank account. Because our recommended services are known for being the fastest payday lenders in the US, you can expect to receive the money the same day.
Payday loans onlines are short-term cash loans and you can apply for one online through our recommended providers. They are legal in 37 states and each one of them has different regulations that dictate the maximum amount payday lenders can lend, as well as the maximum interest rate and maximum loan term.
These loans have become popular given the current paradigm of the United States, where 50% of Americans have less than $500 in emergency savings, and over 50 million Americans have bad credit that makes it impossible for them to get a loan at traditional banks or lenders. Payday loans online do not require a hard credit check, and you can get approved even with bad credit or no credit history.
Because payday loans are usually small ($100-$500) and they do not require an extensive analysis nor a hard credit check, they're approved immediately and disbursed the same day. Making them the perfect solution for emergency expenses.
Payday loans are only legal in 37 states, and each one of the US states has different regulations and restrictions for this type of lending. Here you have a list with all the US states that allow payday loans online and the maximum amount you can borrow:
US States that Allow Payday Loans Online
Maximum Amount You Can Borrow
Utah
No Restrictions
Wisconsin
No Restrictions
Wyoming
No Restrictions
Nevada
25% of monthly gross income
Delaware
$1,000
Florida
$1,000
Idaho
$1,000
Illinois
$1,000
Maine
$1,000
Ohio
$1,000
Virginia
$2,500
California
$300
Montana
$300
Louisiana
$350
Minnesota
$350
Oregon
$50,000
Alabama
$500
Alaska
$500
Colorado
$500
Iowa
$500
Kansas
$500
Kentucky
$500
Mississippi
$500
Missouri
$500
Nebraska
$500
New Hampshire
$500
North Dakota
$500
Oklahoma
$500
Rhode Island
$500
South Dakota
$500
Tennessee
$500
Texas
$500
Indiana
$550
South Carolina
$550
Michigan
$600
Washington
$700
$100 Payday Loans
$200 Payday Loans Online
$255 Online Payday Loans
$300 Payday Loans
$500 Payday Loans Online
$1,000 Payday Loans
They all fall within the range that is legal in the majority of the 37 states that allow payday lending, and they're enough for covering unexpected or emergency expenses in a wide myriad of situations. Furthermore, the majority of borrowers can justify borrowing such amounts with their current income, even if it's low or if they're unemployed and on benefits.
If payday loans online are not what you need right now, then you should check out the following alternatives:
If you need more than $100-$1,000 and you'd like to repay the loan over several months, then a payday loan won't be the right choice for you. On the other hand, an installment loan will fit your needs perfectly because you can borrow more than $1,000 (even with bad credit) and you can repay it over several months (3 to 60 months). See here the Installment Loans
If your credit is extremely bad and you need to borrow a significant amount of money ($1,000+), then most banks will reject your application. However, collateral loans will be able to bring you the money you need. By leaving a valuable possession as collateral, the lender will have a guarantee that you will repay the loan on time, and thus you will be able to borrow more than $1,000 and the interest rate will be lower.
If you have a credit card, then you can request a cash advance. It will convert a specific amount of your credit line into cash that you can use as you please. You can get this type of loan even if you have bad credit, as long as you have a credit line and you've repaid it on time. However, most of the time they limit the cash advances to small amounts ($100-$500) and the interest rate can be high.
If you only need a small sum of money, then you should also explore the possibility of borrowing from friends or relatives. This way you can reduce the interest rate to 0% and you can get a flexible loan term. If your credit history and/or score won't allow you to access any third-party credit product, then this is an alternative you should consider.
Here's the methodology we have used to selected each one of our recommended payday loan lendersfor the US:
Licensing: Online payday lenders are required to be approved and licensed by the state authorities in all the states they do business in. This is our first filter, to ensure that we're only recommended providers that will protect your rights as a borrower
Online Reputation: From ratings to reviews and complaints, we analyze all the online feedback that we can find from actual and previous clients from the online payday lenders we add to our list – and we only add the companies with a clean online reputation
Approval Rate: Payday loans are a godsend for millions of Americans who cannot get approved for a loan by traditional loans. This is why we only select providers with a high approval rate for customers with bad credit, no credit history, low income or who are unemployed
Loan Amounts: The maximum payday loan amount will vary depending on the state you live in, but we've made sure that our recommended providers can bring you flexibility in this area, allowing you to borrow from $100 up to $50,000
Loan Terms: Payday loans are known for being short-term, but we have only selected lenders with flexible loan terms. Be it 1 week, 1 months or even 24 months, our recommended providers will allow you to repay your payday loan on terms that suit you
APR and Finance Charges: Payday loans are more expensive than regular loans, we cannot neglect it. And this is why we've only selected the providers with the lowest APR and finance charges in the industry, and that respect the regulations imposed by the states they do business in
Approval and Disbursement: Because online payday loans are used for emergencies, we have only selected providers that offer fast approval and same day disbursement. You can rely on our recommended platforms to get the emergency cash you need
Customer Support: From answering your questions before taking out an online payday loan to requesting an extension, our recommended platforms will provide you stellar customer support service via live chat, phone or email.
If you want to learn more about payday loans online for the US before you apply for one, then the answers to the most frequently asked questions will come in handy. Check them out below.
Yes, payday loans online are legal in 37 US states in 2024.You can apply for online payday loans at our recommended providers from any of the 37 US states that consider this type of lending legal. You will receive protection as a borrower such as a cap on the maximum interest rate, strict rules for contracts, clear terms and conditions, etc.
Credit Clock is the best payday loan company in the USA in 2024. because it offers a competitive interest rate, 24/7 service, immediate approval, fast disbursement and a high approval rate for customers with bad credit and no credit history.
Yes, all of our recommended payday loans online providers have mobile websites that work like mobile apps. You can apply for a loan through our listed providers from any mobile device such as your smartphone or tablet.
Yes, you can borrow $255 with our recommended payday loans online. This is one of the most popular products at our ranked platforms, because it's within the legal maximum loan amount that payday lenders can bring in the majority of US states.
Yes, our recommended payday loan providers can approve your application even if you have bad credit. If you meet the debt to income ratio and income requirements, you will stand a high chance at getting approved. See this article for Bad Credit Loans for more details
Yes, once you become a regular client, our recommended providers can approve and disburse your payday loans immediately. If you are a new client, then the disbursement process can take from 1 to 24 hours.
No, because you need to meet their eligibility requirements before getting approved. However, since the eligibility standards are low, it's easy to get approved in the majority of cases even with bad credit, low income or if you're unemployed.
No, because payday loans online are heavily regulated in the US to protect you, the borrower. Payday loans are restricted by limits that reign over the maximum APR they can charge, the longest loan term they can bring you and also the penalties they can charge.
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