When you have unexpected expenses and you need some emergency cash, an online payday loan may help you get the funds you need. With payday loans, funds are generally available as fast as a few hours after approval.
Finding the best online payday loan for yourself may not be that easy as not all online payday lenders are created equal, and not all of them suit you. To help you find a payday loan with a reasonable rate and fee, we’ve prepared our list of top 4 online payday loans:
- WeLoans – Our top pick payday loan website with a high approval rate.
- iPaydayLoans – Reliable broker to get easy payday loans.
- US Bad Credit Loans – Offer dedicated bad credit-friendly payday loans.
- CocoLoan – Round-the-clock payday loan services.
10 Top Rated Sites For Online Payday Loans
WeLoans
WeLoans surely is our top pick when it comes to getting fast and secure online payday loans. As an online loan service provider with years of experience, WeLoans streamline the payday loan application process making online loans easy to get for everyone. By submitting your information to them, you can quickly and conveniently get access to lenders with a fast approval process.
Features
With a huge network of payday loan lenders, WeLoans can help you find different types of payday loans including payday loans, bad credit installment loans, personal loans, and same-day loans among others. Most lenders WeLoans work with can offer payday loan amounts from $50 up to $5,000.
If you want to borrow more, you’ll have to submit additional documents so that they can gather your details and forward them to their network of lenders that offer higher loanable amounts.
Pros
- A huge network of lenders with different loan types to choose from.
- Hassle-free online submission of information.
- Secure website with SSL encryption.
Cons
- Many of their partner lenders have high-interest rates.
Find Payday Loans Near You With Ease Through WeLoans!
iPaydayLoans
Getting payday loan offers with reasonable rates from multiple lenders is possible with the help of iPaydayLoans. Once you submit your information with them, you can already receive loan offers as fast as within a few hours of submission. Soon after you agree to the terms of the offer, you may also receive the funds to your bank account within the same day or even sooner.
Features
It doesn’t matter if you have a low credit score as most of the iPdaydayLoans’ partner lenders consider borrowers with bad credit scores.
By submitting your basic information and uploading supportive documents through their online platform, you can get access to different types of payday loans including payday advances, 1-hour payday loans, cash loans, payday loans for the unemployed, guaranteed approval bad credit loans, and many others.
The amount that you can borrow varies depending on the lender as well as your personal financial status, and the amount you are able to get for a payday loan starts from $50 up to $5,000. To get a higher loan amount, consider the personal loan services are also provided by iPaydayLoans.
Pros
- Many loan offers from partner lenders have reasonable interest rates
- Convenient and faster process to receive loan offers
- Easy-to-use and secure website
Cons
- Additional communication required for higher loan amounts
iPaydayLoans Can Help You to Easily and Efficiently Find Payday Loans Near You.
US Bad Credit Loans
US Bad Credit Loans is your go-to loan broker if you need an easy and convenient online payday loan. Their website is user-friendly with many helpful resources about finances that can provide you with some advice when you are looking for loans online as well. They also have tight security in place to prevent identity theft and other illegal online schemes. If you worry about your security but need to borrow money online, US Bad Credit Loans is one of the places worth checking.
Features
US Bad Credit Loans partnered with many reputable lenders to give you access to different types of loans such as payday loans, installment loans, title loans, quick-day loans, and same-day loans. From their partners, you can borrow up to $5,000 for a payday loan even if your credit report is not spotless.
It’s easy to get started in accessing loan offers from different lenders. When you visit their website and are ready to connect with lenders, simply indicate the amount you want to borrow as well as your credit score and answer a few more questions. Within a few hours, you may already start receiving loan offers.
Pros
- Receive loan offers as fast as a few hours of submitting information
- Secure website
- Different types of loan options are available from partner lenders
Cons
- Might not provide services for all the states
- Expect to pay extra fees and high-interest rates due to unpleasant credit background
Start Receiving Payday Loan Offers Now Through US Bad Credit Loans!
CocoLoan
Even if you have bad credit, CocoLoan can help you receive multiple loan offers from the lenders in their panel without extra charges! You can submit your information to them using their online form which you can easily complete in a few minutes, after which you may be able to receive loan offers within a few hours of completing the form on their website.
Features
CocoLoan is your first choice of loan resource to easily find quick loans, short-term loans, and bad credit loans. Most if not all of these loans are bad credit friendly, allowing you to access loan offers even if your credit history is less than good.
Moreover, your information is safe with CocoLoan. Their website is secure with SSL encryption, giving you peace of mind that your information is safe and protected. They also offer 24/7 service, allowing you to submit your information for them to process and get results any time of the day.
Pros
- Different bad-credit loan options aside from payday loans
- Secure Website and your information are protected
- Their online form is easy to complete
Cons
- Relatively high-interest rates for bad credit loans
If You Want to Get Online Payday Loans, Check Out CocoLoan Right Away!
BadCreditLoans
The 24-hour service of BadCreditLoans for 7 days a week makes them a great option if you need urgent cash at a most inconvenient time of the day, especially late at night. Since payday loans are usually featured with fast approval and quick fund release, BadCreditLoans will back you up with the funds you need at speed when you need the money, even with bad credit.
When you submit your information to them, they will immediately forward your information to the lenders on their network, allowing borrowers to receive loan decisions and offers even outside regular business hours.
Features
BadCreditLoans connects you with lenders that allow you to borrow loan amounts between $500 and $10,000. If they can’t find a lender that matches your needs among their partner lenders, they will show your loan inquiry to their extended third-party non-lender networks so that they can also assist with your borrowing needs. This gives you more chances of finding a solution to your financial crisis.
Furthermore, BadCreditLoans may also help you find a lender that offers other types of loans such as mortgage loans, auto loans, student loans, personal loans, and business loans. Note that loan amounts may vary due to loan types, your states, and your financial situation.
Pros
- Uses advanced encryption technology to protect your information
- Partner lenders have fast processing times
- With a huge network of lenders
Cons
- You may not be able to access lenders with smaller loanable amounts
Get the Quick Cash You Need Anytime and Anywhere With BadCreditLoans!
CashUSA
CashUSA gives you fast and convenient access to multiple lenders that offer different types of loans at competitive interest rates. If you need cash to get you through your next payday or for debt consolidation, tax payment, rent, credit card refinancing, home remodeling, vacation, and other purposes, they can definitely help you out!
Features
Regardless of what the money’s for, CashUSA can help you find a lender with the loanable amount and terms that are suitable for you in four easy steps, namely submitting your information to them, reviewing loan offers, providing additional information, and receiving your funds to your bank account. Depending on your state and credit worthiness, the APR for your loan can be between 5.99% and 35.99%.
Moreover, aside from providing loan services, you may also receive offers for other financial services from their partners including debt relief services, credit repair services, and other similar assistance.
Pros
- Safe and secure platform
- Convenient loan disbursement by partner lenders
- Large network of third-party lenders and other third-party networks
- The company website contains educational resources to help you make the right choice
Cons
- Some partner lenders may have very high-interest rates
Get Access to Trusted and Reputable Lenders Now by Checking Out CashUSA!
Pheabs
Pheabs can help you find a payday loan that matches what you are looking for. They also make it easier for borrowers to submit loan requests and additional documents with a lender through an online interface. Once approved, you can already receive the funds as fast as 24 hours or within the same day of submitting your application. You can easily get started by completing the information form on their website.
Features
Pheabs partners with lenders that offer payday loans up to $5,000 with repayment terms of more than 1 month to 60 months. The company can help you find different types of loan options such as bad credit loans, fast cash loans, cash advances, no credit check loans, same day loans, and short-term loans.
Moreover, Phoebs also invested in providing useful information resources that can help you find the right loan solution for you. Their specially designed algorithm will analyze your submitted documents and provide you with a list of suitable lenders that suit you the most.
Pros
- Helps you find a wide variety of loans
- Secure online submission form and website
- Easy-to-complete online form
Cons
- Payday loans are only available in less than 15 states.
MoneyMutual
If you need a loan up to $5,000 immediately, you may be eligible for loans offered by MoneyMutual’s partner lenders. The company focuses on offering quick, simple, and secure access to reputable lenders and making the borrowing process more convenient. They were able to help over 2,000,000 people in need to date and count.
Features
Your borrowing journey with the help of MoneyMutual starts by clicking the Get Started button on their website. This form gathers your personal information which they will share with the lenders to find a match for the loan you are looking for. By submitting your information to them, they can connect you with lenders that offer between $200 and $5,000 loans.
Pros
- With a good track record in helping borrowers
- Very secure online form
- Getting started is easy
Cons
- Small maximum loanable amount
OppLoans
OppLoans is one of the trusted resources for getting payday loans, receiving thousands of positive reviews which give them a high trust score. The company’s main focus is to help credit-challenged and middle-income consumers improve their financial path. They aim to help millions of American borrowers who are turned down by traditional lenders.
OppLoans has already helped over 700,000 consumers across the country and has received over 14,000 positive customer reviews, which is a perfect reflection of the company’s good reputation in the industry.
Features
OppLoans partners with a network of lenders that offer installment loans, no credit check loans, and bad credit loans. These lenders offer installment loans in four states and payday loans in dozens of states in the US. You can easily find lenders in your area by simply indicating your state in their online form. The loanable amount, repayment terms, and APR that OppLoans lending partners offer, varies by state, but generally, the maximum amount is at $4,000 with an APR of as high as 160% and a loan term between 9 and 18 months.
Pros
- Easy and convenient information submission
- Highly secure website
- Fast processing of partner lenders
Cons
- High APR in many states
Visit Opploans Website and Start Comparing Different Loan Offers Now!
CashAdvance
You can never tell when an emergency expense will come up. If it does, it’s good to have a go-to place like CashAdvance where you can borrow up to $10,000 even if your credit score is not spotless.
Features
Getting loans from CashAdvance is just as simple as a few clicks. To access numerous loan offers from the trusted partner lenders of CashAdvance, all you need to do is indicate how much you want to borrow and answer a few questions on their website. Their form is easy to fill out and submit. CashAdvance will then connect you with their partner lenders and help you find a payday loan that you can repay for as long as 12 months with a minimum loanable amount of $500.
Pros
- Safe and secure website
- Easy to submit information
- More loan options from partner lenders are available
Cons
- High APR of APR: 782% – 1546%
If You Need Quick Cash Up to $10,000, Consider CashAdvance Right Away!
FAQs
Can I Get Online Payday Loans Even With Bad Credit?
You don’t need a spotless credit history to apply for an online payday loan. Many payday lenders consider other factors such as your employment history and income status when making a decision regarding your application. This means that you still have a chance of getting approved even if you have a low credit score.
Is It Possible to Get Online Payday Loans Without Credit Checks?
The short answer is, no. You can’t get any loans without credit checks. No credit check loans generally refer to loans where the lender performs soft credit checks to get an idea of your creditworthiness and financial history without affecting your credit score. While it is possible to get a no-credit-check loan, getting approved while unemployed or dealing with a very low score will not be easy.
Is an Online Payday Loan Secured or Unsecured?
Most payday loans are unsecured which means that you do not have to present any collateral to apply for the loan. In the absence of collateral, most lenders will ask your permission to automatically take money from your bank account. Alternatively, your lender may ask you to write a post-dated check for every due date, which the lender will cash out due to low credit risks.
What Should I Consider Before Getting Online Payday Loans?
While online payday loans can be a great solution for your emergency cash needs, don’t make a decision yet unless you are aware of the following characteristics of payday loans:
- High-interest rates – Generally, payday loans have interest rates that can be twice or even thrice of regular loans. In most cases, the lower your credit score and income is, the higher your interest rate will be.
- Upfront cost – Payday loans typically have associated upfront costs which oftentimes can be hefty, so make sure to read the fine print first before proceeding with your application.
- Risk of identity theft – Because of the nature of the loan wherein the whole application process is mostly done online, there is an inherent risk of identity theft. This is especially true if the lender does not have a strong security measure in place to protect its borrowers.
- Early repayment fee – Unless the lender allows for early repayment, you may get charged for paying off your loan before the end of the contract.
- Shorter repayment term – Payday loans are considered short-term and must be repaid within a few weeks or once you receive your paycheck.
Are There Any Alternatives Other Than Payday Loans?
Yes, there are many alternatives to payday loans when you have financial crises. The most popular options include bad credit loans, credit union loans, and cash advances among others. Alternatively, you could also choose lower-risk options such as borrowing from family members, or depending on the nature of your need, apply for government assistance, for instance, medical bill assistance.