You don’t need to wait long to get the money you need – find out how you can get a quick payday loan.
If you’re in need of money immediately, whether it’s for emergency repairs, forgotten bills or any other reason, payday loans are an option for you to consider. Payday lenders can give you access to approved funds on the same business day, some within 15 minutes.
You can apply for a quick payday loan if you have bad credit, receive benefits or are on a lower income, and you can use your loan for whatever purpose you need.
Same Day Trusted Payday Loans
The Trusted Loan Network allows you to apply for a payday loan and have your application matched with one or many lenders.
Min. Loan Amount: $100
Loan Term: Next payday
Turnaround Time: Same day - conditions apply
Total Costs: Rates and fees are determined by the lender who approves you.
Must be 18+
No security needed
Confidential and secure!
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Read the Trusted Loans Payday Loan terms and conditions.
A selection of quick payday loans you can apply for
Rates last updated September 29th, 2015
Max. Loan Amount
Term of Loan
Turnaround Time
Total Cost of Borrowing $100
Check into Cash Payday Loan
$1,000
Varies upon State
1-2 business days
Varies depending on the amount and your state of residency
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Trusted Loans Payday Loan
$1,000
Next payday
Next Business Day
Rates and fees are determined by the lender who approves you.
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Borrow Jet Loans
$1,000
Next payday
Next Business Day
$25 to $30 for every $100 borrowed
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Trusted Loans Personal Loan
$10,000
2-60 months
Next Business Day
APR ranges from 25-450% based on your credit score.
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100 Day Loan Payday Loan
$1,000
Up to 100 Days
Next Business Day
APR will depend on your credit score and your state or residency.
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Cash Mojo Installment Loans
$2,500
Varies
1-2 Business days
This will vary based on your state and credit score.
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LoanMart Car Title Loans
$50,000
1 business day
Based on the value of the car and your ability to make regular payments on time.
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Trusted Loans Installment Loan
$10,000
2-60 months
Next Business Day
APR ranges from 25-450% based on your credit score.
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CashLoansMax Payday Loans
$1,000
Next payday
Next Business Day
$25 to $30 for every $100 borrowed
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US Payday Cash Fast Loans
$1,000
Next payday
Next Business Day
$25 to $30 for every $100 borrowed
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How do quick payday loans work?
A quick payday loan gives you quick access to approved funds, typically no later than the following business day. The maximum amount you can borrow depends on your state’s payday loan regulations, which also restricts features like the maximum APR and loan term lenders can set.
After you apply for a quick payday loan you can find out if you’re approved fast. Some lenders can give you access to funds within hours, and in most cases you can receive money the following business day.
If you apply for a payday loan in-store you can receive your loan in cash or as a check. When you apply online, the funds are transferred into your bank account. You might also have the option to pick up your loan in-store if the lender has physical branches.
What features do quick payday loans offer?
If you’re looking for a quick payday loan, here’s what you can expect.
Multiple options for borrowing money.
If payday loans are legal in your state, you’ll have numerous options from which to choose. Bear in mind that not all payday loan providers are equally quick in processing applications and disbursing funds. You have the choice of direct payday lenders and loan matching services.
Quick processing of you loan.
Some payday lenders use the latest in technology to verify your credentials online, giving you an answer within minutes. If you apply online, the lender will require your bank account details so it can transfer your funds by the following business day.
Lower than normal fees.
While state regulations tend to govern how much payday lenders can charge as fees, some lenders charge lower fees than others. You may also find lenders who charge lower fees and rates the more you borrow with them, so this may also be an option to consider.
“I want to apply for a quick loan – how can I be approved?”
There is no hard and fast rule that guarantees a successful application, but knowing what the application process entails can increase your chances of approval. Payday loan providers will verify your income to establish if you have the capacity to repay the loan, which they can do via pay slips and bank statements.
You will also have to go through an identity verification process, which some lenders carry out online. You may have to fax some documents over, although no fax payday loans are available.
The types of loans that are available
You have a few different options when you need money quickly, including:
Payday loans. These are short-term loans that you have to repay by your next payday. The maximum you’re able to borrow depends on the state you’re applying from, as does the terms you are offered.
Installment loans. With a quick installment loan you don’t have to repay the entire loan amount in one go. You get to make equal repayments over a set term, which can extend up to one year or more.
Auto title loans. If you have a car or a motorbike that you can use to provide security, you can consider getting an auto title loan. Your vehicle will works as collateral but you’ll have continued access to your vehicle during the loan term.
How much can you borrow?
Just how much you can borrow also depends on the lender you approach. This is because lenders are restricted by state laws as to how much they can charge, but some lenders may still have better rates than others.
In states like Alabama, Alaska, Colorado and Delaware you can borrow up to $500. In California, the maximum you can borrow limits to $300. Residents of Idaho can borrow up to $1,000, and if you’re a resident of New Mexico you can borrow up to $2,500. Some states, like Illinois and Nevada, let you borrow up to a percentage of your gross monthly income.
Things to consider before you apply
If you think you may face problems in paying the loan back on time, you should seriously reconsider applying. If you repay your loan late you will have to pay additional fees and it will also affect your ability to get credit in the future.
It is important that you review any given loan’s terms and conditions before accepting a contract, as this gives you clear indication of how much you might have to pay in fees and charges.
Frequently asked questions
How much time does it take to apply for a payday loan online?
You can usually complete an online payday loan application in around 10 to 15 minutes as long as you have all the required information on hand.
What eligibility criteria do I have to meet?
You should meet the minimum age requirement, which is 18 years in most states. You should be a permanent resident of the US and you should have a steady source of income.
Payday loans are not legal in my state – what other options do I have?
You can consider applying for an installment loan or an auto title loan. You can consider getting a loan from a military aid society or an affinity group, and you can even ask your employer for a cash advance.
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