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If you have an emergency financial situation, waiting for a bank loan can take a few weeks or even months. Therefore, payday loans online are your best option when you’re in a tight spot.
However, you’re not alone. We’ve all been in situations where we need quick cash to pay off unexpected bills or when we’re waiting for a payday. To urgently handle these financial obligations, you must pick the best payday loans online.
We’ve compiled a list of the best online payday loans with instant approval. These lenders listed in the guide below are reliable, generous, and fantastic for short-term cash relief. While the payday loan service, Money Mutual, tops our list, you should consider each option based on your own personal circumstances.
Our top 10 picks were determined by criteria such as APR rates, loan amounts, the application process, and lender reputation. For this reason, the best payday loans online offer quick loans while providing agreeable terms.
Top 10 Best Payday Loans Online for Instant Approval
- MoneyMutual: Best Overall Online Payday Loan
- CashUSA: Best for Guaranteed Approval
- BadCreditLoans: Best for No Credit Check
- Funds Joy: Best for Loan Options
- Personal Loans: Best for Competitive Payday Loans Online
- 247FastFunds: Best for Security
- 247 Dollar Loan: Best for Small Emergency Loans
- 247CreditNow.com: Best for Big Payday Loans
- iCashLoans.com: Best for Consumer Privacy
- BetterLoansMutual.com: Best for Rapid Payday Loans Online
MoneyMutual – Best Overall Online Payday Loan
As one of the best bad credit loan providers, MoneyMutual has funded more than two million borrowers since its inception in 2010. Based on the wide range of positive feedback on various customer review sites and our experience, MoneyMutual is the best online payday loan service overall.
This lender is also a member of the Online Lender Alliance. This speaks to the company’s trustworthiness and outstanding reputation.
MoneyMutual acts as a lending marketplace and matches you with a list of the best potential lenders. In fact, you can find over 80 lenders with MoneyMutual, which increases your odds of finding a loan with acceptable terms.
Furthermore, MoneyMutual offers bad credit score loan resources you can use if you have a poor credit history and want to rebuild your credit score.
This company is also certified by TrustedSite. Therefore, you can request a loan with the assurance that your personal information is protected.
Application Process: 5/5
MoneyMutual’s motto is “At The Speed of Life.” This indicates that the company understands how complex emergencies are and that you may need cash immediately. For this reason, MoneyMutual’s application process is quick and easy.
Taking just five minutes to complete, you will receive an instant lender review. Once you agree to a loan, the money is sent within one business day.
Loan Amounts: 4.5/5
Depending on your credit score and monthly income, you can borrow $100 to $5,000 from MoneyMutual.
Interest Rates and Fees: 4.5/5
The interest rates on MoneyMutual loans range from 261% to 1,304%.
- Millions of satisfied borrowers
- Extensive lender marketplace
- Rapid turnaround time
- Values security and privacy
- Excellent bad credit score loan tutorials
- Unavailable in NY, CT, and IL
CashUSA – Best for Guaranteed Approval
CashUSA is one of the most popular providers of personal loans in the online marketplace. In addition to its massive customer base, it also boasts excellent customer ratings from millions of satisfied borrowers.
Furthermore, CashUSA is more than just a lending network. This company also provides thorough financial resources on finances, credit, debt, and banking. By taking advantage of these educational tools, you can better prepare yourself for the future.
Best of all, you can take payday loans for any reason. So whether you want to consolidate your debt, pay for a vacation, or pay off unexpected medical expenses, the choice is up to you.
Application Process: 5/5
The application process is straightforward and takes under ten minutes to complete. CashUSA will ask for your income levels since most lenders have an $800 to $1,000 monthly income requirement.
Loan Amounts: 4.9/5
You can borrow $500 to $10,000 with a CashUSA loan.
Interest Rates and Fees: 4.8/5
CashUSA loans have interest rates ranging from 5.9% to 35.99%. Also, CashUSA doesn’t charge origination fees for using their lending network. However, it’s essential to read the terms of your specific loan to see if the lender charges fees for late payments or the application itself.
- Transparent online payday loans
- Available in every US state
- Lots of positive feedback from borrowers
- Excellent repayment terms
- Minimum loan amount of $500
- Income requirements
BadCreditLoans – Best for No Credit Check
BadCreditLoans is known for offering various emergency and personal loans that cater to your particular situation.
These individualized payday loans include:
- Personal loans
- Small business loans
- Credit card loans
- Auto loans
- Home loans
- Mortgage loans
- Student loans
In addition, BadCreditLoans sends your loan request to a third-party non-lender network if you don’t finalize a deal with an offer from BadCreditLoans’ primary lending network.
BadCreditLoans is also a proponent of financial education. This is why this company provides educational resources you can read to learn how to make better financial decisions.
Furthermore, borrowers with poor credit scores can comfortably apply, knowing that BadCreditLoans has no credit obligations.
Application Process: 5/5
Similar to the previous options, BadCreditLoans has a simple application process that takes a few minutes to complete. You will need to provide your ID and bank account deposit details.
Loan Amounts: 4.5/5
You can borrow $500 to $10,000 from a BadCreditLoans’ lender. However, you may not qualify for higher loan amounts if you have a poor credit score.
Interest Rates and Fees: 4.8/5
The APR from BadCreditLoans varies from 5.99% to 35.99%. These are competitive interest rates seen across the industry.
- Comprehensive lending network
- Financial education resources
- Scam prevention guides
- Individualized payday loans online
- Higher APR with bad credit
Funds Joy – Best for Loan Options
Funds Joy is a lending network that prides itself on quick and viable loans from trustworthy lenders. This lending platform has a network of over 60 personal loan lenders. This means there is a high chance you will find a loan offer with reasonable terms and rates.
You can take advantage of Funds Joy’s wide range of loan options, which include payday loans, home loans, cash advance loans, and bad credit score loans.
As such, you can apply for a Funds Joy loan even if you have a less-than-desired credit score. Since Funds Joy is the best loan option, it’s important to note it offers short-term and long-term payday loans.
Application Process: 4.6/5
The Funds Joy application takes around ten minutes to complete and submit. Furthermore, you will receive your lender’s decision a few minutes after. Therefore, we recommend waiting for all the loan offers to arrive. This way, you can choose the loan with the best terms and conditions.
Loan Amounts: 4.5/5
Funds Joy offers loans in the range of $200 to $5,000. This way, you can receive a small short-term loan in less than no time to pay off unexpected bills or expenses.
Interest Rates and Fees: 4.5/5
The interest rates seen on Funds Joy loans depend on your personal credit score and income profile. However, the APR typically ranges from 4.99% to 450% for personal loans. The APR for cash advance loans ranges from 200% to 1386%. In addition, the interest rates for installment loans vary from 6.63% to 225%.
- Over 60 lenders
- Variety of loan options
- No hidden charges
- Short-term and long-term payday loans online
- No phone customer service
- Higher interest rates with bad credit
Personal Loans – Best for Competitive Payday Loans Online
Personal Loans is an excellent unsecured loan provider focusing on speed, efficiency, and transparency.
This lender immediately provides your loan amount, loan term estimates, and specific loan type requirements to quickly grasp what you’re getting into.
Although this lender offers competitive interest rates, user reviews indicate that Personal Loans offers the best APRs for payday loans online.
Furthermore, Personal Loans is a popular provider of bad credit loans. Therefore, borrowers with poor credit scores can take advantage of these no-credit-check loans.
Application Process: 4.8/5
Personal Loans has a straightforward application process that takes a few minutes to complete.
Loan Amounts: 4.9/5
You can borrow anywhere from $500 to $35,000 from Personal Loans, making it one of the broadest loan amounts ranges on today’s list.
Interest Rates and Fees: 5/5
First of all, Personal Loans does not charge application or service fees. Furthermore, you can find loans with interest rates ranging from 5.99% to 35.99%.
- Lower APR
- Excellent loan amounts
- Helpful payday loan online resources
- No accreditation from BBB
- Low loan amounts for poor credit history
247FastFunds – Best for Security
While it’s not a direct lender, 247FastFunds is a lending platform that collaborates with a wide network of lenders. For this reason, you have an excellent chance of finding reasonable loan terms. Established in 2012, this lending network has provided trustworthy financial services for over ten years.
It’s important to note that 247FastFunds does not accommodate individuals in West Virginia, New York, Arkansas, or Vermont. However, if you are not located in one of these states, you can easily find an adequate loan, even if you have a bad credit score.
True to its name, you can apply for a 247FastFunds loan anytime. If you agree to a lender’s terms you will receive the money in your bank account the next day.
Best of all, this lending network provides unsecured personal loans for any reason, whether it’s home repairs, car repairs, vacations, or medical bills. The choice is all yours.
This lending network is also the best for security since it uses advanced encryption protocols to protect your personal information. Therefore, you minimize your risks of identity theft.
Application Process: 4.8/5
247FastFunds has a simple application process that takes around five minutes to finish.
Loan Amounts: 4.4/5
You can borrow $1,000 to $5,000 from lenders in the 247FastFunds network.
Interest Rates and Fees: 4/5
The APR and fees are not disclosed on the website. You’ll need to view your loan offers for specific interest rates and terms.
- 24/7 customer support team
- Excellent security protocols
- Loans start at $100
- Fast loan decisions
- Lack of information regarding interest rates
247 Dollar Loan – Best for Small Emergency Loans
247 Dollar Loan is the best overall payday lender for small emergency loans. You should apply for a loan with this lender if you have a financial emergency you must quickly pay it off.
Application Process: 5/5
The application takes under five minutes to complete. Once you submit your application, 247 Dollar Loan will provide a list of potential lenders in one to two minutes. However, it’s crucial to note that borrowers must be at least 18 years of age, meet the monthly income requirements of $800, and be a US citizen. You also must provide your direct deposit information.
Loan Amounts: 3.8/5
You can borrow $100 to $1,000 with a 247 Dollar Loan loan.
Interest Rates and Fees: 4/5
You can expect interest rates ranging from 235% to 1,304%.
- Bad or no credit check loans
- Quick application process
- Fast turnaround time
- Above-average APR
247CreditNow – Best for Big Payday Loans
Since it’s difficult and time-consuming to get a big installment loan from your local credit union or bank, we recommend 247CreditNow for large payday loans. This is the most fantastic lender for large installment loans if you meet the credit score requirements.
Once you prove you meet the $800 minimum monthly income requirements, you can get access to personal loans, cash advance loans, or payday loans.
Application Process: 5/5
247CreditNow.com has a quick application process and takes less than two minutes for you to receive your list of potential lenders and loan offers.
Loan Amounts: 4.9/5
You can borrow $100 to $35,000 with a 247CreditNow loan.
Interest Rates and Fees: 4.5/5
After applying, you can view your specific interest rates and fees for each loan in your 247CreditNow.com lender decision list.
- Lower income requirements
- Quick application process
- Available for all types of credit scores
- Shorter loan terms
- Large loan amounts unavailable for bad credit scores
iCashLoans – Best for Consumer Privacy
iCashLoans is the best payday lender for consumer privacy because it doesn’t ask what you are using the loan for. Therefore, you can use your loan as you wish.
In addition to iCashLoans priority on privacy, you can access short-term payday loans of $100 to $1,000.
Application Process: 5/5
The iCashLoans.com application is quick and easy. Best of all, this lender does not pry into your personal business since it doesn’t ask what you need the loan for.
Loan Amounts: 4/5
You can access loans ranging from $100 to $1,000.
Interest Rates and Fees: 4/5
iCashLoans doesn’t specifically indicate the interest rates the lenders charge. However, since iCashLoans provides short-term emergency loans, you can expect high interest rates, depending on your credit score.
- No loan reasoning questions
- Loans start at $100
- Excellent loan approval success rates
- Mainly short-term loans
- Relatively high interest rates
BetterLoansMutual – Best for Rapid Payday Loans Online
BetterLoansMutual focuses on providing rapid payday loans for borrowers with all types of credit scores. Similar to iCashLoans, BetterLoansMutual doesn’t ask what you need the money for. However, you must make at least $1,000 in monthly income after taxes to qualify for a loan.
Application Process: 4.8/5
The application process is effortless and takes about five minutes to complete.
Loan Amounts: 4.5/5
The loan amounts range from $100 to $5,000, similar to MoneyMutual.
Interest Rates and Fees: 4.2/5
The exact interest rates depend on your loan offers. Therefore, you must apply and view your lending options to see the full range of APRs and fees.
- Loan amounts up to $5,000
- One to two-day funding
- Fast application process
- No phone customer service
- No accreditation from BBB
How We Picked the Best Payday Loans Online: Methodology
By now, you should have narrowed down your pick on which payday loan is best for you. However, to help make things easier, we want to discuss the methodology we used to compile this highly-curated list of the best payday loans online for instant approval.
Here’s a closer look at each consideration we rated:
Company Reputation:
One of the most critical factors of a payday lender is its reputation and experience in providing trustworthy loans. Longevity typically indicates sustainable lending practices, which is a quick and easy way to narrow down the list.
Furthermore, we chose lending marketplaces with good reviews and accreditation by verified agencies. For example, the BBB (Better Business Bureau) recognizes many of the abovementioned lenders. Also, many lenders are part of the Online Lender Alliance.
We also assessed customer reviews and looked for lenders with positive feedback and satisfied borrowers.
Eligibility Criteria:
To accommodate everybody who needs access to payday loans, we made sure to choose lenders with fair borrower requirements.
These minimum requirements include:
- US citizenship or permanent residency in the US
- At least 18 years of age
- Stable income of $800 to $1,000 per month
- Own a checking account in your name
Bad Credit Accommodation:
In addition to low eligibility criteria, we looked for lenders that offer loans for borrowers with poor credit scores. Therefore, our list of the best online day loans offers financial services for all types of credit scores.
Instead of looking at just your credit score, these lenders consider your income, debt to income ratio, and other provided information. We also made sure we included some providers that offer bad credit business loans too.
Ease of Use:
Since you may be in an urgent situation and need cash immediately, we looked for payday loans with a straightforward application process and a quick cash deposit. The loans outlined above take only a few minutes to submit an application.
Best of all, the lender provides a list of potential loans just as fast. This way, you can find the best loan terms in less than 20 minutes of your time. Furthermore, the money is directly deposited into your bank account.
APR and Fees:
We chose payday lenders that offer standard interest rates of 3.59% to 35.99%. Therefore, you can find a reasonable loan in less than no time.
Loan Terms:
Another important consideration is the loan terms. We found loans that offer reasonable repayment terms. This way, you have enough time and funds to pay off your loan by the due dates.
Turnaround Time:
You can receive your money in less than 24 hours with an emergency payday loan. However, it’s important to have your bank account information available when you complete the loan request.
What Are the Best Online Payday Loans FAQs
Before you go, it’s essential to clear up any confusion you may have surrounding the best online payday loans. So, here are a few common questions we receive about payday loans.
Let’s jump in.
Final Thoughts on the Best Payday Loans Online Same Day
Payday loans have helped millions of people just like you. So when unexpected expenses arise, it’s comforting to know there are several debt relief options in the form of online payday loans.
Best of all, the lenders listed above offer rapid approvals, and you can receive your money in less than 24 hours. Lenders like MoneyMutual have an extensive lender network. These payday loan services will match you with the best potential lenders based on your financial situation and needs.
However, finding loan terms you can realistically pay off is important. This way, you won’t add additional stress and financial burden on top of your unexpected initial expenses.
Choose the best payday loans online that accommodate your personal financial situation, based on the guidelines above.
A linguistic engineer who writes to solve problems. Ahad is a cybersecurity, blockchain, and business writer who often takes on art, politics, and economics too. He’s written for various tech publications and has reviewed quite a lot of software over his career. When he’s not writing, he’s probably on horseback, caring for his houseplants, or training Bonsai trees.
