Payday loans online are short-term, high-cost unsecured loans, usually repaid on the next payday or within 7 – 30 days, used for short-term financial needs and to cover emergencies. Their legal status differs from state to state. If approved, the money is funded to the bank account on the next business day.
Payday loans should only be used in order to cover the costs of emergency expenses between borrower’s pay periods. It is a good option to pay for unforeseen medical bills, urgent car repair, home emergency repairs, or other unexpected short-term financial needs.
Customers should only use loans as a last resort. It is not recommended to apply for an online payday advance if you may not afford to pay back the loan amount and related interest and fees on the due date.
Online payday loans typically range from $50 to $1,000, depending on the state you reside in. Payday loans are usually offered for up to 31 days, or until your next paycheck. However, the loans’ minimum and maximum terms differ from state to state. With an installment loan, you can get a transfer of up to $5,000.
The loan fee is from $15 to $30 per $100 borrowed. You can learn more about payday loans’ rates and fees here. If you need a larger amount of money or different terms than payday loans offer, you can look into some of our other lending options.
An online cash advance loan is a financing alternative that works faster and easier than a traditional bank. Here are the main advantages of payday loans online:
To be eligible for a payday loan, the applicant must:
If you can check all these boxes, your chances to get cash approval from a payday lender are good. Also, a good credit score is not a must to be eligible for a payday loan.
The application process is easy. Simply fill out our payday loan form with your personal and employment information, and wait for the instant decision. It will take only a few minutes. The process is safe and secure; your data will only be used to match you up with payday lenders which don’t perform a hard credit check.
At OnlineLoansYouNeed, we’ve spent years building the best network of licensed direct payday lenders to serve you. Many of our customers have been working with us again and again because they know the process of applications. It’s simple, safe, and designed to be the solution you can turn to when unexpected things happen.
Our entire team is committed to exceeding your expectations when offering you short-term loans to cover your cash needs. We’re passionate about excellent customer service and making the best safe online payday loans available for you when you need money most.
A payday loan application requires just a few simple steps. First, the consumers must complete and submit the form for a loan online. This takes no more than a few minutes. Afterward, the payday lender will run alternative credit checks, and the borrower will get an instant decision. If the application is successful, the applicant must accept or reject the terms and conditions provided in the agreement. Next, if the loan's terms as interest rate (APR), fees, payment plan are accepted, the individual has to sign the loan agreement. The funds will be deposited directly into the borrower's active bank account the next business day (or the same day if the application is sent before noon). Banking holidays may delay the loan's funding by one day.
Usually, on the due date (with the next paycheck), the online loan amount and fee are automatically withdrawn from the borrower's bank account.
Also, some online direct lenders may offer additional payday loan repayments options, including online through the lender's website, a postdated check when you apply or a check on the next payday. Use lender's customer support if you want to access other repayment options for your cash advances.
Our online loans are safe and we never share sensitive application information with third party. We're required to meet strict banking and customer data privacy regulations. All of the details you enter into our site is confidential and protected with advanced cybersecurity solutions. The only way we share your data is by working with our network of licensed lenders to find you the best terms, rates and fastest money transfer available.
As an alternative financing source to short term payday loans online, OnlineLoansYouNeed also offers lines of credit. An online line of credit is a more flexible borrowing option than a payday loan online. It is generally more suitable if a person requires more flexibility. The borrower can access any portion of his line of credit at any time, up to the maximum available amount. Installment loans are also other alternative lending products. They are borrowed for longer periods and repaid in monthly installments.
However, the best payday loan alternative is not borrowing at all. Consider building emergency funds, smart budgeting, and controlling your spendings to avoid emergency financial needs.
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OnlineLoansYouNeed is not a lender and therefore is not part of any decision making associated with lending or offering loans.We are an online service that connects borrowers and lenders. We do not charge any fees for this service. The user has the right to review the terms and condition before accepting any loan product or service offered. OnlineLoansYouNeed does not endorse any particular lender. We don’t store or access information about fees and charges associated with any loan offers. Not all states allow short-term loans, so the potential borrower needs to check that information. OnlineLoansYouNeed cannot guarantee that a user of our website will be approved for any loan product, nor can we ensure that you will be connected with a lender, or if they will provide you with a loan as per your online form request. Loan products can vary in their terms and conditions and can depend on numerous factors. These may include but not be limited to your state of residence and your credit standing as well as the terms applied by individual lenders.