Best Online Payday Loans: Top 4 Direct Payday Lenders For Emergency Loans & Personal Loans|2022’s Best Payday Loans Near Me

Regardless of how small the amount required may be, financial emergencies can take a toll on you when you lack the means of meeting them. In such circumstances, it is always good to have trusted providers of the best online payday loan. They can help you help settle bills on time, afford groceries, and pay for the necessary living items without stress.

Online payday loan platforms offer short-term loans to users through partnerships with trusted money lenders. Acquiring an online payday loan rids you of the tiring process of searching for lenders around town. You can complete the application process from the comfort of your home. Once you submit your online application, the platform matches you with recommended lenders willing to lend you money.

Why are payday loans so attractive? For starters, they are easily accessible. Online payday loans are approved quickly without a credit check, and funds are available the next business day via direct deposit into your bank account. Getting a payday advance online is easy, but borrowers need to be careful. Without experience or knowledge of securing a payday loan online, you stand at risk of signing dubious contracts or falling victim to an outright scam. As a result, this article has ranked the best online payday loans platforms that are reliable, efficient, and uncomplicated.

Top 4 Picks For Best Online Payday Loans

  1. MoneyMutual:Overall Top Online Lender For Best Online Payday Loans
  2. BadCreditLoans: Best Payday Loans For Bad Credit, Runner Up
  3. CashUSA: Best For Quick Loans and Cash Advancement
  4. Personal Loans: Best Interest Rates On Personal Loans With Guaranteed Approval

1. MoneyMutual: Overall Top Online Lender For Best Online Payday Loans


MoneyMutual began in 2010 as a platform that connects short-term lenders with prospective borrowers. According to the Economic Well-Being of U.S. Households Report, 4 in 10 Americans cannot come up with $400 in an emergency, and almost everyone has a hard time making ends meet at some point.

MoneyMutual, on its official site, states that they “feel a duty to provide individuals with a resource they can use to find solutions to the financial challenges life can bring and a responsibility to elevate best practices and education in the short-term lending industry.”

With a network of over 60 unique lenders, MoneyMutual directs you to local loan providers for short-term loans, installments, bad credit, and other loans. Users visit the website, fill out the necessary forms, then access the lending institutions on the MoneyMutual network. It is less strenuous than visiting an individual loan site and completing it over again.

MoneyMutual allows borrowers to expand their network and potentially receive loan offers much faster. They work exclusively with short-term lenders. Therefore, the website is an excellent way to get a short-term loan quickly if you have to pay a bill that could cost you a late fee. Helping people find money in an emergency is what MoneyMutual is all about, connecting them with short-term loans of up to $2,500 from the lenders market it handles.

It is a simple online loan application form that takes about five minutes to complete, and an online lender can approve your loan in minutes. Additionally, over 2 million users trust MoneyMutual for short-term loans needed for emergency expenses, vacations, unexpected bills, and more. They are proud members of the Online Lenders Alliance, dedicated to promoting best practices and education in the short-term lending industry.


Good Reputation: MoneyMutual has received over 2 million positive reviews from satisfied customers. Consequently, from most reviews, the most attractive feature of this site is the availability of installment payments, credit loans for bad credit scores, and payday loans.

Easy Accessible Website: MoneyMutual’s online platform is user-friendly and non-tech-savvy users can easily visit the website and apply for a loan. In addition, the site provides a clear description of the process it uses in connecting users with suitable lenders. MoneyMutual searches through a network of over 60 short-term lending companies redirecting the borrower to the lender website and setting up a loan agreement.

Terms and Conditions: With more than 60 lenders, MoneyMutual connects borrowers with lenders based on specific needs. These lenders accept loan requests ranging from $200 to $5,000. MoneyMutual acts as intermediaries between borrowers and lenders and bears no responsibility for the lender’s terms. Instead, lenders set interest rates and fees based on the factors mentioned.

Transfer of Loans: Moneymutual offers the fastest and most convenient funds transfer process in the market.


  • No additional fees to make use of MoneyMutual
  • Easy approval process
  • They approve loans within minutes/hours
  • Easily accessible site
  • Reliable and trusted by over 2 million users
  • Safe and client information protected


  • No protection in the event of a loan default
  • Loans aren’t available in all states

⇒ Visit the Official Website of MoneyMutual

2. BadCreditLoans: Best Payday Loans For Bad Credit, Runner Up


Like most of the brands on this list, BadCreditLoans’ target market is persons seeking loans but lacking a good credit score. However, this brand does not dole out money directly to borrowers. Rather, BadCreditLoans provides a free service that connects you with lenders who are willing to overlook your credit status to give you a loan. You, however, have no obligation to accept the loan offers.

Some of the lenders in this network offer lines of credit in addition to standard loans. Credit lines may be the ideal means of consistently drawing quick cash to deal with emergency needs. This sort of financial assistance is not only preferable to a payday loan, but it also allows you the opportunity to improve your credit score.

BadCreditLoans prioritizes partnerships with ethical lenders and educates its customers throughout the process. Its website employs modern encryption technologies to protect your personal information.


Application Process: Filling out the online Bad Credit Loans application takes less than five minutes. Once completed, Bad Credit Loans will find multiple lenders who meet your requirements and email you their proposals.

Eligibility: You must be a U.S. citizen of at least 18 years with a stable source of income and bank account to qualify for a loan from Bad Credit Loans.

Customers Review: The bulk of the BadCreditLoans reviews are positive. Customers praise the exceptional customer care available 24/7. They also commend the site’s speedy response times and ability to fund your account within 24 hours or less.

Privacy and Customers Security: BadCreditLoans places a top priority on the security of customers’ information. As a result, they employ powerful encryption technologies to prevent data breaches on their website. They also use password-protected files and servers with the necessary safeguards that adhere to all privacy regulations. These features make the platform safe and secure for users.

Transparency: BadCreditLoans is transparent about its activities, the loan application process, rates, and fees. The information is provided in a fairly organized manner that makes it easy to access. They are also open about the fact that they may link you up with Tribal Lenders. Using them may result in added fees and higher APRs.

Repayment Plan: The platform works with a network of lenders, and the payment terms depend on the lender you choose. Lenders of bad credit loans want their loans refunded in three to 36 months on average. Most lenders charge 1% or more in origination fees, as well as additional closing fees. That is why we always advise against signing a loan agreement without reading it and understanding it thoroughly. Failure to do so may make you liable to pay additional unforeseen costs hidden in the contract.


  • Personal loans for people who have a credit score of 500 or less
  • No collateral is required
  • There are no application fees
  • Competitive APR
  • Informative and user-friendly website
  • Helpful customer service
  • Multiple lending options that include business loans, student loans, and car loans
  • This platform can disburse loans to borrowers within minutes


  • Users must provide personal information for the application
  • Persons with a credit score of 500 or lower cannot borrow more than $1,000

⇒ Visit the Official Website of BadCreditLoans

3. CashUSA: Best For Quick Loans and Cash Advancement


CashUSA is currently among the most popular payday loan providers on the market. It is also one of the most reputable cash lending sites in the United States. The platform analyzes the information you submit, using it to decide on the most suitable lenders from its vast network of lenders and third-party lending networks. Additionally, the company is open about its practices and how it operates.

The website does more than connect customers with lenders. It also gives information on various finance-related topics, including debt calculation, credit score, budgeting, student loans, and more.

However, loans offered by the CashUSA lender network are smaller than most of its competitors. They range from $500 to $10,000, depending on the lender’s financial status and state of residence. The repayment time frame ranges from 90 days to 72 months, with interest rates offered by its lenders ranging from 5.99 percent to 35.99 percent. The website gives an example of how much a $1,500 personal loan with an APR of 7.9% over two years would cost. Each of the 24 monthly installments would be $67.77, totaling $1,626.54 repaid. Borrowing $1,500 over 2 years costs around $126.

CashUSA provides online payday loans with same-day money transfers, allowing consumers to acquire the money they need in as little as 24 hours. CashUSA also supports an electronic payback mechanism between lenders and borrowers. The loan provider withdraws the agreed-upon repayment amount from the same account where they put the loan funds. As a result, it can assist with any financial emergencies or other issues.


Annual Percentage Rate: Because CashUSA is an online lending marketplace rather than a direct lender, it does not disclose the total annual percentage rate (APR). The quality of information you submit in your loan application, creditworthiness, state, and the lender determine your APR. The annual percentage rate (APR) for short-term loans ranges from 5.99 percent to 35.99 percent.

Website: CashUSA takes pride in providing a user-friendly, straightforward, and easy-to-navigate website. They provide content to assist consumers in better understanding their finances and instructions on applying for a loan using their platform. Their encrypted website ensures the privacy and security of users’ data. As a result, you may give the website your financial and personal information with confidence, knowing it is secure.

No Hidden Fees: There are no fees associated with completing and submitting the online form on CashUSA’s website. However, the interest and fees charged by the lenders will typically be more than those set when taking out a regular loan. CashUSA is unable to predict the exact fees or penalties that the lenders will impose.

Customer Services: Customer care is available 24 hours a day, 7 days a week. The site earns high ratings for its customer care’s speedy response time and ability to resolve issues.

Privacy and Security: CashUSA utilizes high-level security measures to protect users’ data and requires the same standards from third-party lenders with whom they share your data. All these measures help safeguard customers’ information and prevent data breaches.


  • After one business day, funds may be available
  • Connects lenders and borrowers within minutes
  • Application is quick and straightforward
  • There are no credit requirements
  • Protects the personal and financial information of users by encrypting it
  • Before accepting a loan, you can compare offers


  • No Mobile app
  • The least loan amount is $500

⇒ Visit the Official Website of CashUSA

4. Personal Loans: Best Interest Rates On Personal Loans With Guaranteed Approval


Right from inception, the goal of PersonalLoans.com was to provide an easy and convenient way for consumers to access personal loans through diverse funding options, a network of lenders, and third-party lending networks. The platform is best suited for persons who are seeking emergency loans to solve immediate needs.

As an emergency lending platform, Personal Loans prides itself in providing speedy access to credit. Borrowers may be fortunate to get a loan approval within minutes. The loans available vary from $1,000 to $35,000. Payday loans, on the other hand, maybe restricted to smaller amounts.

This Utah-based online payday loans platform has longstanding experience in the field, earning positive reviews for its services. In addition, Personal Loans provides access to lenders willing to work with bad credit borrowers who require cash for an emergency. Their specialty is in smaller short-term loans, which are easier to repay.


Types of Loans: There are 3 types of loans available in Personal Loans. They include peer-to-peer, personal installment loans, and personal bank loans. You will be directly connected to the lender if you choose a peer-to-peer loan. The significant difference between personal installment loan and peer-to-peer loans is that the former matches borrowers with a financial institution. Finally, if you take out a bank loan, the bank will transfer the funds to you. The entire process of applying for each of these loans is the same.

Due Payments: Clients who are unsure of payment dates should find lenders that do not take advantage of consumers who can’t pay. Personal Loans encourage consumers and lenders to be lenient. Hence, if you think you’ll be late on a payment, simply call the lender and ask for an extension.

Loans Amount: Personal Loans connect borrowers with lenders who can provide high loan amounts of up to $35,000.

Eligibility: Users must be at least 18 years old and have a social security number to be approved for a loan. They must also be a United States citizen with a banking account in their name.

Quick Deposits: Online Personal Loans strive for fast deposits, and funds are usually deposited in the borrower’s account the next day. Deposit times, however, may vary depending on lenders and the user’s financial institution. If you need the money for an emergency, it’s a good idea to choose a lender that offers quick deposits.

Clients Privacy: Personal Loans ensure the security of users’ personal information. The platform employs strict security measures to prevent unauthorized access. They make use of encryption services to prevent hackers from gaining access to users’ data. In addition, other measures, such as computer safeguards and secured files, are taken to increase privacy.


  • Quick funding time
  • Security measures and Information protection
  • There are large loan amounts available
  • Loans are available from a variety of lenders
  • The online procedure is quick and easy


  • Not a direct lender
  • There are numerous eligibility requirements for personal loans
  • Bad credit scores may not be eligible for a loan or incur higher interest rates

⇒ Visit the Official Website of Personal Loans

How We Made This List Of Best Online Payday Loans?

To ensure dependability and trustworthiness in these online payday loans platforms, we started by drawing out a list of popular brands amongst borrowers.

We carefully researched and scrutinized the modus operandi of each platform. Our methods involved investigating features such as customer reviews, eligibility requirements, loan terms and conditions, transfer funds, and more. We used these results to cut down the platforms on our list to the few which met the highest standard.

We then narrowed our list further to end up with the 4 best platforms for online payday loans. These top 4 companies have a history of excellent service, reliability, trustworthiness, privacy, and security.

What We Looked For Best Online Payday Loans

When reviewing the platforms on our extensive online payday loans list, we judged each service provider on the following metrics:

  • Experience: We considered the reputation of the brands and how long they have been in business. We discovered that brands in the business longer tend to have a better reputation and track record.
  • Speed of Transactions: People need emergency funds in the heat of the emergency and not when it is over. Thus, we considered how swiftly these platforms process applications and disburse funds to potential borrowers.
  • Privacy and Security: To access loans on these platforms, you must divulge personal information. Therefore, we looked at their user data protection measures, terms and conditions, and privacy policy. With several scam platforms on the internet, we ensure we give you some of the most secure online payday loan sites out there.
  • Loan Offered: We also review how much a person could access each platform by examining the highest and lowest loan amount and applicable interests.
  • Repayment Options: Our research reviewed whether the process of repayment is convenient and the payment timeframe.

Based on these criteria, we present a detailed review of our four best online payday loans platforms that are trusted and reliable.

Important Factors to Remember Before Picking Online Payday Loans

If you live paycheck to paycheck, you would probably be short on cash if there’s a sudden emergency. In such a situation, you might start searching for online paydays loans for a quick cash advance. However, you need to move with caution when going for an online payday advance.

There are hundreds of lending companies on the internet with many mouth-watering offers, and you might end up getting scammed if you’re not careful. We compiled this guide section with your safety in mind. We aim to help you differentiate the legitimate lenders from the fakes.

Here are key factors to consider:

The Brand Reputation

Brand reputation is probably the most crucial point to consider when choosing a lending service. If six out of five persons say a particular lending company is terrible, then they might be harmful, and you should reconsider your options. Reputable lenders are those with impressive customer support, a user-friendly platform, and an easy application process. Furthermore, such lending sites do not have hidden fees you should be wary about, extinguishing any chances of being scammed.

Repayment Duration

Knowing when your lender expects you a repay a loan is crucial. Payday loans are usually short-term, so you don’t provide a personal asset as collateral. The repayment period on these loans is dependent on the requested loan amount. In states that practice hybrid lending, lenders must set multiple repayment periods. This rule doesn’t apply everywhere. Most lenders ask for repayment within 14-30 days of loan disbursement.

Some lenders also permit you to roll over the repayment into a fresh period. Rolling over repayment does not waive any existing charges, interests, and fees that the loan has already accrued. Always ensure that you can meet the lender’s demands before securing a loan on the platform to avoid pressure or ending up in a debt trap.

Lender’s Terms and Conditions

When was the last time you read the terms and conditions on a website before you hit the sign-up button? Chances are you don’t. However, it would do you good to go through your lender’s terms carefully before signing a loan agreement. Such a contract should contain the repayment plan, financial charges, and other important clauses.

Interests Rates

We understand you need funds urgently. We also understand it’s in your best interest to take loans you can comfortably repay. Some lenders demand interest rates as high as 39%, while others take interest rates of 10%. Therefore, do some research for interest rates that work in your best interest.

State laws are a significant determinant of the interest rates charged for online payday loans. For instance, lenders based in hybrid states will demand lower interest rates than those other states. Additionally, if you have an existing payday loan and apply for another facility, it’ll come at a higher interest rate.

Maximum and Minimum Loan Amount

Naturally, the loan you need depends on your emergency. Therefore, you should have a good idea of the amount you need before searching for potential lenders. Loans of $500 or less are more accessible to process and transfer. Also, you pay low interest on such small amounts.

On the contrary, loans up to $2000 or more take longer to send, attracting higher interest rates. That said, it’s better to borrow small amounts because they’re faster to receive, and you pay less for them.

Annual Percentage Rate (APR)

An annual percentage rate calculates the percentage of the loan you will pay yearly for taking the loan. The annual percentage rate is comparable to the interest rate on loans. It covers the registration and origination fees that lenders charge potential borrowers. The APR is typically between 5% and 8%.

Before accepting a loan, it is best to conduct thorough research and discuss APR details with your lender. If you don’t, you might end up paying a lot more than you bargained. High APRs may cause you to miss an emergency in some cases. Conduct thorough research before accepting any loan offer to ensure you get one with the most favorable cost.

Frequently Asked Questions About Online Payday Loans

Q1. Are online payday loans bad?

No, online payday loans are not bad. Payday loans are a great way to get emergency funds in times of need. However, you should be careful because not all companies are trustworthy. Some online scam lenders run away with processing fees without providing loan support.

For that reason, you must do proper research before requesting a loan. Online reviews and real customer feedbacks are excellent places to start. Authoritative blogs review the most reputable online lenders. Also, seek verified customer reviews for an idea of their reputation and features.

Payday loans are legal in some states and illegal in others. In the United States, Payday loans are illegal in New York, Vermont, Colorado, North Carolina, New Hemisphere, South Dakota, Maryland, Montana, New Jersey, Massachusetts, Arizona, Connecticut, West Virginia, Arkansas, Pennsylvania, Georgia, and the District of Columbia.

With that said, thirty-one states in the U.S. permit high-cost payday loans. Three states allow low-cost payday loans; New Mexico, Maine, and Oregon. Several states prohibit this type of loan due to its high costs.

Q3. Do online payday loans report to credit bureaus?

No, online lenders do not usually report borrowers’ payment histories to credit bureaus. In addition, most payday lenders do not check your credit history before granting a loan. Therefore, your inquiry won’t reflect on your credit history when you apply for a cash advance.

Additionally, lenders refrain from reporting to credit bureaus because the process is costly and complicated. Payday lenders will need to go through complex steps to register with many credit bureaus. Also, maintaining these accounts comes at an additional cost.

Q4. Can I get a payday loan without proof of income?

Yes, you can get an online payday loan without proof of income. Payday loans are a type of unsecured loan that you can get without verifying your income or checking credit scores. This feature makes payday loans very easily accessible for those in need of emergency funds. Alos, if you are experiencing credit difficulties, we encourage you to seek credit counseling.

Q5. How do online payday loans work?

Online payday advances are short-term loans, usually spanning between 2 weeks to a month. They grant access to emergency funds on the condition that borrowers repay their debt when they receive their next paycheck. Lenders usually require borrowers to be U.S. citizens or own a permanent residency permit in the country. Also, all borrowers are expected to be at least 18 years and above before they can apply.

To apply for an online payday loan, you may need to provide information that includes your full name, address, and other necessary contact information, a checking account, including account numbers, Information about your employment status, and date of next paycheck

Some lenders request electronic access to the borrower’s account to collect repayment when the paycheck arrives automatically. In other cases, the borrower writes a personal check for the amount borrowed plus additional charges. Repayments can come in installments over an agreed period. If a borrower cannot repay the loan within the agreed timeframe, the borrower can repay the finance charges and roll over the loan to another agreed payment period.

Q6. Can online payday loans affect getting a mortgage?

Payday loans do not have a direct effect on your mortgage or remortgage application. However, some lenders may be cautious of mortgage applicants who have taken a payday loan within the past 3-6 years.

However, payday advance lenders do not usually report your payments to credit bureaus. Therefore, most advance funds do not appear in credit histories. But in cases of overdue repayments, a online payday loan lender may be forced to report a borrower to credit authorities. When this happens, the late repayment will be registered in your credit history and is visible when you apply for a mortgage.

Late repayment of a loan serves as a red flag to most mortgage providers and may lead to a rejection of your application. That said, an online mortgage will only affect your mortgage application when you don’t repay your cash advance loans on time.

Q7. Are payday loans bad for credit?

Payday loans do not usually affect your credit score, as most lenders don’t report to the three key credit bureaus. But a payday advance could leave a negative on your credit report if you default on your loans.

Q8. Are payday loans regulated?

Yes, US states’ laws regulate online payday loans. In states where they are not banned, payday loans are subject to an average APR not exceeding 36%.

Payday loans are placed under three (3) groups, as explained below.

Permissive states: In permissive states, lenders can charge high-interest rates (15% and higher). The APRs for these states are also high, giving lenders more freedom than other states in the United States. Up to 27 states in America are permissive.

Restrictive states: Payday lenders are subject to stringent rules in restrictive states. They usually have very high usury caps or completely prohibit all forms of payday advance. Fourteen states in the United States and the District of Columbia practice restrictive payday lending.

Hybrid states: These states are not as strict as the restrictive ones nor overly liberal like the permissive states. They allow payday lends demand interest rates up to 10% with APRs up to three digits. Additionally, hybrid states limit the number of loans you can take, and borrowers can repay their loans over multiple repayment periods.

Q9. Can I apply for another online payday loan if I already have one?

Yes, you can apply for a payday advance if you already have one. But in some states, the number of loans borrowers can take is restricted. Most state laws do not prohibit multiple loans.

Note that taking a subsequent payday loan on your existing loan is unlikely to come from your current lender, and it may come on worse terms. That said, it is advisable not to apply for a second or third loan if you already have one. Additional loans come at higher interest rates which might leave you with a mountain of debts.

Q10. Can I get an online payday advance with a bad credit score?

Yes, you can qualify for an online payday loan even with a bad credit score. This type of loan is easily accessible as bad credit score lenders do not check your credit histories. However, they come at higher interest rates.

Conclusion: Best Online Payday Loans

Emergencies can be a burden, no matter how minor. They can hurt you if you do not meet them on time. Online payday loans serve as a quick way to obtain cash to meet a variety of needs.

Using online payday loans online platforms is the best way to access emergency funds exactly when you need them. Our recommended platforms are user-friendly, with a solid reputation and friendly, transparent rates that ensure you do not get cheated or scammed.