Best Payday Loans Online : Top 5 Lending Platforms Of 2022 For Emergency Loans With Bad Credit | Get Instant No Credit Check Loans Guaranteed Approval

If you’re searching for the best online payday loans, congratulations, you’re in the right place. This review contains relevant information on each of the top payday loans for an emergency.

Sometimes, we get caught up in the web of life and need some emergency funds to bail us out. It could be a house renovation, car repair, holiday, medical bills, or family issues. Whatever the problem, all these conditions require money. Not everyone is lucky to have some bank savings they can rely on, and in this situation, a loan is the only way out.

However, it’s not just about getting a loan, the speed with which you acquire loans matters. These loans are short-term funds that always come in handy. Unlike traditional banks, where you have to fill and sign various forms, including collateral and wait for days before accessing the loan, online payday loans are different. You do not have to go through any stress before obtaining an emergency fund.

Plus, these loans do not require a credit score check. Even if you have bad credit, you’ll still qualify. You get access to various lenders, thus comparing different loan options and choosing the best for you. Also, there’s no need to step out as you can quickly request a loan from the comfort of your bed. How easy can that get?

However, finding the best reliable online payday loans can be challenging, especially with the current high rate of online fraud. This is why we’ve done the hard work for you and researched the best payday loans on the internet. We’ve also included additional tips to help you if you want to carry out personal research. We’ll guide you through our research process and give you a comprehensive review of these companies.

Our List Of Top 5 Payday Loans Online

  1. MoneyMutual – Overall Best Payday Loans Online, Editors’ Choice
  2. FundsJoy – Top Rated Lender For Poor Credit Scores
  3. Bad Credit Loans – Most Recommended For Bad Credit Loans
  4. CashUSA – Popular For Instant Cash And Quick Approval
  5. Personal Loans – Best Personal Loans With Low Interests

#1. MoneyMutual– Overall Best Payday Loans Online, Editors’ Choice


MoneyMutual was established in 2010 and offers a platform that connects borrowers with lenders. The company recognizes that 40% of Americans would not be able to fund their needs in an emergency. Therefore, they’ve created a platform to solve the needs of many people. The website offers an easy, accessible, quick, and safe way to obtain loans. Plus, they do not charge the borrowers for these services.

MoneyMutual is transparent with its dealings, and because of this, over two million people have trusted the company for loans. Also, the company is a proud member of the Online Lenders Alliance (OLA). This regulatory body ensures best practices in the loan industry.

Getting started on MoneyMutual is easy as registration doesn’t take time. The best thing is that you get your money in under 24 hours. When you register, you get matched with different lenders, and you can pick the one with the best options. The website has a green icon at the top that notifies you of the number of lenders online.

The cash range you can obtain on this website is between $200 and $5,000. However, note that MoneyMutual doesn’t determine the rates and loan terms. Once you complete your application and send your form, you no longer have any business with MoneyMutual. Therefore, it’s up to you to read each lender’s terms and conditions before agreeing. Security-wise, you cannot be disappointed. MoneyMutual secures its website with 2048-bit RSA encryption to prevent hacks and infringements. Therefore, all your information is safe.


More Than Two Million Users: Since 2010, MoneyMutual has helped millions obtain loans. This shows that they have enough experience in the loan industry to give you a great experience. Also, with more than two million users, new customers can have confidence that they’re dealing with a reputable website.

No Charges: MoneyMutual doesn’t collect a dime from you. Instead, the company charges lenders that use the platform to connect with borrowers. MoneyMutual simply connects you with potential lenders that can offer you a loan. You’ll be repaying the money to these lenders. Before agreeing to any lender, check the terms and conditions.

No Credit Checks: The company doesn’t ask for credit checks before registering. If you have a bad credit score, feel free to apply. However, you must have a source of income, a valid checking account, be over 18 years and be a US citizen to qualify for a payday loan. The process is easy and smooth once you meet the necessary qualifications.

Loans Between $200 and $5,000: The lowest loan you can obtain on MoneyMutual is $200, while the highest is $5,000. This offers flexibility to users as they can easily select which range works for them. You do not need to borrow much if you need little funds, and you can get started on the website and get your funds within 24 hours.


  • No fees
  • Quick approval
  • Over 70 lenders
  • Member of OLA
  • Secured by 2048-bit RSA encryption
  • Over two million customers


  • Some loan options may be unavailable in your state

=> Click here to visit the official website of MoneyMutual

#2. FundsJoy– Top Rated Lender For Poor Credit Scores


FundsJoy is another online payday loan that simplifies your financial recovery with few requirements. They work by connecting you with the right lender. All you need is to submit an online request which takes a few minutes, and they’ll link you with different lenders. A bad credit score isn’t an issue here, as the company has made the whole process straightforward.

Like MoneyMutual, you can obtain loans between $200 and $5,000. This means that the platform is suitable for those looking for small loans. APRs for personal loans fall between 4.99% to 450%, APRs for cash advance lie between 200% to 1386%, while APRs for installment loans range from 6.63% to 225%. FundsJoy doesn’t charge any fee to use the website, and they are transparent in their services. The website is secure as they ensure that users’ information is safe from online threats.

Furthermore, FundsJoy answers the most commonly asked questions in the ‘FAQ’ section of the website. Check out this section if you’re having issues. Also, FundsJoy is open to suggestions and feedback, and you can reach them by completing the contact form on the ‘Contact Us’ page.


Quick Registration Process: The whole registration process doesn’t take more than ten minutes. After entering your basic personal information and submitting it, you immediately see different loan offers from various vendors. You can trust FundsJoy for high loan approval speed and reliability.

No Hidden Charges: The company is transparent in its processes as they do not have hidden fees or policies. While going through each lender profile, you can check their interests and rates to avoid surprises after the agreement. You can review their privacy policy and terms of use to understand how the company works clearly.

$200 to $5,000 Loans: Just like MoneyMutual, FundJoy is perfect for those seeking small loans. The loan ranges from $200 to $5,000, and they are easily accessible.

FAQ Section: FundsJoy comes with an FAQ section to answer users’ queries. Before you contact customer support, first ensure you check this section. You might see an answer to what you’re looking for. This section is available on the website’s lower part or by clicking the menu icon on the homepage.

Easy-To-Navigate Website: The FundsJoy website is clean, well arranged, and easy to navigate. It comes with a purple theme, and the letterings are well spaced and organized. Also, all the buttons are placed appropriately, making it easy to search for anything on the website.


  • Transparent
  • Fast approval
  • Various lenders
  • Affordable loan terms
  • Simple website interface
  • Your credit score doesn’t matter


  • Not for those seeking larger loans
  • Service is not available in all states of the US

=> Click here to visit the official website of FundsJoy

#3. BadCreditLoans– Most Recommended For Bad Credit Loans


In 1998, BadCreditLoans saw the need to help people struggling to come up with funds during an emergency. Since then, the company has been waxing stronger in the industry. BadCreditLoans acts as a bridge between lenders and borrowers like our first two picks. There’s access to different lenders and various loan types, and the loan amounts available range from $500 – $10,000 with an APR range of 5.99% to 35.99%. Plus, the loan terms vary between 3 to 72 months.

Completing the online registration form doesn’t take time, and BadCreditLoans charge zero fees to use the platform. Also, you have access to multiple loans once you meet the simple qualification criteria. There are no minimum credit scores as all credit scores are acceptable – be it good or bad. In addition, if BadCreditLoans cannot find a suitable lender within their network, the company will show you other loan ads to connect you with suitable lenders.

Furthermore, BadCreditLoans do not take the security of the platform for granted. The company uses advanced data encryption technology to secure users’ personal information. Plus, they carry out routine maintenance to ensure the security technology is up to date.

The company also makes an effort to update customers about how they can identify scams and avoid them. They do this by including articles relating to different loan scams on their website. If you have queries, their responsive customer support will promptly answer you. Just head over to the ‘Contact Us’ page for more details.


Informational Articles: BadCreditLoans does its best to keep users updated about the loan industry. They included a section where you can check how the company’s loan system works. This guide will help you navigate your way to successfully obtaining your first loan. Also, they have various articles on scams, so users can be informed and careful when dealing with online loans. You can find these articles on the lower part of the website.

$500 – $10,000 Loan Range: You can request a minimum loan of $500 and a maximum of $10,000. This loan amount offers users more flexibility in obtaining loans. Aside from flexibility in terms of loan range, you also have repayment flexibility. A loan length varies from 90 days to 72 months, and you can choose a lender with your desired loan term. For instance, if you choose a lender with the 72 months option, you have 72 months to repay the loan.

Multiple Loan Options: Customers have access to different loan options on BadCreditLoans. You can access loan options like personal loans, business loans, credit loans, and auto loans. Just choose the loan option that appeals to your current situation.

Loan Calculator: BadCreditLoans has a loan calculator that saves you the stress of calculating the loan amount and interest rates. This calculator can come in very handy when calculating your loan term. Although the loan calculator may not give the exact results, it is helpful to understand your monthly repayments.


  • Easily accessible
  • Adequate security
  • Various loan offers
  • Competitive market
  • 24/7 customer service
  • Information materials available


  • Not a direct lender
  • Users may receive different phone calls from lenders

=> Click here to visit the official website of BadCreditLoans

#4. CashUSA– Popular For Instant Cash And Quick Approval


CashUSA is one of America’s leading loan platforms that connects borrowers with an extensive network of lenders. The website provides users with fast, simple, secure, and convenient loan processes, and you can request up to $10,000. On CashUSA, the APR varies between 5.99% and 35.99%, and loan duration is between 3 to 72 months. However, note that CashUSA does not charge a dime to submit a loan application.

It’s easy to register on the website. Fill out your application form correctly, and you’ll be matched with lenders willing to offer you a loan. Before you agree on the offer, review the loan offer to decide if it’s the best for you. If not, you have the freedom to reject and review another lender’s loan offer.

The company takes pride in using the best possible measures to secure users’ information. With the help of secure files, computer safeguards, and up-to-date security measures, your information is safe. CashUSA is transparent with the way they operate. You can check out the privacy policy section on the website to see how they use customers’ information.

Also, customer support is responsive as they answer queries promptly. If you’re lost about any process, you can contact them through email, phone, or by submitting an online contact form on the site. Besides, they’re also available on social media platforms like Facebook and Twitter.


$500 to $10,000 Loan Amounts: Users can obtain loan amounts between $500 and $10,000. All loan requests get processed within minutes, and in as little as one business day, you get your funds. Also, CashUSA offers flexibility in terms of loan repayment. Depending on the lender, the repayment period varies between three months to 72 months, with an interest range of 5.99% to 35.99%. In addition, you can use any credit type to obtain loans on CashUSA, and the funds will be deposited directly into your bank account.

Education Center: This is an informational section of CashUSA. It consists of many pages of educational write-ups for CashUSA customers. Here, you can read different articles on finance and gain more insight into how the finance industry operates. You can read various topics on credit, debt, banking, and finance. Plus, you’ll get up-to-date financial tips that teach you how to spend your loan wisely.

Automatic Payments: Making payments on this website comes with ease. You do not need to send mailing checks or rely on a postal service as you can pay online. Additionally, the lenders on CashUSA allow you to set up an automatic payment for better convenience. You do not have to worry about missing payments using this auto-payment method. Once it’s the due date, your bank will automatically send the payment to your lender’s account. This method allows you never to miss a payment.

Bad Credit Acceptance: You do not need to worry if you have a bad credit score. CashUSA provides services to those with poor credit. Therefore, if you have been rejected elsewhere, you can quickly get a loan using CashUSA. This is a significant relief for those with a poor credit score.


  • Wide variety of lenders
  • Automatic payments
  • Accepts all credit types
  • Transparent loan offers
  • Considerable loan terms


  • No direct loans
  • Possible high APRs

=> Click here to visit the official website of CashUSA

#5. Personal Loans– Best Personal Loans With Low Interests


Personal Loans is one of the oldest online lending platforms. It was founded in 2001 and serves as a medium that links borrowers and lenders. The platform provides an easy and quick means to get loans. You enter your loan amount in the ‘loan amount’ box on the home page and provide correct information about yourself. After this, you’re immediately linked to several lenders waiting to offer you a loan.

On the Personal Loans website, you’re eligible for loans of $1,000 to $35,000, with an APR range of 5.99% to 35.99%. Like some other loan websites, the minimum repayment length is three months, while the maximum is 72 months. Your loan rate depends on the loan amount, credit score, history, etc. So, if you’re offered a loan, ensure you’re okay with the lender’s terms and conditions before consenting.

The company tries to educate its users through the site’s ‘loan guides’ section. You can check several pieces on debt consolidation, bad credit, online loans, and payday loans. The website is safe from external threats, and you don’t have to worry about the misuse of personal information. Personal Loans ensure transparency in their services. To know more about what the company does with customers’ information, check out its privacy policy to understand how they deal with your data.

Furthermore, Personal Loans is a proud member of the Online Lenders Alliance (OLA). The OLA ensures best practices among its members. Therefore, you can trust that you’re working with a platform that’s committed to high standards and provides the best possible experience for its users.


$1,000 to $35,000 Loan Requests: Personal Loans have a high loan range. You can borrow from $1,000 up to a max of $35,000. This makes the loan range flexible, and it’s suitable for those who need high loan amounts.

OLA Member: As a member of the OLA, you’re sure of a high-quality standard. This is so because OLA doesn’t tolerate low-standard services from its members. Therefore, Personal Loans comply with standard federal rules and laws on loans. This includes adequate protection of users’ information from cybercriminals. So, you can be confident in a safe and secure platform for your loans.

Loan Guide: Personal Loans is committed to making it easy for users. They’ve included a guide section that helps new customers to understand how the process works. The guide contains a comprehensive step-by-step process of obtaining a loan. So, fresh and potentially new users of Personal Loans can navigate to this section to get a good head start. Plus, the FAQ section answers several questions regarding the company’s processes.

Various Loan Types: While some lending websites offer only one loan type, Personal Loans offer multiple loan types. You can select from installment loans, peer-to-peer loans, or bank loans. Note that the credit score requirement and loan amounts differ for each loan type. More information about this is available on the official website.


  • High loan limit
  • Excellent customer service
  • Competitive rates
  • Multiple loan types
  • Available in all states of the US


  • Different phone calls from lenders
  • Some loan amounts may be unavailable in some areas

=> Click here to visit the official website of Personal loans

How We Made This List

We gathered a list of various payday loan websites, then narrowed down the list using some criteria. We removed illegitimate websites and included only genuine companies with good customer reviews. After this, we eliminated companies that always experience delays in disbursing funds. Also, we checked these companies’ security and privacy policies and got rid of companies without adequate security measures. We removed websites that aren’t transparent with their privacy policies so you don’t get entangled.

Furthermore, we considered the ease of obtaining loans and left only companies that made it easy to get loans. We checked for rates, fees, credit restrictions, website experience, and lender variety to narrow down our list. These and more are the processes we went through to sieve out the best payday loans for you. Let’s review some of these factors we searched for.

What We Looked For

  • Experience: In the loan industry, experience matters a lot. That is why we’ve left out new companies and only included companies that have spent time in the industry. These companies have learned the ropes and understand how to deal with customers because of their experience. Plus, we noticed that companies with experience have a better reputation and track records.
  • Transaction Speed: Any payday loan platform should be fast with the loan process; after all, loans are primarily for emergencies. Therefore, the companies in this review offer quick loan processing, and you can get your funds within 24 hours.
  • Interest Rates: We understand that online payday loans may require more interest than regular loans. However, these interests should be reasonable and not outrageous. Therefore, we eliminated platforms with excessive interests, leaving us with companies with reasonable interests.
  • Platform Security: Security is essential, especially when dealing with finance. The personal data you enter on these platforms need to be secure. All the companies on our list use the latest encryption technology to protect customers’ information. In addition, we ensured these companies carry out routine maintenance on these websites. All these measures are put in place to ensure no hacks or breaches.
  • Transparency: While trying to borrow funds, you may become vulnerable. Some of these loan companies aren’t transparent in their dealings. Some promise reasonable rates but have hidden policies, thereby causing more pain for you. As a result, we checked each company’s policies and ensured they didn’t have hidden charges. After a thorough review, we’re confident our top five selections are transparent throughout the loan process.

Buying Guide: Factors to Consider Before Choosing Online Payday Loans

We may have provided you with a review of our top five online payday loans selections. Nevertheless, we must guide you if you need to conduct personal research. Therefore, as a newbie in the loan industry, you’ll need some helpful tips to help you effectively search the market and make the right choices.

Here are some critical factors to consider when choosing online payday loans:

  • Company Reliability

If a company is legitimate, it doesn’t necessarily mean that it’s reliable. To check for reliability, you can check the number of years the company has been operating. This is a good reliability test because those companies have stood some tests to continue existing. Although some new websites may be reliable, companies with some years of existence are often better. Also, you can surf the internet to check for reviews. If you notice any sign of unreliability, you should keep away from the company.

  • Payment Rates and Terms

While checking for reliability, you’ll want to be sure you’re not exploited. Some companies offer outrageous loan repayment terms and interests. Therefore, review the loan terms and rates before signing any lender agreement. Also, some lenders are strict with their loan terms. In this case, you’ll need to make your monthly repayments in due time without excuse.

However, if you’re unsure you can repay within the due date, ensure you choose a company that offers more flexibility with its loan terms. You can easily ask for an extension if you can’t meet up, and they may grant you. However, note that this may attract some extra fees from the lender.

  • Ease of Application and Quick Funding

You do not want to be stuck with a loan platform that delays payments. After all, the essence of an emergency fund is to provide fast financial support. Do your research and ensure any online payday loan offers quick payments to your bank account. Many typically pay within one business day. Also, the loan application process shouldn’t be complex; it should be a seamless experience for everyone. Online reviews and ratings can help you know if a loan company offers easy and fast loans.

  • Privacy and Security

You’ll likely be asked personal questions when registering on any loan website. Sadly, some loan websites steal and sell such data to the highest bidder. This is why you should confirm if any website you’re choosing is secure. Check out the website’s security information. One fundamental way of checking for this is to check if the website starts with ‘HTTPS’ instead of ‘HTTP.’ Also, check if they have updated security measures to curb cybercriminals. Reputable websites have a privacy policy that explains everything they do with your information.

  • Customer Centricity

Any good loan website will care about user experience. For instance, some loan companies will include relevant articles to guide you through the process, and it may also include informational pieces to help you stay informed about the industry. In addition, good loan companies will ensure their website is easy to use and doesn’t pose difficulties for users. If you notice a poorly arranged loan website, it’s in your best interest to refrain from such a company.

FAQs Regarding Payday Loans Online

  1. What is a payday loan?

Payday loans are short-term loans that an individual borrows within a short time. Payday loans are one of the fastest means of getting a loan, and they’re ideal for those with poor credit scores. However, these loans have higher interests than regular loans. Also, payday loans are meant for situations of financial emergency. Therefore, if you’re not in dire need of financial support, payday loans are not for you.

  1. Can I get a payday loan with a bad credit score?

Yes. We’ve already mentioned it many times in the article. Most lenders are willing to offer you a payday loan even with a bad credit score. However, these loans come with higher interest rates and fees because you’re a risky borrower. The FICO rating system categorizes a bad credit score between 350 and 580. If your credit score falls within this range, you have a bad credit score. However, you can improve your bad credit score by paying up your loans on time and having a credit utilization rate under 30%.

  1. Can I obtain an online payday without a bank account?

You’ll need a checking account for the lender to deposit your funds. Although some lending companies may have offline stores where you can physically receive your cash, online payday loans are different. A valid checking account is essential for the lender to deposit your funds and receive payment on the next repayment day. If you don’t have a checking account, you may use a savings account. However, not all lenders accept a savings account.

Besides, to be eligible for an online payday loan, you must be at least 18 years and a US citizen. Also, you need to earn a considerable income and have a valid email address and phone number. However, you should note that although these requirements are compulsory, meeting them isn’t an assurance that you’ll get approval.

  1. Are payday loans under regulation?

Yes, payday loans are regulated by the US states’ laws. In areas where they’re not under any ban, the loans cannot exceed an average APR of 36%. Payday loans fall under permissive states, restrictive states, and hybrid states. Lenders charge high APRs and interest rates in permissive states, thus, giving many lenders enough freedom than other areas. About 27 American states are permissive.

Meanwhile, in the restrictive states, payday lenders are under strict laws. These states usually ban any form of payday advance. About 14 American states are restrictive. The hybrid states are not as strict as the restrictive states and not as liberal as the permissive states. In addition, hybrid states regulate the number of loans you can obtain, and you can repay your loan in different repayment intervals.

  1. Can I obtain another online payday loan after getting one?

You can apply for another payday loan after obtaining one. Many states do not ban multiple loans, but some states limit the number of online payday loans obtainable. Also, you should note that you’re unlikely to get a subsequent loan on your existing loan from your current lender. Even if it happens, you’re likely to get tougher conditions. Therefore, it’s not advisable to get a subsequent loan over your existing loan because more loans mean more interest. If you aren’t careful, you may be left with a mountain of debts to repay.

  1. What differentiates online payday loans from online personal loans?

Online payday loans are fast ways to obtain emergency funds, and people don’t usually need a good credit score to get one. However, payday loans are more costly than traditional loans because the lending companies take more risks and compensate for this by increasing the interest rates.

Online personal loans are less costly, even if you have a poor credit score. A common problem many people encounter is that the transfer of funds to individual accounts may take longer. Plus, this type of loan is usually more challenging to obtain with bad credit.

  1. How can I spot fake payday loan sites?

Spotting fake loan websites isn’t difficult. The first thing to check is the website URL. If it begins with ‘HTTP’ instead of ‘HTTPS,’ that’s a red flag, which means the website is not secure. Also, check for signs of disorganization. Reputable companies will ensure their websites are well organized, thus, making it easy to navigate the website.

Furthermore, good companies will include how you can reach them. If you spot any website without customer support, that’s a big red flag; run from such. In addition, you can google the company and check for online reviews.

  1. How much money can I get with payday loans?

The amount of money you can get with online payday loans differs from lender to lender. Some lenders offer large money limits, while some provide low cash limits. For example, MoneyMutual provides a minimum of $200, while its maximum loan is $5,000. This makes it ideal for those who don’t want large sums but little funds to sort out themselves. Other websites like Personal Loans have a high loan limit of $35,000, thus, making it ideal for those seeking larger sums. Whatever the case, ensure you confirm the loan limit before you agree to the terms.

  1. How fast can I get approval with payday loans?

Payday loans are fast means of getting a loan. The registration process usually takes less than ten minutes. And if you qualify for a loan, you can get approved instantly. Others may take up to 24 hours before you receive your funds. However, if you get approval and it’s taking too long, you should contact the customer support of the loan company. They’ll help with whatever issues you may have regarding your funds.

  1. How do online loan platforms make money?

Although most online payday loan platforms do not charge you for using their platform, they still make money. When you submit your information on the website, these platforms collect your data and share it with lenders that will offer you a loan. If the lender wants to provide you with a loan, they pay a commission to the loan marketplace. The order in which these lenders appear may be related to the amount they paid to get into the offer list. Also, the loan marketplaces may display ads, which is another way they make money.

Payday Loans : Conclusion

Emergencies happen, no matter how careful we are with our funds. In situations like this, you may need an online payday loan. Our top selections are very reliable and fast, and in as little as one business day, you get your funds. If you’re concerned about your bad credit score, it’s no hindrance. These top five online payday loans will offer you a loan even with a poor credit score.

Furthermore, we’ve included a buying guide in this review to help you in your research journey. If you want to do your research, ensure you check this section. When you obtain a payday loan online, ensure you repay on time to prevent more complications. To help you, some lenders have an automatic payment feature to assist you in making prompt repayments.

We have also answered some general questions in this review. Check them out; your questions might have been answered there. If yours is still unanswered, contact the company’s customer support, and they’ll promptly attend to your issues.

The news and editorial staff of Sound Publishing, Inc. had no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

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