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Best Online Payday Loans: 2022’s Top List Of Online Payday Lenders For Quick Cash & Same day Loans| Get Instant Cash Advance With Guaranteed Approval| Online Payday Loans Near Me

Running out of money a few days before payday is something we have all suffered. The situation becomes even worse when you can’t take out a loan due to your credit score. In these cases, some cash to get you to the next payday can be really helpful. That is what payday loans are for!

Payday loans can save you from the awkward situation of having to ask folks for money, even if you have an emergency or have to pay a bill. It does not matter if you have a bad credit score because payday lenders lend you money based on the next paycheck you will receive. Some even make it so that they can take the amount they are owed from your bank account as soon as the payment date arrives.

There are plenty of sites on the internet where you can get a payday loan. The problem here is that not all of them are to be trusted, and only a few have your interest at heart. To avoid lenders that are just looking to suck all the money from your account, you need to do ample research.

One of the more common problems with such lenders is that they charge a ton of interest on these loans. This higher interest covers the profit lenders would receive if you were borrowing for a more extended period. Of course, payday loans are a bit expensive compared to other loans because you have to pay them back quickly, so they charge a higher interest. However, there is a limit to the interest that lenders can charge so that you don’t end up owning more in terms of interest than you do the actual amount.

One good thing about these best online payday loans is that lenders usually do not check your credit history or even your ability to pay the loan. That means even if you were unfortunate enough that your credit score has fallen, it would not impact your ability to get a loan.

Since lenders usually don’t report payday credits to credit reporting companies, they should not affect your overall credit score. You can use these loans to bring up your credit score by using these instead of other loans. That way, you will still get that cash without having to worry about your score dipping even further and impacting your ability to do things like getting a mortgage later in your life.

4 Best Online Payday Loans Of 2022

After passing through our strict criteria, we narrowed the list down to four entries.

  1. MoneyMutual : Overall Top Lender For Online Payday Loans, Editor’s Pick
  2. FundsJoyTrusted Payday Lenders For Bad Or No Credit Check Loans
  3. BadCreditLoans : Best For Loans With Poor Credit Score
  4. CashUSA : Popular Direct Lender For Instant Cash With Guaranteed Approval
  5. PersonalLoans: Get Best Interest Rates For Personal Loans

#1. MoneyMutual: Overall Top Lender For Online Payday Loans, Editor’s Pick

MoneyMutual is a lending platform that connects folks looking to borrow money with potential lenders. The forum was introduced in the market in 2010 to help people find solutions to their financial problems while being responsible. So far, they have had an overwhelming response and continue to help people find compatible lenders.

To start looking for a loan, you have to fill a secure form provided by the website. After you have entered your information, the website shares the e-form with potential lenders. If a lender is interested in working with you, they will contact you and go over the terms and conditions for the loan. One thing to remember is that you are under no obligation to accept the offer. You can simply reapply for a loan after declining the offer you get.

It will not cost you anything to use the platform to get a loan. MoneyMutual charges lenders to connect them to you so you will not have to worry about wasting money on the platform. The website also comes with resources that you can use to learn more about payday loans.

Your information is already stored within a secure and encrypted network if you have used the service before. You can access that information by clicking on the option given on the website. All you have to do is confirm your identity.


Eligibility Criteria: As with any other lending platform, you need to fulfill a few requirements to apply for a loan. These include things like being 18-years old and a US resident. You will also need a checking account and a regular income. The minimum amount of money you need to be making is $800 per month. Please remember that these requirements are those of the platform. Lenders might have additional requirements.

Loan Amount: You can request a loan ranging anywhere from $200 to $5,000 depending on the lender. The lender might offer you a different amount after getting your request. However, it is completely up to you to accept that offer. After your loan is approved, you can get the funds as soon as 24 hours.

Website Security: The MoneyMutual website is as secure as they come. TrustedSite scans the website daily to ensure that there are no security risks. MoneyMutual has encrypted its website data using 2048-BIT RISA encryption. Your data is only shared with potential lenders to help you secure a loan. Plus, MoneyMutual is a part of the Online Lenders Alliance (OLA) and CFEF.

Customer Reviews: Customer reviews for the site have been mainly positive. The site boasts that there are more than 2 million people who have trusted them. In addition, the website has a dedicated section for client testimonials. The clients praised the speed with which they received their money. They also praised how streamlined the entire process was.


  • Easy, streamlined process
  • More than 130 lenders
  • 24-hour fund transfers
  • $200 – $5,000 loan range


  • Minimum income threshold – $800/month
  • New York and Connecticut not covered

⇒ Visit the Official Website of MoneyMutual

#2. FundsJoy: Trusted Payday Lenders For Bad Or No Credit Check Loans


FundsJoy is the market leader because it provides its customers with a safe, secure, and fast money transfer. They are a loan marketplace, like others, that can connect you with a large network of lenders willing to work with you regardless of your credit score. They provide a safe and secure link between lenders and borrowers.

FundsJoy offers a completely online application process that is both quick and simple. You’ll have everything you need to complete the application if you have your driver’s license and bank account information close at hand. The company acts as a medium between you and a number of lenders who will make you an offer of money. The issue is that not all money transfer providers in your state accept the standard payment method.

Overall, it is a great lending marketplace for people who are unable to obtain traditional bank loans. FundsJoy is, in fact, America’s largest provider of bad credit loans. They have minimal eligibility requirements on their website and can lend you up to $5000. To be eligible for a loan, you must be at least 18 years old, a US citizen, have a bank checking account, and make at least $800 per month.

According to the company’s website, the application process can take as little as a few seconds, and cash can be provided the following business day.


Eligibility Criteria: Before you can apply for a loan, you must first fulfill a few requirements on the platform. Please be aware that meeting these requirements does not guarantee a loan, and lenders may impose additional requirements. You must be an 18-year-old US citizen or permanent resident with a valid social security number in order to apply. You must also have a consistent source of income and a bank account in your name.

Loan Amount: If you have an emergency and need a large sum of money, FundsJoy is a good option. Traditional bank loans ranging from $100 to $35,000 are available. These loans have APRs ranging from 5.99 % to 24.99 %. These loans have terms ranging from 3 months to 72 months.

Website Design: When it comes to the website, it is extremely well-designed and simple to use. All information is accessible, and the interface is simple to use. Furthermore, the platform provides excellent customer support.

Customer Reviews: Customers were extremely pleased with how simple it was to apply for an online personal loan. They praised the website’s ease of use. They also appreciated the customer service, which was always available to answer any questions. They also appreciated how quickly they received the funds.


  • Significant loan range: $100 to $35,000
  • Available everywhere in the US
  • Quick fund transfer
  • Encrypted information


  • To qualify for the loan, the borrower must make at least $800 per month

⇒ Visit the Official Website of FundsJoy

#2. BadCreditLoans: Best For Loans With Poor Credit Score


The entry on our list is the BadCreditLoans website. The platform is an excellent way for you to connect with lenders when you need some quick cash. The website features both state and tribal lenders. Some lenders are ready to lend out a loan regardless of your credit score.

Getting started on the BadCreditLoans website is quite easy. All you have to do is fill in a form with your information. The form will be circulated within the network in the hope of getting a lender interested. If a lender is interested in lending you any money, they will contact you with an offer. You have to review the offer yourself and then decide whether or not you wish to go ahead. Rest assured that you are not obliged to accept any offer.

The platform only shares your contact information so that these platforms can contact you. Of course, you are free to decline these offers. After you have qualified for a loan, you can have the funds deposited in your account the very next day. You have to agree to the loan with an e-consent. You can do this via E-signatures or disclosures. In case you want a physical disclosure, you can get that too.


Eligibility Criteria: The eligibility criteria for the platform is very straightforward. You need to be at least 18 years of age and have proof of citizenship. You also need to have a regular income. It doesn’t matter if you are employed or receive social security benefits. It just has to be a regular income source. They also require a checking account in your name and a valid email address. You also need to provide both your work and home telephone numbers.

Loan Amount: The website states that you can get loans ranging from $500 to $10,000. The interest range can be from 5.99% to 35.99%, and the loan term can be anywhere from 3 to 60 months. BadCreditLoans does not decide the conditions or the amount of interest on your loans. However, they do give a rough estimate of the interest range. It is up to you and your lender.

Other Services: If you cannot secure a loan for any reason, the website puts you in contact with other options like credit repair companies. These can really help you bring your credit score back up and manage your finances. If you are worried that BadCreditLoans will share your sensitive information, you don’t have to be.

Customer Reviews: Looking at the customer reviews for the platform, we noticed that people were delighted with their service. They also appreciated the speed with which they were able to secure funds. The customer service is available 24/7.


  • Wide loan range: $500 – $10,000
  • 24/7 customer service
  • 24-hour fund deposit
  • No platform fees
  • No minimum income threshold


  • Low rating from Better Business Bureau
  • Credit Score affects loan amount and terms

⇒ Visit the Official Website of BadCreditLoans


CashUSA is another portal that connects people looking for money with people lending money. Their network of lenders is quite extensive. This large network increases your chances of getting a loan. Using CashUSA, you can secure loans in a short period. You might be able to get a loan even if you have a bad credit score.

The application process for CashUSA is both fast and extremely convenient. You need to fill the website’s secure online form. The lenders review your request based on that form. If they wish to lend money to you, they will contact you with an offer. You can review that offer to see if it is feasible for you. Depending on the lender, you might have to provide additional information. Once you finalize the contract, you will receive the money directly into your account.

In the unfortunate case that no one wishes to lend you a loan, the platform can connect you with debt relief services that can help you. You are not obliged to accept the offers. The website has a vast resource center that you can use for information on loan types and other things. The resource center can help you manage your finances better.

CashUSA utilizes the standard industrial level encryption to secure your information. You can rest assured that CashUSA only shares your information with potential lenders and other platforms that can help you. If a lender decides to connect with you, they have to pay a fee to CashUSA.


Eligibility Criteria: There are a few requirements that you need to fulfill to be able to apply for a loan through CashUSA. CashUSA dictates that you must be at least an 18-year-old US citizen or permanent citizen. Your monthly income must be $1,000 or above after taxes. You will also need a checking account in your name, as well as contact numbers and a valid email address.

Loan Amount: You can apply for a loan ranging from $500 to $10,000. CashUSA does not control the APR or loan terms. However, a rough estimate on the website places the APR range as 5.99% to 35.99%. The loan term ranges from 3 to 72 months.

Automated Repayments: One convenient feature with CashUSA is not having to mail in your payments or visit a specific location. The lender can simply deduct the due amount from the account where they first deposited the funds. The repayment is completely automated. All you have to do is make sure that your account has all the money necessary.

Customer Reviews: The customer reviews for CashUSA have been nothing but positive. Users praised the platform for their customer service and how the people in the customer service patiently walked them through the entire process. They were also happy with how quickly they received the money.


  • Loan amount: $500 – $10,000
  • Extensive Loan term: 3 – 72 months
  • Quick fund transfers
  • Secures personal information


  • High minimum income threshold – $1000
  • Lack of a mobile app

⇒ Visit the Official Website of CashUSA

#4.PersonalLoans: Get Best Interest Rates For Personal Loans


PersonalLoans is the last entry on our list, but it is in no way the least. This Utah-based platform is just the thing that people in need of money need. Like all the other entries on our list, this is a lending portal too. personal loan doesn’t lend you any money. It just connects you with those who can.

The application system is just like the other platforms. You fill a form, and lenders review the info on that form to decide whether or not they want to lend you any money. If they do, they come to you with an offer. If you agree to that offer, the lender will transfer the funds to your account.

Since the network is quite extensive, you have chances of receiving competitive rates. You can thoroughly review the terms and conditions before accepting the offer. If you feel uneasy, you can simply walk away without taking the contract. You can use the platform without paying a cent. However, the lenders can charge you an origination fee. They are obliged by the law to disclose any fee they might charge, so be sure to understand everything.

The PersonalLoans network also contains tribal lenders. Tribal lenders can not be subjected to state laws and often have higher rates. So be sure to check which lenders you choose.

You can also find resources on the website that will let you explore all your options. Refer to the guides here to see what sort of loans you will be getting. If you need more significant amounts, this is the platform you can use.


Eligibility Criteria: The platform has a few requirements that you need to fulfill before you can apply for a loan. Please be advised that fulfilling these requirements does not guarantee a loan, and lenders may have other conditions. You need to be an 18-year-old US citizen or permanent resident with a valid social security number. You also need a steady income and a bank account under your name.

Loan Amount: PersonalLoans is a good choice if you have an emergency and require a large amount. You can request traditional bank loans ranging from $1000 to $35000. The APR for these loans ranges from 5.99% to 35.99%. The term for these loans ranges from 3 months to 72 months.

Website Design: When we talk about the website, it is very well-designed and easy to navigate. All the information is available for access, and the interface is user-friendly. In addition to that, the platform has excellent customer support.

Customer Reviews: Customers were really happy with how easy it was to apply for a an online personal loans. They loved the website for its user-friendliness. In addition to that, they appreciated the customer care, which was available to answer any questions. They also loved how they received the money in no time.


  • Significant loan range: $1000 to $35,000
  • Loan term: 3 – 72 months
  • Available everywhere in the US
  • Quick fund transfer
  • Encrypted information


  • Strict conditions – no recent bankruptcy or late payments

⇒ Visit the Official Website of PersonalLoans

How We Made This List

To get a secure loan, you need to do a lot of research to differentiate the scammers from potential lenders. We went ahead and compiled a list to help you find sites where you can get legit loans. All the websites mentioned in this list are secure and have a protocol for keeping unwanted folks out.

What We Looked For

It is only natural to think that you’d be curious about our criteria for selecting the sites on our list. For that reason, we will go into the details of our process before we begin the actual list of best online payday loans.

  • Customer Reviews: In today’s age, customer reviews are an excellent way of gauging a platform’s credibility and the quality of service. For the entries on this website, we went through other people’s experiences. We read these reviews considering things like how easily folks were able to secure the loans, how smooth the entire process was, and how much the sites accommodated them.
  • Fund Transfer: With payday loans, you are looking for someone who can lend you money quickly. That is why we considered the periods for fund transfers as well. Twenty-four hours is usually ideal unless you request the loan over a weekend.
  • Fees: Payday loans come with a fee that you have to pay along with the loan. These are usually called origination fees and have to be paid even if you roll your loan over to the next month. In addition to that, there are pre-payment and late payment penalties for advance and late payment, respectively. Be sure to consider each fee before you agree to take out the loan.
  • Eligibility Criteria: Lenders don’t usually check your credit history or concern themselves with your credit score. Even so, they do have criteria to gauge your ability to pay them back. This can include things like how much you get paid.
  • Repayment Methods: You need to settle on a repayment method with your lender that you are comfortable with. That includes determining the period of the debt and how you will pay the money back, i.e., automated bank transfers or not.
  • Terms & Conditions: As with any other legal business, going through the terms and conditions of the contract is of paramount importance. You must thoroughly monitor the contracts to ensure that the lender doesn’t sneak in some untoward clauses.

Buying Guide – What You Need To Know Before Getting an Online Payday Loan

Although our list is complete, we wanted to let you know all the things you should consider before getting a payday loan. These things are important to know so that you don’t get scammed or stuck in endless debt.

Even if you don’t get scammed, we can not say that there haven’t been unfortunate conditions where people have gotten charged hidden fees. These things can elevate your debt to such a level that you might have to roll your payment over to another date. Rolling over your debt can further the chances that your payment will keep increasing, and you will have a lesser chance of getting rid of the debt.

Here are some things that you can keep in mind to avoid such situations.

Loan Amount

Let us be real; the amount you will be taking out on a loan is the most important part to consider before you choose a loan. So you need to go for a platform that will enable you to get that amount. As a general rule, we don’t recommend taking out too big a loan for payday loans. As these loans have to be paid back early, you should only go for an amount you can easily pay back from your next paycheck.

Terms & Conditions

Before accepting a loan, you must carefully go through the terms and conditions. The law requires the lenders to disclose any additional charges. So be sure to understand these fees in your contract. You also need to make sure that you are comfortable with all the clauses. If you are not, either renegotiate the loan terms or walk away from the loan.


Loan repayment has to be done on time to avoid any inappropriate circumstances. The good idea is to allow your lender to deduct the required amount from your account automatically. However, if you feel uncomfortable with this method, you can always go back to the more traditional payment methods.

Another thing to focus on is the loan term. Make sure you have enough time to be able to pay back your loan comfortably. If you feel that you will be late, you can contact your lender, and he might be able to work something out for you.

Eligibility Criteria

You need to go through the requirement section of each platform to ascertain whether you are eligible for a loan. The basic requirements are mostly the same: US citizenship or permanent residency, 18 years of age, a valid social security number, contact information, steady income, and a checking account in the borrower’s name. Some lenders may have additional requirements, such as the minimum amount of your income. Depending on these things, lenders may ask you for more information.

Customer Support

You should always check the customer service for a platform before taking out your loan, as uncooperative customer service can worsen a tense time. Having good customer support can really elevate your experience. You might have questions while finalizing your contract, and good customer service can answer these questions in a way that removes all your doubts.

Market Reputation

When doing anything online, you are encouraged to look into how the customers have responded to them in the past. The same goes for payday loans. If you want to take out a loan, be sure to check customer reviews to see if there have been any problems in the past. This is especially important as you can protect yourself from being scammed in this manner.

Frequently Asked Questions (FAQs)

What are payday loans?

Payday loans are usually small cash loans that you take out for a short loan period. You can pay these back once you receive your pay. Hence the name payday loans. These loans are usually expensive because of the high-interest rates.

How do I qualify for a payday loan?

The qualifications are usually pretty straightforward, meaning you need to be a legal adult with US citizenship or permanent residence. You also need a checking account as well a contact number, and an email address. You will need to have a steady income as some lenders require pay stubs. Additional requirements can vary according to different lenders.

Can I qualify for a loan if I am not formally employed?

Yes, you can. You can qualify for a loan if you are self-employed or even if you receive social security or some other benefits. The primary thing is that you should be receiving something as an income, based on which lenders can lend you money.

Does it cost anything to take out a payday loan?

Getting a loan through lending portals does not cost you anything by itself. However, lenders can charge you an origination fee when they lend you the money. Rest assured that the law mandates that the lenders let you know about any fees they might charge. You can enter the contract with your eyes open as you will know all the charges before you sign the contract.

Does being in the military have any effect on my ability to take out a payday loan?

Some lenders offer specialty loans to those who are working in the armed forces. If you are working in the military and have to take out a payday loan, we recommend letting your lender know. That way, the lenders can compensate you if they have such offers.

How fast can I secure funds through a payday loan?

The quickest period for getting the funds in your account should be 24 hours. The twenty-four-hour period is because even if you manage to get your loan approved within minutes, there is usually a grace period to transfer the funds into your account. You should be careful of any site offering you funds faster than that because they could be scamming you.

Can I get a payday loan if I have an awful credit score?

Although lenders prefer to give out their money to people who have a good credit history, some will lend it to those with a bad credit score. These lenders do usually have some other criteria that you must be able to fulfill.

What is an APR?

APR stands for Annual Percentage Rate. It usually represents the amount of interest that your loan will accrue over time. There are a few factors that influence APR, including the cost and the term of your loan. Usually, the APR ranges from 5.99% to 35.99% over 3 to 72 months. However, the specific APR for your loan also depends on your high or poor credit scores and history.

Why should I use an online payday loan?

Online payday loans are convenient because you do not have to keep calling the lenders to see if they can give you a loan, nor do you have to visit a specific location. With online lending portals, all you have to do is provide your information, and the portal will forward it to the multitude of lenders on the network. That way, the interested lenders will contact you themselves, and you can secure installment loans quickly with minimal effort on your end.

How will I repay my online payday loan?

For repayment, we recommend that you allow your lender to deduct the due amount from your account when the time comes. That way, all you have to do is make sure that you have enough money in your account at the withdrawal time. Otherwise, you would have to visit a physical location or by mail days in advance to avoid late payment.

What happens if I cannot repay my loan on time?

If you cannot pay back your loan on time, you will most likely have to pay some kind of penalty. In some cases, it is not unheard of to face collection from the lender. The lender can even report you to credit bureaus if you are unable to pay your debt. In that case, you will further damage your credit history.

All of this is why we recommend that you let your lender know at once if you think you will be unable to pay back your loan on time. In such a case, the lender might give you a grace period. We also recommend that you only take out money that you know you can comfortably return.

How will I know if the site I am using to apply for a loan is secure?

Website security is of utter importance when it comes to applying for a loan online. This is because you will provide the website with sensitive information about yourself. If this information is leaked or sold to another credit union, it will infringe upon your right to privacy and may get you in trouble.

There are a few things you can do to ensure that the website you are using is secure. Check if the website URL has HTTPS in it. The ‘s’ here indicates that the website’s server is secure. You can also click on the lock in the address bar to access security information. If your browser flags a page as unsafe, it is best to heed that warning.


When it comes to getting an online payday loan, our choice is MoneyMutual. MoneyMutual has a secure site with a large network of trusted lenders that off a wide range of online payday loans. The best part is that the site is free at the borrower’s end.

Payday loans can be a bit expensive, so you should only get them if you need to. You should also make sure that you only agree to a loan you know you can return. We know that emergencies can happen to anyone. So if you are in a pickle, online payday loans are a good option for you.

Our last advice would be to read through the fine print. Our list should be able to help you find a trusted way to secure an instant payday loan. Just be sure to follow all the tips, and you will not end up getting scammed. With that, we wish you luck and hope that you can find what you need!

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