Best Direct Lenders 2022: Compare Payday Lenders

Get Fast Online Loans from Direct Lenders

When you need a loan you typically think of banks. However, these days there are alternatives to banks that offer you direct loans at great rates, saving you time and money.

We’ll take a closer look at direct lenders and how you can apply online for a direct loan of up to $50,000 or more.

What is a Direct Lender?

Online direct lenders give you access to the funds you need at competitive rates. If you qualify, you can get a personal loan that you’ll repay over a fixed term or a short-term payday loan that you can repay within a few weeks.

You can also apply for a car loan or even a line of credit with a direct lender online.

While you can also get a personal loan from an indirect lender like a broker, this could be a riskier move as you don’t deal with your lender directly. Brokers may share your data with many companies and also add more fees.

Direct loan lenders can be a great alternative to traditional bank loans, especially if you only need a short-term loan. You may just need cash to cover a once-off expense like a wedding or a vacation- and this is where direct lender loans come in.

With quick application processes and fast payouts, direct lenders online can offer you competitive loan rates and more.

Here’s a list of direct loan lenders in the U.S.:

Company	Overall Rating	Times Chosen
5KFunds	4.2	58,474	View Company
Happy Money	3.6	666	View Company
PenFed Credit Union	3.5	1,313	View Company
SoFi	4.5	14,038	View Company
Stilt	N/A	429	View Company
Upgrade	1.0	789	View Company

However, when you need a quick fix for a financial emergency, you may not have the luxury of seeking out a traditional lending institution.

In such cases, fast payday loans may be more appropriate.

💡 Looking for a business loan? See our list of business loan lenders.

Payday Loans from Online Direct Lenders

It’s very common for most people to search online for direct payday loan lenders because of how fast the approval process is.

Same-day approval and same-day funding from online payday loans (direct lenders) can mean a virtually immediate financial solution to your current situation.

Depending on your situation your terms, conditions, rates, and fees will vary.

Chosen 5,828 times

• APRs from 5.99%
• Up to 72 months repayment terms
• Loans up to $5,000
• Suitable for all credit scores

4.0Read 8 reviews

More InfoSee offer

These factors include credit score, terms (short term or long term loan), type of loan (payday loans, or personal loans), and general eligibility factors like employment status.

There are many ways instant payday loans can benefit someone with an urgent need for cash.

This type of fast loans can put money in your account the very same day, whereas traditional lending institutions may take long periods of time and require a lot of paperwork to deposit the same amount of cash.

Most lending sites are also mobile-friendly. Moreover, it’s virtually impossible to get a loan with bad credit, but there are some direct lenders online who may grant fast payday loans to people with bad credit.

Here’s a list of direct payday loan lenders in the U.S.:

Company	Overall Rating	Times Chosen
5KFunds	4.2	58,474	View Company
ACE Cash Express	5.0	1,057	View Company
BadCreditLoans.com	3.6	76,098	View Company
Cash Advance	4.5	931	View Company
CashUSA	3.8	21,438	View Company
Fast5KLoans	4.0	5,828	View Company
Jora Credit	4.2	7,811	View Company
LoansUnder36	5.0	1,041	View Company
PersonalLoans.com	4.4	25,246	View Company

Requirements for Getting Instant Payday Loans

Like any loan, when it comes to payday loans, direct lenders online want to make sure you are who you really are and you have the ability to repay your loan.

To get a payday loan for an emergency, you need:

• To be at least 18 years of age.
• Proof of regular income.
• A valid bank account.
• Your full name.
• A physical address.
• Contact information.

How to Repay Your Quick Loan

You can specify a certain date when your bank will release funds from your account to the lender.

This makes it easier for both parties. Alternatively, the lender may hold a postdated check in the amount of the loan and any fees, then deposit it once the loan is due.

Keep in mind that lenders’ terms can vary greatly, so compare several lenders and their terms using the comparison tool above and find a lender that suits your needs.

Compare the Interest Rates, Even if You’re in a Hurry

Of course, you may want to choose direct lender loans with the lowest interest rate possible, however, it’s vital to fully understand the terms and conditions before getting a same-day payday loan.

Chosen 76,098 times

• Apply for loans up to $10,000
• No fees or obligations
• Access to a network of hundreds of lenders
• Bad credit history allowed

3.6Read 26 reviews

More InfoSee offer

High interest rates could be detrimental to your credit score, especially if you fail to commit to timely payments and accrue extra charges and penalties.

Enjoying Peace of Mind

Running out of cash before your next payday can be a frustrating experience, but fast payday loans can help you to cope in between paydays without having to worry so much. Of course, borrowing responsibly is important, though.

Cash advance loans come in handy when you have urgent bills that need to be settled. Direct payday loan lenders make prompt decisions, and the borrower can have the funds directly deposited into his or her bank account as soon as the same day.