Best Payday Loans 2022: Compare Payday Lenders

We help you find the best payday loans and apply online. With Financer.com you can:

  • Use our online loan comparison tool
  • Compare rates from the best payday lenders
  • Apply for a payday loan of up to $35,000

How much would you like to borrow?

Compare the Best Payday Loans 2022

Borrow $500 for a period of 1 Month.
Edit Search
Amount: $500 | Period: 1 Month
Search Options
We found 40 payday loans

Edit Search

More Filters Reset
Choose your state
recommended

Chosen 75,089 times

recommended

Chosen 75,089 times

Loan amount

$500

APR:

5.99% - 35.99%

Total Payment

$502.50

for 1 month

Monthly payback

$502.50

for 1 month

Open right now
Most chosen

Customer type:

All

Borrow up to

$5,000

Estimated Payback

24/06/2022

Weekend Payout

Age

18

25 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Chosen 711 times

Chosen 711 times

Loan amount

$500

APR:

15.00% - 1,564.00%

Total Payment

$506.25

for 1 month

Monthly payback

$506.25

for 1 month

Open right now

Customer type:

All

Borrow up to

$1,000

Estimated Payback

24/06/2022

Weekend Payout

Age

18

2 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Chosen 572 times

Chosen 572 times

Loan amount

$500

APR:

91.52% - 630.13%

Total Payment

$538.13

for 1 month

Monthly payback

$538.13

for 1 month

Customer type:

All

Borrow up to

$1,500

Estimated Payback

24/06/2022

Weekend Payout

Age

-

1 Review

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 660 times

recommended

Chosen 660 times

Loan amount

$500

APR:

5.99% - 35.99%

Total Payment

$503.75

for 2 months

Monthly payback

$251.87

for 2 months

Open right now

Customer type:

All

Borrow up to

$35,000

Estimated Payback

24/06/2022

Weekend Payout

Age

18

1 Review

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 923 times

recommended

Chosen 923 times

Loan amount

$500

APR:

5.99% - 35.99%

Total Payment

$503.75

for 2 months

Monthly payback

$251.87

for 2 months

Open right now

Customer type:

All

Borrow up to

$35,000

Estimated Payback

24/06/2022

Weekend Payout

Age

18

1 Review

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Important

Please note that loan amounts, interest rates and other loan terms may vary according to your state and credit profile.

Show all 40 offers
$500
Compare Offers

How To Compare Payday Loans

How To Compare Payday Loans
1
Choose your loan amount
Choose the loan amount you need
2
Compare available options
Filter the results based on your criteria and compare the best rates
3
Choose an offer
Find the best match for your payday loan needs
4
Complete the application
Click Get Started to fill in your pay day loan application

As seen in

entrepreneur-logo.svg
forbes-logo.svg
business-insider-logo.svg
globo-logo.svg
focus-logo.svg
dagens-industri-logo.svg

What Is a Payday Loan?

Payday loans are short-term loans that are often used to help people get through difficult times. It’s a form of cash advance that is intended to help you get by until the next paycheck arrives.

Despite the fact that the best payday loans are typically for small amounts, they are among the most costly loans available.

Many people take advantage of payday loans online provided by lenders (especially non-banking institutions). These businesses heavily advertise to people who are struggling to make ends meet on a monthly basis.

Why Compare Personal Loans At Financer.com?

Completely Free Comparison
Completely Free Comparison
Instant Results Without Credit Check
Instant Results Without Credit Check
Read Genuine Customer Reviews
Read Genuine Customer Reviews
Find The Cheapest & Best Rated Pay Day Loans
Find The Cheapest & Best Rated Pay Day Loans
Compare Now

How Does a Payday Loan Work

Most payday loans are for a few hundred dollars and must be paid back within a matter of weeks. Payday loans are generally much more costly than conventional loans.

Note: Payday loan fees are very high, ranging from $10 to $30 for every $100 borrowed. When compared to credit cards that typically have APRs of about 20% on the high end, this can equate to an APR of 400% or more.

When it comes to payday loans online, same-day payouts are quite common, which allows you to get instant approval from payday lenders.

What Customers Say About Us

4.61 based on 274 reviews

from Reviews.io

What You'll Need to Apply

In order to pre-qualify for a payday loan, you must be at least 18 years of age. Additionally, you may need to show that you are employed or that you have a regular source of income.

You'll need to provide the following:

  • Your full legal name
  • A number where you can be reached
  • Proof of a steady source of income
  • An active checking account in your name

That’s all it takes! Most people are able to complete the application for an online payday loan within just a few minutes.

Lending decisions are usually made quickly; you could have the funds deposited into your account within just a few hours.

The amount of money you are able to borrow is generally be based on your income.

There are no restrictions regarding how you choose to use the funds from your online payday loan.

Get the Emergency Funds You Need

An online payday loan can help you get the money you need for emergency expenses.
Medical Bills
Medical Bills
Car
Car
Home Repairs
Home Repairs
Education
Education
Travel
Travel
Personal Expenses
Personal Expenses

What Payday Loans Cost

Payday lenders frequently offer the option to roll over the loan for a fee. So, if you pay $30 for a $200 loan and then roll it over when it is due, you'll be charged an extra $30 fee, making you owe $260.

Note: Many states have been working on passing regulations to place caps on the allowable interest rates and help out consumers that rely on these loans.

Payday loans are typically more costly than conventional loans. You could end up paying an annual percentage rate (APR) that reaches 100% several times. 

Keep in mind that payday loan companies make money by charging upfront loan fees and interest on existing loans.

The Advantages of Online Payday Loans

Online Personal Loans Are Convenient
Online Personal Loans Are Convenient
Get Funds As Soon As the Same Day
Get Funds As Soon As the Same Day
Apply Anywhere, Anytime
Apply Anywhere, Anytime
Less Paperwork Required
Less Paperwork Required

Find Your Payday Loan at Financer.com

Looking for payday loans near me? Financer.com helps you compare the best $1500 loans and get affordable terms and loan rates from leading U.S. lenders.

We look for lenders that offer full transparency and have a long track record of successful lending and satisfied customers. We are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.

Use our free loan comparison tool to find the right personal loan and take the guesswork out of doing all the legwork yourself.

Got Questions About Payday Loans? Find the Answer Here!

What interest rates can I expect?

Interest rates on payday loans are usually high as 500% APR or above and are generally more costly than fixed-term personal loans. NoteMany states have been working on passing regulations to place caps on the allowable interest rates and help out consumers that rely on these loans.

What are the repayment terms for a payday loan?

Repayment terms will vary by lender and are usually between two weeks and one month. Payday lenders frequently offer the option to roll over the loan for a fee. So, if you pay $30 for a $200 loan and then roll it over when it is due, you’ll be charged an extra $30 fee, making you owe $260.

What are the benefits of a payday loan?
A payday loan might be a good fit for you if:

  • Bad credit is an issue
  • You request fast cash in as little as 24 hours
  • You can make a repay in full within a few weeks
  • You don’t need a loan with a repayment plan
  • You only need a small loan amount
Can I get a payday loan from a bank?

Banks have moved into the payday loan industry, most likely to earn more revenue. While traditional bank loans that require you to qualify based on your credit, income, and assets can be a better alternative, bank payday loans are no better than any other payday loan.  

How does my credit score affect my application?

Generally, your credit score will not be a factor in determining whether you will be approved for a payday loan. This is why many people prefer taking out payday loans online versus borrowing through traditional lending routes. Even if you have bad credit or you have had credit problems in the past, bad credit payday loans may be still available.

How much can I borrow with a payday loan?

You can typically borrow small amounts up to $5,000, although some lenders allow you to borrow more.

How fast can I get a payout?

Payday loans are usually paid the same day, or the next business day.

How much does a payday loan cost?

Payday loans generally charge a dollar amount or percentage per $100 borrowed. Depending on your state law and the maximum amount your state allows you to borrow, this fee could range from $10 to $30 for every $100 borrowed.

A fee of $15 per $100 is typical. For a two-week loan, this equates to an average percentage rate of nearly 400%. So, if you needed to borrow $300 before the next payday, it would cost you $345 to repay it, assuming a charge of $15 per $100 borrowed.

Are there alternatives to payday loans?
If you don't want to apply for a payday loan you can opt for these alternatives:  
  • Create an emergency fund in your savings account.
  • Develop your credit so that you can borrow from conventional lenders.
  • Keep a credit card on hand in case of an emergency.
  • Obtain a signature loan (also known as an unsecured loan) from your bank or credit union.
  • Take on a part-time job to supplement your income.
  • Talk to your lenders about a payment plan or loan modification.
  • Examine overdraft insurance options for your checking account.
  • For a better deal, consider using peer-to-peer lending platforms.
Can I get a payday loan from a bank?
Banks have moved into the payday loan industry, most likely to earn more revenue. While traditional bank loans that require you to qualify based on your credit, income, and assets can be a better alternative, bank payday loans are no better than any other payday loan. They may go by a variety of names, but they’re still expensive and risky. In reality, payday loans from banks can be much worse than instant payday loans from pay day loan stores because the bank has access to your checking account and you would agree to allow them to withdraw money from your account to repay the loan. You can have more power over how and when your money leaves if you borrow elsewhere.

Cash-Out Refinance vs HELOC

Getting access to your home's equity could be a cost-effective method to achieve your dreams, whether you need money to pay off debt, fund a

See more posts

How To Get a Payday Loan

To pre-qualify for a payday loan, you must be at least 18 years of age. Additionally, you may need to show that you are employed ...

See more guides

Understanding SBA Loans

An SBA loan is a type of business financing that’s backed by the U.S. Small Business Administration (SBA). The SBA was created in 1953 to ...

See more wikis

Was this article helpful?

  • Be the first one to give feedback

    How can we improve this article?

    We use cookies to give you the most relevant experience. By using our site, you accept all cookies and our privacy policy. To find out more about what cookies we use you can go to privacy overview