Payday Loans Online: Fast Cash Advances from MoneyZap

Apply For A Payday Loan With Moneyzap And Get Cash In 24 Hours! Quick Approval + Bad Credit, Ok!
Get Started
Jessica Walrack
Jessica Walrack

Jessica is a financial expert and writer who makes personal finance concepts like loans and budgeting simple and enjoyable. Her comprehensive articles were featured on SuperMoney, Interest.com, MSN Money, The Balance, Investopedia, and The Simple Dollar, to name a few.

Getting a payday loan used to be a hassle. You had to find the lending office, drive there, wait in line, and fill out paperwork. Then, you had to drive all the way back to repay the loan. But things have changed.

Today, you can get payday loans online from a variety of lenders. Without leaving your house, or even your couch, you can get fast cash deposited right into your bank account. These can be a huge help when you have urgent short term financial needs.

Sounds interesting? Learn more about how to get a payday loan online and if it might be the right fit for you.

payday loans online

Payday Loans Near Me | Where Can I Get A Payday Loan?

If you’re looking to apply for a payday loan, MoneyZap can easily connect you with reputable lenders across the United States. Our lender network contains top lenders who have quick and affordable solutions for all types of borrowers.

Terms and regulations vary depending on your location because each state enforces its own payday loan laws. For example, some states have differing annual percentage rates (APRs) and amount caps, while others, such as New York, Arizona, and Maryland, have made payday loans illegal altogether. That’s why the most effective and easiest way to find trusted payday lenders near you is by using our service!

What Are Online Payday Loans?

Online payday loans are small loans you can get from online lenders that come with a short term and a single repayment. You typically apply on the lender’s website and receive the loan funds via a direct deposit into your checking account. Then, you usually repay the balance on your next payday by allowing an automatic withdrawal from the same bank account. The total repayment amount will include the loan amount plus fees and interest (based on your assigned annual percentage rate).

These loans evolved from the payday loans offered by brick-and-mortar institutions in the past. Lenders originally required borrowers to visit their location and write a post-dated personal check which they would cash on the borrower’s next pay date.

How Do Online Payday Loans Work?

It’s simple! You apply online and the lender evaluates your financial situation. Upon approval, you are sent the payday loan amount for which you are approved. The amount can vary based on your state’s laws, the lender’s loan limits, and your creditworthiness.

Lenders typically direct deposit the loan into your checking account. At that point, you can use the funds for whatever purposes you want whether it’s a car repair, a bill, or something else. Then, you repay the loan from your bank account on the due date provided by your lender.

The total amount due will include the funds you borrowed plus any fees or interest you were charged. But don’t worry, there shouldn’t be any surprises. Lenders have to disclose all of the costs to you upfront on the loan agreement before you can agree to take the loan.

Where Are Payday Loans Legal?

Payday loans are allowed in all but 11 states, which include:

  • Arizona
  • Arkansas
  • Connecticut
  • Georgia
  • Maryland
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Vermont
  • West Virginia
  • They are also illegal in the District of Columbia

While you can get payday loans in the other 39 states, many have regulations restricting loan amounts, terms, and APRs. You can learn more about the loan amounts by state below.

How Much Can You Borrow With An Online Payday Loan?

The amount you can borrow with an online payday loan depends on your state’s laws. In most cases, the maximum loan amount is around $500. However, some states have higher limits of $1,000, $2,000, and even up to $50,000 (in Oregon). Find the maximum loan limit for your state in the chart below.

State Are Payday Loans Legal? Maximum Payday Loan Amount
Alabama Yes $500
Alaska Yes $500
Arizona No Prohibited
Arkansas No Prohibited
California Yes $300
Colorado Yes $500
Connecticut No Prohibited
Delaware Yes $1,000
District of Columbia No Prohibited
Florida Yes $500
Georgia No Prohibited
Hawaii Yes $600
Idaho Yes $1,000
Illinois Yes $1,000 (income may further restrict the limit)
Indiana Yes $550
Iowa Yes $500
Kansas Yes $500
Kentucky Yes $500
Louisiana Yes $350
Maine Yes None
Maryland No Prohibited
Massachusetts Yes None
Michigan Yes $600
Minnesota Yes $350
Mississippi Yes $500
Missouri Yes $500
Montana Yes $300
Nebraska Yes $500
Nevada Yes Income-based
New Hampshire Yes $500
New Jersey No Prohibited
New Mexico Yes $5,000
New York No Prohibited
North Carolina No Prohibited
North Dakota Yes $500
Ohio Yes $1,000
Oklahoma Yes $500
Oregon Yes $50,000
Pennsylvania No Prohibited
Rhode Island Yes $500
South Carolina Yes $550
South Dakota Yes $500
Tennessee Yes $500
Texas Yes $200
Utah Yes None
Vermont No Prohibited
Virginia Yes $2,500
Washington Yes $700 ((income may further restrict the limit)
West Virginia No Prohibited
Wisconsin Yes None
Wyoming Yes None

Source: National Conference of State Legislatures

As you can see, the amount you can borrow through a payday loan will depend on your state. Are you just looking for a small loan amount? Check out the $200 loan and $300 loan options.

How Do You Qualify For An Online Payday Loan?

While online payday loans are easier to get approved for than traditional loans, there’s no such thing as 100% guaranteed payday loans. Here are the common requirements you’ll encounter.

Applicants typically must:

  • Legal age: Be at least 18 years old.
  • Citizenship: Be an American citizen or a permanent resident.
  • Active checking account: Have an active checking account in your name that has been open for a minimum amount of time (minimum length can vary by state).
  • Address in the state: Live in the state where you're requesting the payday loan.
  • Working phone number: Have a working phone number.
  • Active email address: Have an email address you can verify.
  • Valid social security number or taxpayer identification number: Have a valid social security number or taxpayer ID.
  • Proof of income source: Have a source of recurring income from employment, retirement, disability, or another source.
  • No active bankruptcy: Have no open bankruptcies.
  • No active-duty members: Not be active duty service members in the Army, Navy, Air Force, Coast Guard, or Marine Corps (or their dependent spouses).

Along with meeting a lender’s eligibility requirements, you will also need to agree to its electronic disclosure and privacy policy.

Do Online Payday Loans Require Credit Checks?

While many online payday lenders won't process a hard inquiry on your credit report, they will often check your credit information with one of the national databases (Experian, Transunion, Equifax, etc.). Lenders can perform what's known as a soft inquiry which enables them to see your credit information without hurting your credit score. They'll usually consider the information they find when deciding whether to approve or deny your online payday loan. Derogatory marks like missed payments, loan defaults, liens, or bankruptcies could hurt your chances of approval. However, keep in mind that some lenders are more lenient than others.

Can I Get A Payday Loan With Bad Credit?

Bad credit loans do exist. Credit scores that are 579 or lower are considered “poor” or “bad.” If your score currently falls into this range, don’t discount your shot at a loan just yet. Some lenders specialize in helping borrowers like you to get the funds you need. While it’s not a sure bet, it’s worth a shot. Additionally, if you have credit difficulties, credit counseling can help you boost your credit score as quickly as possible.

Can I Get A Payday Loan With No Credit Check?

Looking for no credit check loans? Most online payday lenders do check your credit, even though it won’t hurt your credit score. Being so, if you want a loan without undergoing any credit check, your best bet is to go into a physical branch that offers payday loans. However, it’s worth applying online first to see if you can save yourself a trip.

What Should You Expect From The Online Payday Loan Application Process?

The online application process for a payday loan can be very quick and easy. You’ll need to answer a few basic questions about yourself and your finances. Often, that includes providing your name, address, birthday, social security number, employment details, income amount, house payment, and phone number.

Once you provide all the required information, the lender will evaluate your situation to see if you meet its requirements. This often involves a soft credit check. The amount of risk you present will influence whether you get approved or not. It will also impact your loan amounts, interest rates, and fees. You can usually get an answer within minutes and, upon approval, can have the funds in your account in as little as one business day.

Which Online Payday Loans Are The Best?

The best online payday loans are going to have a few features in common, including:

  • Easy application: You should be able to easily apply online within a few minutes. No confusing directions or tedious verifications.
  • Competitive pricing: The cost of your loan should be reasonable and competitive. It can help to get a few quotes and compare them to see which is best.
  • Fast funding: When you need a payday loan, the situation is often urgent. Look for a lender that can get you approved and funded as quickly as possible.
  • Good customer service: Lastly, you’ll want a lender that provides good customer service in case you need any kind of help or support. Check a lender’s customer support channels and how they fare in reviews from past borrowers.

Overall, your online payday loan experience should help you get the funds you need as quickly as possible. The loan should also be reasonably priced so you can pay it back on time and move on with your life.

What Should You Do If You Get Rejected For An Online Payday Loan?

Do you keep getting rejected when applying for online payday loans? Apply with us! We have a wide network of online lenders that cater to all types of borrowers in many types of situations. Whether you have good or bad credit, low or high income, we’ll do our best to find you the right match. It only takes a few minutes to get an answer. Plus, if payday loans don’t end up being a fit, we may be able to find you another type of loan that could help such as title loans, cash advances, or installment loans.

See What You Get Approved For In Minutes!

Getting a payday loan used to be a hassle. You had to find the lending office, drive there, wait in line, and fill out paperwork. Then, you had to drive all the way back to repay the loan. But things have changed. Today, you can get payday loans online from a variety of lenders. Without leaving your house, or even your couch, you can get fash cash deposited right into your bank account. These can be a huge help when you have urgent short term financial needs. Sound interesting? Learn more about how to get a payday loan online and if it might be the right fit for you.

Want to jump ahead?

  • Where can you get a payday loan online?
  • What are online payday loans?
  • How do online payday loans work?
  • Where are payday loans legal?
  • How much can you borrow with a payday loan?
  • How do you qualify for an online payday loan?
  • Do online payday loans require credit checks?
  • How does the application process work?
  • How do you find the best online payday loan?
  • What should you do if you get rejected?

Payday loans near me | Where can I get a payday loan?

If you’re looking to apply for a payday loan, MoneyZap can easily connect you with reputable lenders across the United States. Our lender network contains top lenders who have quick and affordable solutions for all types of borrowers.

Terms and regulations vary depending on your location because each state enforces its own payday loan laws. For example, some states have differing annual percentage rates (APRs) and amount caps, while others, such as New York, Arizona, and Maryland, have made payday loans illegal altogether. That’s why the most effective and easiest way to find trusted payday lenders near you is by using our service!

What are online payday loans?

Online payday loans are small loans you can get from online lenders that come with a short term and a single repayment. You typically apply on the lender’s website and receive the loan funds via a direct deposit into your checking account. Then, you usually repay the balance on your next payday by allowing an automatic withdrawal from the same bank account. The total repayment amount will include the loan amount plus fees and interest (based on your assigned annual percentage rate).

These loans evolved from the payday loans offered by brick-and-mortar institutions in the past. Lenders originally required borrowers to visit their location and write a post-dated personal check which they would cash on the borrower’s next pay date.

How do online payday loans work?

It’s simple! You apply online and the lender evaluates your financial situation. Upon approval, you are sent the payday loan amount for which you are approved. The amount can vary based on your state’s laws, the lender’s loan limits, and your creditworthiness.

Lenders typically direct deposit the loan into your checking account. At that point, you can use the funds for whatever purposes you want whether it’s a car repair, a bill, or something else. Then, you repay the loan from your bank account on the due date provided by your lender.

The total amount due will include the funds you borrowed plus any fees or interest you were charged. But don’t worry, there shouldn’t be any surprises. Lenders have to disclose all of the costs to you upfront on the loan agreement before you can agree to take the loan.

Where are payday loans legal?

Payday loans are allowed in all but 11 states, which include:

  • Arizona
  • Arkansas
  • Connecticut
  • Georgia
  • Maryland
  • New Jersey
  • New York
  • North Carolina
  • Pennsylvania
  • Vermont
  • West Virginia
  • They are also illegal in the District of Colombia

While you can get payday loans in the other 39 states, many have regulations restricting loan amounts, terms, and APRs. You can learn more about the loan amounts by state below.

How much can you borrow with an online payday loan?

The amount you can borrow with an online payday loan depends on your state’s laws. In most cases, the maximum loan amount is around $500. However, some states have higher limits of $1,000, $2,000, and even up to $50,000 (in Oregon). Find the maximum loan limit for your state in the chart below.

State Are Payday Loans Legal? Maximum Payday Loan Amount
Alabama Yes $500
Alaska Yes $500
Arizona No Prohibited
Arkansas No Prohibited
California Yes $300
Colorado Yes $500
Connecticut No Prohibited
Delaware Yes $1,000
District of Columbia No Prohibited
Florida Yes $500
Georgia No Prohibited
Hawaii Yes $600
Idaho Yes $1,000
Illinois Yes $1,000 (income may further restrict the limit)
Indiana Yes $550
Iowa Yes $500
Kansas Yes $500
Kentucky Yes $500
Louisiana Yes $350
Maine Yes None
Maryland No Prohibited
Massachusettes Yes None
Michigan Yes $600
Minnesota Yes $350
Mississippi Yes $500
Missouri Yes $500
Montana Yes $300
Nebraska Yes $500
Nevada Yes Income-based
New Hampshire Yes $500
New Jersey No Prohibited
New Mexico Yes $5,000
New York No Prohibited
North Carolina No Prohibited
North Dakota Yes $500
Ohio Yes $1,000
Oklahoma Yes $500
Oregon Yes $50,000
Pennsylvania No Prohibited
Rhode Island Yes $500
South Carolina Yes $550
South Dakota Yes $500
Tennessee Yes $500
Texas Yes $200
Utah Yes None
Vermont No Prohibited
Virginia Yes $2,500
Washington Yes $700 ((income may further restrict the limit)
West Virginia No Prohibited
Wisconsin Yes None
Wyoming Yes None

Source: National Conference of State Legislatures

As you can see, the amount you can borrow through a payday loan will depend on your state. Are you just looking for a small loan amount? Check out the $200 (loan) and $300 (loan) options.

How do you qualify for an online payday loan?

While online payday loans are easier to get approved for than traditional loans, there’s no such thing as 100% guaranteed payday loan(s). Here are the common requirements you’ll encounter.

Applicants typically must:

  • Legal age: Be at least 18 years old.
  • Citizenship: Be an American citizen or a permanent resident.
  • Active checking account: Have an active checking account in your name that has been open for a minimum amount of time (minimum length can vary by state).
  • Address in the state: Live in the state where you're requesting the payday loan.
  • Working phone number: Have a working phone number.
  • Active email address: Have an email address you can verify.
  • Valid social security number or taxpayer identification number: Have a valid social security number or taxpayer ID.
  • Proof of income source: Have a source of recurring income from employment, retirement, disability, or another source.
  • No active bankruptcy: Have no open bankruptcies.
  • No active-duty members: Not be active duty service members in the Army, Navy, Air Force, Coast Guard, or Marine Corps (or their dependent spouses).

Along with meeting a lender’s eligibility requirements, you will also need to agree to its electronic disclosure and privacy policy.

Do online payday loans require credit checks?

While many online payday lenders won't process a hard inquiry on your credit report, they will often check your credit information with one of the national databases (Experian, Transunion, Equifax, etc.). Lenders can perform what's known as a soft inquiry which enables them to see your credit information without hurting your credit score. They'll usually consider the information they find when deciding whether to approve or deny your online payday loan. Derogatory marks like missed payments, loan defaults, liens, or bankruptcies could hurt your chances of approval. However, keep in mind, that some lenders are more lenient than others.

Can I get a payday loan with bad credit?

Bad credit loan(s) do exist. Credit scores that are 579 or lower are considered “poor” or “bad.” If your score currently falls into this range, don’t discount your shot at a loan just yet. Some lenders specialize in helping borrowers like you to get the funds you need. While it’s not a sure bet, it’s worth a shot. Additionally, if you have credit difficulties, credit counseling can help you boost your credit score as quickly as possible.

Can I get a payday loan with no credit check?

Looking for no credit check loans? Most online payday lenders do check your credit, even though it won’t hurt your credit score. Being so, if you want a loan without undergoing any credit check, your best bet is to go into a physical branch that offers payday loans. However, it’s worth applying online first to see if you can save yourself a trip.

What should you expect from the online payday loan application process?

The online application process for a payday loan can be very quick and easy. You’ll need to answer a few basic questions about yourself and your finances. Often, that includes providing your name, address, birthday, social security number, employment details, income amount, house payment, and phone number.

Once you provide all the required information, the lender will evaluate your situation to see if you meet its requirements. This often involves a soft credit check. The amount of risk you present will influence whether you get approved or not. It will also impact your loan amounts, interest rates, and fees. You can usually get an answer within minutes and, upon approval, can have the funds in your account in as little as one business day.

Which online payday loans are the best?

The best online payday loans are going to have a few features in common, including:

  • Easy application: You should be able to easily apply online within a few minutes. No confusing directions or tedious verifications.
  • Competitive pricing: The cost of your loan should be reasonable and competitive. It can help to get a few quotes and compare them to see which is best.
  • Fast funding: When you need a payday loan, the situation is often urgent. Look for a lender that can get you approved and funded as quickly as possible.
  • Good customer service: Lastly, you’ll want a lender that provides good customer service in case you need any kind of help or support. Check a lender’s customer support channels and how they fare in reviews from past borrowers.

Overall, your online payday loan experience should help you get the funds you need as quickly as possible. The loan should also be reasonably priced so you can pay it back on time and move on with your life.

What should you do if you get rejected for an online payday loan?

Do you keep getting rejected when applying for online payday loans? Apply with us! We have a wide network of online lenders that cater to all types of borrowers in many types of situations. Whether you have good or bad credit, low or high income, we’ll do our best to find you the right match. It only takes a few minutes to get an answer. Plus, if payday loans don’t end up being a fit, we may be able to find you another type of loan that could help such as title loan(s), cash advances, or installment loans.

Final Thoughts

Payday loans are recommended for short term solutions to financial stress, for moments when you urgently need to repair a household item, fund bills, or even get groceries. However, it is advisable always to pay back these types of short-term loans when due. Payday loans are already an expensive means of borrowing, and defaulting on repayment may lead to even more costly implications.

Use payday loans only to the extent to which you can comfortably make repayments. If you have debt issues, you may need to consider credit counseling or debt consolidation professionals' assistance.

Disclosure: We do not provide loans directly, but we connect you with quick access to top payday loans and similar short-term loan providers.