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Best Payday Loans Online: Top 5 Loan Companies for Fast Cash Advance Loans

These online payday loan platforms work with online lenders ready to lend people in need of money.
By Blue Ribbon Group |
Blue Ribbon Group

In a situation where you can meet your needs, it is always tough on the heart; this becomes worse when emergency funds are needed. The best option in that situation is to have a platform (online payday platforms) that can lend you the money. This loan can be used to purchase or settle any type of emergency, such as purchasing groceries, paying for bills, and others.

These online payday loan platforms work with online lenders ready to lend people in need of money. Online payday lenders can avoid the stress of looking for a physical loan. You do not need an office; you can start and finish the process from the comfort of your couch. Immediately after you finalize your profile, the search to get you a legit online lender is initiated. The platform will link you up with lenders willing to give you the money.

This type of loan is attractive to people for many reasons; one of them is that it is something that everyone can gain access to. This loan works in a way that suits all parties involved. The lender does not need information about your credit score. And all their approved loan amount is transferred to their bank account. The need to be extra cautious is imminent.

There are scam companies in all spheres of the industry so that you can sign a contract with a fraudulent platform. We are the best at creating articles that lead people to purchase legit & best online payday loans. We have put together a recommendation list of efficient brands at their duty.

The 5 Best Online Payday Loans from Top Lenders

  1. MoneyMutual: Overall Best Lender for Online Payday Loans, Editor’s Choice
  2. BadCreditLoans: Best for Bad Credit Loans with Guaranteed Approval
  3. RadCred: Get Best Mortgage Rates on Emergency Loans
  4. CashUSA: Multiple Online Lenders for Instant Cash Loans
  5. PersonalLoans: Popular Direct Lenders for Personal Loans with Bad Credit

1. Money Mutual: Overall Best Lender for Online Payday Loans, Editor’s Choice

This platform started its operations of connecting borrowers to online lenders in 2010. According to reports stated on the economic well-being of U.S. households, only four (4) persons in ten (10) people can solve emergencies of $400 on their own, and some people struggle to cater for themselves.

MoneyMutual brand believes that its practices of providing the link to online providers of short-term loans are a way to promote a better financial situation. The platform is into various types of loan offerings, including bad credit, short-term, installments, and other types of loans – their operations are successfully aided by the sixty (60) online lenders they have a connection to.

A loan application on this platform is easy; you need to give (5) minutes to fill out a form, and the platform will bring you recommended online lenders that will lend you money.

On the MoneyMutual platform, borrowers have more options for getting a loan, which is helpful because they can argue and bargain for good terms and conditions. The platform helps borrowers secure payday loans of up to $2,500.

After filling out the form, it only takes a couple of minutes before you will get an approval message. The loan obtained via this platform can be used for anything. The number of positive reviews we gathered on this brand was over two (2) million.


  • The number of positive reviews we gathered on this brand shows it has a great reputation amongst borrowers. In addition, people mostly love their installment payments.
  • Their website is quite easy for anyone to navigate. And borrowers are informed of the loan process.
  • The brand only serves as the middleman in the borrowing process. It is not the platform’s duty to regulate the terms & conditions of the loan. The online lenders decide what the terms & conditions will be.


  • The platform does not charge users for visiting the site.
  • The approval of your loan can be done swiftly.
  • Their website is easy to surf.
  • Positive reviews amount to over two (2) million.
  • They employ great encryption methods to keep borrowers’ private information private.


  • When you default on your repayment, the platform does not get involved.
  • This platform does not operate in all states.

2. Bad Credit Loans: Best for Bad Credit Loans with Guaranteed Approval

Bad credit loans aims to provide loan deals to borrowers in an emergency who require a payday loan or those with poor credit. Although they are just like money mutual, they connect borrowers to online lenders. Borrowers are under no force to accept the loan terms offered by one lender as more lenders are available.

The types of loans offered by the lenders connected to this platform are vast. However, short-term loans under this platform are termed credit lines. This is different from payday loans mainly because they benefit your credit score. If you repay your loan quickly, it will be reported to the bureaus.

The brand is well invested in protecting the private information submitted by borrowers; they use top-quality encryption mechanisms. Also, they seek to educate borrowers on the process of credit line loans and how they manage their finances, so they do not require loans every time there is an emergency.


  • The estimated time required to fill out their application form is less than five (5) minutes. After your application has been received, your details will be circled to online lenders.
  • Before applying for a loan, borrowers must be at least eighteen (18) years old and have an active bank account and a job.
  • The reviews on this brand are mostly positive. In addition, their always-available customer service agents have helped elevate the brand’s reputation.
  • The security system employed to protect borrowers’ information is the best encryption system. Passcodes protect their files.
  • The brand is transparent about its services to its borrowers.


  • They offer loans to people with poor credit scores.
  • Borrowers do not pay for applying through the platform.
  • The brand offers comfortable APR.
  • Their customer service agents are exceptional at their work.
  • They offer varieties of loan types.
  • Their disbursement time is within minutes of signing the loan agreement.


  • Borrowers are required to submit extra personal information.
  • Loan offers are up to $1,000, even for those with very poor credit.

3. RadCred: Get Best Mortgage Rates on Emergency Loans

RadCred is another top lender on our list that is quite known for helping its customers with their debt issues. Besides, they also offer online payday loans with the best mortgage rates and flexible terms.

One of the best perks offered by RadCred is their loan application form. It is because of their extensive network of lenders and 3rd party online lenders. Their whole application process usually only takes a few minutes.


One can easily access the RadCred application form that is available on their website. In addition, their site is encrypted with high-level security that ensures the safety and security of customers’ personal info.

RadCred also has a wide network of lenders that are available every time to review customers’ loan requests. One can start to receive offers within minutes after submitting their form.

The customers are also not obliged to accept the first offer they receive. The online lender also offers its customers the freedom to choose from various options that would be favorable for them.

Besides, RadCred can also provide hassle-free financial assistance along with flexible loan repayment terms typically ranging from 90 days to 72 months, depending on the lender’s terms and conditions.


  • The customer must be 18 years or older
  • The customer must  have a valid Social Security No. and be a U.S. citizen or permanent resident
  • The customer must have a regular income from employment or government benefits
  • The customer must have a valid checking account
  • The customer must  not have any active or recent bankruptcy
  • The customer must  not possess any charged-off accounts as of late
  • The customer must not have an outstanding debt that you cannot pay with your current income
  • The customer must not have any credit accounts that are 60 days past due


  • RadCred’s website doesn’t require charges or upfront costs. It’s completely free.
  • The rates offered are competitive compared to other similar platforms.
  • Interested lenders can send you proposals within a few minutes.
  • Soft credit checks don’t impact your credit score.
  • Millions of Americans trust them.


  • RadCred is not a direct lender.

4. CashUSA: Multiple Online Lenders for Instant Cash Loans

CashUSA is one of the most popular platforms that connect borrowers to online lenders; they are known and respected for their reliability. They work with your personal information to recommend lenders that offer you the loan amount without stress.

They also check through third-party lending networks for suitable matches. In addition, they are transparent to borrowers about how they operate.

Their lowest and highest loan amount being offered is from $500 to $10,000 – the amount you will be granted depends on some information you submit. And their repayment plan can range from three (3) months to twelve (12) months. They have a usual interest range of 5.99% to 35.99%.

When you apply for their payday loans, you can rest assured of getting the money within the same day of agreeing on terms with a lender. They require authorization to withdraw their loan amount from the account provided once your paycheck has been paid.


  • The APR charged on this platform is solely determined by the worthiness of the information submitted during the application process. However, the standard range on short-term loans is 5.99% to 35.99%.
  • Their website is top-notch. It is easy for borrowers that are tech-educated to surf. They are always providing financial information to help borrowers with their finances. They are also borrowers in the loan process.
  • This platform does not charge borrowers any hidden charges. Everything, including interest or APR rates, is stated in the terms and conditions.
  • Their customer service agents are always available to attend to inquiries and complaints. Their response to these situations is speedy.


  • They offer a great transfer time within one (1) to two (2) business days.
  • Their application process is straightforward.
  • They do not require your credit score to connect you to a lender.


  • They do not have a mobile app.
  • They do not offer less than $500.

The aim of Personal Loans, right from when it was established, was to provide citizens with an easy way to get the emergency amount they need. They link borrowers with online lenders connected to their platform and link them to lenders from third-party networks. As a result, they are one of the best platforms to apply for an emergency fund.

They provide borrowers with a quick transfer time, which can be within minutes of approval or 24 hours. Loan amount available varies from $1,000 to $35,000. However, this amount range is not available to those seeking a payday loan. The platform has its operations based in Utah, and they have been in the business for a long time.


  • This platform offers borrowers three (3) types of loans: peer-to-peer, personal bank, and personal installment loans. The application process for these loans is the same; however, the funding process is different.
  • They help users choose lenders that offer flexible repayment plans. Borrowers who feel they will be late on their payment plan only need to call and request an extension.
  • This platform offers borrowers the opportunity to get their needed money within one (1) to two (2) days. Although, this can be delayed by the bank being used in the transfer process.
  • They employ the best security measures to ensure that the details of borrowers are protected and kept safe. In addition, their encryption service is strong enough to deter hackers from accessing their databases.


  • The approved loan amount is disbursed in quick time.
  • Their encryption system is one of the best in the market.
  • The amounts offered for loans are huge.
  • Their application process is easy and quick to finish.


  • They do not offer borrowers direct loans.
  • The eligibility requirements for this platform are more than others.
  • People with bad credit scores may be charged a higher interest rate.

Important Factors to Consider When Selecting A Loan Company for Payday Loans 

Those that live based on their salary and no extra means of income always find it difficult to sort out their emergencies themselves. So, it is natural to start looking for someone, maybe a family member, friend, or a platform that can help you with a loan.

However, if you decide to go with online lending platforms, you need to tread with caution—this is imperative for finding a reliable brand.

Many platforms offer borrowers the chance to get the quick cash they need. However, some go as far as advertising some unachievable benefits, and if you fall for it, you will get scammed.

These factors we have listed below are meant to guide your selection process to ensure you pick a brand that offers top-quality services. If you follow this list, you will efficiently separate brands that want to scam you and those that are legit.

Here are the factors:

The Brand’s Reputation

A brand’s reputation should play a key role in your selection process; this says a lot about the services they have been offering. For example, if you find out that a couple of people have bad things to say about a brand or hear from multiple sources that a brand is terrible, you should avoid that brand.

On the other hand, the brands that offer borrowers top-level service at ease will provide you with the most convenient application process, an easy platform for you to surf and understand, and a customer service system that caters to your needs efficiently. In addition, reliable platforms do not offer users loan services with hidden charges.

Repayment Period

The timeframe a lender offers you as your repayment period should be of concern. This type of loan (online payday loans) does not require you to provide collateral; they are always short-term loans. The amount you apply for usually determines the period assigned to you as a repayment time frame.

In some states, hybrid lending is available to borrowers; lending platforms have to assign multiple repayment timeframes to a borrower. However, the most common timeframe for payday loans is fourteen (14) to thirty (30) days after the loan has been disbursed.

Their lenders allow borrowers to roll over repayment into a different timeframe on some platforms. However, when borrowers roll over repayment, the interest and charges that have been accumulated will remain.

Therefore, it is essential that, as a borrower, you check through your finances to ensure you can repay a loan within the timeframe that will be assigned before applying for a loan. This will save you from being under pressure or being caught up thinking about how to pay a loan.

Lender’s Terms and Conditions

People have taken reading this for granted – most people submit their details on a website without going through their terms and conditions. This is common amongst all age groups.

However, you must go through the platform’s terms and conditions when dealing with online loans. The terms & conditions are usually where most online lenders state their interest charge on the loan, the timeframe assigned for repaying the loan, and other factors regarding the loan.

Interest Rates

These platforms understand that most people that apply for this loan do so for emergency reasons. However, it is essential that the loan and the rates applied are something borrowers can pay back without breaking their bank; we understand this fully.

Therefore, the interest rates these lenders charge have to be favorable – some lenders charge as high as 39%, while others charge as low as 10%. Therefore, choosing a platform where their lenders offer favorable interest rates will help you better repay the loans.

The laws of a state guiding the borrowing practices play a high role in determining the interest rate charged on these loans. Those lending platforms in states that practice hybrid lending will have to charge low-interest rates on their loans.

In addition, borrowers that have borrowed Payday loans from one platform and still go to borrow from another platform will be charged a high-interest rate.

Maximum and Minimum Loan Amount

The amount you will apply for is guided by the amount needed for your emergency. Therefore, you must know the amount you require before searching for lending platforms. This will help your search better because some brands might not offer the amount you need.

For example, there are payday loans of $500. They might be small; however, they are easier to apply for and easy to get approved. And the interest rate charged on that kind of amount is not high.

In contrast, when you apply for a loan to the tune of $2000, it might take longer for them to approve the application and disburse the money. And the interest rates that are charged on such amounts are high. So, applying for smaller amounts is better for you; it will not take a long time to get approved and disbursed, and it is an amount you can pay at ease.

Annual Percentage Rate (APR)

This annual percentage rate is used to calculate the amount you will be paying annually for taking the loan. This is almost the same as the interest rates charged on loans. In addition, some lenders charge their borrowers fees tagged as registration and origination fees. These fees are included in the annual percentage rate. Usually, the rate is between 5% and 8%.

You must be aware of the APR your lender is charging you for your sake. It would be best to ask questions about it during the conversation with your lender. If you ignore the conversation about this, you might have to pay beyond your means.

High APR has made payday loans inaccessible to some people in most situations. You must ask around about the lender you should patronize or do thorough research on the available brands to know if it is comfortable applying for a loan from them.

FAQs On Payday Loans Online

Q1: Is It Bad to Apply for Online Payday Loans?

It is not a bad practice to always apply for online Payday loans. It is sometimes beyond your control; in situations of emergencies, you have zero choices than applying for a loan. However, it is necessary to apply caution to your application processes; some brands are looking to rip you off or obtain your personal information for the wrong reasons.

Some companies might require you to pay an application fee, always ensure the brand is legit before you pay that. Some scam brands will take your money and not provide you with loan services.

It is then essential to do proper research before starting your application process. The talks about the company online can help know important details about the brand’s operations.

There are trustworthy blogs that wrote articles reviewing these platforms, you can see what they think and the platform they recommend. Ensure that the customer reviews you check through are from verified customers and not people paid to post a good review about the brand.

In some states in the United States, it is illegal to obtain payday loans, while in some states, it is legal. The states that classify it as illegal are New York, Colorado, New hemisphere, Vermont, South Dakota, North Carolina, Arizona, Montana, Arkansas, Maryland, New Jersey, West Virginia, Massachusetts, Connecticut, District of Columbia, Pennsylvania, and Georgia.

Regardless of the number of states considering it illegal, about thirty (30) states still consider it legal. The only downside is they only permit Payday loans with high-interest rates or high APR. The states that permit low-interest rates or APR rates are no more than three (3): Oregon, New Mexico, and Maine. Most states that consider payday loans illegal do so because they cost too much to obtain.

Q3: Are Online Payday Lenders Required to Report to Credit Bureaus?

No, this is not a requirement for online lenders to carry out. One of the perks of these loans is the lender does not check your credit history before they grant you a payday loan. So, you do not need to worry about your loan application process reflecting on your credit history.

Reporting financial and payment history to the bureaus is an expensive adventure that most lenders are unwilling to go through. For a lender to be able to report financials to the bureaus, thru first have to register their businesses with each bureau. Also, there is a cost charged to the lenders to maintain their accounts.

Q4: Do I Need to Submit Proof of Income Before Getting A Payday Loan?

No, you do not need to submit this. Getting an online payday loan is not tied to how much you earn monthly. You do not need to submit anything about your financials or credit score. This is why payday loans are the best option when you are in an emergency and need quick cash.

Q5: What Is the Process of Getting an Online Payday Loan?

These types of loans do not last for more than fourteen (14) days to thirty (30) days – they are defined as short-term loans. This loan is issued to a borrowing party to solve the emergency they require the loan amount for with the view of the borrower paying back the loan when they get their next salary or wage.

One of the major requirements of requesting this type of loan is the borrower must be a United States citizen or someone with a permit to reside in the country permanently. Also, before a borrower can apply for a payday loan, they must be at least eighteen (18) years old.

During the application process, borrowers will be required to fill in some personal information such as their full name, permanent house address, active checking account, bank account numbers, employment status, and when they are getting paid next.

In some cases, an online lender might request that you authorize them to access your account to withdraw their money when your next paycheck is paid. In other cases, the borrower will be required to write a check for the online lender to tune the amount borrowed plus the charges incurred. Borrowers are usually allowed to pay their loan amount in installments within a specified timeframe. Usually, when borrowers cannot pay their loan within the timeframe assigned, they can carry the loan over to another payment period, although they will incur further charges.

Q6: Can Your Mortgage Be Affected by Online Payday Loans?

There is no way a payday loan can affect your mortgage or your application for a remortgage. However, in some situations, online lenders are always wary of borrowers who have applied for a mortgage and have taken a payday loan within the last three (3) to six (6) years.

Although, since online lenders do not report their financials to the bureaus, you can rest assured that your loan history will not show up during a credit check.

However, in some cases where a borrower has gone beyond their loan repayment period and is unreachable, most online lenders will report that person to the credit authorities. This is when your payday loan history can affect your mortgage application because your refusal to pay/late repayment will be registered in your credit history.

Mortgage providers always avoid dealing with people who have a late loan repayment history. Therefore, your mortgage application is likely to be rejected. However, you do not have to worry about the loan details affecting your mortgage application for those who keep to their repayment time frame.

Q7: Can Your Credit Score Get Affected by Payday Loans?

The credit bureaus at the ones in charge of calculating your credit score with the financial information submitted to them by various platforms. Payday loans can’t affect your credit because online lenders do not submit their financials to the bureaus.

However, for those who default on their repayment plans, your online lender can report the situation to the credit authorities, which will affect your credit score.

Q8: Is There an Authority That Regulates Payday Loans?

Certain laws in the United States regulate payday loans. An average APR of no more than 36% is applied to loans in states where it is legal to apply for payday loans.

There are three (3) types of payday loans:

  • Permissive states: online lenders are allowed to charge borrowers up to 15% or more interest rates on loans in these states. The APR charged by online lenders in these states is also excessive, giving more importance to the lenders than other states do. There are twenty-seven states in the U.S. that fall under this type.
  • Restrictive states: in these types of states, there are strict laws guiding the affairs of the online lender; mostly, they find it illegal for lenders to loan out payday loans. Fourteen states in the country practice this type of practice, including the District of Columbia.
  • Hybrid states: these are the states in the middle of both practices. They do not have strict guiding rules or prohibit it totally, nor do they allow the lenders much room to charge whatever they want. These states allow interest rates of up to 10%, and their APR is mostly just three (3) digits. In these states, the number of loans a borrower can access at once is limited. And the repayment period of their loan is spread out to multiple dates.

Q9: Am I Allowed to Apply for Another Payday Loan While Owning Another?

This is possible; you can get another loan deal while on another loan. However, states under the hybrid practices will have the number of loans you can hold at once limited. But for most states, you can hold as much as you are granted.

However, you should know that an existing lender will not be willing to give you another loan when you are yet to pay the previous one, and the rates that will be charged might be too much for comfort. Holding multiple loan deals will cost you more than you can pay, so avoid applying for another loan.

Q10: Will A Bad Credit Score Affect My Payday Loan Application?

Bad credit scores have nothing to do with your payday loan application. Because online lenders will not check your credit history, it is easy to access this type of loan. However, short-term loans come with a higher interest rate.

Wrapping Up on The Best Online Payday Loans Near Me

An emergency is not something people pray for; it is usually something they run from. And you must solve your emergencies effectively when they arise. However, online lenders serve as the surest means of getting the money required to solve your emergency.

It is not about solving the emergency, it is all about solving your emergency when you are supposed to solve it, and the best way to access funds for that is through payday loans online.

The brands we have recommended above are easy to surf and understand. They are well known within the loan industry and offer borrowers favorable rates. In addition, they have no stories of scam situations.


Blue Ribbon Group

Blue Ribbon Group

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