4 Best Payday Loan Sites

Written By Jeff Hindenach
Last updated November 23, 2019

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Loans
November 12, 2016

Simple. Thrifty. Living.

While payday loans can be extremely expensive, they can also be helpful when you need money in a hurry. Just know that not all payday loan sites are created equally. You need to do your homework before you decide on a payday loan site, otherwise you might end up paying a lot more than you need to.

Here are a few things to look for when looking for the best payday loan site:

APRs: Some of the APRs for payday loans can be astronomical, reaching upwards of 2,000%. Luckily, since these are short-term loans, those APRs usually only add a small percentage to your overall bill, unless you are unable to pay on time. The longer you wait to pay, the more those high APRs are going to grab from your wallet.

Fees: Most payday loan sites charge a fee per $100 borrowed. Look for sites that have low fees or even the few that offer no fees at all.

Reputation: Look for payday loan sites that have been around for a while. Also look at the payday loan site’s Better Business Bureau rating; this will include complaints against the company so you can better assess if they are a right fit for you or not.

We’ve collected some of the best payday loan sites to give you a few top sites to choose from:

While Cash Advance has no extra fees, it does charge one of the largest APRs for a payday loan site, so if you think you might not be able to pay your loan back quickly, it might be smart to look for a different payday loan service. The other benefit of Cash Advance is that it offers same-day funds, while most other payday loan sites only offer next-day funds.

Loan amount: You can borrow up to $1,000.

APR: Depending on your financial situation, the APR varies from 771-1564%.

Fees: None.

Loan Term: You can borrow money for up to 30 days.

Same-day funds: Yes.

Of all the other payday loan sites that aren’t Rise, Check Into Cash has the lowest APR range. Its fees are also pretty lower, considering the competition. Check Into Cash has also been around the longest (founded in 1993) and has one of the best reputations.

Loan amount: You can borrow up to $1,000.

APR: Depending on your financial situation, the APR varies from 154.65 – 782.14%.

Fees: It varies from $13-$30 per $100 borrowed.

Loan Term: You can borrow money for up to 28 days.

Same-day funds: No, they have next day deposit.

Trusted Payday offers up your payday loan to over 70 lenders, give you more variety and a better chance of getting approved for a loan. The only downside is that much of your loan (APR, fees, length) are going to depend on which lender chooses your loan. Another benefit of Trusted Payday is that there are no credit checks, which means you can apply even if you have horrible credit.

Loan amount: You can borrow up to $1,500.

APR: It depends on the lender you are borrowing from.

Fees: It depends on the lender you are borrowing from.

Loan Term: You can borrow money for up to 31 days.

Same-day funds: Yes, in certain cases.

CashNet USA is one of the biggest names in payday loans. They have a great approval rating and have pretty average APRs and fees when it comes to payday loans, so you know you aren’t getting swindled. They also practice in 30 of the 50 states, which is more than other top payday loans sites. Currently, they are offering 50% off any fees on your loan.

Loan amount: You can borrow up to $1,000.

APR: Depending on your financial situation, the APR varies from 235 – 683%.

Fees: It varies from $10-$25 per $100 borrowed.

Loan Term: You can borrow money for up to 30 days.

Same-day funds: No, they have next day deposit.

About the Author

Jeff Hindenach

Jeff Hindenach is the co-founder of Simple. Thrifty. Living. He graduated from Bowling Green State University with a Bachelor's Degree in Journalism. He has a long history of financial journalism, with a background writing for newspapers such as the San Jose Mercury News and San Francisco Examiner, as well as writing on personal finance for The Huffington Post, New York Times, Business Insider, CNBC, Newsday and The Street. He believes in giving readers the tools they need to get out of debt.

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