Online payday loan and installment loan lenders are designed to provide fast loans.
The 3-5 minute loan applications generally require name, employment, bank and payday information. Loan approval is fast and can happen in seconds. Fund availability is fast with cash generally being available in your checking account by the next business day. Payday loans are due in full your next payday. Term loans have a longer repayment period with payments stretched out over multiple paydays. Payments for both types of loans are deducted from your checking account. Because payday loans and term loans are underwritten based on your next paycheck and not your credit worthiness they can be made to individuals with poor credit.
These loans are designed to meet a short-term, emergency funding needs and fees can add up quickly. Make sure to review and understand all terms before taking out a payday loan.
The Payday Hound provides one of the largest and most in-depth collection of reviews and rankings of online payday loans and term loans. Our Payday Loan and Installment Loan tables rank providers based on our proprietary sniff test score and lender pricing. More detailed lender information on loan features, trust and reliability, and application data can be found by clicking each lender’s logo.