Best Online Payday Loans: Top 5 Loan Lenders For Guaranteed Approval Of Same-Day Loans [2022]

If you are stuck in a financial emergency, you can turn to the thousands of online money lenders for a guaranteed loan. However, as the options have increased, so has the risk.

How do you decide which loan you should apply for? Which lender can you trust? Will you qualify for any online loan that you applied for?

Payday loans are usually short-term loans, the principal of which depends on your paycheck. Such loans are unsecured loans with no collateral, making them ideal during a crisis. When you are desperate for quick cash, be it for the unplanned vehicle repair or some medical expense, a financial emergency is always lurking around the corner, online payday loans can be your best bet.

Payday Loans are different from other loans because the interest rate is usually fixed, and the borrowers usually pay off the loan in one go. In simple words, the loan will be repaid when you receive your next paycheck.

This article has mentioned some lenders who provide safe borrowing options for Online Payday Loans. We have evaluated each lender and provided a detailed review of each to help you find the best online payday loan.

Top 5 Best Online Payday Loan Lenders For Fast Cash Loans:

  1. MoneyMutual – Overall Best Loan Company For Online Payday Loans; Best Installment Terms
  2. FundsJoy – Recommended For Fast Funding Of Quick Cash Loans
  3. BadCreditLoans – Popular Direct Lender Of Bad Credit Cash Loans & No Credit Check Loans
  4. CashUSA – Trusted For Fast Cash Loans At Suitable Loan Repayment Rates
  5. PersonalLoans – Top Choice For Personal Loans & Emergency Loans Online; Flexible Loan Terms

Here are the detailed reviews of our top picks:

#1. MoneyMutual – Overall Best Loan Company For Online Payday Loans; Best Installment Terms


If there is one platform that almost all Americans trust, it is MoneyMutual. It gives you many reasons to choose this platform and be your absolute favorite.

First of all, this platform has been built on a simple policy of helping people in an emergency. It is mentioned on their website that their research suggests four in ten Americans would not be able to come up with $400 during an emergency. They felt it was their duty to stand by these people. They have served over two million people, which shows how popular they are.

Secondly, when you visit their website, you can see the OLA seal at the bottom of the website. OLA stands for Online Lenders Alliance, and its members are dedicated to ensuring the best customers experiences. So, you can remove the worries of getting cheated by the lender or falling into a scam.

MoneyMutual works with a network of lenders and acts as the perfect matchmaker between the borrowers and lenders. They have a network of sixty lenders who provide payday loans, emergency loans, equity loans, and other types of loans.

The process of applying for a loan with MoneyMutual is straightforward. One simply needs to fill in all the details in the application form, which is then forwarded to the lenders for review. This service is free, and anybody can fill out the application if they meet the eligibility criteria.

MoneyMutual sets general eligibility criteria for all borrowers. However, every lender has a few guidelines set by themselves. Even if you meet MoneyMutual’s age limit criteria, have an active checking account, etc., your application might get rejected by the lenders. Upon reviewing the application form, you will be forwarded to the lender’s website if a lender decides to work with you. The lender will contact you to finalize the loan through call, email, or text.

Be informed that MoneyMutual will not be responsible for any issues between you and the lender. It is upon your discretion whether you want to accept the lender’s terms and conditions for the loan and finalize the loan offer.


Simple Application: You need to follow a few simple steps to submit the loan application. These steps have been designed in a friendly manner to make it convenient for everyone and keep the application process accessible and easy.

Trusted Platform: More than two million people trust MoneyMutual’s service. This massive trust of the people in MoneyMutual speaks volumes about its exceptional service.

Monthly Income: To be eligible for online payday loans, you should have a monthly income of $800. Even if you do not have a job, and this amount comes from social security benefits or pension, you will still qualify for a payday loan.

Online Resources: There’s a section called payday loan information that one can find on the website of MoneyMutual. You will get all information related to payday loans there.

No Credit Requirement: If you meet the essential eligibility criteria of lenders, you can qualify for a payday loan even with poor credit scores. It is a great advantage for borrowers who have difficulty maintaining credit scores.

Security: The platform of MoneyMutual is secured to keep your transaction and personal information safe. Any third-party platforms will not access the information you share in your application.

⇒ Visit the Official Website of Money Mutual


  • Reputed lenders
  • No minimum credit
  • Wide network of lenders
  • Free service
  • Fast turnaround time
  • OLA certified
  • Secured website


  • Not available in New York and Connecticut
  • Minimum monthly income of $800

#2. FundsJoy – Recommended For Fast Funding Of Quick Cash Loans


FundsJoy is associated with payday loans in some circles. This is not the case; in fact, they are the leading provider of bad credit loans in the United States. In some cases, FundsJoy can connect you with people who can provide you with immediate funds ranging from $200 to $5,000. After all, FundsJoy collaborates with a wide range of active lenders. Smaller loans, ranging from $300 to $500, can also be applied for and are frequently much more common than larger amounts. FundsJoy can offer three different types of loans: payday loans, emergency loans, and bad credit loans. Payday loans are the easiest to obtain due to their low qualification criteria; however, they typically have high-interest rates. Because FundsJoy is so versatile, it can assist with emergency funds in a wide range of situations. It is entirely up to you to choose the best lender for you.


Customer Support: FundsJoy is well-known for providing excellent customer service. You can contact them if you have any questions about your loan, and they will gladly assist you.

Loan Types: FundsJoy has a solution for you whether you want an emergency loan or a payday loan.

Security: They keep your personal information and data safe. They take appropriate precautions to prevent third-party websites from accessing borrowers’ personal information.

Transparency: FundsJoy guarantees complete transparency throughout the lending process to people with bad credit. They do not charge any hidden fees and will always ensure that you get the most out of your transactions.


  • Application in less than 5 minutes
  • Many kinds of loan facilities are available such as payday loans, bad credit loans, and emergency loans
  • Safe & user-friendly website
  • Providing smaller loans up to $200


  • They are not a direct lender
  • Late Payments leads to a lower credit score

#3. BadCreditLoans – Popular Direct Lender Of Bad Credit Cash Loans & No Credit Check Loans


Another online platform that helps connect borrowers with both tribal and state lenders is BadCreditLoans. It is not a lender. Its responsibility is limited to connecting borrowers with lenders.

If you think you can get in touch with them over some issues that arise with your lender in the later period of the transaction, then you are wrong. But their network of lenders is trusted and registered. So, there is very little that can go wrong with the lenders.

BadCreditLoans do not charge any extra amount for connecting you with the lenders. Borrowers get connected to the appropriate lenders for free. One can qualify for a loan amount up to $10,000.

Credit scores are not considered as one of the eligibility criteria by BadCreditLoans. They understand that most American households do not have a perfect spending history. A financial crisis can arise out of nowhere, even with a proper budget. While a good credit score can ensure you an immense amount with reasonable interest rates, you can still qualify for a loan with your poor credit score.

To secure a payday loan, you will have to fill out and submit an elementary form available on its website. If your application gets approved, a lender will get back to you immediately.

Once you receive an offer from your lender, you will view the loan agreement, and all the terms will be mentioned here. Make sure you carefully review the agreement and know all about the loan repayment period, interest rates, and service charges, if any. You are not obligated to accept any loan offer.

To maintain secure transactions, borrowers need to add an electronic signature on the lender’s contract. Upon adding the signature, the process will be complete. If you accept the offer, the lender will transfer funds to your bank account within twenty-four hours.


Annual Percentage Rate:BadCreditLoans has set an APR between 5.99% to 35.99%. While the exact APR will depend on your loan amount and terms, a lender won’t charge you more than the APR set by BadCreditLoans.

Customer Support: BadCreditLoans is known for its excellent customer support. You can reach out to them for any queries about your loan, and they will readily offer you a solution.

Loan Types: Whether you want to repay a loan or need funds for an emergency, BadCreditLoans offers different types of loans for different purposes.

Other Services: If you do not qualify for a loan, you can get other financial services from their third-party lenders’ network. Other services include credit repair, debt relief, etc.

Security: Your personal information and data is secured with them. They take appropriate measures to prevent third-party websites from accessing the personal data of borrowers.

Resources: You can get various resources on how to avoid falling into a scam and other resources related to scams on the website of BadCreditLoans. These resources are meant to educate people.

⇒ Visit the Official Website of Bad Credit Loans


  • 24/7 online service
  • Free service
  • Great customer support
  • Both state and tribal networks of lenders
  • Different loan types are available
  • Secured website
  • Scam related resources available


  • High interest rates

#4. CashUSA – Trusted For Fast Cash Loans At Suitable Loan Repayment Rates


CashUSA is another online platform chosen by hundreds of Americans for convenient, fast, secure loans. It is similar to the other platforms mentioned in this article. CashUSA.com is a marketplace for borrowers and lenders.

The state and tribal lenders in CashUSA.com’s network give loans from $500 to $10,000. The rates and fees of tribal lenders are higher than state lenders since they are subject to tribal and federal laws, not state laws.

Although this loan portal may ask your credit type in the loan application, borrowers do not need to maintain a high credit score if they meet other loan criteria. The credit type is only asked to connect borrowers with appropriate lenders. The other criteria set are elementary and similar to other platforms.

To qualify for a loan on this website, you should have a monthly income of $1,000 after taxes. The lender might have some other eligibility criteria set for borrowers. In that case, you will have to meet the lender’s specific requirements.

There is a three-step process for the submission of a loan application. The first step requires personal information and the reason for the loan. You will be asked for employment details, contact information, and identification in the second step, and the final step will ask for your bank information.

When you submit a loan request, the application is forwarded to lenders. After viewing your application form, the lenders decide to work with you. If a lender accepts your application, the lender will offer you a loan proposal. You will be able to view all terms and conditions before you agree to the offer. Make sure to ask for clarification if you fail to understand any terms.


Simple Criteria: The criteria set by CashUSA.com and its lenders are elementary to meet. Most borrowers turn to CashUSA.com when they fail to secure a loan from other platforms.

Helpful Website: The website of CashUSA.com is user-friendly and contains all necessary information. A borrower can have all the correct information available before applying for a loan.

Approval Time: The entire process of applying for a loan, getting to know if you qualify, and the following processes until getting the amount in your bank account happens reasonably fast. You will get the amount within the next business day of approval of the loan.

Automatic Withdrawal: To make the process hassle-free for borrowers, the lenders at CashUSA.com offer automatic withdrawal of your monthly repayment. You might have to incur an extra charge if you fail to meet the repayment.

Repayment Period: Most lenders offer a repayment period between 90 days to 72 months. The exact duration will depend on your loan amount and type mentioned in the loan agreement.

Educational Resources: CashUSA.com offers more than the right loan amount for their customers. There is a pool of financial resources on the website written by their financial experts and available for all visitors.

⇒ Visit the Official Website of CashUSA


  • Helpful website
  • Reputed and trusted lenders
  • Guaranteed approval of the loan
  • Quick transfer of loan amount
  • Vast financial resources available
  • Loan amount up to $10,000
  • High security


  • Not suitable for borrowers looking for vast amounts of loans

#5. Personal Loans – Top Choice For Personal Loans & Emergency Loans Online; Flexible Loan Terms


Another convenient platform that offers you a loan amount from $1,000 to $35,000 is Personal Loans. This platform truly makes the process of online loans super convenient for borrowers. You will get different options for different lenders, which gives you the chance to review the best loan option for you.

The company has a vast network of lenders you will be connected to for free. The massive network of lenders makes it possible for you to get online payday loans in the best interest. You do not need to state a definite reason for the loan. Whether a sudden expense has come up or you want to pay off a pending loan, PersonalLoans will give you a payday loan for any issues.

PersonalLoans does not take part in the lending process. Once you fill out the application form on their website, where you must put some personal information, the loan facilitating portal forwards the application to the lenders.

After reviewing your application, if any lender or lending partners of the portal decide to work with you, PersonalLoan will take appropriate measures to put you directly on the lender or its website.

The rest of the process preceding the approval of the loan will take place on the lender’s website only. If approved, the lenders will transfer the money directly to your bank account.

The eligibility criteria set by Personal Loans are easy to meet. You should have a stable monthly income to repay the loan amount.

The lenders at Personal Loans accept loan offers from all credit scores. However, having a good credit score will undoubtedly give you an edge over others. Also, as a borrower, you should not have a history of late payments or bankruptcies or have an outstanding debt.


Quick and Easy Application: The application will not take more than a few minutes to complete. They get to work as soon as they get the application from you.

Straightforward Process: The platform utilizes a straightforward, simple process. You will understand each step until you get the loan amount in your bank account.

Huge Amount: The amount given by PersonalLoans is higher than what you would get on any other platform. That is why Personal Loans should be your one-stop solution for all kinds of loans.

Repayment: Payday loans are usually paid off in one lump sum amount. You will have to pay off the amount when you get your next paycheck.

Flexible Terms: The lenders on Personal Loans are known for their flexible terms. You will not get such flexibility anywhere else.

Resources on Payday Loans: The platform is very transparent about its services. You can get all the necessary information about payday loans on the website before applying for the loan.

⇒ Visit the Official Website of Personal Loans


  • A high amount of loans
  • Flexible loan terms
  • A massive network of lenders
  • Simple, straightforward process
  • No extra fees
  • Co-signers allowed
  • Secured transaction


  • Strict selection procedure

How Did We Listed The Best Lenders Of Personal & Payday Loans Online:

Writing a review for online money-lending platforms is not as easy as writing a review of a unique homestay you experienced on your recent trip. We do not want to make any mistakes in selecting your lender.

The idea of an online loan might sound crazy to most readers. But after we take you through the journey of how we have come up with the list of lenders, you will trust these lenders and us.

Our work started with gathering a complete list of all the lenders available in the market providing online payday loans. We found thousands of online lenders all claiming to provide guaranteed loans. We looked at each company’s website and checked their track record.

Furthermore, we checked the privacy policy and security guidelines of the lenders. All the lenders that do not provide transparent conditions were eliminated from the list. To understand the lenders better, we got in touch with several of them. While many expressed their gratitude and happily cleared our doubts regarding their terms, a few never bothered to pick up the calls.

Finally, we asked the existing customers about their experience and what they liked and disliked about each platform. We also ran by the final list with the financial experts.

We prepared a list of parameters that have helped us bring down the list to only four platforms. We checked each parameter with the platforms mentioned.

What We Looked For:

The factors we looked for in each of the platforms are mentioned below.

  • The reputation of the platform as a trusted online lender
  • The eligibility criteria set by the lender which the borrowers need to meet before applying for the loan
  • The turnaround time for online payday loans
  • The flexibility offered by each of the lenders to borrowers with difficult situations
  • The credit requirement set by the lender
  • Service charge and other additional charges the borrower has to incur
  • Transparency maintained by the lender throughout the process
  • Customer support by the platform for borrowers with grievances
  • Customers’ experiences with the lender
  • Methods of repayment

Factors To Consider Before Choosing No Credit Check Payday Loans :

All of the platforms mentioned here provide legitimate lending options and work with genuine lenders. So, we can assure you that you will be in safe hands with them.

But if you are looking to explore more options, you should have a guide to know you are on the right path. It is easy to feel overwhelmed when you have too many options in front of you. Often, what may seem like the right option can be a blunder. We have mentioned here a few factors that you can use to measure the genuineness of a lender and the feasibility of the loan.

Step #1: Understand Payday Loans Terms and Rates

The first step to knowing if you are on the right path is to educate yourself. For this, you need to do your research and stay aware of the different online payday loans terms and rates. Different lenders charge different rates. The rates depend on the loan amount, credit score, and repayment history.

If you are getting dirt-cheap interest rates, you should step back and evaluate other options. It is the same for sky-high rates as well. Also, consider other lenders if a lender asks you to pay a service fee or charges you every time it connects you with a new lender. Most platforms offer a free service for connecting borrowers with lenders. The service charge will only be charged when you get your loan.

Also, read the loan term before accepting the loan offer. You will have an opportunity to review the agreement and all terms and conditions when you are made the loan offer. Avoid this mistake.

Step #2: Know the Requirements

One should meet specific requirements to qualify for a loan. Meeting the eligibility requirements does not mean you will qualify for the loan, but it is like taking one right step towards it.

You should know the requirements so that no lenders harass you unnecessarily. The requirements vary with lenders. However, some basic requirements include:

  • Being at least eighteen years old
  • Having a valid identity and employment proof
  • Having a valid checking account

Besides this, some lenders set a specific income requirement, which varies between $800 to $1,600. Most lenders give loans with no credit checks if you have a decent monthly income. Also, most lenders only lend to US citizens.

It will be easy to navigate through different lenders and compare if you know these requirements. Compared to traditional loans, payday loans are easy to qualify for.

Step #3: Consider All Your Options

You turn to online payday loans when you have exhausted all your options. However, make sure that you consider all alternatives. If you manage to secure some amount from your relatives or your savings account, it is best to avoid a loan.

Also, you do not want to be in debt because you fail to make timely payments. So, before you apply for a loan, consider your income and other expenses. Also, avoid taking an amount more than you require. If you think some extra amount will only help you improve your condition, you are wrong. It is not worth it. You will only regret later when you face difficulty repaying as the extra amount is also bound to be spent sooner or earlier.

Step #4: Do Not Accept an Offer In Case of Any Confusion

If you are unsure about the lender’s terms or have difficulty understanding the offer, reject the offer immediately. Even after the lender provides you with an explanation, turn down the offer if it does not satisfy you.

Look for another lender or register yourself on a new platform. Also, look for the red flags in a lender. If he asks for an upfront payment, tries to lure you to a different platform with reasonable interest rates, or makes any unofficial contact, walk away from the lender.

Make sure to clear all kinds of confusion before you accept the offer. Because once you accept the offer, you will have nothing to do except paying for the damage already done. Get in touch with the customer support team and ask for assistance or clarification for a smooth process.

FAQs On Instant Payday Loan:

Q1. : Where can I use an online payday loan?

A: You can use an online payday loan for any purpose you want. People usually apply for a payday loan for sudden emergencies that crop up. Be it travel or medical expense; a payday loan can fulfill both.

Q2: Can I get an online payday loan with bad credit?

A: Yes, you can get an online payday loan with bad credit. Some lenders work with borrowers with a poor credit scores. If you are keen to increase your chances of getting a loan, it is best to explore options with such lenders only.

However, you should keep in mind that poor credit means fewer options for loans, and even if you manage to get a loan, you will have to pay higher interest.

Q3: Can I get the amount of my online payday loan instantly?

A: No lenders can give you instant funds for your loan. It is the same everywhere — be it online or in-person. Lenders take time to process your loan application and present you with the loan offers. You should at least wait twenty-four hours to receive the fund in your account.

Q4: What are the documents required for an online payday loan?

A: The documents required for online payday loans include:

  • Social Security Number
  • Address proof, income proof, and contact details
  • Proof of citizenship

Q5: What is the easiest way to get online payday loans?

A: There is no shortcut to getting quick online payday loans. You need to submit your loan request and wait for the lender to send you an offer. The platforms mentioned here in this article are known for their fast turnaround time.

Q6: Will the lender check my credit score before giving me the loan?

A: You will have to mention your credit score on the loan application. It is used to search for the correct lenders for you. You will find lenders who do not perform any credit checks. Some lenders perform a soft credit pull on your credit report to not affect your scores.

Q7: What are the interest rates for online payday loans?

A: There is no fixed interest rate for online payday loans. The interest rates depend on the payday lender, the loan amount, and the repayment tenure. The Annual Percentage Rate (APR) the lenders charge usually varies between 5.99% and 35.99%. That is the industry average. But, it is good to keep in mind that these loans are expensive because the majority of the borrowers are bad credits and the lenders take a significant risk in providing loans to such people.

Q8: What are the repayment options for online payday loans?

A: The repayment methods for online payday loans are usually determined mutually by the lender and borrowers. Most lenders offer auto-withdrawal of the amount. Also, online payday loans are paid off when borrowers receive their next paycheck. Ideally, you will not get more than thirty days to repay the loan.

Q9: What are the advantages of online payday loans?

A: There are several advantages to an online payday loan:

  • It is easy to qualify for
  • You will only get the amount you can pay back as it depends on your income
  • Online payday loans take only a few days to be processed
  • Excludes the process of credit check
  • Payback with your next paycheck
  • Use the amount for anything you require

Concluding – Trusted Payday Loan Lenders Of 2022

You have got every information on Online Payday Loans at the tip of your hand now. It’s just a matter of time before you get your hands on an online payday loan.

If, for any reason, it seems like a bad idea for you, well, you are the best judge of your situation. But we have provided all the accurate information to help you in your difficult situation here in this article.

Usually, online payday loans are a safe option for people who need extra cash suddenly. You can pay off the loan from your next paycheck, so the burden of a loan will not loom over your head for long.

You do not have to run to banks or lenders, fill out endless documents and wait in long queues. With online payday loans, you can fill out the loan application, select your lender, get the amount in your bank — everything in a couple of days at your convenience.

The information provided in this article can help you choose the best platform that suits your need. If you keep the necessary documents ready before submitting your loan request, you can apply for the loan in less than five minutes. Do not let hundred other articles confuse you. If you have any doubts, it is best to take it up with a financial expert or customer support of the platform.

We hope you will find the information helpful and make the best of the resources. Do not be embarrassed to apply for a loan. There are thousands of others like you in the same situation. If you need the loan, go and get it!

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