Get Cash in Your Bank Account with Online Payday Loans


Online payday loans can be an excellent help whenever you have an emergency need. However, getting the best payday lender can be challenging, with thousands of lenders flooding online sites.

That’s why you should be careful when selecting online payday lenders. And I am here to ensure that you don’t fall into the wrong hands.

But before I take you to the best online payday loan lenders, I need you to understand the loans first.

What are Online Payday Loans?

An online payday loan is a short-termed borrowing you take from online sites and repay after two weeks. The high-interest rates usually characterize online payday loans, but people never seize to apply for them.

Despite the high-interest rates, people like online payday loans because of their fast nature. For instance, you can apply for a loan and get it into your bank account after a short while. And that saves you the time you could have used to go to traditional banks looking for short-term loans.

Characteristics of Online Payday Loans

They are easy to apply

Once you apply for an online payday loan, you will not need to go to a physical lender to get your funds. Instead, with an online payday loan, you will access the funds in the comfort of your home.

They have very high-interest rates

Online payday loans have very high rates that could start from an APR of 391%, and some other lenders can charge up to 1600%.

You pay in bulk amount

Once you take a payday loan, don’t expect to repay it in small installments. Instead, the lender expects you to repay the loan and the interest all at once. Therefore, ensure that you take a tiny amount that you can afford to repay using your paycheck.

Online payday loans are usually short-term loans

Do not expect to take a payday loan and repay for a whole year. Instead, the lender needs you to repay your loan after 16 days, all at once.

You get flexible loan amounts

Since you will repay a payday loan after two weeks, you cannot take an amount that exceeds your paycheck. Otherwise, you will not manage to control your budget.

There are no credit checks

Payday loans are for people with bad credit. That’s why you find that the lenders do not bother with credit checks. Instead, all they need to know is that you can afford to repay the loan.

Now, since you’ve seen the characteristics of payday loans, you need to know where you can get such loans.

Where to get Online Payday Loans

Viva Payday Loans

Viva Payday Loans is a site where you can get multiple loan types from different lenders. You can get a no credit check payday loans with bad credit since the site has numerous lenders to rely on to get fast cash.

Vivapayday loans allow you to get instant cash ranging from $100 to $5000 with an APR of 5.99 to 35.99%. If you need a loan from this site, you don’t have to start looking for a store, you only need to go to their website, and you’ll get all you need.

Bad Credit Loans

This site is not a direct lender, but it’s a site that allows you to meet multiple lenders who will help you get an online payday loan. The good thing about this lender is that you can still access a loan with a bad credit history.

With these bad credit loans, you can access payday loans and personal loans ranging from $500 to $10,000. And the fantastic thing is that they will give you time to repay the loan for not more than six years.

The sites lenders cup their maximum APR at 35.99%. And that’s much better than a typical payday loan lender. In addition, lenders on this site can allow you to pay your loan from 3 months to six years.

MoneyMutual Loans

Money Mutual has more than 85 lenders who can give you online payday loans ranging from $200 to $5000. The starting amount is good if you don’t want to get so much money that you cannot repay it on the agreed time.

The lenders here still cup the APRs at 35.99%, and that’s much fair than typical payday loan lenders who can even exceed an APR of 391%.

The lenders here can allow you to repay your loan for a maximum of two years. And that time is enough for paying such a loan amount.

The Bottom Line

You can always get an online payday loan without much pressure, but what if you cannot afford to repay the loan? That will be the beginning of a destructive lifestyle, which is not good.

Therefore, the only good thing you can do is create more income streams, which will be a sure way to financial freedom. And if you must take a loan, please apply for an amount that you can comfortably repay.


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Founded in 1994 by the late Pamela Hulse Andrews, Cascade Business News (CBN) became Central Oregon’s premier business publication. •

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