Table of Contents:

Advantages of the Short-Term Loan

Disadvantages of Instant Cash Loans

Apply for a Guaranteed Loan

Conditions to Qualify for a Short-Term Loan

One of life’s vexing problems is the shortage of money when you need it the most. You can get a loan no matter what with guaranteed Payday Loans Online. If your car broke down or your dishwasher stops working and you need the money to fix the problem, the best solution is the short-term loan. This loan is for 10-14 days and they charge a huge interest but you get what you need - cash in hand within 2-3 days.

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Advantages of the Short-Term Loan

Apply without Leaving Your Room

  1. The entire loan process gets completed online, you don't have to go to any office or meet anybody.
  2. There is no verification process so the loan gets sanctioned fast.
  3. All you need is access to the internet.
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Quick Access to Cash

The money gets sanctioned within hours and they send it to your bank account within the end of the day. You might even get the money instantly if things go well. People who want money within two days can use this to get over their money problems.

Bad Credit Doesn't Matter

There are instances when you forget to repay a loan and get bad credit for it. People with bad credit will find it hard to get a loan. But with Instant Money Loan, you don't have that worry. If you qualify by meeting the conditions, you will get the loan no matter what.

Better than a Bank Loan

The other option is to apply for a bank loan. These bank loans take weeks to get sanctioned. For people who want money within two or three days, this option is not preferable. Also, the bank will ask for some kind of bank balance and a guarantor. If you don't have these, they will refuse to give you your loan.

The quick cash loan doesn't ask for any backer or bank deposit. All you need is to meet the conditions laid down and you will get the loan.

Compare the best direct lenders offering quick cash loans:

LendYou will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • $100 - $1000 Payday Loans
  • $1000 - $5000 Installment Loans
  • $5000 - $35000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
Pros
  • High up to $15,000 loan amounts. 
  • Minimal restrictions on how you can use your loan.
  • No collateral or guarantor.
  • Bad credit is OK. 
Cons
  • It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 

 

Check Into Cash offers Payday Loans, Title Loans, Personal Installment Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $50
  • MAX Loan Amount: $3000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day
  • Payday Loans
  • Online Payday Loans
  • Title Loans
  • Installment Loans
  • Online Installment Loans
  • Line of Credit
  • Flex Loans
  • Other Services
  • Check Cashing
  • Bill Pay
  • Western Union 
  • U.S. Money Card
  • Cell Phone Top-Ups
  • Sell Us Your Gift Cards For Cash
  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $50.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Greenlight Cash created an online platform to connect consumers like you with reliable lenders across the country. They partner with a large network of professionals so you get a chance to work with one of them and meet the challenge of improving your financial situation in the most effective way. Once you tap submit, you get one step closer to receiving the funds.

  • Payday Loans
  • Installment Loans
  • Personal Loans
  • be a legal U.S. resident
  • be at least 18 years old
  • have a stable source of income
  • be currently employed
  • have an active bank account
Pros
  • Unrivaled flexibility and accessibility.
  • Predictable monthly payments

  • Quick and simplified borrowing process

  • Any credit is welcome
Cons
  • Not a direct lender.

 

GoGoPaydayLoans offers Payday Loans at affordable rates with convenient repayment terms. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $1000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day

$100 - $1000 Payday Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $100.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Loan By Phone offers Payday Loans, Installment Loans and Line of Credit.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $3000
  • Terms: Varied
  • Rates and fees: Vary by state
  • Turnaround Time: 1 business day
  • Payday Loans
  • Installment Loans
  • Line of Credit
  • 21 years of age
  • Social Security Number
  • Proof of Income (from your job, pension, welfare, or other source)
  • Valid email address
  • Active checking account (open for at least 90 days)
  • Current cell/home and work phone number
Pros
  • All loan applications and requests are guaranteed confidential and all transactions are governed in accordance with the laws of your state of residence.
  • Flexible repayment.
  • Available in most states.
Сons
  • High interest rates.
  • If you don't pay back on time your data may be sold to third parties.

 

Indyloan.com offers Personal Loans online at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $5000
  • Terms: Vary by state
  • Rates and fees: Varied
  • Turnaround Time: 1 - 2 business day

Personal Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
Pros
  • Quick - no driving, waiting, faxing, paperwork.
  • High approval rate even for bad credit borrowers.
  • Online Payday cash advance with no collateral or co-signer.
  • 24 / 7 online service.
Cons
  • High interest rates.
  • Available not in all the states.
  • Only loans up to $5000 are available.

 

Disadvantages of Instant Cash Loans

Pay a High-Interest Rate

There is a high interest to pay for this loan. To get a quick cash loan of $375 for 10 days, you will have to pay an interest of $57.9 to $86.2 which works out to about 300%. If you don't mind paying this interest, you get money fast. This helps you get over your cash problem. You can meet the expenses when you are short of cash.

Small Loan Amount

The amount of money you get is small. You cannot get $3000 or more through this method. At most, you get $1000 and you can apply for an amount as small as $100. If you need big loans, you cannot use this method.

Apply for a Guaranteed Loan

  1. Begin the loan process by submitting your application form. The process is easy, you begin by typing ‘easy online payday loans’ into your computer or smartphone. You will get a page with a list of all the websites that offer payday loans. You have to choose the one you want from this. Choose Online Payday Loans Michigan.
  2. You will come to our site. Click on Apply Now and you will open a page that has a form. Fill this form up with details such as your name, address, social security number, place of work, and the loan amount. Once you submit this to us, we will go through it and see which lender meets your specifications.
  3. Once we get all the lenders who will lend money to you, we compile the list and send it to you. Each lender will offer different interest rates and the period within which you must repay the loan. You will get this list in the email.
  4. After you get this list, you have to choose one lender who you like. We will inform the lender and arrange to get your loan sanctioned. This will take only one or two hours and you will get the money shortly afterward. The lender will send the money to the bank account you have mentioned in your application form. Upload your document online and submit it along with the form.

Conditions to Qualify for a Short-Term Loan

The first thing to do is to make sure you qualify for the loan. Here are the conditions you must meet to do so:

  • The borrower must be a US citizen and 18 years of age.
  • He or she must have a job that pays a salary of at least $1000 each month.
  • You must have at least three months of continuous work experience at work before applying for the loan.
  • Submit the application form and agree to the lender’s condition.

Get your guaranteed loan within the day if not hours by applying online. Meet your need for small cash needs with the loan. It is easy and you get the money fast. Make sure you qualify for the loan and send your application.