PAYDAY LOAN Application Form

How much would you like to borrow?

Personal Information
Personal Information
Additional Information
Additional Information
Your Transfer Details
Your Transfer Details
Need help? Use our ABA lookup.

Your data is secured using industry standard for the site information security. Your ABA/Routing number can be found on most bank statements as well as on the bottom of your checks.

By submitting your information you claim you have read and understood and agree to Privacy Policy , Terms of Use , Responsible Lending and Marketing Practices

Payday Loans in Philadelphia, Pennsylvania

Payday Loans in Philadelphia, Pennsylvania


Apply online for fast Payday Loans from the best Philadelphia, PA direct lenders to get quick and easy money.

Get a short-term cash advance with no credit check. You can qualify for Philadelphia cash loan even with no bank or checking account. Bad credit is not a problem to get approved for a fast Payday advance in Philadelphia either. Just fill out a free application form online and get an instant decision from multiple lending companies within a few minutes.

Pennsylvania Payday Advance is a short-term small-dollar loan for any emergency. It's available for those with bad credit, no credit, no income, even no bank account. Just fill in a simple application online now.


Apply for online payday loans and get instant decision from the best Philadelphia lending organization


Rates last updated March 24th, 2023


Smaller tax return than you expected? Apply online for quick cash. Apply

Are Payday Loans Legal in Philadelphia, PA?

Loan Rates and Fees, Laws and Regulations in Pennsylvania.

Payday Loans are restricted but available in Pennsylvania. Besides you can apply for $1000 - $5000 Installment and $5000 - $35000 Personal loans. 63 Penn Stat. Ann. § 2325, Consumer Discount Company Act, 7 Pa. Stat. Ann. §§ 6201 et seq.1 cap the interest rate to $9.50 per $100.

Law status available
MIN Loan Amount $100
MAX Loan Amount $1000
MIN. Loan Term 7 days
MAX. Loan Term 31 days
MAX APR $9.50 for $100 borrowed
Additional fees $1.50 service charge
NSF fee None
Collateral or guarantor None, unsecured
Number of simultaneous loans Not stated
Cooling off period None
Rollover Not stated
Extension, repayment plan Not stated
Default penalties Not stated
Credit score requirements Available for Bad Credit
Apply online

Payday Loans in Philadelphia, Pennsylvania: What Are They?

Payday Loans provided to people in Pennsylvania are typically thought of as short-term, daily loans. These short-term loans enable individuals to quickly escape their challenging circumstances. In a payday loan, the borrower typically sends the provider a check for the loan's total amount. The sum contains the additional fee needed to grant the short-term payday loan. At this point, the lender either issues a check to the borrower or arranges for an internet payment method to pay back the payday loans. According to tradition, the lender must hold onto the customer's check until the debt is paid off. And in this manner, all debts are made until payday.

To get the necessary money, Philadelphia’s residents can choose from internet or local lenders. Both provide quick funding choices and streamlined application processes. While some lenders require you to make direct payments, others automatically deduct payments from your account each month.


How Do Philadelphia, Pennsylvania Payday Loans Work?

A short-term credit that has been around for a while is the payday loan. It's a pricey choice that requires the borrower to pay back the debt by their following payday. These loans are available to those who require immediate clearance but are not eligible for other forms of credit. The most typical reason for using a payday credit is to get by.

Online payday loans are very convenient, but they are also very dangerous. Typically, lenders have different requirements for qualifying for monthly loans. You will be required to provide:

  • a duplicate of your license or other photo ID given by the state;
  • the social security information you have;
  • your checking account number and routing code;
  • your contact information (phone, email, and physical location).


Are Payday Loans Allowed in Philadelphia, Pennsylvania?

Consumers are protected by the law from predatory financing that preys on those who have critical financial situations. When it comes to payday loans, Philadelphia, Pennsylvania offers some of the most benevolent consumer safeguards. This means that lenders are prohibited from imposing unforeseen, unusually high interest rates and from pursuing legal action against debtors who are unable to settle their debts.


How Much Do Payday Loans Cost in Philadelphia, Pennsylvania?

Payday loans assume greater interest rates and APR because they are short-term cash advances. It ranges from 395 to 800 percent depending on the jurisdiction and lender. Look up the state's statutes and rules governing short-term loans if you need more information about interest rates in Pennsylvania. For each $100 borrowed, finance costs and fees are on average $15.


Benefits of Payday Loans

The convenience and speed of access to payday loans is the most important benefit. In contrast to more conventional lending goods, you can apply online quickly, and money may be transferred to your bank account the same day. This is precisely what a lot of people are looking for because these loans are frequently used to pay for unforeseen expenses like the cost of fixing a broken-down vehicle or urgent home repairs.

Additionally, debtors have a wide range of options. Payday loan are widely available from lenders, making it even simpler to obtain this type of credit.

Even people with bad credit histories may be able to get accepted for a payday loan without having to put up any security. Some significant high street lenders demand that borrowers pledge their vehicle, home, or other valuable assets as security in the event that they are unable to repay the debt. Payday lenders, on the other hand, provide unsecured credit, so you aren't immediately risking your personal property when you borrow money from them.


Payday Loan Drawbacks

There is no denying that payday loans are frequently quick and handy, but this type of lending can have serious disadvantages as well. This indicates that payday loans are not appropriate for all borrowers and may make it more difficult for your financial position to improve.

Payday loans are viewed as predatory by some because they prey on people with poor credit and low incomes. Although there are many other lenders and financial organizations that do the same thing, payday lenders have a bad reputation due to their aggressive collection efforts in the past. Even though the market is more regulated now than it has ever been, you should still research your choices before submitting a loan application.


The Bottom Line

People frequently consider payday loans to be a quick and simple way to obtain money. Payday Loans in Philadelphia are originally intended to assist borrowers in covering immediate expenses until their next paycheck.

Although this type of financing has benefits, not everyone should use it. Payday loans can be very expensive, despite the fact that they are simple to obtain even with poor credit. However, there are many other options accessible to borrowers, so you don't have to let the drawbacks of payday loans deter you from requesting financing.

PayDay Loan Calculator

Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.
To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.
$ Your loan
+ $ Your fee
= $ Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Payday Loans Near Me in the other cities of Pennsylvania

Show more
Show less

Payday Loans Available in Philadelphia, PA by the following ZIP codes:

19012 19019 19092 19093 19099 19101 19102 19103 19104 19105 19106 19107 19108 19109 19110 19111 19112 19113 19114 19115 19116 19118 19119 19120 19121 19122
19123 19124 19125 19126 19127 19128 19129 19130 19131 19132 19133 19134 19135 19136 19137 19138 19139 19140 19141 19142 19143 19144 19145 19146 19147 19148 19149 19150 19151 19152 19153 19154 19155 19160 19161 19162 19170 19171 19172 19173 19175 19176 19177 19178 19179 19181 19182 19183 19184 19185 19187 19188 19190 19191 19192 19193 19194 19195 19196 19197 19244 19255

In 2023 there are 1,567,872 people living in Philadelphia, PA. According to the statistics, 94072 of them look for "Payday Loans Near Me in Philadelphia, PA" or apply for Philadelphia Payday Loans online in need of emergency short-term financing. No wonder, these people request instant cash as their median household income is 38253. That's why COMPACOM was designed - to help customers complete a quick and easy application form 100% online and get guaranteed approval from the best Philadelphia, Pennsylvania direct lenders.

Payday Loans Store Locations in Philadelphia, PA

Cash Advance and other Money Offers in Philadelphia, PA:

Up to $5,000 instant cash with guaranteed approval from direct lender with a few months of scheduled installments.
$5,000 - $35,000 quick loans for any personal needs. Available for any credit score and don't require any collateral.
Fast Title Loans secured by your vehicle title as collateral. No inspection. No credit checks. Instant cash for bad credit same day.



How to qualify for online Payday Loans in Philadelphia, PA?


How Philadelphia Payday Loans online work?


Can I get a Payday Loan with bad credit in Philadelphia, PA?


Do Philadelphia lenders offer no credit check Payday Loans?


How fast can I get a Payday Loan in Philadelphia, PA?


Do lenders in Philadelphia, PA require a certificate from the employer?


How long does an online payday loan take?


Do you have to specify the purpose of a payday loan?


Can I take a payday loan at Compacom if I have a liability with another loan company?


How to sign a payday loan agreement?


Ask an Expert

Any comments or reviews made on this website are only individual opinions of the readers and followers of the website. The website and its authors team are not responsible, nor will be held liable, for anything anyone says or writes in the comments. Further, the author is not liable for its’ readers’ statements nor the laws which they may break in the USA or their state through their comments’ content, implication, and intent.

Start online application

Advertiser Disclosure

COMPACOM.COM is an independent advertising service that provides information and reviews on various companies to help customers compare them and get the best deal. If the company's page is not marked by "Affiliate Sign" and "Affiliate Disclosure", it means we are not affiliated with this business. We just provide the relevant data to help the company promote its services and let the customers find and get the necessary assistance faster.

COMPACOM.COM is not responsible for any products and services advertised and compared. As you click on any advertising block, you are redirected to the third party's website and it's your responsibility to check all the details of the deal. Neither is COMPACOM.COM liable for other companies' logos, names are trademarks™ or registered® trademarks used on our website. Their use does not signify or suggest endorsement, affiliation, or sponsorship. The main aim of COMPACOM.COM is to provide verified information that is taken from the companies' websites and other public sources and supported by the links to them.

COMPACOM.COM can get some compensation for featured placement of certain sponsored products and services, or your clicking on links posted on this website. But it doesn't impact the way the companies are evaluated. Their rating is based solely on real people's reviews which go through a double verification via phone number and e-mail.

We strive to keep all the information on this site up-to-date and accurate but you should check any rates and terms as well as other product or service information on the provider's website.