Best Payday Loans Online With No Credit Check And Instant Approval From Top 5 Payday Lenders In 2022

Do you have an unexpected cost you need to cover, but the payday is still far? Or maybe you can’t go through the month with your wage and need additional funds? Whatever the problem is, a payday loan can help you deal with it.

Also known as cash advance, online payday loans can help you cover your costs until you get your wage. They are short-term small amount loans (mostly under $500) that may come in handy when you need a few hundred bucks more.

Many online payday loan providers would be happy to help you overcome your financial issues. However, if you’ve never taken a loan before and don’t know which lender to choose, choosing an online payday loan might be a bit complex.

But, don’t worry. In this article, we review the best online payday lenders and provide you with a guide on how to choose the right payday loan. We also answer the most common questions to help you get the full image of how payday loans work and how they can help you.

Top 5 Online Payday Loans For People With Bad Credit

  1. MoneyMutual: Overall Best Platform For Payday Loans Online On The Market
  2. BadCreditLoans: Bad Credit Loan Lender For Fast Payday Loans; Guaranteed Approval
  3. RadCred: Direct Lenders For Instant Payday Loans Online With No Credit Check
  4. CashUSA: Get Fast Cash Advance & Online Payday Loans For Bad Credit
  5. Personal Loans: Top Financial Institution For Personal Loans For Bad Credit

#1. MoneyMutual: Overall Best Platform For Payday Loans Online On The Market


MoneyMutual was founded in 2010 with the idea to make lending simpler. It operates as an online lending marketplace that connects customers with lenders.

Although not a direct lender, MoneyMutual supports clients along the way and finds potential lenders for each client. However, it doesn’t interfere with the borrower-lender communication once you accept a loan offer from a lender.

Over the past decade, MoneyMutual has served more than 2 million Americans. According to the reviews, customers love the service, the simple application process, and the ease and speed of getting funds.

Why do we recommend MoneyMutual?

MoneyMutual has built a great reputation with many satisfied customers over the past decade. It has quickly become one of the best online payday loan providers since its beginning.

What makes MoneyMutual a great choice for those who need a payday loan is its simple application process and quick loan approval and funding.

To apply for a payday loan, you just need to fill out an application form on their website and send it. When the agents approve it, they find the most suitable lender, and you receive a loan offer from that lender.

If everything is okay and you accept the loan offer, you sign a loan contract, and the lender transfers your money to your bank account within 24 hours.

Also, we love their transparent practices. As you may notice on its website, MoneyMutual is open about its work and even has a dedicated page for its privacy policy.

They also have a “Resource” section where you can find answers to all your questions as well as information on payday loans, loan fees and repayment, and more.

Last but not least, Theislandnow recommends MoneyMutual because it’s a reliable brand. They work with credible lenders who offer loans from $200 to $5,000. Their service is free of charge, so you don’t have to worry about any costs of applying for a loan.


  • An online marketplace that connects customers with lenders
  • Seamless application process
  • Guaranteed loan approval
  • Up to $5,000 loan
  • Same-day funding
  • Trusted by over 2 million customers
  • Easy-to-use website
  • Educational resources available on their website
  • 60+ lenders available
  • Not available in New York and Connecticut


  • Reliable online payday loan marketplace
  • A quick and easy application process
  • Fast approval times
  • Free to use
  • An encrypted website that guarantees the safety of your personal information
  • Great rating


  • Not available in all states
  • No customer support after accepting a lender’s offer and signing a loan contract
  • Only for US citizens
  • You must have a minimum income of $800 per month to be eligible for a payday loan

#2. BadCreditLoans: Bad Credit Loan Lender For Fast Payday Loans; Guaranteed Approval


If you have a bad credit score and really need funds as soon as possible, BadCreditLoans might be your best option. The company is not a payday lender itself but an online loan marketplace that works with a network of lenders willing to approve online payday loans to borrowers.

As its name implies, BadCreditLoans accept loan applicants with bad credit history. As such, they give everyone a chance to improve their credit score while covering their expenses. Moreover, they have quite a big lender network as they work with both State and Tribal lenders.

Why do we recommend BadCreditLoans?

There are many reasons why BadCreditLoans is one of the top online payday loan providers. We’d start with the fact that it’s one of the best-known online payday loan marketplaces, which offers a vast choice of loans.

It’s transparent about the way it works and the loan conditions and terms. You can even find detailed information on their website’s loans and privacy policy.

Another thing that makes them a top payday lender is the simple application process and quick loan approval. To apply for a payday loan, you need to fill out an application form and submit it for review.

When approved, the agents connect you with the lender willing to give you the funds you need. If you accept the lender’s offer and sign the loan contract, you’ll receive the funds in your bank account within 24 hours.

Lastly, we love that BadCreditLoans is available 24/7. This allows you to apply for a loan at any time. You can apply for a loan between $500 and $10,000, but the exact amount depends on your financial situation and credit history.


  • Highly reputable online payday loan marketplace
  • Loan range from $500 to $10,000
  • User-friendly website with educational resources
  • Seamless application process
  • 24/7 customer support
  • An extensive network of lenders as well as third-party networks
  • Advanced encryption for guaranteed data protection
  • Services free of charge


  • Quick and easy online application
  • Fast funding
  • Great transparency
  • A network of credible lenders
  • 24/7 customer support
  • Freedom to accept or decline a lender’s offer
  • Free


  • Higher APR
  • Customers with a very low credit score can expect a payday loan of a maximum of $1,000

#3. RadCred: Direct Lenders For Instant Payday Loans Online With No Credit Check


If you’re looking for payday loan providers with a long experience in the industry, RadCred might be your best option.

It’s one of the oldest financial companies in the USA, with over 750,000 clients served. It operates as an online loan marketplace that connects borrowers with lenders.

RadCred has a simple application process and allows you to choose the amount of money you’d like to borrow. Then, the agents send your application among the network of lenders they work with and find the right lender for you. Then, they connect you with the lender for further discussion around the loan conditions they offer.

If you accept the lender’s offer and sign the loan contract, the company will transfer your funds to your bank account the same day.

Why do we recommend RadCred?

RadCred is one of the highest-rated payday loan providers with the longest experience. It offers a simple and fast application and secure funds transfer. What’s even more important for borrowers, it offers low and affordable APRs.

The company works with an extended network of credible lenders, including third-party lender networks, to ensure fast loans for all their clients. Also, it has great transparency practices in terms of its work, privacy policy, and loans.

Plus, they have a FAQs section where you can find answers to all commonly asked questions about loans.


  • A simple and quick application process
  • Extended network of lenders
  • TRUSTe verified and McAfee SECURE certified website
  • Free service
  • Same-day funding
  • Late payback option


  • Free service
  • Same-day funding
  • Simple and user-friendly website
  • Seamless application process
  • Top-grade encryption
  • Late payments option
  • Available in all states
  • Multiple lenders provided


  • The payday loan amount depends on the lender
  • Bi-monthly payments

#4. CashUSA: Get Fast Cash Advance & Online Payday Loans For Bad Credit


CashUSA is a well-known online payday loan provider with a large network of credible lenders. It operates as an online loan marketplace that serves as a bridge between borrowers and lenders.

By connecting customers and lenders, the company had helped many clients get online payday loans when they needed them, thus helping them overcome their financial instability.

CashUSA works with State and Tribal lenders, as well as third-party lender networks, to make sure they find the most suitable lender for each client.

They also offer a lot of helpful information related to loans and clearly explain the loan terms and conditions. The website is easy to access, and its service is free of charge, so you get the best service at no additional cost.

Why do we recommend CashUSA?

CashUSA is one of the highest-rated online payday loan marketplaces. It offers a simple online application, quick loan approval, and quick funding.

To apply for a payday loan at CashUSA, you just need to fill out an online application form. Then, the agents will review it and find the most suitable lender based on your needs and connect it with you. If you accept the lender’s offer, you’ll get your funds the very next day.

What we love about CashUSA is its transparency. They are upfront in terms of their interest rate, with lenders offering interest rates between 5.99% and 35.99% and loan repayment terms from 90 days to 72 months.

Moreover, they provide detailed information about the loans they offer as well as an education center containing lots of useful financial resources.


  • Specific eligibility criteria – to apply for a loan, you have to be a U.S. citizen or permanent resident, 18 years old, employed for at least 90 days, and have a minimum monthly income of $1,000; you also need to have a valid email address and an active bank account.
  • Simple application process
  • Loans vary from $500 to $10,000
  • Interest rates vary from 5.99% to 35.99%
  • A loan repayment term from 90 days to 72 months
  • Transparent practices
  • Easy-to-navigate website
  • Education resources are available on the website
  • Industry-standard encryption for data protection and security
  • 24/7 customer support


  • Experienced company
  • A large network of reliable lenders
  • Convenient application process
  • Up to $10,000 loan
  • Educational resources
  • Encrypted website
  • Longer loan repayment period
  • Free service


  • Outdated website design
  • Only applicants employed in the last 90 days are eligible for a payday loan
  • The company may share your information and receive compensation for it

#5. Personal Loans: Top Financial Institution For Personal Loans For Bad Credit


Founded in 1998, Personal Loans has grown to be one of the leaders among online payday loan providers. The company operates as an online loan platform that connects clients with suitable lenders.

Over the years, it has provided services to hundreds of thousands of clients, which has resulted in a high rating and a great reputation.

Personal Loans is an excellent option for those with lower credit scores since it approves loans regardless of the credit score. Also, it offers high loan amounts ranging from $500 to $35,000.

However, you should stick to lower amounts when taking a payday loan since you’d have to pay your loan off on your next paycheck.

Why do we recommend Personal Loans?

Personal Loans has proven to be one of the best online payday loan providers. It has changed and gone digital over time, thus offering clients an effortless online application process.

To make things even simpler, the company has basic eligibility criteria which require applicants to be of legal age, U.S. citizens, a minimum income of $800, and an active bank account.

Also, the company is very transparent in terms of the way it works. You can find a lot of information about different types of loans on their website and answers to the most common questions.

In addition, Personal Loans works with more than 60 trustworthy lenders, thus ensuring they can serve every client who needs financial support.

All lenders differ in terms of their loan terms, conditions, and interest rates. This allows you to choose the lender that offers the best loan conditions.


  • The company approves loans to anyone eligible, regardless of their credit score
  • A straightforward application procedure that takes less than 5 minutes to complete
  • Impressive 24/7 customer service
  • Same-day funding
  • Over 60 credible lenders ready to give you a hand
  • Payday loans ranging from $500 to $35,000
  • The average interest rate ranges from 5.99% to 35.99%
  • A loan repayment period ranges from 3 months to 72 months
  • The company’s service is free of charge
  • Website secured by data encryption technology
  • Educational resources


  • Seamless application process
  • Fast approval and same-day finding
  • Large loan amounts are available (though not recommended)
  • Competitive interest rate
  • Flexible repayment terms
  • User-friendly website


  • Customers with a really low credit score may be offered a very low loan amount

How Did We Choose the Best Payday Loans Online?

When looking for the most reliable online pay loan providers, we’ve done more than simple research. We used a multi-factor methodology that would help us choose credible, top-graded payday loan companies.

We researched for the most popular online payday loan companies to create a preliminary list. Then, we narrowed down our list to the top 5 online payday loan providers following several factors.

Company’s reputation

We wanted to eliminate as many as possible lenders from our list, leaving only the top-rated ones. That’s why we checked their legitimacy and rating on credible rating sites and organizations such as Consumer Financial Protection and Better Business Bureaus.

To ensure we provide you with the best of the best, we’ve removed all lenders with less than a top rating and 4.5 stars and kept the ones with the highest rating.

Customer reviews

We checked customer reviews to see what customers have said about their experience with the remaining lenders.

We visited many ratings and reviewed sites like Trustpilot to ensure we didn’t miss anything. Then, we removed the companies that had the most negative reviews.


Payday loan companies tend to hide some loan terms and conditions, usually placing them at the bottom of the loan contract, using the smallest font possible. Even highly-rated lenders do this because it’s in their interest.

To make sure you don’t fall into this trap, we checked each lender on their transparency practices and double-checked customer reviews mentioning loan contract issues.

Therefore, you can rest assured that all lenders listed here are transparent about all terms and conditions of their payday loans.

Interest rates

The interest rate represents one of the most important fees associated with payday loans. It’s usually higher compared to those of other types of loans and may range from 3.5% to 35.99% and higher.

The exact interest rate is determined based on various criteria, such as your credit score and loan amount. Namely, customers with a high credit score are offered lower interest rates and vice versa.

Of course, there are always lenders that offer lower interest rates than their competitors. While you can’t expect to have a low-interest rate, the payday loan providers listed here offer lower interest rates than the others.

Funding speed

Clients want to obtain their money quickly when applying for a payday loan. That’s why we’ve considered the funding speed as one of the elimination factors when choosing the top online payday lenders.

We chose lenders with fast loan approval and same-day funds release to ensure you get your money ASAP.

Privacy and security

Once you apply for an online payday loan, you leave your personal information on the lender’s website. Some websites save your data, which may fall into others’ hands in case of a hacker’s attack.

Moreover, some loan providers have been found guilty of stealing clients’ private information and selling it to those who offer the most money for it.

To ensure your personal information is secured, we went through their privacy policy to see if they use customers’ data in any way or sell it to third-party companies or affiliate partners.

We’ve chosen only companies that take all measures to protect their clients’ personal information and have an encrypted website.

Loan repayment conditions

Getting approved for a payday loan is easier than repaying it. Many people get trapped in high-interest rates that result in big repayment amounts they can’t afford to pay. Even people with good credit history can have this problem. Late payments lead to penalties which add up to the repayment cost.

We’ve considered lenders with acceptable loan repayment conditions to make the repayment as smooth and easy as possible. This refers to a lower interest rate and the option to choose your repayment term and repayment method.

Credit score flexibility

Lastly, we considered the company’s flexibility in terms of credit score. Some lenders have a strict credit score that doesn’t change under any circumstances, whereas others allow payday loans even if your credit score isn’t that good.

We believe that everyone has the right to additional funds and a chance to improve their credit score. That’s why we included loan companies that approve payday loans to people with a lower credit score.

Guide: Things to Consider When Choosing Same Day Payday Loans

Choosing reliable online payday loan providers can be tricky for first-time borrowers. There are a lot of lenders promising to offer the best loan conditions, but often they just want to trap you in their net of high-interest rates and bad loan conditions.

We’ve prepared a short guide to make sure you choose the right loan for your needs. Here you’ll find the things you need to consider when choosing online payday loans.

Company’s reputation and customer reviews

First, you do a little research on its reputation to see if it’s legitimate or a scam. You can do this by checking rating websites like Trustpilot, Consumer Reports, and the Better Business Bureau website. Go for lenders with four stars and over.

While checking the company’s rating, you should also check customer reviews. They’ll give you a better image of the company, the loan terms and conditions they offer, and their customer service.

These things will answer some of your questions about each lender. Consider only the lenders with positive customer reviews.

Loan eligibility requirements

The next thing to consider is the loan eligibility requirements. Which conditions do you have to fulfill to apply for a loan? Are there any specific requirements like a minimum monthly income or a specific credit score?

Payday loan companies usually require the clients to be 18 years old, legal US citizens, have an active bank account, and proof of income. However, lenders may also have additional requirements you have to fulfill to get approved for a payday loan.

Some of the most common additional requirements are a minimal credit score, bankruptcy history, maximum debt-to-income ratio, and a valid email address.

Carefully go through lenders’ eligibility criteria to see if you are eligible for their loan. Also, see which documents you need to attach along with your application to see if you can gather all of them and have them ready in time.

Interest rate and fees

Another important thing to consider when choosing an online payday loan is its interest rate and fees.

Keep in mind that payday loans usually have a higher interest rate than other loans. However, that doesn’t mean you can’t find a lender that offers a lower interest rate. After all, different lenders have different loan conditions and fees.

Additionally, you should consider all other fees associated with the payday loan, including the penalties. The most common fees are origination fees (loan setup fees), prepayment fees, late payment, and returned payment fees.

Lenders may differ in the types of fees they charge and their percentage. So, make sure you ask each lender you’re interested in applying for a loan at about the fees they charge and their amount. This will help you decide whether you should apply for a loan from a specific lender or not.

Credit check

Payday loans are the subject of credit checks. This means that lenders will check your credit score to see if you’re eligible for a loan. You may be rejected for a loan if your credit score is poor.

However, some lenders accept applicants with a low credit score but a good financial situation. Hence, you might be eligible for a payday loan even if your credit score is low.

Affordability check

Online payday loan providers conduct an affordability check, apart from a credit check. This check takes into account your monthly income and expenses to calculate whether you can or can’t afford to repay your loan. It includes things like your salary, credit score, and other loans you might have.

Loan repayment conditions

What repayment options does the lender offer? Which repayment methods does the lender offer? For how long can you repay the loan? The answers to these questions will help you learn about the loan repayment conditions.

For instance, some lenders offer repayment in monthly installments, whereas others ask for a one-time repayment within a month.

The repayment term length is one of the factors determining the amount of interest rate charged. Namely, the longer the repayment term is, the higher the interest rate will be and vice versa.

There are a few of them when it comes to repayment methods. The most common ones are automatic bank withdrawal, online payment, and checks. Having multiple repayment methods allows you to choose the method that works best for you.

Funding speed

When applying for a payday loan, you hope to receive the funds as soon as possible. That’s why you need to check the loan approval time and funding speed lenders offer.

Payday lenders usually have almost immediate approval and transfer the funds within 24 hours. However, you’d better check it to make sure you get your money right away.

Benefits of Online Payday Loans

Online payday loans are perfect when you need additional funds. They are the fastest and easiest way to get funds to cover your expenses. Plus, they aren’t limited in their use, so you can use them any way you want.

If you’re looking for an immediate solution to your shortage of money, applying for an online payday loan may be a good thing.

It’s convenient, simple, and fast – you can do it from the comfort of your home, workplace, or even the beach. Payday loans got your back at any time and anywhere.

No strict eligibility criteria

This type of loan might be the easiest type of short-term loan you can get. Unlike traditional loans, they don’t have strict eligibility criteria.

Most payday lenders require applicants to be at a legal age (18+), have an active bank account, regular monthly income, and a valid ID or driver’s license. This makes it really simple to qualify and get approved for a payday loan.

Free use of the loans

Payday lenders don’t care why you need the loan as long as you fulfill their eligibility criteria. Unlike traditional loans, there are no restrictions applied on using payday loans. Therefore, you can use the funds for whatever you want or need.

The best option in case of emergency

Payday loans are the best financial option in case of emergency. Their customer support is available 24/7, and you can easily apply on the chosen lender’s website at any time.

Moreover, the approval process lasts around 30 minutes, and you get the funds in your bank account the same day. A non-stop availability and great funding speed are exactly what you need when you need money right away.

You can always count on them

Reliable online payday loan providers give you the money you need without questions asked. They usually approve loans to anyone who applies, even if the borrower’s credit score is low.

Usually, that’s not the case when you ask your family and friends to lend you some money. They might not even be able to lend you the amount you need, so you can’t really count on them for a loan.

Short loan repayment term

Some people may take this as a drawback, but it’s actually a benefit. Why? Because short-term repayments have a much lower interest rate compared to long-term repayments. Plus, you’ll get out of your debt in two weeks or a month, and you won’t have to worry about owing money to the lender.

Some lenders may allow a loan repayment term of up to three months which may come in handy if you want a lower monthly rate. However, in this case, make sure the interest rate is not too high and that you won’t overpay your debt.

FAQs: Online Payday Loans For Bad Credit

What is a payday loan?

A payday loan represents an unsecured loan that the borrower must pay off when he receives the next monthly payment.

It is the perfect type of loan when you need a lower amount of money to cover your monthly expenses until you get your next wage and unexpected expenses, such as car repairs and medical bills.

What’s the maximum amount of payday loan you can get?

Payday loans are mostly approved for low amounts of up to $500. However, some lenders approve loans of up to $1,000. Keep in mind that the higher amount you get, the higher the average percentage rate (APR) will be.

What fees are associated with payday loans?

The fees associated with payday loans vary depending on the lender. However, the most common ones are:

  • Interest rate – the main fee of every loan. It’s the margin the lender gets from borrowers by lending them money.
  • Origination fees – the fee borrowers pay for creating loan documentation. Depending on the lender, this fee might be opted out.
  • Prepayment penalty – the fee borrowers pay for early repaying the entire debt towards the lender.
  • Late payment penalty – the fee borrowers pay for being late with their monthly payments.

What is the best way to apply for a payday loan online?

The application process for a payday loan is easy. First, you need to fill out an application form. In the application, you’ll have to leave your personal information and attach specific documentation as requested by the lender. Once filled out, you submit it and wait for a response from the loan company.

The loan company checks your eligibility and decides whether to give you a loan or not. If approved, the lender will transfer your funds to your bank account the same day.

Do I have to accept the lender’s payday loan offer?

No, you don’t have to accept the lender’s payday loan offer if it doesn’t suit you. Once you apply and get a loan offer from the lender, you need to check it out to see the loan terms and conditions the lender offers you.

If you think you got a good loan offer, you can accept it. However, if, for any reason, you don’t like the loan conditions, you can decline the lender’s offer and apply to another lender.

Can I obtain a payday loan with a low credit score?

Yes, you can. Although lenders usually approve loans to people with good credit scores, some of them also approve payday loans to people with low credit scores. However, the interest rate is high in this case.

If your credit score is low, you should look for online payday lenders that approve loans to people with bad credit history. Consider the payday lenders on our list as they don’t take into account your credit score. In fact, they don’t even conduct a credit check.

Can I obtain a payday loan without a credit check?

Yes. Some loan providers approve payday loans without checking applicants’ credit history. In fact, the lenders on our list don’t check your credit score and guarantee loan approval.

However, you should remember that payday loans approved to clients with a lower credit score may have a higher interest rate and high origination fees.

Additionally, the lender might offer a lower amount if they think you might not be able to repay a higher loan.

Is there a restriction to what I may do with my payday loan?

No. You can spend your payday loan any way you want. You may use it to cover unexpected medical bills, repair your car, buy a present for your children or partner, or simply buy groceries.

Lenders don’t have any limits on how you spend your loan. The only limit they may have is the amount approved since you have to repay the loan within a short period.

How fast will I get the funds?

It depends on the lender. Most payday loan companies approve loans within 30 minutes and have same-day funding. This means that if you’re approved for a payday loan, you’ll get your funds the same day.

However, keep in mind that sometimes the funding may take more than 24 hours. In this case, it’s not the lender’s fault, and probably there’s some issue at the bank’s end.

Conclusion: How Do Payday Loans Work?

Getting a payday loan may be the best option if you’ve suddenly found yourself short on money or have unexpected costs.

Online payday loans are the easiest type of short-term loans you can get on the same day. They give you the funds you need to cover your expenses and go through the month until you receive your next paycheck.

However, you must find a reliable lender to get a payday loans online. To do that, you have to do some research and select lenders based on various factors that determine their credibility and loan conditions.

And, if you don’t want to spend hours and hours looking for the best online payday lender, consider the five loan marketplaces listed in this article.

The news and editorial staff of Sound Publishing, Inc. had no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

Sound Publishing, Inc. does not accept liability for any loss or damages caused by the use of any products, nor do we endorse any products posted in our Marketplace.