How can I get a payday loan instantly?

Quick Answer To get a payday loan instantly, you typically need to apply online or visit a payday loan store. You'll need to provide ID, proof of income, and a bank account. Be cautious, as instant approval may come with high fees and interest rates. You should consider other bad credit loans first.

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Kevin Johnson Answer updated on Jul 9, 2023

Fact checked by Steven Hill

Payday loans are designed to help you get cash quickly — and often, instantly.

To get the money you want to borrow instantly, you can either apply online or visit a payday loan store in-person.

Learn: Where can I get a payday loan?

Part of why you can get a payday loan quickly is because you don't have to get a credit check to qualify for a loan.

Instead, you'll need to provide the following items:

  • ID (like a driver's license)
  • Proof of income (like a pay stub or bank statement)
  • Active bank account information (or some other valid way to receive your money)

While the time it takes to get your money after you apply for an instant payday loan can vary from lender to lender, you can generally expect to get your loan in under 24 hours. ⏱️ Sometimes, you can leave the payday lender with cash in hand.

Despite this, payday loans aren't the best choice for bad credit loans. Payday loans tend to have high fees and interest rates. In fact, payday loan APRs can sometimes be as high as 1,000%! 😨 Payday loans also have short lending times. As the name implies, you usually have to repay the full amount by your next payday.

Learn: What happens if you don't pay back a payday loan?

So, while that instant approval can come in handy, it also comes with consequences — mainly, that payday loan lenders will put some major hurt on your wallet with crazy high interest rates that you wouldn't have to deal with elsewhere.

Because of this, you should consider other bad credit loans (like an installment loan) before settling for a payday loan. You can still get quick funding, but with more manageable loan terms.

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My experience with Sound Financial has been absolutely incredible. I got the quick cash I needed without any hassles. The entire process was simple and transparent.