“Instant” is the most overused word in online lending. It usually describes how quickly an application form gives you a response, not how quickly money reaches your account.
What can be instant
- Submitting the application online
- A first response about whether a lender in the network may be able to offer you a loan
What is not instant
- Final approval and identity or income checks
- Signing the loan agreement
- Bank transfer time, which depends on your bank
How to protect yourself
- Be sceptical of any promise of guaranteed approval.
- Never pay a fee before you receive a loan.
- Confirm the lender is licensed in your state.
- Read the full cost before you sign.
See our guide to payday loan scam red flags.
Plan for repayment
A quick loan still comes due fast. Make sure the repayment fits your next paycheck. If you may struggle, read what to do if you cannot repay.
Want to see what may be available? Visit our payday loan page.
Check Your Options Online
Fill in the secure form below. You will see the lender’s costs and terms before you accept anything.
Disclosure: CredQualify is not a lender and does not make credit decisions. We connect applicants with lenders in a network. Loan amounts, rates, fees and terms vary by lender and state, and funding times depend on the lender and your bank. Payday loans are expensive, short-term credit and should not be used as long-term financial solutions. Read the lender’s terms and see our Rates and Fees page before you accept any offer.