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Instant Online Payday Loans

If you’re facing the prospect of having utility service shut off or even being evicted, instant payday loans may seem appealing.  But if you consider how instant payday loans actually work, you realize that they’re a trap.  Nonetheless, many borrowers with less than perfect credit believe there are no alternatives.  Even if they could qualify for bank loans, the processing time is just too long.  Fortunately, LoanNow is the better than a bank alternative for providing the money you need, when you need it!

line of creditPayday Loan Stores 

Whether they’re called check cashing stores or payday loan stores, the premise is similar: borrowers submit their financial information along with one or more post-dated checks and receive instant payday loans.  On the one hand, there is no questioning the convenience of receiving cash on the spot. But there is also the hassle of getting to the payday loan store during operating hours, no to mention the potential embarrassment of having someone you know see you going in or coming out of such an establishment.  And if you don’t have sufficient funds in your bank account to cover the checks you’ve provided as repayment, you’ll be hit with overdraft fees from your bank.

Online Payday Lenders

With online payday lenders, borrowers have the convenience of applying day or night, in the privacy of their own homes.  And while online payday lenders often cannot provide instant loans, they often process applications within hours and distribute loans the following business day as an electronic deposit via the Automated Clearing House (ACH) system.  But online payday lenders often operate out of state; some are even based overseas, making it difficult to resolve disputes.  In addition, some unscrupulous payday lenders make repeated ACH withdrawal attempts, resulting in multiple overdraft fees. And many banks limit the capacity to place stop payments on ACH withdrawals and authorizations.  In extreme cases, borrowers may lose their bank accounts altogether.

instant-payday-loansLoanNow – the Better than a Bank Loan 

Instead of putting your financial future at risk with instant payday loans, why not consider the better than a bank loan alternative – LoanNow? With LoanNow, you won’t wait weeks for a decision. Most applications are processed within 24 hours.  And our online-only** application process removes the hassle and potential embarrassment of dealing with a payday loan store.  Our responsive customer service department works with borrowers who fall behind to help them get back on track. Our goal is to provide the money you need now and help you improve your financial circumstances over the long term. Why not check us out today!


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Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

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* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.