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Long Term Payday Loans From LoanNow – Easier, Faster, and Better

Do long term payday loans exist? Actually, they do, but they’re not the kind of loans you want. In reality, long term payday loans are the result of short term payday loans that trap borrowers in an ongoing cycle of debt. LoanNow has a different approach. We provide loans that help improve your financial circumstances now and for the long term.

Long Term Payday LoansThe Payday Loan Trap

When payday lenders advertise “cash ‘till payday!” they mean it. Payday loans get their name from the fact that their repayment periods are geared to match borrowers’ payouts.   But payday loans combine high interest rates, required lump sum repayments and short repayment periods to form a booby trap for borrowers that transforms two week loans into long term payday loans.  Unable to repay their loans in full, borrowers are drawn into a cycle of partial payments and rollovers that can persist for months, if not years.  After several rollovers, many borrowers find that they owe even more money than their original loans, despite making regular payments!

Payday “Installment” Loans

Some states have attempted to crack down on payday lenders, either placing strict limits on the APRs payday lenders charge or requiring payday lenders to offer loans with longer repayment dates.  Many payday lenders have responded by complying with the letter of the law but skirting the intent of such laws to ease payday loan debt.  They offer what they call long term payday loans with repayment periods that average a few months rather than a couple of weeks – but with installments spaced every week or every two weeks, just like regular payday loans.  That’s not really much more manageable than regular payday loans.

The LoanNow Advantage

Instead of seeking long term payday loans, check out LoanNow.  Instead of “installment” loans that require payment every two weeks, our loans are structured with manageable monthly installments that work with your budget. And if your credit is less than perfect, that’s not necessarily a deal breaker.  At LoanNow, you’re more than a FICO score, and we look beyond your credit report to consider your entire financial profile. We approve many borrowers that banks turn down.  If you’re struggling with your repayments, we’ll work with you to get you back on track.  If you maintain a consistent record of on-time payments, you’ll be rewarded with better terms on your next LoanNow loan.  At LoanNow, our mission is to provide the money you need now while empowering you to improve your long-term financial outlook.  Check out the LoanNow advantage 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.

LoanNow Score

* 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.

LoanNow Trustpilot Rating: 9.3 out of 10 based on 570 reviews as of March 2016. SuperMoney Rating: 9.5 out of 10 based on 55 reviews.