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Looking For The Best Payday Loans Online? Stop.

If you are facing a financial emergency but you have damaged credit, your options for borrowing are limited. Many banks and credit unions won’t lend to you unless you can present collateral, a credit-worthy cosigner, or both. But pawnshops and payday loan stores carry the risk of running into someone you know. To avoid such embarrassment, you may seek payday loans online. But LoanNow provides the convenience and privacy of payday loans online without the risk of falling into the payday loan trap.

How Payday Loans Online Work:

Payday Loans - How They WorkBesides allowing you to avoid the embarrassment of running into a friend or co-worker at a payday loan store or pawn shop, applying for payday loans online can be done on your schedule, including weekends or holidays. There’s no running across town or worrying that you won’t make it before closing time. Once you’re approved your loan funds are usually deposited to your bank account through the Automated Clearing House system overnight or the next business day.

But the advantages associated with payday loans online are overshadowed by the disadvantages shared by all payday loans: sky high interest rates coupled with short repayment periods. Payday loans get their name from the fact that the typical repayment date is matched to your next pay date. That means that you could be expected to repay the loan in full in one or two weeks.

If that sounds like an impossible situation, that’s because for many borrowers, it is. According to the Consumer Finance Protection Bureau, four out of every five payday loans are rolled over at least once. And a report from the Pew Charitable Trust states that the average payday loan borrower takes 8 loans annually and remains in debt for five months out of the year. Each new loan includes a fresh set of fees and interest charges. After only a few rollovers, even a relatively modest loan of a few hundred dollars can become a major four-figure burden.

The LoanNow Difference:

Rather than apply for payday loans online, try LoanNow. Our online-only **application is requires no additional documentation and no faxing, and nearly everyone receives a response within 24 hours. † Once you’re approved, you receive your money quickly, too. If your bank participates in our innovative Instant Funding system, you could receive your money within minutes.*

But unlike payday loans, our repayment plans feature manageable monthly installments, not payment in one lump sum on your next payday. And we say no to collateral and rollovers. Instead, we provide assistance to borrowers who fall behind to help them get back on track. And borrowers who maintain consistent on-time payments are rewarded with lower interest rates on future loans. The convenience of payday loans online and the manageability of bank loans. That’s the LoanNow difference!

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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.