Best Online Payday Loans In 2022: Top 5 Direct Lenders Offering Installment Loans For Bad Credit With 24 Hour Loan Approval

As emergencies arise almost daily, you can easily find yourself in a nasty situation. Some unexpected expenses may ruin your plans for a weekend getaway and empty your bank account. Thankfully, there is a way to get the quick cash you need. It's called a payday loan, and you can get one online.

Online payday loans are small, short-term loans that come in handy when you can't find another source of cash. If you need funds, read our list and see how easy it is to get a loan.

Online loan providers are discreet, safe, and easy to find. Loans usually range from $500 to $5000 or even more. After you get approved, you get your payment in a matter of hours.

While we assessed online payday loan providers, we checked them based on the interest rate, loan amount, and credibility.

Still interested? Hang around while we explain which payday loan providers are the best. Then you can make your decision with confidence. So, let’s discover the best providers on the market and how we chose them.

List Of 5 Best Online Payday Loans For Bad Credit [2022]

Already set up your mind on getting a payday loan to tie you over? This list includes the best payday loan companies. Take your pick, and enjoy.

  1. MoneyMutual - Overall Best Payday Loans Online With Instant Approval
  2. BadCreditLoans - Top Platform Offering Small Payday Loans Online
  3. RadCred - Reliable Payday Loans Provider for Seamless Fast Loans
  4. CashUSA - Best Alternative Borrowers To Payday Loans No Credit Check
  5. PersonalLoans - User-friendly Online Payday Loans Portal For Personal Loans

#1. MoneyMutual - Overall Best Payday Loans Online With Instant Approval

Successfully in business since 2010, MoneyMutual is an excellent agency that connects lenders with borrowers. With over 2 million customers, we rate it the best in the industry. The company's goal is to keep people afloat during a crisis in the simplest way possible.

MoneyMutual is a free marketplace when in trouble; it connects you with hundreds of appropriate lenders, and you only need to pick one. It's not an actual loan company but a mediator of sorts. It'll select the most satisfactory lenders and give you plenty of opportunities.

You only have to fill out a form and start browsing. Don't get discouraged if you have a bad credit score. MoneyMutual's partners usually don't mind your credit history and may lend you anyway.


Different types of loans

After you log in, you can choose from a network of lenders. Likewise, the loans differ depending on your needs. One of the best features of MoneyMutual is the freedom to decide on a type of loan. Decide whether you'd like a payday loan, an installment loan, a bad credit loan, or cash advances.

Furthermore, MoneyMutual is a free resource that guarantees no hidden fees and is recommended by theislandnow. The loans range from $200 to $5,000.

Well organized

It's not just the lender you need to approve; it's essential to manage using the service and get approved promptly. The easy-to-use website meets your requirements, and its tech team has tailored it to be easy and fast.

First, you start by providing the site with your info and means of contact. Remember that you must be at least 18 and have a monthly income to get a loan.

Next, you get feedback from some lenders who have approved your request. Finally, you negotiate with a lender and get your cash in as little as 24 hours. Getting your cash as quickly as possible is at the top of MoneyMutual’s priorities.


MoneyMutual has a strict evaluation process for their lenders. This practice ensures honest services for you. You won't have to worry about sneaky expenses and shady lenders.

MoneyMutual is a proud member of OLA (Online Lenders Alliance) and guarantees discretion and honesty for its users. Similarly, it provides its services for free. It doesn’t come with hidden fees. Feel free to read customers' opinions and see how MoneyMutual takes care of its users.


MoneyMutual has ensured that your info is safe with them. You must enlist your personal and financial data during the application process, but do not worry. Their website has Norton 256 encryption software to store confidential data. That is the biggest plus for a loan-providing company.


  • Fast and reliable money transfer
  • Works hard to keep you safe
  • 60 trustworthy lenders
  • Various types of loans
  • Lends up to $5,000
  • Easy application process
  • Helpful website


  • Not available in New York and Connecticut

⇒ Visit the Official Website of MoneyMutual

#2. BadCreditLoans - Top Platform Offering Small Payday Loans Online

Moving on to another favorite loan provider, we recommend BadCreditLoans. The perfect solution for bad credit borrowers; it's a modern company providing its users with quick cash regardless of their credit score history. It’s widely known among experts as the most trusted online loan facilitator.

BadCreditLoans works as a marketplace, so it's not an actual lender. It is a facilitating company with years of positive experience. It's got a vast network of trustworthy lenders.

Thus, after submitting a request for a loan, you get offers based on your unique needs. From then on, you are working with your chosen lender. Together, you agree on terms that suit both parties.

This company has been in business since 1998, and most of its customers are returning for the efficient service. Simply put, BadCreditLoans is the place to go when you need a quick payday loan, but your credit score isn't at its best. Financial aid ranges from $500 to $10,000. Endless possibilities await you.



An extremely important trait that all of us appreciate, safety is guaranteed with BCL. Its advanced security system protects your info from leaks. During your most vulnerable, you can rest assured that any exchange between you and the lender is also safe.

In addition to its protective systems, it uses AppLink SMS alerts - a safe way to link with your account. This is a smart add-on to such a sensitive business in a time of common online scams. You can check their Privacy Policy section to get more information.


BadCreditLoans offers a variety of loans matched for everyone's needs. Not only that, but it also connects you with lenders despite your bad credit score. Not every loan provider can offer this.

APRs at BCL range from 5.99% to 35.99%, a great offer that doesn't worsen your financial status. Best of all? You may negotiate with your lender to extend your repayment period.

Because we’re talking about a sizable amount, lenders may be more accommodating and not rush payback deadlines.


New loan users may be unaccustomed to the tricks of the trade. Since scams are common, BadCreditLoans has an informative website that posts articles regularly.

It is educational and helpful, and we recommend at least skimming through them before committing to an online payday loan. These engaging articles will provide valuable knowledge to proceed through the borrowing process.


Time is money, especially in this case - don't waste any on boring application documents. BadCreditLoans has developed a simple application process. After you log in and submit a request, you get reviewed.

Most likely, you'll get offers from a few lenders. You then get to choose and negotiate. The end result? A hefty sum on your bank account in a matter of a working day.


  • 3-step application process
  • Available for bad credit score borrowers
  • Quick cash up to $10,000
  • Free service, no hidden costs
  • Clear contrast between lenders to choose from
  • Repayment period of about 36 months
  • A simple, well-designed website
  • Customer-oriented


  • Not a direct lender, only a facilitator

⇒ Visit the Official Website of BadCreditLoans

#3. RadCred - Reliable Payday Loans Provider With Seamless & Fast Funding

Popular with younger and first-time borrowers, RadCred is a trusted intermediary platform. It has enabled quick cash flow for bad credit score users ever since 2011.

Today it serves thousands of critical customers, helping them get back on their feet. When banks slam their doors, this is your best option. Furthermore, it has just announced its partnership with OLA.

Former and current users have regarded RadCred as a highly trustworthy site with an easy-to-navigate website and modern tools.

With RadCred, you get approved instantly (if you qualify). Besides, some lenders may give you up to $35,000. It's something that you and your lender agree upon together. The platform can link you with another potential lender if you don't qualify for a loan.

Praised and used by many, it has so much to offer that it climbed our champions list. There are so many benefits in using this platform that you’ll wish you'd discovered it sooner. Read on to see what else you can get at RadCred.


Customer-oriented repayment approach

The platform accommodates its clients, giving them the best possible experience. Thus, it's possible to negotiate with the lender of your choice.

RadCred has also provided an automatic payment system that is easier to use and keeps track of deadlines. You have two payment options - either an online manual payment or automatic.

Automatic payment from your account means you won't have to worry about forgetting an installment. Paying on time helps with avoiding possible fines. Finally, deciding on a short-term loan won't cost extra.

Unique loan calculator

Working to your advantage, RadCred has a loan calculator you can use on the website. It's a simple tool that calculates approximate monthly payments.

To make the best use of the calculator, you enter the interest rate, principal, and loan period. Results may be faulty, but you'll get an approximate idea.


Similar to the other reviewed payday loan companies, RadCred takes care of you by protecting your privacy. Using high-tech encryption software protects sensitive data. Any info you enter in the applying process is secured.

Simplified borrowing

Time moves fast and awaits no one. A fast service such as RadCred guarantees you'll get a deposit within a day.

As mentioned earlier, their website is perfect for first-time borrowers due to its simplicity. The application process is easy - you need to fill in your data into a form and wait for approval.


  • Built-in loan calculator
  • Easy to use
  • Best for bad-credit score borrowers
  • Loans up to $35,000
  • Confidential
  • Relatively low ARP
  • Great customer support service


  • You must be a US citizen to get a loan

⇒ Visit the Official Website of RadCred

#4. CashUSA - Best Alternative Borrowers To Payday Loans No Credit Check

CashUSA is loved and recognized as the fastest platform for different types of loans. Anyone who has an emergency on their hands needs quick cash, and that's why CashUSA is worthwhile. It can assist you in a timely fashion. It generally pays you out on the day you apply. Its loans typically range from $500 to $10,000.

Its website states that you've found a friend, and it's true. It may approve your loan despite your bad credit. So, not all hope is lost!

The company prides itself on respected partners and competitive interest rates. CashUSA has a network consisting of lenders and third-party lenders available to you. It includes state and tribal lenders. Tribal lenders work under federal laws, so make an informed decision before concluding.

Consider using CashUSA for their diligent efficiency, convenience, and various types of loans. While there are numerous reasons to choose CashUSA, let’s take a look at some of them.


Education center

Not all websites spend resources on educating you. CashUSA has a useful little window on their official site - an educational resources center. It can be handy when you don't know where to begin with the borrowing process. Moreover, it educates you on budgeting and improving your credit score.

It's categorized into four parts: Credit, Banking, Finances, and Debt. You can have an enlightening lesson before you apply; it's free.

Straightforward requirements

Similar to other lending platforms, CashUSA requires private info upon your registration. You must meet their simple conditions to be eligible for a loan through CashUSA.

Don't worry when the application form asks for too much info. It's all part of the process. You will need to supply your name, age, nationality, address, employment proof, and some bank information.

We haven't got to the best part yet; CashUSA successfully links lenders with borrowers with bad credit!

Loan terms

CashUSA is a user favorite due to its interest rates. Compared side to side with other platforms, they are accommodating and straightforward.

During your negotiation with lenders, you can work out the repayment period. They usually agree on a three to seventy-two months repayment period. Often, lenders offer between 5.99% and 35.99% APRs. Nice, don’t you think?


  • Custom-made loan terms
  • Feature state and tribal lenders
  • Approve bad credit loans
  • No fret application process
  • Open to deadline extensions
  • Strong security systems
  • Useful educational center


  • No loans available for unemployed users

⇒ Visit the Official Website of CashUSA

#5. PersonalLoans - User-friendly Online Payday Loans Portal For Personal Loans

If you're the indecisive type, someone who wants things explained in detail, PersonalLoans is just the right choice for you. Need to know more?

Operating with success since 1998, it’s a very flexible company. PersonalLoans is an online referral service, not a direct lender. It makes things easy for you, connecting you with honest lenders.

The lenders may approve a loan as small as $1,000 or as big as $35,000. These sizable amounts may be perfect for your needs. At the same time, please remember that different states and lenders have various interest rates and repayment conditions.

There are numerous bad-credit borrowers among the satisfied user community. Returning users say PersonalLoans is best for fast funding. Remember that if you need some quick cash ASAP.



PersonalLoans is incredibly transparent. As a member of OLA, Online Lenders Alliance, it protects users from online scams and illegal lending activities. You are protected using this platform because OLA ensures you get appropriate cancellation practices, and their third-party lenders are trustworthy.

Industry strength protection software keeps your data safe. So, next time you require online loans, you won't have to worry about security.

Predefined parameters

Since PersonalLoans is a favorite platform for bad credit borrowers, it has in-built parameters that protect you from enormous APRs. Our advice is to always make informed decisions.

Additionally, PersonalLoans is a pretty flexible business. It provides users with plenty of options. It doesn't limit you a lot in choosing, so if you need to, you may be approved to get up to $35,000. Depending on your chosen amount, you can arrange a repayment period of 3 to 72 months repayment period.


Another trait of huge importance is the fast process. PersonalLoans doesn't waste any time on unnecessary documents. The application process is smooth and over in a couple of minutes.

Lenders that like your account bid on you, then you choose which one suits you best. The funds are automatically transferred to your account the next day or earlier.

However, not anyone can get a loan. To qualify: you need to be of age and an American citizen, have a Social Security Number and a valid bank account.


  • Fast funding
  • Hassle-free service
  • Different types of loans
  • Competitive interest rates
  • Educational articles
  • Flexible and accommodating
  • ''Soft'' credit check that won't affect you negatively


  • Bad credit borrowers may end up with higher interest rates

⇒ Visit the Official Website of Personal Loans

How We Made This List While Choosing The Best Instant Payday Loans Online No Credit Check?

The online marketplace is bursting with options. There are trustworthy companies but also some shady offers. You can easily get distracted by glossy advertisements and offers of low-interest rates. Instead of letting you go down the rabbit hole, we did the research for you.

Before recommending loan providers, we had to ensure they were legit. When you apply for a payday loan online, it must be secure, private, and fast.

After thorough research and in-depth evaluation, we concluded which ones are the best. We compiled our champion list based on several aspects; they are:

  • Customer satisfaction

Good companies are easy to find using word-of-mouth recommendations. Most online payday companies also have a reviews section where you can see what people think and how they rate them.

When we hunted for reliable loan providers, we relied on user reviews. They are honest people just like you and want to improve your experience. They claim that these loan providers are excellent to deal with, don’t trick you with hidden fees, and offer great support service.

  • Trustworthiness

Often, we find ourselves getting lousy service for one thing or another. To avoid that, we compared these payday loan websites and found their origin, reviewed statistics, and analyzed their business info.

When dealing with something as important as money, you can never be too careful about whom you trust. It's harder to fool someone when you're online, and we didn't see any proof of misconduct from these loan providers. The squeaky-clean reputation precedes these brands.

  • Safety

Unlike in-person loans, online loans are safe when there's often no reliable company to back them. Yes, that's what you want when you're in a bind for cash.

Professional service helps you discreetly and doesn't put you at risk. Lucky for you, we already did the hard work. You can now rest assured. These payday providers employ strong security software, and customers appreciate this measure.

  • Easy to reach

Sometimes, some brands don't work on holidays and weekends, and that's a disadvantage. An easy-to-use website can get you in contact faster. These loaners work around the clock to provide help. All of them have phone numbers, emails, and mailing addresses where you can reach them.

The user-friendly interface is convenient even for older customers, so don't fret if you aren't that computer-savvy.

  • Various loan amounts

While the average loan amount in the US is around $400, everyone's needs are different. Depending on how much you need, you need to know which payday loan providers are most suitable.

You don't have to be nervous and get less money than you need. Likewise, you don't have to go overboard with ambitious amounts of money. Most payday loan services offer a minimum of $500. The sums can range from $5,000 to $50,000. The websites we liked most offer lots of possibilities.

  • Interest rates

While we appreciate that loan companies need to earn a bit to stay afloat, we researched the best loan providers whose interest rates won't break the bank.

Our runner-ups offer reasonable rates, depending on your credit score history. We wanted to find honest companies that didn't profit too much from your issues.

Moreover, our chosen favorites have versatile conditions, which means they aren’t too judgy if you have a bad credit score.

User Guide: Things to Consider When Looking For Recommended Payday Loan Lenders

Of course, it would be better if we didn't find ourselves in difficult situations, but sometimes unexpected things arise, so we need a quick solution. Not everyone has to get a loan to get back on their feet, but it helps to know that honest lenders exist.

Getting a payday loan isn't for everyone since it might cause even more trouble. However, if you decide to take action and consult an online loan provider, we can help you do it painlessly.

The current market is bursting with online lenders, and you may get overwhelmed by their marketing. We assessed five of the most praised online lenders, and we need to share our outcome with you. Before getting a payday loan, you should focus on the following matters.

  • Reliability of the company

Perhaps the most vital is the brand's reputation. New businesses are popping out of nowhere daily, so don't get fooled by their glossy promises.

First, research the company's brand, browse their FAQs and reviews sections, and you'll get a clearer picture of their respectability.

Make sure the company you choose has a transparent repayment process. Don't go into this blindly. Customer reviews are golden resources of wisdom.

  • Interest rates

Before selecting a lender, it is equally critical to examine their interest rates. People with bad credit scores often feel obliged to accept astronomical rates, even for the smallest of loans.

Be open to multiple offers and compare interest rates. As a rule of thumb, the higher the credit score, the lower the interest rate. Interest rates typically range from 3.5% to 35.99%. Lenders are required by law to show you the APR and other terms of your loan before you sign a loan agreement.

  • Anonymity

All the online lenders we tried and tested are legit. This quality also refers to their utilization of data encryption. We can't say enough about how important it is to work with reliable companies whose systems won't leak your private details.

When applying for a loan, you provide personal data such as addresses or bank account numbers. Imagine having these falling into the wrong hands? For this reason, we strongly recommend using some of our favorite online lenders.

  • Fast funding

Instead of dragging the process, lenders ought to be quick. These are emergencies, and obtaining the money ASAP is of utmost importance. Signing the deal with a digital signature quickens the process as well.

When you think about signing with a lender, review the terms and conditions and beware of how much it will take them to deposit the money. Again, trust the customer reviews to check if a company failed to deliver the loan on time.

FAQs On Fast Payday Loans

Q1. What is a payday loan?

Online payday loans are short-term loans you can get without stepping into a bank. They are usually practical for emergencies and unexpected expenses. Payday loans are quick since the application form takes minutes to complete.

You're supposed to pay off a payday loan when you get your next paycheck. When you take out a payday loan, you get paid a particular amount which you have to repay with an interest rate.

Online payday loans are a convenient way to choose a lender with an appropriate interest rate under reasonable terms. Before you take out a payday loan, visit our favorite loan platforms.

Q2. How do I apply for a payday loan?

All these lending companies operate online, so you can apply through their respective websites. Firstly, find out if you're eligible for a payday loan. You have to be a citizen of the US, be over 18 and have a steady income. Some platforms will ask about your current address, SSN, and contact information. Others may even request your employer's name and contact.

Before you plunge into borrowing, check your credit score on Thus, you'll know what kind of interest rates you can get.

The next part is simple, just pick one of our reviewed sites, fill in an online form, and then wait to get approved. If they approve your request, several lenders may contact you with offers. It's up to you to determine which one has the most benefits.

Q3. Can I get a payday loan with a bad credit score?

Yes, you can get approved for a payday loan even with a bad credit score. All the websites we evaluated approve bad credit score borrowers. Naturally, these borrowers will bear higher interest rates. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Lenders check your credit score and financial statements and decide if you're able to repay the debt. Even applicants with a score of 450 can get a loan.

However, consider that your credit score history determines how much money you can borrow. Some lenders may even approve a loan without a credit check and rely on technology to calculate interest rates.

Conclusion: Same Day Payday Loans Online

With COVID-19 and inflation, people must take out high-interest rates as a quick but painful solution. But with the right help, you can do better than that.

When you face uncertainty or an unfair cash emergency, don't despair. A solution is always possible with a legit contributor.

A payday loan can come to your rescue when other resources are unobtainable. Online Payday loans gain popularity daily, and more people use them online than in-person.

Although there are some bad apples to steer away from, we've rounded up the most viable options. MoneyMutual, BadCreditLoans, RadCred, CashUSA, and PersonalLoans are lending platforms with your best interests at heart.

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