Best Online Payday Loans For Borrowers With Bad Credit

Andrew Reyes
A person filling out a payday loan application form on their computer.

A payday loan is a small loan deposited to the borrower within 24 hours of the application. Payday loans are meant to last from one paycheck to another and have short loan terms, typically no longer than a few months or years.  

Some payday loans have extremely high APRs, often reaching rates as high as 400% of the loan value. This article will help you find the best online payday loans without exorbitant rates and fees.

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Lenders That Offer Online Payday Loans for Bad Credit

Here are the top sites that offer online payday loans for borrowers with bad credit. is an online lending portal created for those with low credit scores who need small loans quickly. Borrowers fill out a brief application, and the site connects the borrower with lenders who offer the right loans.  

Their loans range from $500 to $10,000, and borrowers can pick their loan term, with options between 90 days and 72 months. has over one million monthly users and includes educational materials to help teach borrowers how to improve their credit. It is one of the best sites for a payday loan.

  • Loan amounts: $500 to $10,000;
  • Annual percentage rate (APR): 5.99% to 35.99%;
  • Loan terms: 90 days to 72 months.

Learn more about today. is an online source that connects borrowers with lenders to find the best payday loan for their situation. offers small loans with short loan periods.  

Most borrowers can receive a payday loan in their account within one to two business days, and there’s no credit minimum for borrowers. As long as the borrower feels confident with a steady paycheck, they can take out a payday loan through

  • Loan amounts: $500 to $10,000;
  • APR: 5.99% to 35.99%;
  • Loan terms: Three years.

Learn more about today.


Borrowers with Fair credit scores can apply for a payday loan through Payoff. Payoff’s minimum credit score is 640 and they report your payments to the three credit bureaus, potentially boosting your credit score.  

Borrowers can receive their deposit from Payoff within one week of applying for the loan. The business also allows borrowers to change the payment due date twice, allowing for flexibility with payments.

  • Loan amounts: $5,000 to $40,000;
  • APR: 5.99% to 24.99%;
  • Loan terms: Two to five years.

Learn more about Payoff today.


Prosper also has a minimum credit score of 640 to limit the risk of their lenders. Borrowers will need to consent to a soft credit check that allows them to pre-qualify for Prosper’s loan options. Prosper’s site has a wide range of loan amounts, making for a large payday loan.

Borrowers can change their payment due date with Prosper, helping those who struggle to make payments on time. Additionally, Prosper reports to the three major credit bureaus.

  • Loan amounts: $2,000 to $40,000;
  • APR: 7.95% to 35.99%;
  • Loan terms: Three to five years.


OppLoans offers traditional payday loans for those who need money within one business day of applying. Their loan amounts range from $500 to $4,000 with high APR and short loan term lengths.  

OppLoans focuses on repaying their borrowers by helping them improve their credit scores. With a higher credit score, borrowers can qualify for better loans with lower APRs in the future. To help, OppLoans has a financial education program that teaches borrowers to build and maintain their credit.

  • Loan amounts: $500 to $4,000;
  • APR: 59% to 160%;
  • Loan terms: Zero months to two years.

Learn more about OppLoans today.

OneMain Financial

With OneMain Financial, there is no minimum credit score. OneMain Financial is also able to fund the borrower’s loan same-day, making for an effortless transaction.

Borrowers using OneMain Financial can add collateral or a co-borrower to the application to lower the APR, making it more affordable to pay back the loan within the loan term. Every month, OneMain Financial reports the borrower’s payments to the three credit bureaus.

  • Loan amounts: $1,500 to $20,000;
  • APR: 18% to 35.99%;
  • Loan terms: Two to five years.


Avant is one of the leading bad credit lenders. The majority of Avant’s customers have credit scores between 600 and 700.

This lender has reasonable APRs. Avant will conduct a soft credit check to verify that the borrower reaches the minimum credit score. Borrowers working with Avant will have loan flexibility and they choose between a small $2,000 loan or a large $35,000 loan.

Borrowers can change their payment date at any time with Avant. After agreeing to a loan, borrowers will receive their loan within one business day.

  • Loan amounts: $2,000 to $35,000;
  • APR: 9.95% to 35.99%;
  • Loan terms: Two to five years.


The minimum credit score for borrowers on Upstart is 600, and the site will conduct a soft credit check to verify the borrower’s credit history. They also welcome borrowers with new credit to use the site and build up their credit.

Borrowers using Upstart will be able to access their loan within one business day and can choose their payment plan. They also offer one of the widest loan ranges, with a variety of loan types available to those with bad credit.

  • Loan amounts: $1,000 to $50,000;
  • APR: 7.86% to 35.99%;
  • Loan terms:Three to five years. is a lending portal that connects borrowers to lenders. As long as the borrower has a credit score of 600, they can use Borrowers will also need to have an income of at least $2,000 a month from a reputable job source. is a user-friendly site that offers loans with competitive APRs. Borrowers receive loans quickly and have the option to choose the lender that works best with their situation.

  • Loan amounts: $500 to $35,000;
  • APR: 5.99% to 35.99%;
  • Loan terms: Three to 72 months.

Learn more about today.

What Are Online Payday Loans for Bad Credit?

Online loans are faster and easier than getting a loan in-person at a bank. In-person loans have lengthy processes and dozens of back-and-forth phone calls — online loans are done lightning-fast within a matter of minutes.  

An online payday loan is a loan meant to last from one paycheck to the next. They can be used for rent, food, school, or anything else that the borrower struggles to pay for. Payday loans are often available on short notice and can be deposited into the borrower’s account within a business day.  

If possible, borrowers should avoid using payday loans due to the high APR associated with the loans. Payday loans are small loans with short terms, meaning that the APR is inflated to meet the lender’s risk. Instead of using payday loans, borrowers should focus on increasing their credit scores to qualify for traditional loans with low APRs.

How Do I Get Online Payday Loans for Bad Credit?

An online payday loan is entirely online and remote; it’s a streamlined process designed for simplicity. Here’s how you can get an online payday loan for bad credit within an hour:

  1. Choose a loan site that includes the features you need. Some sites offer financing, credit education materials, or flexible payment options. Find the one that fits.
  2. Fill out the application form. Most application forms will ask for basic information such as your address, bank information, and average monthly income.
  3. Connect with a lender. Once the application is finished, the site will connect you with several lenders that will work with you. Connect with one that offers an agreeable loan.
  4. Receive your loan within one to two business days.

Payday loans are easy, fast, and efficient. However, it’s not always the best option. Borrowers should strive to improve their credit scores to qualify for better loans in the future. Luckily, many payday loan sites report to credit bureaus and help the borrower increase their credit score every month.

How to Find the Best Online Payday Loans for Bad Credit Provider

Using an online service to receive a payday loan is faster, easier, and less complicated than visiting an in-person bank. However, payday loans for those with bad credit have higher APRs, and borrowers can pay unfair costs due to the inflated rates. Borrowers need to be careful before agreeing to an online payday loan to avoid excessive rates.

Here are three things every bad credit borrower needs to look for before deciding on their online payday loan.  

Low APR Range  

Borrowers should always double-check the APR range listed on their loan if they’re looking at a variable loan. A variable loan means the APR fluctuates with the market and compensates the lender for any increased risk.  

However, if a borrower signs a loan with an APR range of 5.99% to 140%, the borrower may end up paying the high end of the APR range, nearly doubling their costs. Borrowers should never accept a payday loan with an APR higher than 35.99%.

Flexible Pay Dates

Borrowers should feel confident in their loans before agreeing to the loan. To receive a loan you can feel confident in, look for loans that offer flexible pay dates and allow the borrower to change the loan’s due dates.

The ability to customize the loan’s payment dates ensures that the borrower’s needs are put first and gives the borrower a cushion of safety if something serious occurs, and the borrower can’t pay back the loan on time.

Fast Turn-Around

Payday loans are for desperate borrowers who need money as quickly as possible. Some payday loans give the borrower access to the loan within a week. Borrowers can look for loans that allow them to access the money within a single business day.

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