If you are looking for payday loans of $300 or $500, you can complete our online application in less than 5 minutes, receive an instant decision and get funds in your bank account within 1 hour, 24 hours or the same day of applying!
If you are looking for payday loans near me, we work with a number of reputable lenders who will help you find the best product for you, taking bad credit scores and no credit checks into consideration too.
There are no fees for applying with Dime Alley and there never will be. To get started, simply click on ‘apply now’ below!
I Need a Payday Loan Online – How To Apply in 3 Simple Steps
Getting a payday loan with us is easy thanks to our three stage process:
Step 1: Apply Online Today
Enter your details in less than 5 minutes including your name, contact details, amount you wish to borrow and how long for.
Step 2: Get an Instant Decision
Get an instant approval on the screen with a competitive loan offer. If you wish to proceed, you will eSign (electronically sign) your loan agreement highlighting the terms of your loan.
Step 3: Receive Money Today
Once you have passed all final checks, money can be transferred into your checking account sometimes within 15 minutes or 1 hour, but typically within the same day or next business day.
What is a Payday Loan?
Payday loans are for small amounts, and many states set a limit on payday loan size. $500 is a common loan limit although limits range above and below this amount. With Dime Alley, you can apply for a payday loan for up to $35,000.
The due date is typically two to four weeks from the date the loan was made. The specific due date is set in the payday loan agreement.
A payday loan is usually repaid in a single payment on the borrower’s next payday, or when income is received from another source such as a pension or Social Security.
To repay the loan, you generally provide the lender with authorization to electronically debit the funds from your bank, credit union, or prepaid card account. If you don’t repay the loan on or before the due date, the lender can cash the check or electronically withdraw money from your account.
Our Key Features
- Borrow $100, $300 or $500
- Repay over 1 to 60 months in installments
- Working with direct lenders
- No upfront fees
- Instant decision and approval
- 1 hour or same day funding available
- Bad credit and no credit checks considered
Am I Eligible for a Payday Loan?
In order to qualify for a payday loan with Dime Alley, there are only a few simple criteria that you need to meet to have a chance at being approved!
- You must be a US resident, over the age of 18.
- You should have a stable, regular income, earning a minimum of $800 per month.
- You should have a valid mobile phone account and a live checking account (for your loan to be deposited into).
If you meet the above requirements, apply for a payday loan with Dime Alley today!
Why Choose Dime Alley For Payday Loans?
Dime Alley offers a loans connection service that matches your loan requirements with the US lender who is most likely to offer you a payday loan and the most affordable rates, even with bad credit histories. There is no need to apply with different lenders one-by-one and wait for a decision, since we can match your requirements with the best partner as quickly as possible.
We have helped thousands upon thousands of happy customers to date and will continue to offer the best service we can. We work only with licensed and regulated lenders and you can have peace of mind that when you apply that your details will be held safely, securely and not shared with any other parties. We do not charge any fees for using our service and we never will. Plus, there is no impact to your credit score when you apply either!
Do You Offer Payday Loans for Bad Credit?
Yes, if you are looking for payday loans with bad credit scores or histories, Dime Alley can certainly assist you today. Our lenders are very used to working with poor credit scores and honestly, they do not expect your credit score to be perfect anyway.
To be eligible for a bad credit payday loan, you just need to make sure that you have a stable income, employment and can afford your monthly repayments without falling into financial difficulty.
As long as your financial position is improving and not getting worse, you can certainly be eligible, whether it is for an emergency or an everyday expense.
To accommodate those with bad credit, the rates charged may be just a little higher and the lender may adjust the amount you are looking to borrow. In some cases, Dime Alley may offer alternative products such as collateral loans (such as title or secured) or products from credit unions to help you get the money you need.
Can I Get a Guaranteed Payday Loan Today?
If you are looking for a guaranteed payday loan, this is not something that can always be 100% approved, since you must always undergo a series of eligibility, credit and affordability checks to ensure that you can afford to repay your loan on time.
At Dime Alley, we are proud that we can maximize your chances of being approved by working with over 50 reputable lenders who will each carefully consider your application – and we will match you with the company who can offer you funds today.
So whilst we cannot offer a guaranteed loan, we can certainly improve your chances by having a number of lenders who are ready to go, all in one place. And yes, funds are typically approved on the same day.
Do You Offer Payday Loans with No Credit Checks?
We can help if you want to apply for no credit check payday loans, but it is important to remember that most lenders will run a credit check to confirm your eligibility and to see how well you have paid other types of loans in the past.
If you have missed a number of repayments for similar loan products, this will be flagged by the lender and they will approach you with caution.
However, in some cases, we may suggest loans without credit checks, such as using your car, home or other collateral, or working with a credit union. If you worry that you might be declined due to having bad credit, do not worry, since our partners are very used to this and are willing to take a view on kinds of histories and backgrounds.
How Do Repayments Work?
With a payday loan, you will typically repay the entire loan and interest on your next payday from working, which is usually the last Friday or working day of the month. This type of product typically only lasts around 2 to 4 weeks and lasts until your next ‘payday.’
We can also assist with longer term products, known as installment loans, so you can repay over 2 to 60 equal monthly installments – and this is better suited for when you borrow $1,000, $2,000 or $5,000.
Repayments are collected via a process known as ACH authorization which means that our companies can collect automatically from your checking account on the scheduled date each month, without you having to go to the bank or make a manual payment. It is designed to be as smooth and efficient as possible, with reminders sent to you on the days leading up to each repayment.
- How Much Can I Borrow?
- Am I Charged a Fee for Using Dime Alley?
- How Much Does a Payday Loan Cost?
- Is Dime Alley a Broker?
- Can I Repay My Loan Early?
- What is the Repayment Period on my Payday Loan?
- What Payday Loans Alternatives Can You Offer Me?
With Dime Alley, you could find payday loans ranging from $100 to $35,000 – with the amount you can borrow based on factors like your monthly income, credit status and affordability.
Other things come into play too, including your residence (homeowners are often preferred), age and whether you have any other similar loans open too.
No! We will never charge fees for using our service.
Instead, we take a fee or commission from the lender if your application is approved and successful. The lenders will charge a daily or monthly interest if your loan is active and this will be presented to you in writing before you proceed.
Based on a repayment example of a $500 loan, this will cost $46.23 in interest if used for two weeks and $92.27 in interest if used for 4 weeks.
Yes! Dime Alley is a broker and not a direct lender meaning that if you’re approved, we don’t provide the funds for your loan directly. Instead, we connect you to a lender best suited to your situation from our trusted panel.
Do not worry though, your information is completely secure and will not be sent or shared with any other companies or third parties and we certainly will not charge you anything for using our service.
Yes, you will always have the option to repay your loan early by contacting the lender directly or clearing your account through the login section on their website. Paying off your loan early will often save you money on the overall cost of your loan since less interest is accrued.
Customers can repay over 1 month to 60 months (or equal to 5 years) – this will depend on whether you prefer the payday option which may be just a few weeks or months, or the longer installment option which can be several years to stretch out your repayments.
Payments are usually made in equal monthly installments from the bank account you choose and you always have the option to repay early if you would like to do so.
If we believe that you are not the right fit for a payday loan, we may offer alternatives including credit cards, title loans (secured against your car) or products offered by credit unions.