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Get Same Day Short Term Loans With Dime Alley

Apply Online and Get Funds in 1 Hour!

Get the Best Short Term Loan on the Same Day to cover emergency bills! Dime Alley can get you $500, $1,000 or $2,000 Payday Loans – repay over 1, 3, 6, or 12 months. Apply today and get instant approval, with bad credit and no credit check options.

Same Day Short Term Loans

How to Apply for a Short Term Loan in 3-Steps:

Step 1: Apply Online Today
Apply using our quick form
Step 2: Wait to Hear Back
The same day or within 24 hours.

Step 3: Receive your money
Receive funds into your account in 1 hour!

What is a Short Term Loan?

A same day short-term loan is a quick and convenient solution to address unexpected financial needs. Approximately 22.7 million Americans have taken out an unsecured personal loan this year and with Dime Alley, you too could take out a short-term lasting anywhere between 1 and 60 months. 

A short-term loan could help to tide you over until your next payday, or could be used to cover an unexpected bill, such as a medical bill, veterinary bill or for car repairs. At Dime Alley, we specialize in connecting you with reputable lenders who offer same day short-term loans, ensuring you can swiftly access the funds you require.

Why Might You Need a Same Day Short Term Loan?

Life can present unexpected financial challenges, and same day short-term loans offer a practical solution. Common reasons people turn to short-term loans include:

  • Medical Expenses: Unforeseen medical bills can strain your finances. A short-term loan can provide the necessary funds for medical emergencies.
  • Vehicle Repairs: When your vehicle breaks down and you depend on it for work or daily activities, a same day short-term loan can cover repair expenses.
  • Home Repairs: Urgent home repairs, such as plumbing or electrical issues, can occur unexpectedly. Short-term loans can help you address these promptly.
  • Utility Bills: To prevent service disruptions, same day short-term loans can assist in covering overdue utility bills.
  • Other Unplanned Expenses: Whether it’s a sudden trip, a family emergency, or any unexpected financial need, a short-term loan offers quick relief.

What Types Of Short Term Loans Can I Get?

Type Of Loan Features Pros Cons
Payday Loans Short-term, high-interest loans intended to cover expenses until your next payday. Quick access to funds, minimal credit requirements, no collateral needed. High interest rates, short repayment terms, can lead to a cycle of debt if not managed carefully.
Installment Loans Allow you to borrow a larger sum, which you repay in fixed monthly installments over a specified period. More extended repayment terms, predictable monthly payments, and potentially lower interest rates compared to payday loans. Longer commitment, may require a credit check, and interest can add up over the loan term.
Credit Card Cash Advance Withdrawing cash from your credit card, often with a limit determined by your credit limit. Convenient, easy access to cash, typically no additional application required. High cash advance fees, high interest rates, immediate interest accrual, and can impact your credit utilization ratio.

How Fast Can I Get a Short Term Loan?

If you are looking for fast cash, it is possible to get an instant decision and receive funds within 1 hour, 24 hours or the next business day. Our entire application is online from start to finish and takes less than 5 minutes to complete using your desktop, cell phone or table. 

To speed up the process, make sure that you always give accurate information about yourself and always try to apply during a weekday and 9AM and 5PM. With automated checks, we aim to give you a decision and get your loan approved as quickly as possible.

Can I Apply For Short Term Loans Repaid Over 3, 6, 9 and 12 Months?

Yes, our short term loans are designed to be flexible and the option to repay them over 3 or 12 months or up to 60 months if you need them.

With flexible monthly repayments, you are able to spread the installments over time (see installment loans) so you can stay on top of your financial outgoings or pay off any pressing emergencies.

You also have the option to repay early if you want to – with the choice to clear your account in full and typically save money on the overall interest charged. You will just need to contact your lender directly to do so.

Am I Eligible For a Short Term Loan With Dime Alley?

As long as you meet the following criteria, you are eligible to apply for a loan with Dime Alley:

  • Have a live checking account to receive funds
  • Be a US citizen
  • Over 18 years of age
  • Able to make repayments
  • A steady income of at least $800 per month

How Much Can I Borrow with a Short-Term Loan?

With Dime Alley, you can get loans ranging from $100, $800 or up 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 when lenders consider your loan approval, including your residence, age and whether you have any other similar loans open.

Things to Consider Before Taking Out a Short-Term Loan

Before taking out a short-term loan, it’s essential to consider several factors to make an informed decision:

  • Your Financial Situation: Assess your current financial situation, including income, expenses, and existing debts. Determine if you genuinely need a short-term loan to cover an urgent expense.
  • How Much to Borrow: Only borrow what you need to address your immediate financial need. Avoid taking out more than necessary, as it can lead to higher repayment costs.
  • Compare Offers: Explore multiple lenders and loan options to find the best terms and interest rates. Look for transparency in terms of fees and repayment schedules.
  • Repayment Plan: Develop a clear plan for how you will repay the loan. Ensure that you have the means to meet your repayment obligations without causing financial strain.

What is the Repayment Period on my Short-Term Loan?

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.

Free Application
When you apply for a bad credit loan with Dime Alley, you won’t be hit with any hidden fees.
We only work with legitimate lenders, making sure you are being offered fair rates.
Stress Free
Through our soft search service, we assess your application and credit history without it impacting your credit.

When Might a Same Day Short Term Loan Not Be the Best Solution?

While same day short-term loans can be a valuable resource, they may not be the ideal choice in certain situations:

  1. Long-Term Financial Challenges: If you’re grappling with persistent financial issues or long-term debt, seeking financial counseling or exploring debt management solutions may be more suitable.
  2. Non-Essential Expenditures: Short-term loans should primarily address essential and urgent expenses. For non-essential purchases or luxuries, consider alternative financing options.
  3. Borrowing to Repay Debt: Using a short-term loan to settle existing debt can lead to a cycle of debt. In such cases, debt consolidation or negotiation with creditors may be a better strategy.
  4. Lack of Clear Repayment Plan: Ensure you have a well-defined plan for repaying the loan to avoid financial stress and missed payments.
  5. Inadequate Budgeting: If you haven’t assessed your budget and explored other financial resources, such as savings or alternative borrowing options, a short-term loan may not be the best choice.

At Dime Alley, we are dedicated to assisting you on your financial journey. Whether you require a same day short-term loan or are considering alternative solutions such as installment loans, we’re here to provide the financial support you need.

What Alternatives Are There To Borrowing A Same Day Short Term Loan?

Emergency Fund

Building and maintaining an emergency fund is one of the best ways to prepare for unexpected expenses without resorting to loans. Having a dedicated savings account can provide financial security during emergencies.

Personal Loan

You can apply for a personal loan from a bank, credit union, or online lender. Personal loans typically have lower interest rates and more favorable terms compared to short-term loans.

Credit Card Purchase

If you have a credit card, you can use it for necessary purchases instead of taking a short-term loan. This allows you to benefit from the card’s grace period and potentially lower interest rates on purchases.

Borrowing from Family or Friends

Consider reaching out to family members or friends for a loan, especially for short-term financial needs. Be sure to establish clear repayment terms to avoid straining relationships.

Credit Counseling

Seek assistance from a credit counseling agency. They can help you create a budget, negotiate with creditors, and explore debt management strategies to improve your financial situation.

What People Say About Us

More Frequently Asked Questions

How Much Can I Borrow?

With Dime Alley, you can borrow any amount between $100 and $35,000, but this will depend on your personal circumstance. As a loans broker, Dime Alley will connect your application to one of our trusted lenders who can offer you the best rates available to you.

Once this has happened, you will agree terms with your lender, and create a repayment plan.

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Is Dime Alley a Broker?

Yes! Dime Alley is a broker, 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.

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How Do Same Day Short Term Loans Work?

Same day short-term loans provide quick access to funds, often repaid in full on your next payday.

A lump sum will be deposited in your live checking account once you loan is approved. You will then make loan repayments and any additional interest.

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How Quickly Can I Get a Same Day Short Term Loan?

In some cases, you can receive same day funding, although it may take up to 24 hours. Applying during business hours between 9AM and 5PM on workdays increases the likelihood of swift approval and funding.

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What Happens If I Cannot Repay My Same Day Short Term Loan?

If you anticipate repayment difficulties, contact your lender immediately. Failure to repay on time can result in late fees and potential damage to your credit report.

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Am I Charged a Fee for using Dime Alley?

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.

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How Do Repayments Work for Short Term Loans?

When you enter a contract with your lender, you will also agree upon a repayment plan. You will be offered up to 60 months over which you will pay back your loan.

Repayments will be made in monthly instalments. Typically, you and your lender will agree on a date – normally your pay day – and an instalment of your repayment will be withdrawn from your checking account on that date, each month, until your repayment has been made in full.

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How Much Can I Borrow With a Same Day Short Term Loan?

Lenders typically offer same day short-term loans in amounts ranging from $100 to $1,000, although some may provide larger amounts.

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Are There Any Restrictions on Applying for a Same Day Short Term Loan?

To apply, you must meet eligibility criteria, including being over 18, having a stable income, and possessing a valid checking account for fund deposits.

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Editorial Note

Before opting for a short-term loan, carefully explore all available options, considering your financial well-being and long-term goals. Short-term loans can be convenient, but they often come with high fees. We encourage you to make an informed choice when facing a cash loan need. 

If you ever find yourself in need of expert guidance, we highly recommend seeking assistance from experienced financial advisors or credit counselors. They can offer personalized advice on lenders, credit management and online borrowing.


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