Best payday loans online with guaranteed approval and instant decisions in 2022

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Unexpected – or unwanted – expenses have a way of creeping up on the average American. And when they do, payday loans are the proverbial superhero to save the financial day! Some Americans get by just fine with quick $255 payday loans online the same day. These loans are great for buying some groceries, repairing an appliance, or making ends meet until the next payday. And then some need heftier amounts, such as $5,000 payday loans online, which can be used for vehicle repairs, buying a beautiful engagement ring, or paying for a holiday.

To make things simpler for borrowers country-wide, this guide responds to the question that’s begging to be answered: what are the best online payday loans?

Best payday loans online with guaranteed decision – Quick Overview

  1. Big Buck Loans – best for online payday loans
  2. Money Lender Squad – runner up for payday loans online with bad credit
  3. Viva Payday Loans – good for quick payday loans in the USA
  4. Low Credit Finance – good for payday loans with a guaranteed decision
  5. Credit Clock – good for same day payday loans

Top payday loans for bad credit with guaranteed decision 2022

Below is a list of the best payday loan online for bad credit in the US in 2022:


Big Buck Loans – best for no credit check payday loans

Big Bucks Loan 640X480 (3)Spotlight Wire

You would think that the only way to get a loan with poor credit is to find a company offering 1-hour payday loans with no credit check. And while it is understandable that so many Americans search for such a product, it’s worth noting that low-credit borrowers can still get a loan, even if their credit is checked. Of course, you need to meet certain requirements, but there are lenders on the Big Buck Loans panel with a good reputation among bad credit borrowers.

That said, borrowers who are 18+ years old, earning an income of at least $1,000 per month, are welcome to apply for loans between $100 and $5,000 with funds paid out in as little as 15 minutes. The application process can be done online by completing the quick and easy application form.

Eligibility criteria for payday loans

  • 18 years or older
  • Pass an affordability assessment
  • Minimum income of $1,000 per month

Pros of online payday loans

  • Easy application
  • 15-minute disbursement of funds
  • Low FICO scores welcome

Cons of Payday Loans Near Me

  • Interest can get high (35.99%)

2. Low Credit Finance – best overall broker for payday loans

low credit finance (4)Spotlight Wire

Low Credit Finance ranks #1 on this list for those searching for quick payday loans with no credit check. That’s not because Low Credit Finance promises one-hour payday loans with no credit check (they don’t) but rather because lenders on their panel welcome low FICO score borrowers to apply. Even with a credit check, low credit borrowers may still get finance through Low Credit Finance.

Loan amounts range from $100 to $5,000 here, with interest rates ranging from 5.99% to 35.99%. Repayment terms are somewhat flexible, offering borrowers between 2 and 24 months to repay their loans. With an application process that takes just a few moments and a pre-approval process that’s done and dusted in 2 minutes, this is one of the speedier loan matching services that is offering some of the best online payday loans.

Eligibility criteria for online payday loans

  • 18+ years minimum age
  • $1,000 per month income
  • Only legal residents and citizens of the US can apply

Pros of payday loans online same day

  • Simple eligibility criteria
  • Low FICO scores welcome
  • Up to 24 months to repay

Cons of small payday loans online with no credit check

  • Interest is high at 35.99% max

3. Money Lender Squad – best for bad credit payday loans

Money Lender custom (4)Spotlight Wire

Money Lender Squad is another loan matching service that’s making waves in the industry. This platform offers a no-nonsense, no-frills service that has loans applied for, approved, and paid out within a matter of hours. Their payday loans online can be applied for by filling a simple application form. The form covers the basics and ensures that the panel of lenders receives the opportunity to review the request. When a lender can assist, it is indicated, and you’re in for a speedy finalization process.

You can apply for $255 payday loans online the same day, but the platform offers both lower and higher loan amounts to choose from. Borrowers can choose from $100 to $5,000 with interest ranging from as low as 5.99% to as high as 35.99%. Yes, Money Lender Squad is not the cheapest borrowing option, but they offer convenience and speed! If you are 18+ and earn at least $1000 per month, you’re eligible to apply for a loan at Money Lender Squad and can pay it off over 3 to 24 months.

Eligibility criteria for best online payday loans

  • Must be a resident or citizen of the USA
  • Minimum earnings of $1,000 per month
  • Must be at least 18 years old
  • Have an active mobile number and bank account

Pros of same-day payday loans online

  • Loans ranging up to $5,000
  • Easy repayment terms of up to 24 months
  • Get your cash on the same day post approval

Cons of payday loans

  • Not all loan applications are approved

4. Very Merry Loans – best for quick payday loans

Veryy Merry Loans Custom (3)Spotlight Wire

If it’s a quick application and payout you’re looking for, Very Merry Loans is a great choice. This platform focuses on matching borrowers with lenders offering small payday loans of $100 to $2,000. At Very Merry Loans, you can get access to payday loans online the same day. In fact, most borrowers using the platform report getting their cash in as little as an hour from approval.

While Very Merry Loans carries out credit checks, they still welcome low-credit borrowers to apply for payday loans. The platform offers interest rates ranging from 5.99% to 35.99% and 2 to 12-month repayment options.

Eligibility criteria for online payday loans

  • Permanent US residency
  • 18+ years minimum age
  • Earn at least $1000 per month
  • Active bank account and mobile number

Pros of payday loans online the same day

  • Same day payout
  • Small loans of up to $2000
  • Up to 12 months to pay

Cons of small payday loans online with no credit check

  • Interest can be as high as 35.99%

5. Credit Clock – best for same-day payday loans

Credit Clock Custom (7)Spotlight Wire

Borrowers who need cash right now and don’t have much time to play with often turn to Credit Clock to find them the most suitable loan deal. This loan-matching platform offers payday loans from $100 to $5,000 with 3 to 24 months to pay. APRs are pretty standard but don’t breach the 35.99% mark. A great perk of Credit Clock deals is that you don’t need to be employed to apply for a loan. You must earn a minimum of $1,000 per month, but that can come from any number of alternative income streams!

Applying is simple. Fill in the online form (follow the prompts) and click ‘submit.’ The automated system will take care of the rest.

Eligibility criteria for payday loans online

  • Earn $1,000 per month
  • Permanent US resident
  • 18+ years minimum

Pros of payday loans

  • Interest starts from 5.99%
  • Easy process to apply
  • Same day payout

Cons of payday loans

  • Expensive form of borrowing

What are payday loans and how do they work?

Payday loans are fast cash advances paid out in a hurry and then either repaid in full on your next payday, or in installments split over your next few paydays. Payday loans can be used to put food on the table, pay for emergencies, or cover unexpected expenses. Most come with up to 24 months to repay, depending on how much you wish to borrow. Loan matching sites make it easy for borrowers to get quick access to the best payday loan deals on the market. These loans work rather simply. The lender provides a lump sum plus interest which is split over the repayment period.

How to apply for payday loans in a few quick steps

Step 1: Select your loan value and term

Using the sliders and drop-downs, select how much you need and how long you require to pay it back.

Step 2: Fill in the application form

Click on the application form and follow the prompts.

Step 3: Wait two minutes for a decision

Lenders will let you know within two minutes if they can assist. If they can, you will need to finalize the deal with them.

Step 4: Receive your loan

A loan agreement will be sent to you. It must be read, signed and returned before the cash will be paid over to you.

Payday loans features and factors to consider

Credit checks

All lenders carry out credit checks, but it’s good news that even bad credit borrowers can receive a loan nowadays!

Cost of the loan

All loans come with fees and costs. Make sure that you’re aware of them before you get started. For instance, if you’re late on your loan payment, you may get penalized.

Compare quotes

Find the best online payday loans by using loan matching sites like the five assessed above. This cuts out time and effort and provides access to a product that is well-suited to your requirements.


The best payday loans matching services are quick, offer simple online applications and welcome low credit borrowers. These are the very attributes you will find in Low Credit Finance and the other loan matching platforms assessed above! Happy loan shopping!


Do multiple payday loan applications affect my overall credit score?

Yes, if you approach several lenders for a loan, each one will carry out a credit check, and this does not bode well for your credit score. If you want to avoid multiple credit checks impacting negatively on your credit score, use a loan finder such as Low Credit Finance that requires just one application.

What are the best online payday loans?

Using a loan matching site such as Low Credit Finance, Very Merry Loans, Credit Clock, Big Buck Loans, or Green Dollar Loans provides you with access to some of the best online payday loans available.

What supporting documents are required to apply for payday loans?

You will need a copy of your ID, proof of address, pay slips, and bank statements (three months).

Disclaimer – The above content is non-editorial, and Times Of India hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. The loan websites reviewed are loan-matching services, not direct lenders, therefore, do not have direct involvement in the acceptance of your loan request. Requesting a loan with the websites does not guarantee any acceptance of a loan. This article does not provide financial advice. Please seek help from a financial advisor if you need financial assistance. Loans available to U.S residents only.

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