Payday Craft App is among the top-rated payday loan apps you can possibly apply for a payday loan. This app prides itself on offering instant loan approvals and next day deposit into your bank account. The entire application process is online and takes less than five minutes to complete.
You can choose the loan amount that you wish to apply for from the website’s homepage. The lender has included innovative tools on this page to help you select a loan amount between $100 and $5,000. Minimum and maximum period for repayment — from 62 days to 2 years for any of the loans offered.
Payday Craft App has APRs that range between 4.99% and 35.99%. It will cost you between $6 and $36 dollars for every $100 that you borrow. However, this will vary greatly on the region you are making the request from. Additionally, the loan amount will also greatly influence the cost of the loan.
· It is available in all the states.
· Fast application and instant approval.
· Fast application and instant approval.
2. Funds joy personal finance | Best for high credit limits
Funds Joy features here because of the ease with which it makes loans available to all borrowers regardless of their credit rating.
Importantly, we like their relatively high credit limit that avails up t0 $5,000 in loans. Here, loan application and processing is wholly online and takes only no more than a few minutes with the funds (once approved) deposited into your bank account within 24 hours.
Note however that Funds Joy isn’t a direct lender but a loan marketplace that links sellers to buyers.
· Maintains fairly extended borrowing limits — from $100-$5,000
· A wide range of loan options available and instant processing
· Maintains relatively fast loan application processing and approval
· Not a direct lender
· High loan APRs of up to 1386%
3. Loan solo | Best for easy application process
LoanSolo is a credit access that connects borrowers with different payday loan lenders. Here, loans are available to you regardless of your current credit rating or income level.
You also get to borrow between $100 and $1000 and enjoy the benefit of same-day or the next business day processing. One of the key benefits of getting a payday loan on LoanSolo is the fact that you get multiple offers and decide on one that appeals most to your financial needs.
The average loan APR here ranges from 4.99% to 1386%, and you only need to be above 18 years and in gainful employment to qualify for a loan here.
· Most of the lenders on the platform look beyond credit scores in approving loan requests
· Easy and straightforward online application process
· The large base of lenders increases your ability to qualify for a loan
· One may consider the $1,000 loan limit quite low
· You need a stable source of income to qualify for
4. ExtraLend | Best for ease of qualification
Extralend is a loans marketplace that maintains a huge database of lenders. It connects borrowers to lenders who offer unsecured installment loans of between $100 and $3000 with flexed repayment periods of between 6 and 24 months.
The application process is wholly online and the cash is disbursed the same day or during the next working day. To qualify for the loan, you only need to be 18 years old with a bank account and gainful employment.
The loan terms like interest rate for the loan and actual repayment period will, however, be determined by your lender.
· Offers fairly extended loan repayment periods of up to 24 months
· You get your loan deposited into the bank account within the same day or the next
· The large base of lenders makes it possible to qualify for loans
· One may consider the lender’s 1386% APR quite expensive
· You will not always qualify for the $3,000 maximum loan limit
5. GetFundsAsap | Best for ease of qualification
Get Funds ASAP maintains some of the friendliest loan application and processing terms. You, for instance, only need to be an American Citizen, above 18 years with a regular monthly income of $1,000 to qualify for a loan here. The loan application process is wholly online and both application processing and funds disbursement relatively fast (1–2 days).
You do not need a stellar credit history to qualify for a loan here since most of the lenders on the platform won’t pull your credit report. They also maintain a relatively high loan limit — up to $5,000.
· Lenders don’t pull your credit report
· Wide range of lenders
· Maintains a highly interactive user interface
· Only available to borrowers with $1,000 minimum monthly income
· The maximum $5,000 is only available to creditworthy borrowers