Top 10 Online Payday Loans 2023: Best Companies for Fast Cash with No Credit Check

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The Best Online Payday Loans in 2023, we have reviewed, ranked and scored the top 10 online payday loans in the US. See below for all the information you need to secure a loan today.

Brand Our Opinion Score
Fast Money Source Best Online Payday Loan 10/10
Loan Raptor Best for Fast Online Loans 9/10
Fast Loans Group Great for Fast Approval  9/10
Honest Loans Best for long repayment terms  8/10
Credit Clock High chance of approval  8/10
Heart Paydays 24/7 Applications Accepted  8/10
Low Credit Finance Easy Online Loan Application  7/10
Big Buck Loans High Approval Payday Loans 7/10
Personal Loans™ Large Broker Network  7/10
QuickCashAdvanceUSA Easy Application Process  7/10 


Top 10 List of Online Payday Loans in 2023: Apply for Quick Cash Right Now

After 100+ hours of intensive research and careful analysis, here you have our exclusive list of the top 10 online payday loans that offer the lowest APRs, the best terms and conditions for you as a borrower and the highest approval rate in the US:

  • 1. Fast Money Source: Best Overall Online Payday Loan
    2. Loan Raptor: Best for Fast Loans 
    3. Fast Loans Group: Online Payday Loan with Fastest Approval 
    4. Honest Loans: Online Payday Loan with the Lowest APR
    5. Credit Clock: Online Payday Loans Available 24/7
    6. Heart Paydays: Highest Approval Rate for No Credit History
    7. Low Credit Finance: Highest Approval Rate for Low Income
    8. Big Buck Loans: Highest Approval Rate for Bad Credit
    9. Personal Loans™: Broker with Extended Lender Network
    10. QuickCashAdvanceUSA: Easiest Application Process

  • If you need cash fast, then a payday loan will be the ideal solution, and this is why we’ve built this ranking of the top 10 online payday loans in 2023, so you can compare the best options and find the offer that will meet your needs and goals perfectly.

    We’ve carefully analyzed all the payday lending industry in the US, and after reviewing thousands of payday lenders, we’ve identified the top 10 companies that offer the best terms and conditions such as a low APR, generous loan amounts, flexible loan terms and same day disbursement.

    Come with us to check out our ranking so you can apply for your payday loan now.


The Best Online Payday Loans Reviews 

Just click on your favorite lender from our ranking to start the application process - you will be approved instantly and the company will disburse the loan the same day.

1. Fast Money Source: Best Overall Online Payday Loan

Fast Money Source is one #1 online payday loan lender because it will allow you to borrow up to $50,000 USD (if your state allows it) with an excellent APR and low fees - along with flexible loan terms up to 60 months. It also welcomes all types of clients such as bad credit, no credit history, low income and unemployed customers. 

Thanks to its generous range of loan amounts, you can find the ideal payday loan in any state. Be it a $100, $200, $500 or even a $1,000 payday loan, Fast Money Source can provide it fast thanks to its instant approval and same day disbursement process.

2. Fast Loans Group: Online Payday Loan with Fastest Approval and Disbursement

Fast Loans Group is the Formula 1 from our ranking of the best 10 payday loans because it offers the fastest approval and disbursement process. With a wide myriad of payday loans available ranging from $100 up to $50,000, along with a competitive APR, it’s the ideal choice when you need to borrow money fast at an affordable interest rate.

3. Honest Loans: Online Payday Loan with the Lowest APR

The lowest price is often one of the most attractive benefits of a product, and loans are not an exception to this rule. This is why you will love Honest Loans, because it offers the online payday loans with the lowest APR and the cheapest fees in the market. You can borrow up to $5,000 with fast approval, only keep in mind that the disbursement can take up to 1 business day.

Honest Loans welcomes all types of customers: those with bad credit, low income, no credit history and the ones who are unemployed. Thanks to its high approval rate, it’s highly likely that you will qualify for a payday loan at Honest Loans.

4. Credit Clock: Online Payday Loans Available 24/7

Credit Clock is the most reliable online payday loan provider from our ranking because they work 24/7. For all those emergencies outside of regular business hours, Credit Clock will be there to help you out with up to $5,000 with instant approval and express disbursement, along with a competitive APR and low fees. 

Customers with bad credit and no credit history are welcome, but be aware that they have a low approval rate for borrowers with low income.

5. Heart Paydays: Highest Approval Rate for No Credit History

When applying for a loan at banks or traditional lenders, this is sadly true: no credit history = no loans for you. However, Heart Paydays is here to change it in the industry of payday loans, because it’s ready to approve your application even with ZERO credit activity. You can take out the very first 

6. Low Credit Finance: Highest Approval Rate for Low Income

Having a low income can be a problem when qualifying for any type of loan, and that includes payday loans because they focus on your income to determine your creditworthiness. Fortunately, Low Credit Finance can approve you for a payday loan even if you have low income, allowing you to borrow up to $5,000.

Low Credit Finance also offers you instant approval and express disbursement (1-4 hours), along with flexible loan terms. However, keep in mind that their APR and fees are more expensive than our other recommendations. 

7. Big Buck Loans: Highest Approval Rate for Bad Credit

If your credit score is pretty bad - anywhere from 300 to 500 points - then you need a company that will welcome you, and this is exactly what Big Buck Loans will do. Thanks to offering the highest approval rate for customers with bad credit and extremely bad credit, it’s the payday lender you can rely on to get the money you need.

They also welcome customers with low income or who are currently unemployed, bringing you the opportunity to borrow up to $5,000 with fast approval and disbursement. Only keep in mind that their APR is higher than average.

8. Loan Raptor: Alternative Payday Loan Broker for Bad Credit

If you have bad credit and you want to get even more options, then Loan Raptor is a good choice because it’s a broker with a massive network of payday lenders. You can qualify for a payday loan even with extremely bad credit, and thanks to their extensive network, you will receive an important number of offers to compare and choose the one that better meets your needs.

However, because we’re talking about high risk payday loans, because they’re specifically designed for borrowers with very bad credit, you will have to pay for it in the form of a higher APR. 

9. Personal Loans™: Broker with Extended Lender Network

If you want to receive an outstanding number of offers from a wide myriad of direct lenders, then Personal Loans™ will be an excellent choice for you. Thanks to its extended lender network, it will help you to find the ideal direct lender based on your profile, be it bad credit, low income, no credit history, etc.

10. QuickCashAdvanceUSA: Easiest Application Process

QuickCashAdvanceUSA has completely simplified the application process, making it the easiest one to complete from our ranking of the top 10 payday loans. Simply enter the simple info they request and they will serve you with all the payday loan offers available for you in your state.

How to Apply for an Online Payday Loan at Our Recommended Lenders

If you’ve already your preferred lender from our ranking of the top 10 payday loans online but you don’t know how to send your application, then here’s how to do it in 5 minutes or less:

  • Visit the website of your preferred online payday lender
  • Fill out the application form with all the requested information
  • Submit the online payday loan application form
  • Wait for approval
  • Get approved and receive the payday loan money in your bank account

You will only have to enter simple information such as your names, address, monthly income, current unemployment situation, preferred repayment date, etc. 

One of the requirements to get into our ranking of the 10 best online payday loans is to provide instant approval and same day disbursement, and this is exactly what you can expect from our recommended providers.

How We Selected the Best Online Payday Loans: Criteria and Methodology

If you want to learn how we selected our top 10 online payday loan providers, and hence why you can trust our recommendations, then here you have the exact criteria and methodology we’ve used.

About the Online Payday Lender

We make sure that the payday loan lender we’re going to list has been licensed by all the US states they do business in and that they have plenty of positive reviews and ratings. Furthermore, we also verify if they have a real physical location address and we also check their records to ensure that they’re free from scandals.

APR and Fees

The maximum APR, fees and finance charges will vary depending on the US state you live in, but we’ve made sure to only pick the payday lenders with the most competitive APR and fees across all the states where payday loans are legal. Therefore, you can expect to get the best deal if you apply through any of our recommended companies.

Approval Rate

Payday loans are preferred and trusted by millions of Americans because they’re the best way to cover short-term expenses and emergencies when banks and traditional lenders aren’t willing to help you. This is why we’ve only picked the payday lenders with the highest approval rate for customers with bad credit, low income, no credit history or who are unemployed. 

Loan Amount

Our ranked online payday loan providers will allow you to borrow anywhere from $50 up to $50,000. Even though the maximum loan amount will be set by the regulations of the state you live in, our recommended lenders will bring you the flexibility you need to cover any sort of expenses and emergencies.

Loan Terms

Payday loans are usually short-term, but thanks to our recommended lenders you can repay your payday loan over several weeks or months. Be it 1, 3, 6, 12 or even 24 months, you can choose the loan term that better suits your needs.

Approval and Disbursement Speed

Payday loans are famous for being fast and efficient, and our recommended lenders will meet and surpass this standard. Because they offer instant approval and same day disbursement, you can rely on our recommended online payday loans to cover any unexpected expense.

Credit Bureau Reporting

If you need a payday loan then it’s because you have problems with your credit score or credit history, and this is why we’ve picked lenders that report to Equifax, Experian, and TransUnion, so you can use this payday loan to improve your credit history or to build up your credit history.

Customer Support Service

Our top 10 online payday loans providers will be there to solve your problems and answer your questions because they offer multiple customer support channels such as live chat, email, and phone, and they have efficient customer support teams always ready to help you.

How to Get Approved By Our Best Online Payday Loans Providers: Eligibility Requirements

If you want to know if you are likely to get approved by our recommended payday lenders, then here you have the list of eligibility requirements:

  • You must be at least 18 years old
  • You must be a US citizen or permanent resident
  • You must have a verifiable and regular source of income
  • You must have an acceptable debt to income ratio (DTI)
  • You must have an active bank account
  • You must have an active phone number and email address

It’s easy to qualify for our recommended payday loans, even if you have bad credit or no credit history at all, because these lenders focus on other factors such as your current income and debt to income ratio to determine your creditworthiness.

What is an Online Payday Loan?

It is a special type of loan that you can use to cover short-term expenses and emergencies without a hard credit check because the lenders will determine your creditworthiness based on your income and debt-to-income ratio. Making it an excellent choice for consumers who won’t get approved by banks such as those with bad credit or no credit history.

Payday loans are short-term in the majority of cases, because you usually have to repay them the next day after you get your paycheck. Likewise, these loans are usually approved immediately after sending the application and verifying that you meet the eligibility requirement, and the disbursement often takes place the same day as well.

However, given the current regulations and the consumers’ demands, payday loans have evolved and now they accept alternative income sources other than paychecks and you can repay them in multiple installments over several weeks/months.

How Do Online Payday Loans Work?

Payday loans work similarly to conventional personal loans, but here you will have to show a proof of income, be it your current job, your earnings as a freelancer or as a business owner, unemployment benefits, or even dividends or a pension. 

Once you’ve been approved, the payday lender will send you a final contract, and once you agree to it, they will proceed to disburse the payday loan. The entire process can be completed the same day, and since our top 10 online payday loans are the fastest in the industry, it will only take a few hours.

You will be given a due date and how much you have to repay, and evidently you need to pay it back on time in order to avoid issues such as penalty fees, requesting a payment plan or extension, affecting your credit score, etc.

Pros and Cons of Online Payday Loans

The best way to discover if online payday loans are the right choice for you is by comparing the pros and cons. Here you have our comparison table so you can make the best decision today:



You can get approved easily

The APR is higher than traditional personal loans

You can use the money for any purpose

Payday loans are not available in some US states

You can get a payday loan even with bad credit


You can improve your credit score


You can build up your credit history


You can get the money the same day


If you need money fast for any sort of emergency or unexpected expense, then a payday loan will come in handy. We are aware that the APR of a payday loan is higher than that of a conventional personal loan, but our recommended providers will provide you with the most competitive interest rate, so you can keep the cost of your loan as low as possible.

Therefore, the answer is clear: If you need money urgently and banks or traditional lenders won’t approve your loan applications, then taking out a payday loan will be the best decision you can make now.

Alternatives to Online Payday Loans

If our comparison of the pros and cons has made you see that you might need a solution other than an online payday loan, then here you have the best available alternatives.

In-Store Payday Loans

If you like payday loans but you don’t like the idea of applying for them online, then you can always go for an in-store payday loan. However, this will only make the process much longer, you’ll have to fill out paperwork, you will lose valuable time, and you could also miss out on exclusive offers that you will only find on the internet. 

Our recommended online payday loans work the same way as in-store payday loans, but with the huge advantages that the application process will only take 5 minutes and you can do it from home, you will receive the best possible offers for your profile and you will receive the money the same day.

Cash Advances

Do you have a credit card? Then it can be a source of quick cash for any purpose if you request a cash advance. Just submit the application through your credit card company (online or through the mobile app) and wait for the company to approve it. Once your request has been accepted, they will disburse it immediately. We have reviewed the Best Cash Advance companies Here

Even though this is a good alternative, we recommend payday loans over cash advances. Because these products can end up being considerably more expensive than payday loans, especially if you fail to pay them back on time.

Title Loans

If your debt-to-income ratio is very high (over 30%) and your monthly income is at a low, but you have a valuable possession such as a home or car that you can use as collateral, then you could qualify for a title loan. This alternative will also offer you a lower APR and the possibility to repay the loan over several months. 

The downside here is that you can lose your home or car if you fail to repay the loan. If you only need $50-$1,000, then you’re better off applying for a payday loan. A selected number of companies from our ranking of the top 10 online payday loans will be happy to approve your application even if your debt-to-income ratio is high and your income is low. For more info see this article on the Best Title Loans

Bad Credit Installment Loans

If the laws and regulations for payday loans in your state make them impractical for your goals and needs, then you might be interested in taking out a bad credit installment loan. This way you can borrow more money (because many states limit payday loans at $300-500), pay your loan back over several months (3-60 months), drive down the APR and use the loan as a powerful vehicle to ramp up your credit score. 

The downsides of this alternative are that the eligibility requirements are stricter, especially the debt-to-income ratio and the minimum monthly income, and that the disbursement process can take anywhere from 1 to 3 business days, making them unsuitable for emergencies.

How to Spot a Bad Payday Loan Provider

Even though our ranking of the top 10 online payday loans will save you the effort of navigating and analyzing the market on your own, it’s always a good idea to learn how to spot a bad payday loan provider. Here’s how you can easily recognize a bad payday loan offer:

  • The payday lender does not have a physical location address
  • The payday lender won’t publicly show their maximum APR and finance charges
  • The payday lender has a suspiciously high number of negative reviews and ratings
  • The payday lender promises “guaranteed approval” without checking if you meet the eligibility requirements

Learning this will make you a smart shopper when looking for a new payday loan. However, we insist that the best way to protect you from a potential scam is by trusting our ranking of the top 10 payday loans online. Because we’ve carefully chosen them after investing 100+ hours of research and analysis, and hence they’re the best that the market can offer nowadays.

Tips for Choosing the Right Payday Loan Provider

Any of our recommended payday loan providers will bring you an excellent offer that will respect your rights as a borrower such as bringing you a fair APR, respecting the laws of your state, no hidden terms and conditions, etc. However, if you want to pick the best possible offer from our ranking, then follow these tips:

  • Ask yourself how much you want to borrow to see what lenders you have available
  • Check their approval rate based on your profile (bad credit, low income, unemployed, etc)
  • Check their available loan terms to see if they meet your needs
  • Compare the APRs and finance charges to pick the best deals
  • Check if they will report to credit bureaus in case you want to take out a payday loan to improve your credit score

If you follow these tips, then you can rest assured that you will select the best option for you from our ranking of the top 10 online payday loans. Just make sure to apply now so you can increase your chances of getting approved instantly and receiving the loan money today.

How to Use a Payday Loan Responsibly

Payday loans are incredibly useful when you cannot qualify for a regular personal loan, because you can easily get the money you need by just meeting minimal eligibility requirements. However, you still need to learn how to use them responsibly, and here’s how.

Do You Need the Money?

You should start by answering this question honestly, because if you don’t really need the money - because it’s not an emergency but rather an impulsive buy - then chances are you shouldn’t take out a payday loan. Because even if you repay it earlier, you won’t reduce the interest and fees you’ll have to pay in the majority of cases.

Can You Repay It On Time?

You should make an analysis of your finances to make sure that you will be able to repay the payday loan on time. Because otherwise the finance charges and penalty fees will only get bigger, and this will hurt your finances and credit score.

Plan Ahead for the Due Date

You need to start planning for the due date from the day you take out the payday loan. Be it setting apart a bit of money every day or a specific percentage every week, do what’s necessary to pay your loan on time.

Consider an Extension Only If Necessary

If the due date is near and you have realized that you won’t be able to repay it on time, then you should contact the payday lender as soon as possible to request an extension or a payment plan. Even though they’re not obligated by law to provide you an extension or payment plan, the majority of them will bring you a solution.


If you want to explore even more details about online payday loans, then here you have the answers to the most frequently asked questions about them.

Are online payday loans legal?

Yes, they are legal in 37 US states, from which the following states have the highest demand for online payday loans: Ohio, Mississippi, Texas, Tennessee, Alabama, California and Florida. On the other hand, 13 US states consider payday loans illegal, such as New York, North Carolina, Pennsylvania, South Dakota, West Virginia and Massachusetts.

Can you get approved instantly for an online payday loan?

Yes, our ranked top online payday loan lenders will approve your application instantly if you meet their eligibility requirements. After that, you will be able to choose the offer that better meets your needs, and the lender will proceed to disburse the loan the same day.

How much can you borrow with an online payday loan?

Our top 10 online payday loans can allow you to borrow up to $50,000 - but the real maximum amount you can borrow will be determined by the local payday loan regulations in your state. For example, you can borrow up to $50,000 in Oregon, whereas California limits the maximum payday loan amount at $300.

Do I need collateral to qualify for a payday loan?

No, our recommended top 10 online payday loans are unsecured, which means that you won’t need collateral in order to get approved. All you need to prove is that your income source is verifiable and reliable, so you can bring the lender the guarantee that you will repay the payday loan on time.

Can you get approved for a payday loan with no credit check?

Yes, our top online payday loan providers will not perform a hard credit check when evaluating your application. Therefore, you can apply without hurting your credit score, and your chances of getting approved will be high even if you have bad credit.

Can I repay my payday loan earlier?

Yes, our recommended top online payday loans providers will allow you to repay the loan earlier without charging you extra fees. This way you can manage your debt with more responsibility and control, and this will also allow you to apply for a new payday loan in case you need it.

Can I get approved for an online payday loan if I’m unemployed?

Yes, our recommended top online payday loan lenders can approve your application even if you’re unemployed. As long as you have an alternative source of income, which includes unemployment benefits, our ranked lenders will gladly approve your application and bring you the money you need fast.