Instant Payday Loans Online Guaranteed Approval | Borrow $100 – $5000



Instant Payday Loans Online With Guaranteed Approval – 5 Best Providers in 2021

Payday loans refer to small, short-term loans provided by financial firms which are to be paid back when the borrower receives their next paycheck. Payday loans are a relatively new financial product that provide many individuals relief from complex financial situations. However, there are a lot of misconceptions regarding this financial product with many consumers having questions about how to apply and how to repay the loan. The following guide on guaranteed payday loans aims to address these doubts.

#1 Payday Loan with Guaranteed Approval – Viva Payday Loans

How Can I Get an Instant Payday Loan Online with Guaranteed Approval?

Most payday lenders offer an easy-to-understand online platform from where their financial products can be easily accessed. While the exact method may differ a bit from lender to lender, the basic steps remain more or less the same. Let us take the example of applying with Viva Payday Loans, which is a lending broker. The broker provides a completely transparent system that can provide loans to applicants within 15 minutes.

Guaranteed instant payday loans online can be applied by following four easy steps as mentioned in this brief guide below.

What Are Instant Payday Loans?

Instant payday loans are short-term financial credit products that allow financially struggling individuals to cover their immediate cash needs until they receive their next paycheck. Compared to traditional loans, these loan products typically come with high, double-digit APRs (annual percentage rate) with terms ranging from three and six months.

Compared to other personal and consumer loans, payday loans work a bit differently. An individual may have access to instant payday loans via a physical broker or an online broker, depending on where they live.  In the United States, there are a number of payday loan brokers and lenders that provide online payday loans. However, payday loans may be subject to different state and federal laws which limit how much interest the lender can charge you, or the amount you can borrow.

Once approved, you will receive the loan in cash or check or the money is sent directly to your specified bank account. The loan is to be repaid within the pre-agreed loan period along with the finance charge, which can typically be up to 6 months. The finance charge is based on the loan amount and the lenders. Payday lenders have steep APRs to offset the risk they are taking to provide the loan to the individual.

Most individuals who seek payday loans guaranteed approval have limited options when it comes to accessing lines of credit. They usually have poor income, poor credit scores, and histories that disqualify them from traditional loan products from banks. They may not be comfortable asking their relatives for financial help and resort to these reliable, confidential, and instant lenders that provide short-term financial relief. Many people also choose payday loans because they are easy to get and involve little to no paperwork.

Guaranteed payday loans from direct lenders usually have fewer requirements when it comes to credit scores and histories, which allow them to be approved quickly. Most lenders do not run a credit check and simply require valid identification documents and the presence of a bank account. Brokers that work with a lot of lenders increase the chances of an individual getting payday loans. Choosing a lending broker gives the borrower a lot of access to different loan products from lenders offering preferable rates. It also saves the individual the hassle of applying for payday loans with individual lenders which saves a lot of time and energy.

5 Best Instant Payday Loan Providers Reviewed

Recognizing the demand for such loan products, online lenders and brokers for payday loans have increased in the past 5 years, with a number of reliable names coming forward. Here are some of the top brokers that can provide guaranteed payday loans no matter what.

1. Viva Payday Loans – Overall best payday loan provider

Vivapaydayloans.com is a reliable online payday loan provider under Payday Ventures Ltd. It is not a lender itself but works with a network of lenders using a matching service. It does not take any credit or loan decisions itself and offers a straightforward application process. You can get loans ranging from $100 to $5000 in several denominations as per your choice. The typical repayment term can range from 90 days to 6 months depending on your preferred terms. APRs for the loans can range from 5.99% to 35.99%.

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2. Credit Clock – Best for quick funding 24/7

Creditclock.net is another payday broker that uses a unique algorithm to match the borrower’s requirements to their panel of lenders. They make this match based on the applicant’s details, and preferences. The broker does not charge a fee for this.

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3. Money Lender Squad – Best for a wide range of lending options

Moneylendersquad.com is a payday loan broker which provides lines of credit in a matter of minutes. The website is a pretty simple one, with easily navigable options to input your preferred loan terms. The maximum term of loans provided is 6 months. It works with a large number of lenders under its network which may conduct individual background checks on borrowers.

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4. Very Merry Loans – Best for guaranteed decision within 2 minutes

Very Merry Loans is a USA non-charging broker that connects borrowers to potential lenders while charging no extra fee. They make their money by receiving a commission from the lender every time a successful connection is made. Offering loans from $100 – $2000, the top rated broker provides funding for a wide range of needs. Very Merry Loans work with over 30 lenders and loan providers, increasing your likelyhood of acceptance.

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5. Heart Paydays – Best for wide range of installment loan options

Heartpaydays.com is a bad credit loan provider specifically for less creditworthy individuals who have been turned down elsewhere for loans. They typically offer lenders with APRs ranging from less than 4% to more than 35%. The success rate of this depends on the quality of lenders that are matched with the borrower.

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Features of an Instant Payday Loan with Guaranteed Approval

While the exact legal definition is not clear, instant payday loans are short-term, high-cost loan products that range from a few hundred to about $5000. Payday loans are subject to several state and federal laws which may limit the amount one can access. While many of the features of guaranteed approval payday loans are similar to traditional loans, they differ in some key aspects as highlighted in brief below.

Smaller amounts

Payday loans are granted in much smaller amounts compared to other forms of loans such as mortgages and installment loans. For instance, Viva Payday loans provide loans of up to $5000.

Loan structure

Payday loans are typically repaid in a single or multiple payment structure depending on the terms of the lender in question. The due date for every month’s payment is also set according to the terms and conditions presented to the borrower before the loan is taken out. Some lenders allow repayments to be made before the schedule, letting them save a substantial amount on interest payments.

Repayment is usually made when the borrower allows the lender the authority to electronically debit the funds from the borrower’s bank account or another source. They can also choose to repay the loans by themselves according to the repayment terms.

Credit requirements

These lenders do not take an individual’s repayment ability into question while granting the loans as these products are specially aimed at individuals struggling with low credit scores and bad credit histories.  It is thus up to the borrower to ascertain whether you can repay the loan amount on time.

Higher interest rates

These payday loan lenders usually provide loans that charge higher interest rates than normal. This is to offset the risk these lenders are taking while providing lines of credit to financially struggling individuals.

States Available for Instant Payday Loans with Guaranteed Approval

Not all U.S. states allow payday lending as the state law does not provide sufficient leeway. There are many states that simply do not allow payday lenders to function as they charge higher interest rates than the ones permitted by state regulations.

16 states prohibit extremely high-cost pay lending:

Advantages and Disadvantages of Guaranteed Payday Loans Online

Payday loans provide many people with the financial support they need when they encounter hard times. Sometimes these individuals are disqualified from accessing regular loans from banks and financial institutions due to some technical factors such as a dip in their credit score or bad credit history. Guaranteed payday loans for the same day help such individuals free themselves from financial burden. While there are critics of this form of lending, payday loans also provide some pronounced advantages which we will discuss in brief below.

Quickest access to credit

Easy accessibility is the most attractive feature of payday loans. Borrowers do not need to wait for long periods to access the loans and they do not involve complicated paperwork. In fact, borrowers receive the loan amount within the same day of applying in most cases. Payday lenders take instantaneous decisions after the borrowers submit their online applications. As its online, most of these services are available on a 24/7 basis. While traditional loans require you to submit multiple documents for identity verification, the entire process gets streamlined and condensed into two or three steps by using payday loan lenders.

No risk of seizure

Payday lenders provide fast cash in fewer amounts which provides instant financial relief. These loans are unsecured in nature and are not associated with any of the borrower’s assets such as a home or car. This gives a degree of peace of mind to the borrower knowing that his/her assets cannot be repossessed if any delays are made in payments. In case of any default, lenders will not be able to repossess your house as in the case of some mortgage loans.

Less rigid requirements

Traditional loans from banks and other financial institutions require the borrowers to submit documents such as social security numbers, photo IDs, proof of income, and credit score details. Additionally, borrowers must provide proof about their ability to repay the loan before they can receive the amount. Payday loans, on the other hand, require minimal paperwork. Many brokers just require a bank account, proof of citizenship and a valid email address.

Credit checks

Traditional financial institutions such as banks reject a lot of applications from people simply based on their poor credit history. Payday loans are the only way out for such individuals, protecting them from credit inquiry. While some lenders may access your credit details and history, the requirements for granting the loans are low.

However, like every form of loan, payday loans do come with their own set of disadvantages as well.

Debt cycle

If one doesn’t plan one’s repayment schedules properly, the borrower can end up getting trapped in a debt cycle where you have to take new loans to repay existing ones. This is quite the possibility in the case of payday loans as the interest rates and APR figures are quite high. Some lenders also charge additional fees to provide the service can also put a strain on one’s repayment ability.

Legal hassles

Payday loan borrowers have at times been embroiled in legal battles which can be a drain on one’s finances, time, energy and reputation. Not only does it have a negative effect on your credit score, but it also can drag the borrower to court for lengthy legal battles. In extreme cases, this can also lead to heavy fines and imprisonment.

Eligibility Criteria

The eligibility criteria for payday lending brokers such as Viva Payday Loans are less rigid to allow financially struggling individuals to receive money quickly. Almost all FICO scores are eligible for a payday loan. The three main criteria for getting a payday loan are as follows.

Application Process

The application process at Viva Payday Loans is simple and straightforward. The website is very professionally designed and easy to navigate, providing all the details of the different loan amounts available. The online form is simple and can be filled in within a matter of minutes.

The broker requires some additional information to evaluate whether the applicant is qualified to receive a payday loan. The information the applicants sent will remain confidential and will only be shared with respective lenders. Once done, submitting the form will begin the process of loan approval.

Viva Payday Loans is a broker that is known for providing a decision within 2 minutes. This is handy for applicants who want instant financial relief. Regardless of credit history, almost all applicants are matched with a third-party lender. When connected with the lender, the borrower receives the fund within the next business day along with detailed instructions to access it.

Is a payday loan right for you?

Payday loans are only meant for individuals who have bills to pay but are struggling to accumulate funds on time due to a variety of reasons. These individuals may be barred from accessing traditional loans from banks due to their poor credit score or history. In such desperate times, payday lenders can provide financial relief by applying for small, short-term loans with flexible repayment terms.

Can payday loans damage your credit?

Payday loans do not have any effect on your credit if you pay them back on time. However, in certain cases, the lender may use the help of a collection agency to recover the loan. These agencies can collect the owed amount through various methods. They can even take the borrower to court which will be a blemish on anyone’s credit report and can damage future credit-taking capabilities.

How much can I borrow as a payday loan?

At Viva Payday Loans, applicants can choose loans amounts starting from $100 all the way to $5000. Typical loan terms last between 3 to 6 months. Some states may restrict the maximum amount that can be taken out as a payday loan.

What are the costs associated with payday loans?

The primary cost of taking the loan is the APR or annual percentage rate which takes into account the interest rate as well as any related fees that might be associated. This includes the loan origination fee and any fees for application. At Viva Payday Loans, you can get payday loans with APRs ranging from 5.99% – 35.99%.

Payday loans are usually high-interest products that can easily be a strain on one’s finance if one doesn’t budget properly. However, when used correctly it can provide financial relief at times when no other option is available.

About Jayme Wium PRO INVESTOR

Jayme is a professional freelance writer specializing in personal finance, business, nutrition, botany and mental health. She has studied extensively in these fields and spends a considerable amount of her time creating content to help simplify complex concepts for the everyday person.

Argentina’s Energy Secretary in 2002, and subsequently its World Bank representative.

Author who enjoys writing about social media, other marketing strategies, and getting an education.

Senior fellow at the Peterson Institute for International Economics. Adjunct professor at Georgetown University.

Andrea Edwards has worked in marketing and communications all over the globe for 20 years, and is now focused on her passion – writing. A gifted communicator, strategist, writer and avid blogger, Andrea is Managing Director of SAJE, a digital communications agency, and The Writers Shop – a regional collaboration between the best business writers in Asia Pacific

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