Need a Helping Hand?
Сompare offers online.
Prequalify now.
Find loan stores nearby.
Need a Helping Hand?
Сompare offers online.
Prequalify now.
Find loan stores nearby.
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Payday Loans |
Personal Loans |
Definition |
Small short-term cash advance granted for urgent expenses and paid back with the next paycheck. |
Consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay. |
Amounts |
$50 - $1000 |
$1000 - $35000 |
Cost |
About 400% APR on average. |
Interest rates cap out at around 36% |
Terms |
10 – 30 days |
3 months – 6 years |
Repayment process |
In a lump sum. |
In fixed installments. |
Minimal requirements |
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Turnaround time |
A couple of hours - 1 business day. |
1 -2 business days. |
Lenders |
Online lenders, in-store short-term lending companies, check cashing services, online payday loans |
Banks, credit unions, online lenders and peer-to-peer lenders, online personal loans for bad credit |
Pros |
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Cons |
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Appliances
Furniture
Debt Consolidation
Holiday
Auto Repair
Travel