$150 Dollar Loan

Get Your $150 Loan Fast: How LendUp Connects You to Lenders

Feature	Details
Loan amount	$100 – $300 (includes $150 option)
Network size	100+ licensed lenders
Typical APR*	49% – 400% (state-dependent)
Funding speed	Same business day or next day†
Repayment term	7 – 60 days (payday) or 3 – 12 months (installment)

When you need exactly $150, LendUp makes finding a lender straightforward. You'll fill out one secure form, and the platform checks your information against its network of licensed lenders across the country. Most people find out if they're matched within two minutes.

Timing matters if you need money fast. Submit your request before your lender's cut-off time—often between 10:30 a.m. and noon—and you might get funds in your checking account that same day through ACH transfer. Miss that window and you're looking at next-business-day delivery. Everything happens online, so there's no need to visit a storefront or deal with paperwork.

LendUp doesn't actually lend money. Instead, it connects you with state-licensed lenders who handle small-dollar loans, which saves you from wasting time with companies that won't consider requests under $200.

*APR includes any finance charge or origination fee required by law.
†Availability depends on bank processing times and state regulations.

Who Qualifies for a $150 Personal Loan?

What Lenders Look For

Getting a $150 loan through LendUp is pretty simple, but lenders still need to confirm you can pay it back. Here's what most will ask for:

• You're at least 18 and either a U.S. citizen or permanent resident
• You have regular income—usually around $800 to $1,200 monthly from work, Social Security, or benefits
• An active checking account that's been open at least 30 days for deposits and withdrawals
• A valid phone number and email so they can verify your identity

Your Credit Score Matters Less Than You Think

Most lenders LendUp works with only do a soft credit check. That means scores around 560 or lower might still work, and some don't even require a score. They're more interested in your current money situation—your job stability, recent bank activity, and whether you can handle the payments based on CFPB ability-to-repay rules.

Compare $150 Loan Costs: APR, Fees, and Total Repayment

What you'll actually pay back on a $150 loan varies quite a bit. It depends on the lender type, your state's laws, and what fees get tacked on. Personal installment lenders following state caps or the federal credit union ceiling of 18% will cost you way less than payday lenders in states without rate limits, where APRs can hit 391% or higher.

Common Fees to Watch For

• Origination fees range from nothing to about $30, usually around 5% to 10% of your loan
• Late fees between $15 and $30 kick in after a grace period of at least 10 days
• NSF charges up to $35 when your automatic payment bounces

What Different Loans Actually Cost

Loan Type & Term	APR	Total Payback	Bi-weekly Payment
Credit union personal (6 months)	18%	$157	$13
Online installment (3 months)	99%	$174	$29
Payday (14 days)	391%	$165	Single lump sum

Stretching out your term makes payments easier but increases what you'll pay overall. Your best bet is grabbing the lowest APR you can get approved for.

$150 Payday Loans vs. Personal Installment Loans: Know the Difference

When you're looking for $150 quickly, LendUp's network typically shows you two options: payday loans and personal installment loans. They work differently and cost different amounts.

How They Compare

Feature	Payday Loan	Installment Loan
Repayment term	Next pay date (7–31 days)	3–12 months
Typical fee / APR	$15–$30 per $100 (390%+ APR)	25%–99% APR; origination fee up to 5%
Credit check	Soft or none	Soft or hard
State caps	Often limited to $500	May reach $5,000, varies

Choosing What Fits

Go with a payday loan only if you're certain you can pay back the entire $150 plus fees by your next payday without missing other bills. Installment loans spread payments out over months—sometimes under $30 monthly on a six-month plan. That gives you more flexibility, and some lenders report to Equifax, Experian, and TransUnion, which can help your credit.

Same-Day $150 Loans: What You Need to Apply Right Now

Documents for Fast Approval

Getting approved quickly starts with having your paperwork ready. You'll need a government-issued ID like a driver's license, state ID, military ID, or passport. This confirms your identity and that you're at least 18. Lenders also want proof of income—recent pay stubs work great, or you can use benefits award letters, bank statements with direct deposits, or your last two years of 1099s if you work for yourself.

• Photo ID (driver's license, state ID, or passport)
• Social Security number or ITIN
• Proof of income (pay stubs, benefits letter, or 1099/Tax Form)
• Current mailing address (utility bill or lease)
• Active U.S. checking account and routing number
• Valid phone number and email address

Banking Details and Contact Info

Have your active checking account information handy, including your nine-digit routing number and account number. Some lenders accept prepaid debit cards that handle ACH transfers. For same-day funding, you typically need to submit your signed loan agreement before 11 a.m. Pacific Time. Lenders will ask for current contact details to verify your identity and send electronic disclosures. Getting everything organized beforehand can cut approval time down significantly and help you access funds the same business day.

Your $150 Loan Repayment Options and Schedule

Payment Frequency

Most lenders will work with your pay schedule. You might pay weekly (around four payments of $38 plus interest over 30 days) or bi-weekly (two payments of roughly $75 plus interest that line up with your paychecks). Some loans require a single payment of the full $150 plus finance charges, which is common for payday loans in states that limit terms to somewhere between 7 and 31 days.

Automatic Payments

Expect your lender to set up automatic withdrawals from your bank account on each due date. This helps you avoid missing payments and can actually help your credit if the lender reports your on-time payments to Equifax, Experian, or TransUnion.

Adjusting Your Schedule

Need to change your payment date? Contact your lender at least 24 hours ahead. Some states let you extend once for about 14 days, though you'll probably pay a deferral fee between $10 and $15 plus extra interest. Late fees usually max out at $15 or 5% of what you owe.

Bad Credit? Here's How to Get a $150 Loan Anyway

Don't let an imperfect credit score stop you. LendUp's partner lenders often skip the traditional FICO-only approach and consider other factors when reviewing your $150 loan request.

What Lenders Check Instead

Most lenders want to see steady income between $800 and $1,000 monthly. You'll need at least three months of consistent employment or government benefits. Your checking account should be active for 30 days with minimal overdrafts, and your debt compared to income needs to stay under 50%. A valid ID and proof of where you live round out the basics.

Know What to Expect

Bad credit usually means higher rates and faster repayment windows. APRs can range from 36% to 400% based on where you live—California caps rates at 36% for loans under $300. You might need to upload recent pay stubs or bank statements right away and agree to automatic withdrawals. The upside? Paying on time helps rebuild your credit since many lenders report your payment history to the bureaus.

Smart Alternatives to $150 Loans You Should Consider First

Before you commit to a loan, it's worth checking out some options that won't cost you much or anything at all.

Paycheck Access Programs

Your employer might let you tap into wages you've already earned. Many companies offer this for just a few bucks or even free, and the money hits your account fast.

Work Out a Payment Plan

Call your utility company, hospital, or landlord before your bill is due. They'll often split that $150 into smaller chunks with no interest attached.

Community Help

Dial 211 or search United Way's directory. Churches and nonprofits sometimes offer one-time grants for rent, food, or overdue bills.

Borrow from People You Know

Friends or family can be your best bet for interest-free help. Write down the terms and set up automatic transfers through Zelle to keep things smooth.

Sell Something

Got an old phone or gaming console collecting dust? Facebook Marketplace can turn that into $150 without creating debt.

These routes keep your credit safe and help you dodge interest charges.

State Laws That Affect Your $150 Loan Terms

Your state determines what you'll pay for a $150 loan. Local regulations control interest rates, fees, loan duration, and whether these loans are even available to you.

What Your State Charges

Twenty-one states cap rates at 36%, including Colorado, Illinois, and Montana. Texas and Nevada let lenders charge over 400% APR. Florida adds a $5 database fee on top of interest charges.

How Long You Have to Repay

Oregon gives you at least 31 days. California limits payday loans to 31 days maximum. Some states make you wait between loans.

State	Payday Status	Max APR	Allowed Term
Georgia	Prohibited	—	—
Illinois	Allowed	36% (PLPA)	Up to 12 months
Texas	Allowed	≈400%*	7 – 180 days

Arizona, Arkansas, Georgia, New Jersey, and North Carolina don't allow payday loans.
*Texas doesn't cap APR statewide, but your city might have its own rules.

Avoid These $150 Loan Scams and Predatory Lenders

Not every lender wants to help you. Some scammers go after people who need cash fast, while shady operators lock borrowers into debt traps with outrageous costs that break state laws.

Watch Out for These Warning Signs

You should never pay upfront fees before getting approved or funded. Be wary if someone promises "guaranteed" approval without checking your credit, income, or ID. High-pressure tactics—like demanding you decide in minutes or repay through gift cards, wire transfers, or cryptocurrency—are major red flags.

Legitimate lenders have a real address and an NMLS ID you can verify. If the phone just rings to voicemail or the quoted APR exceeds your state's legal cap, something's wrong.

Check Before You Sign

Look up the lender's license through your state regulator or the NMLS database. Search for complaints on FTC.gov and the Better Business Bureau. Federal law requires lenders to show you the full APR, finance charge, and payment schedule before you borrow.

Trust your gut. If anything seems off, walk away and report them to your state attorney general or the CFPB.

Build Your Credit Score with a $150 Loan

You might think $150 is too small to impact your credit, but here's the thing—it can actually help. When you borrow and pay back on time, you're proving to lenders that you handle debt responsibly. That matters because payment history accounts for roughly 35% of your FICO score.

Make Sure Your Payments Count

Here's the catch: not every lender reports to credit bureaus. Before you sign anything, ask whether they submit your payment data to Equifax, Experian, or TransUnion. Community banks and licensed online installment lenders usually do. Most storefront payday lenders don't, which means your on-time payments won't show up anywhere.

Protect Your Score

Set up autopay to avoid missing a due date. A payment that's 30 days late can drop your score by 60 to 110 points. If you can swing it, pay off early—most $150 loans don't charge prepayment penalties, so you'll save on interest while still getting the credit boost.

Frequently Asked Questions About $150 Loans

How fast can I get approved?

You'll typically see a decision on your screen in less than two minutes with most lenders in our network. If you sign before your bank's 3 p.m. ACH cutoff time (based on your local time zone), the money can hit your account that same business day. Miss that window and you're looking at next-day funding.

Will lenders check my credit?

Pre-qualification uses a soft pull that won't ding your credit score. The hard inquiry only happens after you say yes to an offer. Here's the good news: plenty of lenders care more about your current income than your FICO number.

Can I pay off my loan early?

Most installment lenders can't charge prepayment penalties on loans under $5,000 in most states. Payday loans work differently—they come with a flat fee, so paying early won't save you much. Always review the TILA disclosure box before signing.

What if I can't repay on time?

Call your lender right away if you're headed for trouble. Depending on your state, you might qualify for one fee-free Extended Payment Plan or a deferral. Without that, expect late fees between $10 and $30, plus potential collections activity.