Instant Decision Payday Loans

LendUp's five-minute loan application is safe, simple and secure. Once you apply for a loan you’ll know instantly if you are approved by one of our direct lenders. Our conditions are clearly stated on our website. There are no hidden fees.

Payday loans provided by LendUp's partners aren't instant, but they’re fast. You don't need perfect credit to apply. They make decisions immediately and usually don't require you to fax or scan more paperwork to the office. If you’re approved, your funds normally transferred within one business day -- as long as your application is submitted before before 5 p.m. PT (weekdays), see FAQ for more details.

LendUp is a different from some traditional payday loan providers because we aim to be more socially responsible than many payday loan institutions. We design services that help our customers use loans responsibly and have even helped our customers save money.

On top of that we offer free financial education to empower our customers to improve their financial health. Our goal is to offer you something better: a fast, secure and transparent loan process.

Sometimes Emergencies are Instant - Payday Loans Can Help

Life happens fast, whether it’s a medical emergency or an unexpected car repair an additional expense can spread your paycheck thin. To avoid late fees on important bills that could ding your credit you may consider getting a little help.

If you can’t turn to a bank, friends, or family for some additional credit to cover an emergency expense you may want to consider a payday loan.

Fast loan application, instant loan decision and licensed.

LendUp is safe, online 24/7, and easy to use. Our office is headquartered in San Francisco, California. In contrast, a number of payday lenders and loan brokers operate offshore or on tribal territories. This may be a red flag, when considering a payday lender. If a lender is operating offshore or on tribal land that makes it harder for regulators and states to ensure that lenders are abiding by U.S. federal consumer protection laws and state lending regulations.

LendUp is different because we're working only with direct lenders who are licensed in all states that we operate in. A payday loan may help with instant or short-term credit needs but we’re here to help your overall financial health.

At LendUp, we want our customers to improve their financial health, a main lever that helps improve our customers’ financial health is improving credit score. That’s why we provide free financial education about understanding your credit score, fixing credit reports, and saving.

Loan eligibility criteria

Eligibility for an instant decision payday loan requires:

• US citizenship

• Minimum age of 18 years

• Verifiable income over the past few months

• Permanent residential address

• Active checking account

Credit scores below 600 are typically considered bad credit, which can make securing traditional loans difficult. However, bad credit loans, such as payday loans, may still be an option for bad credit borrowers.

Online application process explained

Applying for an instant payday loan online is simple and usually takes just a few minutes. You’ll need to complete an online form where you provide the following information:

• Your name and personal information

• Home address

• Income details

• Desired loan amount

Typically, a loan request is reviewed immediately and can gain approval on the same day of submission.

Receiving funds: what to expect

Upon approval, borrowers can anticipate receiving their loan funds as soon as the same or the following business day.

While there may be some factors that could impede the release of payday loan funds after approval, such as processing time for the lender, internal procedures and policies, and verification or documentation requirements, many lenders strive to disburse funds promptly to meet borrowers’ needs.

Are instant payday loans truly instant?

Despite the appealing term ‘instant’, it’s worth noting that payday loans are not necessarily instantaneous when it comes to approval and fund disbursement. Factors such as consistency of income over the last 3 to 6 months, processing time of the lender, and the borrower’s credit score can influence the approval timeline.

However, many online payday loan providers offer a faster application process, with some claiming to provide online loans on the same day or within minutes.

The truth about loan approval times

Loan approval times can be influenced by various factors, such as the repayment terms, loan amount, and the borrower’s credit history.

Typically, payday loan approvals can be granted within minutes, with the time of day having little to no impact on the approval process. However, keep in mind that these times can vary depending on the specific lender and the borrower’s individual circumstances.

Requesting a loan in the morning hours improves your chances of getting approved and funded on the same day.