Get the emergency cash loan you need sooner when you request payday loans in Alabama. Alabama payday loans offer customers a quick online loan product when they need fast financial solutions.
Payday loans are short-term loans that are paid off quickly in one lump sum on your next pay date. They can be the perfect short-term financial solution when you need money now.
We are not a direct lender, but we have an even better solution for you. We have 100 reliable, direct lenders who provide loan offers with high approval rates. All our lending partners are state licensed and abide by the state lending laws while offering cash advance loans. Our partner network is broad, and the services we offer across the US are of the highest quality. By having a large network, we increase the odds of approval of your loan request.
LoansinaDay loves to make your life easier. That's why we use and create the best financial technology around to best serve the financial needs of our Alabama customers.
All our fast payday loan products come with a fast and easy payday loan online application process. We want all our fast financial solutions to be easy and fast.
Payday lending is legal in the state of Alabama; lenders may provide a loan as high as $500 per Ala. Code A§A§ 5-18A-1 et seq. Payday loans in Alabama are granted for a period of 10 to 31 days only. The maximum fee for cash advances in Alabama is $17.50, or each $100 a person borrows. One rollover on a single loan is permitted.
Regulations apply to both online and storefront loan providers. To operate in the state, lenders must comply with the following regulations:
Payday loans are legal in the state of Alabama.
Alabama imposes a $500 limit on payday loans offered in the state. Payday loans can be taken for a period of 10-31 days with a maximum finance charge of 17.50% for every $100. One rollover is allowed, and there is a cooling-off period of 1 business day after a second consecutive loan should pass before a person can apply for a new loan.
Alabama state law allows payday lending in an amount not exceeding $500.
Finance charges and fees should not exceed 17.50% for every $100 of the amount advanced or $17.50 per $100 borrowed.
Example:
With a 14 days term:
Loan cost: $17.50
Payback: $117.50
ARP calculation:
$17.50 / 14 days = 1.25 * 365 days = 456.25%
If you have bad credit, don’t presume this excludes you from being accepted! You can still find an online loan in Alabama, even if you have been turned down by a bank for bad credit. A past financial mistake may have destroyed your credit scores, but we believe you should have a chance to rebuild your financial strength.
LoansinaDay accepts people with all credit histories. Get started today to get a stress-free payday loan.
You can obtain payday loans in Alabama in amounts ranging from $100 to $500.
No, there are no upfront fees for submitting a payday loan request form with LoansinaDay. The service is at no cost to you.
Yes, LoansinaDay accepts people with a range of different credit histories, including those with bad credit.
LoansinaDay is neither. We are a referral service that connects borrowers with 100+ direct lenders licensed in Alabama. Our service is at no charge to you, and you work directly with a lender if you qualify for a loan. All loan transactions are completed directly with a lender, so we have no access to your loan transaction information.
Once you click on ‘Get Started,’ the online payday form will appear. You’ll have to answer some simple questions about yourself. These may include information about your employment and your income, as well as other necessary information. After you submit your request, you will get an answer in 90 seconds or less. If approved, you will be connected directly to your lender, who will review your loan terms and conditions.
If you agree with your loan terms, you typically get your loan in your bank account in 1 business day. Ask your lender any questions and verify with them when to expect your loan in your bank account.
At LoansinaDay, we ensure fast loan request processing to help you in your your financial emergencies. Apply for our online payday loan in Alabama and get the money you need fast.