Are you living in Alabama and need money for the unexpected bills? Get payday loans in Alabama and cover your needs right away. We have a simple application process.
Fill in the form. It takes less than a minute.
Get approvedâ€”high rate of approvals.
Get your money in 24 hours or less.
What are payday loans?
Payday loans online in Alabama are short-term loans regulated by the Laws Ala. Code Â§Â§ 5-18A-1 et seq. You can pay back these loans on their next paycheck. Lenders will just withdraw the money from their bank accounts. Short-term loans (up to $500) are not as flexible as installment loans in Alabama that can reach $5,000.
Why might I need online payday loans in Alabama?
Sometimes, you may need extra money for unplanned situations. But the next payday isnâ€™t yet to come. That is why a quick financial solution would be suitable for saving your budget. Here are several cases when you might need one of our payday loans mobile AL:
Unexpected house bills. You never know how much money you may need for paying a bill that you forget past month. But a quick loan can solve this problem in no time.
Family emergency. A little surprise for an unexpected party, or maybe a birthday of a new family member. Get ready for it with a short-term loan and cover all the expenses.Â
House repairs. If the refrigerator dies and ar conditioning just stopped, an extra $200 – $500 may save from heat suffering in the middle of summer.
Car repairs. Itâ€™s an ongoing problem with old cars. Make sure you have a tiny budget for car services before your next paycheck.
How do payday loans work in Alabama?
In Alabama, payday loans work the same as in other states. Loan companies in Phenix City, Alabama (and other cities in this state)make efforts to give you funds with full responsibility and time-saving. The process of getting a cash advance in this state is simple:
You access the site of a service provider.
Fill in the application form with valid information about yourself and submit it.
Wait about 5 – 10 minutes for a loan decision from a direct lender.
If approved, both of you sign the contract online.
You receive your loans in Phenix City, Alabama, on the next business day in your bank account.
The whole process is 100% safe for consumers from Alabama. There is no faxing and unnecessary paperwork. Simple as it is!
What do I need to start my loan application in Alabama?
First, you must be at least 18 years and be a US citizen to get Alabama title and payday loans. These are the requirements of lenders in all states. Besides, they might require you the following details:
Open and active checking account information
Proof of income
Working telephone number
Can I get online payday loans in Alabama with bad credit?
Yes, you can get a loan in Alabama with bad credit. Loan companies in Alabama provide a soft credit check for all clients who need extra cash as soon as possible. Lending services perform these checks through alternative checking companies, not through those three traditional credit bureaus. So, donâ€™t worry. These reports wonâ€™t affect your credit history at all.
How can I borrow payday loans in Alabama?
You may go in-store and get the funds to cover your needs, or you can access our website. All the borrowers are welcome to fill in the application form and submit it. Within 5 – 10 minutes, lenders will give an instant decision about their loan.If your loan was approved, you could pick up the money in-store or have it deposited into your bank account the next business day. On your next payday, the lender will withdraw the money from your bank account. You donâ€™t have to stay in lines to repay the cash advance. Everything is online and 100% safe.
Why choose X company in Alabama?
Fast Decision Provided. Receive an immediate answer on your loan application, whether you choose to apply online or at one of the payday loan stores.Clear Terms & Conditions. As a borrower, youâ€™ll receive a list of clear terms and conditions. When you apply for a cash advance in Alabama, you’ll know what you’re getting.Safety. We value your privacy and make efforts to provide you no tricky application process. There are no third parties involved in the process of getting short-term cash advances.Â
To understand better the costs of a payday loan in Alabama, see the representative example below:If you borrow $250.00 for 10 days, the fee rate will be 17,50%, and the fee amount would reach $43,75, and the total of payments would be $293,75. The APR won’t exceed 638.75%.
Alabama Disclosure for Consumers
This business is licensed and regulated by payday loan Alabama laws, and CCO Alabama, Inc. is a licensed Deferred Presentment provider in Alabama. To report any unresolved problems with CCO Alabama, Inc., contact the State Banking Department, Bureau of Loans.Address: P.O. Box 4600, Montgomery, Alabama 36103-4600Telephone: (334) 242-3452.Website: www.banking.alabama.gov.
Alabama Rates and Terms
Payday loans Birmingham AL ($100-$500) and other cities from the state are legal. For these loans, lenders may charge a 456% APR according to Ala. Code Â§Â§ 5-18A-1 et seq. (2003). The repayment terms are 10-31 days to repay the money. There is an additional fee of 17,5% of every $100 borrowed. In case you have issues with the repayment, you can request a rollover or extension. Borrowers may receive the loan in 1 business day.If you need more money, apply for an installment loan ($1,000 – $5,000), which has extended terms (90 days – 36 months). Also, personal loans are available in Alabama. You can borrow from $1,000 up to $35,000 with extended terms (90 days – 60 months).
How many payday loans can you have in Alabama?
In AL, you can have a maximum of one payday loan. It is due to avoid borrowersâ€™ roll-overs and debts.
What is the easiest payday loan to get online?
The easiest payday loan to get online is to apply on the website of service providers to connect with many lenders. You fill in a single request form, and they send it to a network of loan companies. Easy as it is!
How much money can I borrow in Alabama?
In Alabama, you can borrow payday loans from $100 up to $1,000. If you need more money, consider other options of funding that your lender can provide.
What is the term of payday loans in Alabama?
Payday loans in Alabama must fall between 10 and 31 days in duration. Installment loans range from 4-6 months in term.
What is the most reliable payday loan in Alabama?
The most reliable payday loan in Alabama has the lowest interest rates and without any hidden fees. Most lenders in AL provide you this kind of cash advances. Just read the contract attentively and find out about any extra fees.
Can I renew my Alabama payday loan?
An Alabama payday loan is due in full on the date set by the contract. You may obtain another loan once the current loan is paid in full.
What are my options for loans in Alabama?
If you need to cover more expensive bills or other expenses, then consider installment loans (from $1,000 up to $5,000) and personal loans (from $5,000 up to $35,000) in Alabama. The regulations allow you to take these cash advances on a minimum term of 90 days and maximum terms from 36 months up to 60 months.