How to Get a $500 Loan Fast Same Day

A 500 Dollar Loan can help borrowers with bad credit history to obtain urgent financing to cover costs, but they often have to face high interest rates.

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500 dollar loans

$ 500 Loan Basic Information

Every person from time to time is faced with emergency expenses that cannot wait until the paycheck. However, there is a solution - $ 500 Loan!

A 500 Dollar Loan is a simple unsecured loan that should be requested if you are in an emergency and need payday financing. This loan is short term, so you must repay it within 30 days. Also, you do not need to provide your property as collateral.

Despite the fact that 500 Dollars Loans are available for any type of credit, you should be careful. As a rule, payday lenders have very high interest rates and commissions.

How much does a $ 500 Loan cost?

Payday Loans are fee-based. Typically, the fee ranges from $ 15 to $ 30 for every $ 100. The total loan amount will be between $ 575 and $ 650.

How can I get $ 500?

  • If you have problems and need emergency funding, there are several options to consider before applying for funding. The easiest one is to borrow money from family and friends. Since $ 500 is a small amount, it is likely that someone close to you will be able to provide it to you before your paycheck. This way you can avoid interest on the loan.
  • Another good option is a sale. Surely you have a large number of things at home that you no longer use, such as an old laptop, camera or other equipment, clothes and much more. You can also sell these things online and get extra cash.
  • If you are good at something, become a tutor. Depending on your occupation, you can teach people and receive additional funding. There are also a huge number of vacancies on the Internet now, so you can find the one that suits you the most.

How does a 500 Dollar Payday Loan work?

Short term loans are easy enough to get if you meet the basic requirements of the lender. Moreover, now payday lenders are offering online lending! Of course, you can always visit the lender's office and apply in person, but if you need money as quickly as possible, the online form is a great option for you.

Lenders have simplified the application process as much as possible and now you can get almost instant approval. Follow a few simple steps:

  1. Compare options. Before applying for a $ 500 Loan, study the offers of different lenders. By comparing their fees, commissions, credit conditions, etc., you will be able to choose the most advantageous offer.
  2. Review the eligibility criteria. Since every lender has different requirements that must be met in order for an application to be approved, it is important to make sure you meet them before submitting your application.
  3. Complete the form. Visit the site of the selected lender and fill out a simple online application. You will be asked to provide basic information about yourself, such as name, residential address, income information, and more. Make sure that all data is entered correctly and send an application.
  4. Wait for approval. You are guaranteed to receive a response to your application the same day you submitted it, as payday lenders approve most applications within 5 minutes. Then the lender will contact you and you will be able to discuss the terms of lending and ask all your questions.
  5. Get paid. Before signing a loan agreement, read it carefully and pay special attention to hidden fees and charges. If the offer suits you, sign the contract. The money will be transferred to your bank account within one business day.

What can I spend my $ 500 Loan on?

Even though the 500 Dollar Loan is a type of emergency financing, you can spend the money for any need. However, if your car breaks down or you need to pay for expensive medical treatment, then the $ 500 Loan is a great option for you.

What are the requirements for obtaining a $ 500 Loan?

It is important to meet certain criteria in order for the application to be approved. Of course, they can vary from lender to lender, but the main ones remain the same.

  • You must be a US citizen or official resident who is at least 18 years of age or older
  • Regular monthly income is the main factor influencing approval
  • You must also provide an active bank account and government issued ID
  • Lenders will also ask for your contact information, such as telephone and email, to be contacted.

Important! Please note that eligibility criteria may also vary by state law. Moreover, make sure that Payday Loans are available where you live.

What are the advantages and disadvantages of $ 500 Loans?

Each Loan has its pros and cons, which should be considered before applying. Study the main points and make sure that the given loan solution suits your wishes and needs.


  • Online application. You no longer need to look for a lender near me in order to get financing, as you can fill out an application from your own sofa.
  • Simple application. Since lenders understand that many borrowers are in difficult situations, they have made the application process as easy as possible. You can fill it up in a few minutes!
  • Fast approval. You are guaranteed to receive a response to your application on the same day you submitted it.
  • Convenient payments. The money is transferred to your bank account within one business day.
  • Great chance to get approval. Over 80% of loans are Approved!
  • Bad credit. You can also get money with any type of credit.


  • Short repayment terms. You must repay the debt within 30 days.
  • High interest rates. Borrowing is expensive, so you will have to face large overpayments.



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