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 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.

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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:

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.
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.
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.
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.
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.

Benefits:

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.

Disadvantages:

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.

Material disclosure

APR Disclosure. Some states have laws limiting the Annual Percentage Rate (APR) that a lender can charge you. APRs for cash advance loans range from 200% and 1386%, APRs for installment loans range from 6.63% to 225%, and APRs for personal loans range from 4.99% to 450% and vary by lender. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. The APR is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. APR rates are subject to change.

Here's a quick example:

You borrow $1,000 with an APR of 3% over 3 years (assuming an annual APR calculation).
Year 1 interest: 1,000 x 0.03 = 30 and 30 + 1,000 = 1,030
Year 2 interest: 1,030 x 0.03 = 30.9 and 30.9 + 1,030 = 1061
Year 3 interest: 1,061 x 0.03 = 31.83 and 31.83 + 1,061 = 1,092.83 In total, you'll pay back $1,092.83 at the end of the finance period.

For peace of mind, and to ensure you know what you're going to pay, ask your lender exactly what fees are included in the APR figure they offer you.

Material Disclosure. The operator of this website is not a lender, loan broker or agent for any lender or loan broker. We are an advertising referral service to qualified participating lenders that may be able to provide amounts between $100 and $1,000 for cash advance loans, up to $5,000 for installment loans, and up to $35,000 for personal loans. Not all lenders can provide these amounts and there is no guarantee that you will be accepted by an independent, participating lender. This service does not constitute an offer or solicitation for loan products which are prohibited by any state law. This is not a solicitation for a particular loan and is not an offer to lend. We do not endorse or charge you for any service or product. Any compensation received is paid by participating lenders and only for advertising services provided. This service and offer are void where prohibited. We do not control and are not responsible for the actions of any lender. We do not have access to the full terms of your loan, including APR. For details, questions or concerns regarding your loan please contact your lender directly. Only your lender can provide you with information about your specific loan terms, their current rates and charges, renewal, payments and the implications for non-payment or skipped payments. The registration information submitted by you on this website will be shared with one or more participating lenders. You are under no obligation to use our service to initiate contact with a lender, register for credit or any loan product, or accept a loan from a participating lender. Cash transfer times and repayment terms vary between lenders. Repayment terms may be regulated by state and local laws. Some faxing may be required. Be sure to review our FAQs for additional information on issues such as credit and late payment implications. These disclosures are provided to you for information purposes only and should not be considered legal advice. Use of this service is subject to this site’s Terms of Use and Privacy Policy.

Exclusions. Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, New Hampshire, Vermont and West Virginia are not eligible to use this website or service. The states serviced by this website may change from time to time, without notice.

Credit Implications. The operator of this website does not make any credit decisions. Independent, participating lenders that you might be connected with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Late Payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies for further information. Nonpayment of credit could result in collection activities. Each lender has their own terms and conditions, please review their policies for further information. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender’s renewal policy.