Harpsey can help you find the best payday loan in Alabama to suit your needs. It is free to apply and you could have funding the same day! Whether you are looking to borrow $100 or $35,000, simply fill out the online application and you will receive an instant decision. There are options for bad credit and no credit checks so whatever your situation, click ‘Get Started’ below to begin.
Apply For Payday Loans in Alabama Today!
Key Features of Payday Loans in Alabama
|Legal in Alabama?||Yes|
|Same Day Funding?||Yes|
|Minimum Loan Term||10 Days|
|Maximum Loan Term||31 Days|
How Much Would it Cost to Borrow $500 in Alabama?
If you were to borrow the maximum amount in Alabama ($500) and borrow it for the maximum term (31 Days) and you get the maximum APR rate (456%) the total cost to repay would be $576.85. This is $76.85 in interest and a monthly interest rate of 38%.
3 Simple Steps to Get an Alabama Payday Loan:
Where Can I Find Payday Loans in Alabama?
With a fully online process, Harpsey helps to search for the best lenders across the whole state of Alabama.
We find the best offers for cities in Alabama including the following:
Bayou La Batre
Is a Payday Loan in Alabama Right for Me?
Many people use Harpsey to find cash loans to handle unexpected bills, emergency expenses or home repairs. Once approved, you can get the funds into your bank account in just one hour. Harpsey helps you to find payday loans in Alabama with all the best features:
- Speedy online loan request form
- Instant decisions
- Same day funding
- Flexible repayment options
- Possibilities for people with poor credit
Payday loans are not right for you if you are hoping to access some extra cash for shopping, partying or frivolous spending. It is also not the best option for you if you are trying to solve a long-term financial issue. Be sure to look into the payday loan repayments and whether you will be able to afford them. If you fail to repay the loan, this may increase interest and affect your credit rating.
Can I Get a Payday Loan in Alabama With a Bad Credit Rating?
Yes, you are able to get a payday loan with poor credit history. Harpsey works with a range of lenders including those who specialize in borrowers with bad credit scores. Therefore, even if you have already been turned down by a bank, Harpsey may be able to match you with a lender with a decision on your loan in minutes.
Applying for a loan with us will have no impact on your credit score. We also have options available if you are looking for a payday loan with no credit checks.
Do You Offer Payday Loans in Alabama With No Credit Checks?
Most lenders will carry out a credit check to confirm your eligibility for a payday loan. However if you are worried about being denied a loan based on bad credit history, fear not. We work with a number of lenders in Alabama that specialise in bad credit.
Most importantly, our searches are not visible to companies and don’t show up in your credit history. Completing our simple online form will not impact your credit score or any future applications you make for a payday loan.
Am I Eligible for a Payday Loan in Alabama?
Before you apply for a payday loan, you should consider whether you meet the conditions necessary. You are eligible to apply for a payday loan in Alabama if you fit the following criteria:
- You must be a U.S. citizen
- You must be over 18 years of age
- You must have stable income and employment
- You must earn a minimum of $800 per month
- You must have a live US checking account
You should check that you meet the criteria above and also consider whether you can afford to meet your repayments on time.
Does Harpsey Charge Fees for Payday Loans in Alabama?
There are no upfront fees when you make a loan request through our site. Harpsey is here to provide a service free of charge to help you borrow money by connecting you to the perfect lender.
There are no hidden costs and our service is here to make applying for a payday loan as easy as possible. The lenders will charge a daily or monthly interest if your loan is active(which will be approved with you before you proceed). Harpsey ensures that your loan is affordable for you and suits your personal financial requirements.
How Do Repayments Work?
Together with your lender you can decide the repayment terms that suit you. Your loan repayments are collected automatically from your bank account each month on an agreed date, and you will be reminded of your upcoming repayment to help you keep on track. You don’t have to repay the loan in full on your next payday – loans of up to $35,000 can be paid in monthly installments over 1 to 60 months.
It is important to fully consider the size of your loan and the terms of your loan repayments before accepting an offer. If you don’t pay back your loan on time, interest might be added and it could affect your credit score.
What Happens if I Cannot Repay my Payday Loan in Alabama?
Failing to meet your loan repayments on the agreed terms could negatively impact your credit score. If you know that you will struggle to meet your repayments you should contact your lender immediately as they may be able to suggest a plan that won’t affect your credit rating.
You are not required to fully repay your payday loan on your next payday. Many customers pay back their loans over several months of equal payments, making your repayments more manageable and leaving more of your income to have available to tide you over.
FAQs | Payday Loans in Alabama
- How Much Can I Borrow For a Payday Loan?
- Are Payday Loans Legal in Alabama?
- Is Harpsey a Direct Lender Or a Broker?
- What Is The Price Cap For Payday Loans in Alabama?
- How Many Loans Can You Have Open in Alabama?
- Am I Charged a Fee For Using Harpsey?
You can borrow between $100 to $35,000 through one of our lenders. The amount you can borrow is based on factors such as your monthly income and credit status.
Yes. Payday loans are legal in Alabama.
Harpsey is a broker – we connect you to a lender best suited to your application from our panel of trusted partners.
There is a maximum interest rate of 456% for payday loans in Alabama. This interest cap exists to provide extra protection for customers when borrowing money online.
You can only have 1 payday loan open at one time in Alabama. This loan must be repaid in full before you can obtain another one.
No. We do not charge a fee for using our service.