Small Loans – £100 – £5000 Payday Loans Online
If you think that you’re not eligible for small loans, you’re wrong! But before we get to the ins and outs of small payday loans, let’s consider the financial pickle you find yourself in that’s left you with the need to borrow money.
Most small loan borrowers find they need a little extra cash to pay for a malfunctioning laptop, a broken window, punctured car tire, or new clothing for their child who has just gone through a growth spurt. The reasons you need a cash advance may be very different, but your needs are the same. You need a small amount of money in a hurry!
If you feel at times that your paycheck is performing in 100m sprints when you really need it to make the whole marathon, don’t feel alone. Thousands, if not millions, of Americans, have the same problem. Money troubles can crop up at the most inopportune time, and it can feel like you’re involved in an Olympic sport, trying to keep up with all the expenses. Getting a small loan now and then can help you overcome temporary financial hurdles. However, most people fear the dreaded rejection letter from the bank.
What Are Small Loans – How Do Small Loans Work?
While traditional banks have loans on offer that seem all-too-impossible for the average American to achieve, the truth is that you – the everyday American – have plenty of options to choose from (even if you have bad credit). By applying for a loan via Viva Payday Loans, you get access to all kinds of small loans on offer.
A small loan is when an amount of money is borrowed over a set period of time. Interest and service fees are charged monthly on the loan until the total amount is paid off.
Small loans at Viva Payday Loans:
- Amount: $100 to $5,000
- Terms: 2 to 24 month period
- Interest: 5.99% to 35.99% (APR) Annual Percentage Rate
There’s no such thing as a one-size-fits-all approach to small loans at Vivapaydayloans.com. We connect borrowers to lenders who then consider their case on a unique set of merits. Your situation will determine what loan you can get, what fees are attached, and how long you have to pay it back.
Types Of Small Loans
You can find different types of small loans at Viva Payday Loans.
Small loans are convenient short-term financial solutions designed to help you out when you need quick cash. They can come in handy when you need fast money to cover a financial emergency, unexpected expenses, or get you through a rough patch.
Small loans are usually unsecured and feature short repayment periods. They’re sometimes referred to as payday loans or cash advance loans because they’re usually an advance of your next paycheck. Small loans can help plug gaps in your finances until the day you get paid or a few months after that.
At Viva Payday Loans, we connect borrowers to some of the best lenders in the US for free! You can borrow small loans from $100 up to $5,000 with repayment periods of either 7 to 30 days or 2 to 24 months.
Small Personal Loans
Small personal loans are a type of installment credit, but unlike credit cards, you get a one-time lump sum paid into your account when approved. You’ll then repay the loan amount plus interest over a chosen term until you settle the loan.
At Viva Payday loans, lenders specialize in small personal loans ranging from $100 to $5,000 with interest rates ranging from 5.99% to 35.99%. You’ll get 2 to 24 months to repay, and you’re allowed to choose a monthly payment that is suitable for your budget.
Small Personal Loans For Bad Credit
You can still qualify for small personal loans even with a less-than-perfect credit score. We’ll match you with lenders who specialize in providing small personal loans for bad credit. Your existing credit score won’t affect your application, and all you need is to show lenders you can repay the amount you’re borrowing.
Viva Payday Loans will help you select suitable small personal loans for bad credit according to your circumstances. We do the leg work and match you with the right lender for free to ensure you don’t waste money and time with unsuitable lenders.
Small Loans Near Me
Viva Payday Loans brings you the ultimate digital convenience of borrowing small loans online from wherever you are. If you’re searching for small loans near me, rest assured we’ll connect you with top-notch lenders in the country without leaving your home.
Our lenders offer small loans near me suited for the modern American who wants financial options right at their fingertips. You can choose to use the Viva Payday Loans app or our website to apply and receive a loan offer in a matter of minutes!
Small Loans For Fair Credit
All lenders want to work with borrowers with positive credit histories. Lenders at Viva Payday Loans readily offer low-interest small loans for fair credit A fair or good credit score shows you’re a reliable borrower, and lenders will quickly approve your small loans request.
Small Loans With Good Credit
With a better credit score, you’ll get more favorable interest rates, and you can borrow higher loan amounts. The lenders on our panel offer favorable interest rates and terms to those with good credit. Our small loans with good credit offer interest rates between 5.99% and 35.99% – the better your credit, the better your interest rate.
Small Payday Loans Online
At Viva Payday Loans, we pride ourselves in fast and sweet small payday loans online that you can quickly repay so you’re not indebted for long. The American loans world has made great leaps and bounds, and you no longer have to look for a storefront to access small payday loans.
The quick and easy borrowing process at Viva Payday Loans takes place entirely online and is safe and reliable. Simply provide your personal and financial information, some details about the loan you’re looking for, and we’ll take care of the rest. Our lenders make instant online assessments of your application and offer a final decision immediately.
Small Payday Loans Online No Credit Check
Small payday loans online with no credit check are suitable for everyday Americans with a non-existent, bad, or poor credit history. As the name implies, a credit check will not be required to get approved for small payday loans online.
Instead of scrutinizing your past financial hurdles and prying into your credit history, lenders focus on your affordability based on your current monthly income and expenses. With small payday loans online no credit check, you can borrow from $100 to $2,000 to get you through the month or pay for small expenses.
Small Loans Same Day
Small loans same day are processed, approved, and paid out within the same day you apply. They enable you to access cash almost instantly and are suitable for emergency funding to cover unexpected expenses. At Viva Payday Loans, we’ll connect you to lenders who advance small loans same daythat you can use to cover medical bills, repairs, or a deal you can’t miss.
You can borrow small loans same day, starting from $100 to $5,000, with 2 to 24 months to repay.
Small Loans Low Interest
You can get small loans with low-interest rates among the comprehensive panel of lenders at Viva Payday Loans. Lenders offer small loans with interest rates from anywhere between 5.99% APR to 35.99% APR. Many lenders will offer competitive interest rates to outdo the competition, which will work to your benefit!
Remember, your loan agreement and factors like your credit history, income, and whether you have a cosigner will affect how much interest you pay for small loans.
Small Loans For College Students
Small loans for college students can help buy books, pay tuition fees, or cover everyday college expenses. Getting small loans as a college student can be challenging, especially if you’re unemployed or have no credit history.
However, at Viva Payday Loans, we’ll connect you with understanding lenders who only consider affordability when approving small loans for college students. You can easily qualify for small loans as long as you have some kind of consistent income like allowance from parents, regular aid, or trust proceeds.
Small Loans For Veterans
Our extensive panel also features lenders who offer small loans for veterans that can get you the funds you need almost instantly. Even without formal employment, your benefits can be a valuable resource in helping you qualify for small loans.
Your retirement or pension benefits can help you get small loans from $100 to $5,000, depending on your affordability.
Small Loans With Cosigner
A cosigner is someone who acts as a guarantor for the loan you’re applying for, and they agree to repay the loan if you default. Small loans with a cosigner are suitable if you’ve been unable to get small loans individually. The cosigner can be a friend or relative with a good credit history and financial standing.
Small loans with a cosigner are quickly approved because having a cosigner reduces the risk for the lender. They also make it easy to get lower interest rates and qualify for higher loan amounts.
Small Loans Without Bank Account
Unlike other lenders who require active bank accounts to grant you small loans, lenders at Viva Payday Loans welcome all eligible Americans, including those who are unbanked. We’ll freely connect you with specialized lenders who offer small loans without a bank account to borrowers who don’t have a bank, savings, or checking account.
Once you’re approved, you can receive the money directly through a prepaid debit card or cash app.
Small Loans With Monthly Payment
Small loans with monthly payment schedules make repaying the loan easy and effortless. Lenders will set up automatic debits to your account, so you don’t have to worry about budgeting or missing loan repayments. They’re automatically taken care of when you get aid.
You can also choose different payments times for small loans depending on when you get paid. These can include weekly or fortnightly repayment schedules.
Features of Small Loans Online
When applying for a loan via Vivapaydayloans.com, you will be presented with various loans with the same features. Here are the features to consider.
Seamless Online Application Process
Viva Payday Loans makes online money borrowing a piece of cake. With our easy-to-use online system form, you only need five minutes to complete the application form. You also won’t be kept waiting around for a response to your request. You will know within two minutes if your loan request is approved.
No Credit Check Loans
While credit checks can be carried out in some instances, most lenders we work with do not do a hard credit check. Instead, they pay attention to your debt to income ratio.
Reasonable Loan Amounts
When you apply for same day loan through Viva Payday Loans, you can request any amount between $100 to $5,000.
Tailored Terms of Payment
Viva Payday Loans connects borrowers to lenders with average repayment terms of 2 to 24 months. If you’re opting for very small loans of just a few hundred dollars, repayment periods of 7 to 30 days are more suitable and available. Factors such as the loan amount, your affordability, and how often you receive your source of income (e.g., weekly, bi-weekly, monthly) will determine the payback period.
Realistic Interest Rates
The lenders servicing Viva Payday Loans offer interest rates from 5.99% to 35.99%. The rates applied to your small loan will be determined by a set of factors, including lender, type of loan, payback period, and loan amount.
Timely Payouts Process
Viva Payday Loans understands the urgency of your application. As a result, we commit to processing your application promptly to get the cash to you as quickly as possible. Unless there is an unexpected delay, you can expect to see the money in your account within 24 hours of approval.
Viva Payday Loans partners up with reputable lenders. That said, it’s always advised that you do some due diligence to ensure you’re being assisted by a lender you feel you can trust.
As your lender questions when they present you with a loan contract. It is for your benefit applicant to understand all terms and conditions stipulated in the loan contract. Take note of any unexplained and additional fees and charges that may arise from the lender, as well as unfamiliar terms that you require further understanding and clarity on.
It is also advisable for you to familiarize yourself with terms that might crop up. For instance, do you know what an origination fee is? Are you aware of the early exit or late payment penalties? It’s best to find out before you get into a loan contract.
Examples of Bad Credit Small Loans via Viva Payday Loans
At Viva Payday Loans, we have a list of payday lenders who service our client loan requests. As displayed in the table, you will notice that each lender’s terms differ when it comes to the loaned amount, payback period, and interest charged. We, therefore, recommend that you compare all options before signing your loan contract.
|LendUp||$100 – $500||30 days||30.00 – 180.00%|
|Greenday Online||$100 – $5,000||24 months||Case by case|
|OppLoans||$500-$4,000||9 -18 months||Varied|
Advantages & Disadvantages of Small Loans
The following advantages apply to all bad credit small loans and payday small loans available at Vivapaydayloans.com:
Advantages of Small Loans
All FICO Scores Welcome
There’s a possible loan out there for every individual who meets the eligibility criteria. If your income and expenses are compared and there’s evidence you will afford the monthly installments without landing up in a worse financial position; you’ll likely get a loan offer.
Prompt Loan Approval
Provided you readily have all supporting documents and meet the relevant criteria as required by Viva Payday Loans, you can receive online loan approval within two minutes of submitting your application.
Payback periods are designed to make repaying your loan as convenient as possible. Very small loans of $100 to $300 are typically repaid over 7 to 30 days. But other loans of up to $5,000 can be repaid over 2 to 24 months.
Cash Payouts in 24 Hours
When applying for payday advances with Viva Payday Loans, our panel of lenders won’t keep you waiting around for the cash. Instead, once the loan is approved and finalized, the money will be paid into your bank account within 24 hours.
Disadvantages of Small Loans
Defaulting on Payments
Defaulting on your loan or consistently missing payments can result in the loss of your collateral property (in the case of a secured loan).
Expensive Form of Borrowing
While personal loans are quick and convenient, they’re not cheap. Interest rates are typically high, and some lenders charge highly monthly service fees. It’s best to familiarize yourself with the fees before signing a loan agreement.
Eligibility Requirements for Small Loans
To qualify for personal loans with the lenders on our panel, you must meet the following requirements.
- 18 years of age
- Have a valid US identity document
- Be a citizen or permanent resident of the USA
- Have a local US home address (and proof thereof)
- Have an active checking account
- Earn at least $1,000 per month and provide proof thereof
If you qualify for cash loans through Viva Payday Loans, you can get started on the application process.
How to Apply for Small Payday Loans Near Me
The Viva Payday loans online application is easy and seamless. To speed up the process and ensure you’re not faced with any delays, gather all your supporting documentation ahead of time. Before you start the application, get the following copies ready:
- Copy of your ID
- Residency permit or long-term visa if you are a registered, foreign resident
- Proof of address (you can use a tax bill or your utility bill)
- Bank statements
- Proof of income (you can use pay stubs, tax returns, or bank statements)
Now that you have all the required documents together, it’s time to get the application started. Follow these simple steps:
Step 1: Choose the Small Loan Amount & Complete Online Form
The toggle to choose how much to borrow can be tempting for many people. You may find yourself sliding the toggle up to a much higher amount than you need, simply because you can. Keep in mind that a loan is not free money. You are paying it back, and it will cost you. Be realistic and humble in the process. Ask yourself what you need the money for and how much you can actually afford each month. It’s pointless to borrow $5,000 if you cannot afford the monthly installments.
It can help to draw up a list of all of our monthly costs and make a note of your income. When you deduct your expenses from your income, how much are you left with each month? Is there room for a loan installment?
Step 2: Complete the Online Form
After selecting the amount to loan and how long you wish to repay it over, you have to answer a few personal questions to help the lender determine if a loan is suitable for you (and capture your information).
Step 3: Wait for a Decision & Get the Cash
Once you’ve submitted your payday loans app form, our online system will give you an outcome within two minutes. If your small loans application is accepted, you will be forwarded to a lender who will be ready to finalize your loan details. During this period, you will learn about the fees, the loan amount on offer, the expected interest rate, and how long you will get to pay it back. Then, you will receive a loan agreement to read over. It’s imperative to read through the loan agreement.
Once you have read through the terms and conditions of the loan contract and you are happy with the terms of payment, interest rate, and any additional fees, you can go ahead and sign the loan contract. Send it back to the lender and simply wait!
The requested amount will be delivered to your account in as little as 24 hours.
Can I Apply for a Viva Payday Small Loan if I am Unemployed?
Even if you don’t have a regular job and pay stub available, you’re still eligible to apply for a loan via Viva Payday Loans if you earn the minimum monthly income. You can earn $1,000 per month in many ways. If you can prove you are getting regular money into your bank account, you can apply for small loans.
Can Anyone Apply for a Viva Payday Loan?
Viva Payday Loans are available to anyone who meets the qualifying criteria.
Applicants need to be 18 years or older, have a valid US Identity Document, be a US citizen or permanent resident, and earn a minimum of $1,000 per month. In addition to this, borrowers are required to have proof of residential address, an active checking account, and proof of regular income where the applicant must earn at least $1,000 per month (pay stubs, tax returns, bank statements).
How do I Make Loan Repayments on my Viva Payday Loan?
Each of the payday lenders we work with have their own terms in place for repayment. That said, when you borrow money online, the lender will most likely want to set up a direct debit so that the installments are automatically deducted on your paydays. The repayments can be made on your payday or date or dates negotiated with the lender. Automatic repayment deductions are convenient and ensure that you make regular payments and leave little to no possibility of default payments.
Why is the Viva Payday Loans Interest Rate Range APR (Annual Percentage Rate) so Varied?
The lenders servicing Viva Payday Loan’s requests assess each application on its individual merits or factors. Such factors that determine the amount of interest charged on a loan, will include but are not limited to the loan amount, the payback period, the applicant’s credit score, and affordability. Interest rates can also vary from one state to another. When applying for small loans via Viva Payday Loans, you can expect the APR to range from 5.99% to 35.99%.
Will You Viva Payday Loans Check My Credit Score?
When applying for small payday loans through Vivapaydayloans.com, no hard credit check is done unless necessary. Most lenders on our panel specialize in low credit loans, which means that they do everything possible to ensure that the acquisition of the loan doesn’t negatively impact your score. If you pay your loan in full and on time as agreed, your loan can be good for your credit score.
What Fees Are Charged on Small Loans via Viva Payday Loans?
Engaging the services of Viva Payday Loans through our online portal is free of charge. The only fees that you will pay are on your loan agreement, and that is strictly between you and the lender. All we do is ensure that your loan application ends up with a lender most likely to approve it. And we don’t charge you anything for that.
Can I Apply for Small Loans if I Have a Bad Credit Score?
The lenders on our panel at Viva Payday Loans do not discriminate against people with no credit score or a bad score. For bad credit borrowers, there are plenty of options. You can opt for no credit check loans, secured loans, or even get someone to co-sign a guarantor loan with you.
Will Taking Out Small Loans Negatively Affect My Credit Score?
Small loans won’t have a negative impact on your credit score unless you default on the loan agreement or consistently pay late.
Does Viva Payday Loans Offer Small Payday Loans Everywhere in the USA?
Unfortunately, certain states don’t allow payday or short term loans. You won’ be able to apply for small loans via Viva Payday Loans if you’re in Arkansas, Connecticut, New Hampshire, New York, Montana, South Dakota, Vermont, West Virginia, Indiana, and Minnesota.