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How Much Can I Borrow with an Online Payday Loan

When choosing a payday lender there are many factors to consider including application length, approval time, funding time and whether or not the lender is licensed in your state. The loan amount available to you is also important because you’ll want to know if you’ll be able to cover your emergency expense before committing to the loan.

That being said, you should understand that the maximum loan amount available to applicants varies by state due to state laws and regulations. This means that loan amount isn’t a factor you should use as a comparison when researching payday lenders. For instance, even if you would like to borrow a $1,500 payday loan, you won’t be able to do so if you reside in South Dakota. The maximum loan amount available to residents in South Dakota is $500, so you would only be able to apply for a 500-dollar payday loan.

New Customers: Use Promo Code CASHNET50 on Your First Loan

Save 50% on the initial loan fee of your first payday loan or receive a 50% rebate on the interest or fees of the first two payments of your first installment or installment-payday loan, respectively. Promo code not valid for the CashNetUSA line of credit product.+++

How Much Money Will I Qualify For?

You should also know that even if a 1,500-dollar payday loan or a $1,000 payday loan are the maximum loan amounts available in your state, you won’t necessarily qualify for those amounts. The loan amount you can receive will depend on certain qualification criteria, which is determined in part by the information you provide in your application.

So whether you are considering a $500 payday loan or hoping for a 1,000-dollar payday loan, you should understand that you might not be able to get the total amount you need to cover your emergency expense. However, a cash advance could help you cover part of it.

Managing your expectations early can help you figure out an additional solution to help cover your immediate expense. Or, if your expense is not quite so large, you may be able to successfully cover it with a payday loan. You can view the Rates & Terms for your state of residence to understand how much you can receive when applying for a loan from CashNetUSA.


Back to Everything You Need to Know About Payday Loans

*CashNetUSA and third-party lender funds are generally deposited via ACH for delivery next business day if approved by 9pm CT Mon. – Thu. or by 7pm CT Sun.

CA residents: CashNetUSA California Finance Lenders License file no. 603 H010, DE residents: Licensed by Delaware State Bank Commissioner License #9546 Exp. 12/31/2014, OH residents: Ohio Credit Services Organization Certificate of Registration no. CS.900076.000.

**Not all loan applications or extension requests are approved. Due to state and verification requirements, not all applicants for online loans may be eligible for instant approval by CashNetUSA or third-party lenders.

***Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria.

†CashNetUSA or third-party lender does not perform traditional credit checks as part of its credit transaction approval process, but does verify applicant information via national databases including, but not limited to, Clarity. If you have defaulted on past transactions, you may be declined for a cash advance from CashNetUSA.

‡Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details.

++Please see Rates and Terms to check the availability of online loans and extensions in your state. CashNetUSA is not a lender in all states. In some states, CashNetUSA will (i) act as a Credit Service Organization to arrange a loan between you and a third-party lender, or (ii) in Texas, act as a Credit Access Business between you and a third-party lender.

+++If you are a Payday, CSO, or CAB customer, discount will be applied to the initial loan fee, CSO fee, or CAB fee, respectively. If you are an Installment or Installment-Payday customer, the rebate shall be calculated by multiplying the percent discount by the first two scheduled installment payments of your loan. However, the rebate shall not exceed the actual amount of accrued interest paid on the Installment loan or fees paid on the Installment-Payday loan. Rebate shall be paid via bank account ACH credit upon full repayment of the loan, and is contingent upon a minimum of two installment payments made. Discount not valid for the CashNetUSA line of credit product. Promotions are not available in all states. Please see your state's Rates and Terms for additional details. Unless otherwise specified, promo codes must be entered at the time of application, can be used only once, and may not be combined with any other offers or Preferred Member benefits.

1Must be 21 years of age for Mississippi residence and 19 years of age for Alabama and Delaware residence.

Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.