Payment for payday loans is typically due in the two weeks from when they were taken out, or, as their name suggests, when your next payday arrives.

However, not all lenders require repayments within two weeks. Others will give a range of repayment periods for prospective borrowers to choose from.



Payday loans are a popular type of short-term borrowing that can help people borrow the cash they need when they need it. Reports show there are 12 million Americans using payday loans each year.

These types of loans are built for people to borrow short-term, meaning those with longer-term borrowing needs may want to explore other, more appropriate options.


Can I Use a Payday Loan Long Term?


Payday loans are intended for short-term use, helping borrowers to cover their immediate/emergency cash needs while waiting for their next payday. Due to the nature of these loans, they are typically repaid back once the borrower has reached their next payday.


repay loan


It’s important to note that payday loans are not a suitable form of borrowing for long-term difficulties, often coming with high interest rates that can add a substantial amount to the payment owed if borrowed for longer terms.

Therefore, it’s best to only use a payday loan once you have determined that this is the best borrowing option for your circumstances, requesting a manageable amount and a suitable loan term.

While offered for short-term periods, the precise length of time you’re able to borrow a payday loan for can vary depending on the state you’re in and the area’s regulations surrounding this form of lending.


Can I Get a Payday Loan from Another State?


For most cases, you will not be able to borrow a payday loan from another state, as lenders are obligated to only lend to those in the areas they’re licensed in.

While some states allow payday lending, some prohibit them. Below is a list with just some of the states that allow payday loans, and the loan term restrictions for them:

  • Alabama: 10 – 31 days
  • Alaska: 14 days (minimum)
  • California: 30 days (maximum)
  • Colorado: 6 months (minimum)
  • Delaware: 59 days (maximum)
  • Florida: 7 – 31 days
  • Illinois: 13 days (minimum)
  • Indiana: 14 days (minimum)
  • Iowa 31 days (maximum)
  • Kansas: 7 – 30 days
  • Kentucky: 60 days (maximum)
  • Louisiana: 30 days (maximum)
  • Mississippi: 30 days
  • Missouri: 14 – 31 days
  • Nebraska: 34 days (maximum)
  • Nevada: 35 days
  • Ohio: 1 year (maximum)
  • Tennessee: 31 days (maximum)
  • Texas: No restrictions on loan terms

Dollar Hand can help you find loans across a number of states in the U.S., including Alabama, California, Florida, Illinois, Ohio, Texas and Tennessee.


How Quickly Can I Receive Funds for a Payday Loan?


Payday loans are useful for cash emergencies as borrowers are able to receive the funds shortly after being approved for the loan. With loans found through Dollar Hand, you could find yourself receiving the funds in just 24 hours or the next business day, subject to the details of the loan that has been requested as well as the personal details you’ve provided in the request form.




Receiving the loan this quickly can be extremely useful for those needing access to fast cash. If you come across an emergency and don’t have the money to cover the costs for this until you’re next paid, payday loans can help you cover the payments until this time.


Is a Payday Loan Right for Me?


Payday loans are only appropriate in certain situations and should only be borrowed for a short period of time.

If you’re facing an unexpected emergency and don’t have the funds to cover this until your next payday, it might be worth exploring how a payday loan can help. For example, if your car has broken down and you don’t have the funds to cover this right now but need to get it up and running before your next payday, this type of loan could be a suitable option to explore.

For those needing to borrow for longer periods of time, or need the funds for a different reason, a payday loan may not be the best option for you.

Before sending out any loan requests with lenders, it’s important to have explored all of the most appropriate options available to you, and to only choose those where you meet the eligibility criteria and can manage repayments.

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