To be eligible for a payday loan in Alabama, there are 5 key requirements that lenders look for:
Apply For Payday Loans in Alabama AL
Wherever you are in Alabama from Birmingham to Florence, Huntsville, Jasper or Montgomery, Dollar Hand will source the best online payday loans in Alabama for you. Borrow $300, $500, $1,000 or more, and we have bad credit and no credit check options too!
3 Simple Steps To Apply For A Payday Loan in Alabama
Step 1 - Add Your Details
Fill in basic information on our online loan request form including your name, contact details, postal address in Alabama and employment status.
Step 2 - Assess Your Loan Offer
You will instantly receive a personalised loan offer from one of our reputable lenders. If you choose to proceed, you will be sent a loan agreement to sign electronically.
Step 3 - Receive Your Money
If your loan request is approved by the lender, you will receive funds within 1 business day!
How Can I Get a Payday Loan in Alabama?
If you are in need of some extra funds to help tide you over until your next paycheck, Dollar Hand can lend a helping hand! Here at Dollar Hand, we understand how stressful it can be to find a trustworthy lender that will not charge excessive interest rates and so we do all the hard work for you.
Request a payday loan through our online application form and we will search through our network of lending partners across Alabama and select the lender that gives you the best chance of securing a loan at an affordable rate and as quickly as possible. You will receive an instant offer on your screen and the funds could be in your checking account within 24 hours! So if you are looking for payday loans in Huntsville Alabama, or anywhere else in the state, then let us give you a hand today.
Is an Alabama Payday Loan With Dollar Hand Right for Me?
Alabama payday loans can be useful for covering unexpected expenses or emergency bills such as home and car repairs or medical and vet charges. They are designed to be used in the short-term to help keep you financially afloat until you receive your next wage.
Dollar Hand can help you find the best payday loans in Alabama through our speedy online application process, instant responses, same day funding and flexible repayment plans. We also offer options for those with bad credit, as well as loans with no credit checks.
It is important to only take out a loan if you genuinely need it and will be able to meet the repayments as failing to repay the money might increase the fees and damage your credit score.
Where in Alabama Can I Get A Payday Loan?
Dollar Hand’s fully online process means that you can get a loan in Alabama regardless or which town or city you are in – or even across the whole of the USA!
Bayou La Batre
Your location will not prevent you from getting the fast cash that you need. Get started now and received your funds within 1 business day!
What Are The Current Alabama Payday Loan Regulations?
|Are Payday Loans Legal in Alabama?||Yes|
|Maximum Loan Amount||$500|
|Minimum Loan Term||10 days|
|Maximum Loan Term||31 days|
|No. of Rollovers Allowed||1|
|No. of Installments Allowed||4|
|Finance Charges||17.5% Max|
|Statute of Limitations||6 Years Since Last Payment|
How Much Does a $300 Payday Loan in Alabama Cost?
Borrow $300 over a two-week term, will cost $345 ($15 per $100) based on a representative APR of 400%.
Online Payday Loans in Alabama – Bad Credit or No Credit Checks
We can help you borrow a payday loan in Alabama if you need a quick cash advance before you receive your next paycheck!
Will I Be Eligible? What Is The Borrowing Criteria?
- You must be a U.S. citizen
- You must be at least 18 years old
- You must have a steady job
- You must earn at least $800 per month
- You must have a live checking account for your Alabama payday loan to be deposited into
Can I Get a Payday Loan for Bad Credit in Alabama?
Yes, it is possible to be accepted for a loan in Alabama if you have a bad or very poor credit score. Dollar Hand is committed to helping customers rebuild their financial strength and therefore consider people from all financial backgrounds. Provided that you have a regular employment and are committed to repaying your loan on time, you are certainly able to borrow money and find the right product for you.
By working with a large panel of direct lenders, we are able to present you with a number of affordable options and if you are not best suited for a payday loan in Alabama, we will recommend alternative products such as credit cards, apps, credit unions, secured or title loans too.
How Quickly Can I Borrow Money?
Dollar Hand can help you borrow between $100 to $35,000 in the flick of a finger! Once your loan application is approved by our lenders, the money can be transferred to your bank account in less than 1 hour, within 24 hours or by the next working day.
If you are looking for payday loans online on the same day in Alabama then there are ways you can try to make sure your loan request goes through quickly. Send your request during working hours as this is when most loans are funded. Also make sure you are readily available to respond to any phone calls or emails that might arise as you could be contacted to provide follow-up details.Get Started Now
Why Should I Use Dollar Hand?
- Enquiring is free of charge and only takes a few minutes
- You can borrow as little as $100 or as much as $35,000
- You will get an instant loan offer
- Receive the money within 1 business day
- We search our panel of lenders to find the best loan offer for you
- The online loan request process is extremely straightforward
- Dollar Hand only works with reputable lenders
- Enquiring will not affect your credit score
- You can repay early to save money
- We can help those who don’t have perfect credit!
Frequently Asked Questions About Payday Loans in Alabama
Is Dollar Hand A Direct Lender?
No, Dollar Hand is a broker who connects Alabamans with the most reputable lenders in the US. You can be rest assured that our lending partners offer the most competitive rates in the state.
Are Online Payday Loans Legal In Alabama?
Yes, online payday loans are legal in Alabama. There are just certain regulations that exist, including the maximum loan amount of $500. There is also a minimum loan term of 10 days and a maximum loan term of 31 days.
What Are The Price Caps For Payday Loans In The State Of Alabama?
The maximum interest rate for payday loans in Alabama is 456%. The interest cap is designed to protect borrowers from excessively high interest rates and to help make loans more affordable.
How Many Payday Loans Can You Have In Alabama?
Within the Alabama state, you can only have 1 payday loan at a time. This is to avoid the risk of being overdependent on costly financial products and falling into a spiral of debt.
Can I Get a Payday Loan If I am Self Employed?
Yes, you can borrow money in Alabama if you are self employed. As long as you can show proof of regular income of at least $800 per month, then our lenders can provide you with a loan offer.
How Do Repayments Work?
The maximum payday loan term is 31 days in Alabama. However, this can be extended with a single rollover which essentially doubles the life of the payday loan. You may pay back your entire loan in one lump sum or repay over 4 installments (see installment loans for more information).
A repayment plan will be agreed upon in the loan contract with the lender. It is important to only take out a payday loan if you are confident that you will be able to manage repayments as otherwise you could face high interest and charges.