Payday Loans in Nevada

Some weeks ago on a weekend, we conducted offline research asking 20 residents of Nevada what they would do if they needed an unplanned $500 in 2-hour time to settle payment or pay bills that could not be postponed. 10 respondents had no idea how to raise that much money in that short period of time, 5 people contemplated bank loans but quickly realized it was already weekend. 5people mentioned friends and families, but we all know how unpredictable that can be right? In the end, we told them the same thing  we are going to tell you.

Whenever you are at a crossroads and need a little extra money to sort a money crisis, payday loans in Nevada is the exact thing you need. This article explains all the things you need concerning NV payday loans, the requirements and how to get started. 

 If you want an easy loan, you should definitely apply for an NV payday loan at our company today.

Three Popular Credit Options in Nevada

  • Payday loans

This refers to a temporary credit facility that can be used to meet a variety of urgent financial needs. Securing this type of loan is relatively easy especially if you apply for it from our company (click the link below to get started). To get in on this opportunity you do not need to meet any rigorous criteria like having collateral security or having a decent credit score. Paying back this loan is as  effortless as securing it. Repayment of this loan is tied to the next time you get paid.


Law Status Permitted 
Minimum Loan Amount $100
Maximum Loan Amount Must not go above 25% of monthly income 
(Min) Loan Term 2 weeks
(Max) Loan Term 35 days
Max Annual Percentage Rates (APR)% Unlimited
Additional Fees Unlimited
Collateral or guarantor  None
Non-Sufficient Fund (NSF) Fees $25
Number of Simultaneous Loans Unlimited
Cooling-off Period None
Rollover    Allowed
Extension, repayment plan Extension and repayment plan are allowed
Default Penalties Not stated
Credit Score Requirements Unrestricted for bad credit 


  • Periodic/Installment loans

This is a sort of arrangement in which the loan is paid back over time with a predetermined number of periodic payments. Typically, at least two payments are made towards the loan. The duration of this loan could be as short as a couple of weeks or be as long as over 29years. For example, a mortgage loan is a periodic/installment loan. This loan is safe and economical, usually considered an alternative to title loans and payday loans.


Law status Authorized
Minimum Loan Amount $1, 000
Maximum Loan Amount $5, 000
Minimum Loan Term 90 days 
Maximum Loan Term 36 months
Minimum Annual Percentage Rates (APR%) 6.63%
Collateral or Guarantor None
Credit Score Requirements Unrestrained for poor credit score


  •  Private/Personal Loans

This type of credit financing is usually offered by credit societies, banks, and private creditors, for example, online marketplace creditors and peer-to-peer lenders. The cash gotten via this means from can be used for a variety of things including; family expenses, renovations, paying off previous debt, etc. A private loan is payable in monthly installments.

Is there a legal backing to operate payday loans in Nevada?

In Nevada, payday lending is backed by law. It is regulated by Nevada stat.604A.010 et seq. 2017 chapter 274. “Deferred deposit” and “high-interest loans” are the official names given to it in Nevada.

Substitute to Payday loans available to residents of Nevada to choose from 

  • Credit unions

Some credit unions that belong to National Credit Society Administration do give out Payday Loan Alternative (PAL). You could use the funds gotten from PAL to steer clear from or pay back an outstanding loan. Smaller interest PAL provides subscribers with an extra opportunity to pay back.

  • Lend from families and friends

If you encounter a crisis financially, this lending option might help you avoid getting loans with exorbitant interest rates. Put your loan arrangement in writing, you should also add the payback time and the  amount being borrowed in the agreement.

  • Apply for a “bad credit” private/personal credit

Instead of getting a payday loan, you could look to get a “bad credit” personal loan. These can be obtained from a variety of borrowers for amounts ranging from $500- $10,000. Notwithstanding, the APRs are usually high, and you may also be charged an initial fee or other fees.

  • Get a side hustle

  • Try lending circles

How NV Payday loans work

  1. Create an account with a trusted and registered company like ours.
  2. Complete a registration form with correct info like; active email address, phone number, and social security number.
  3. Click submit after ensuring all the info you entered is correct.
  4. An agreement form would be sent to you, and money will be disbursed to the account after you accept.
  5. Repayment is expected on the due date. As much as we do not harass our customers, we expect them to respect the terms of the agreement and not default.


 What is required to be eligible for a Nevada payday loan?

 Meet the below requirements, and be on your way to getting a payday loan;

  1. To apply, you must be at least 18years of age.
  2. Have a steady source of income with a monthly income stream
  3. You’ll need a valid phone number and email address so that we may contact you in the event of an emergency.
  4. Show proof of residency.

Illustration of a Payday Loan Fee.

How much will a $300 payday loan with a minimum of 14 days cost? 

The Annual Percentage Rate (APR): 680% (Assumption)

Loan procured; $300

Finance charge (for 14 days); $20*3 = $60

To return; $360

APR% calculation = $60/$300= 0.2*365= $73/7days = 5.214

= 521.4%


How many payday loans can you have in Nevada?

You can have as much as you want 

What are 3 alternatives to getting a payday loan?

  1. Credit societies 
  2. Borrowing from friends and families
  3. Lending circles

Can you have 3 payday loans at once

Yes! You can get up to 3 payday loans.

What will stop you from getting a payday loan?

Your income and past borrowing history can hinder you from being eligible to get a payday loan.