New Jersey Payday Loans

It is hard to predict life. It is like going on a journey with hills, valleys and obstacles that put a stop on your journey. When you stumble upon difficult situations that can only be solved through financial help, what do you do immediately to get it? All you simply have to do is to obtain a payday loan on your mobile device, with the help of a working mobile internet connection and search for the best online payday loan application near you in NJ. 

It looks simple, doesn’t it? This means you don’t necessarily have to fill hours of paper works, drive down to the bank and encounter the crazy traffic on the highway or wait for hours to be attended to when you eventually arrive at the bank. All of these can be avoided. You can instantly get access to quick cash loan offers within a couple of minutes just by applying for one online. 

It is high time you are rescued out of your financial difficulties, don’t you think? The best way to do that is to apply for a reliable and safe loan immediately! Don’t waste any more precious minutes.

By clicking a couple of buttons on your device, you will nip your financial problem in the bud and be able to go on with your journey in life smoothly. No more unexpected bumps to overcome. You will be financially ready to solve anything that comes your way. That is amazing, isn’t it? You will be able to repair your car, or truck, complete your ongoing projects, rent a new apartment etc. Apply for an easy payday loan in New Jersey without as much collateral or numerous numbers of guarantors.

Available Loan Packages in New Jersey:

  1. Personal loans

Compared to installment loans in NJ, personal loans have a much higher loan amount available to borrowers to sort out medical bills, bring your dream wedding to life, pay for your tuition fees, backpack all over the world etc. You have the opportunity to borrow from as low as $1,000 to as high as $35, 000, depending on your income in New Jersey. 

Law Status Permitted
Minimum loan Amount $1,000
Maximum loan Amount $35,000
Minimum loan Term 90 days (3 months)
Maximum loan Term 60 months (5 years)
Minimum Annual Percentage Rate 4.99%
Collateral or guarantor Neither
Credit Score Requirements Available to borrowers with bad credit


  1. Payday loans:

Payday loans are short-termed loans but are largely restricted due to their illegal status. You can use this loan for repairs and immediate expenses while you repay at the end of the month. You can borrow as low as $100 to as high as $1,000 in New Jersey. Accessible loan amounts sometimes vary from one online payday loan lending firm to another. Due to the restrictions, some details aren’t specified as it differs from one lender to the other.


Law Status Not permitted but available to borrowers
Minimum loan Amount Not specified
Maximum loan Amount Not specified
Minimum loan Term Not specified
Maximum loan Term Not specified
Maximum Annual Percentage Rate This shouldn’t be more than 30% of the total loan obtained.
Additional Fees Not specified
Non-sufficient Fund Not specified
Collateral or guarantor Neither
Number of Simultaneous loans Not specified
Cooling-off Period Not specified
Rollover Not permitted
Extension, Repayment Plan Not permitted
Default Penalties Not permitted
Credit Score Requirements Available to borrowers with bad credits
  1. Installment loans:

Installment loans in NJ are longer-term unsecured loans that allow borrowers to pay back in monthly installments between 3 months to as long as 36 months. Its loan amount exceeds payday loans which can be used for discounted tuition fees, automotive repairs etc. You have the opportunity to borrow from as low as $1,000 to as high as $5,000.


Law Status Permitted
Minimum loan Amount $1,000
Maximum loan Amount $5,000
Minimum loan Term 90 days (3 months)
Maximum loan Term 36 months (3 years)
Minimum Annual Percentage Rate 6.63%
Collateral or guarantor Neither
Credit Score Requirements Available to borrowers with bad credits


Regulation for Online Payday Loans in New Jersey

There is a restriction placed on online payday loans that disallows the lending of the loan in NJ. Even though it’s prohibited from lenders to borrowers, it’s still made available to you, as a borrower. It is okay to apply for a cash loan from some New Jersey online payday loan-lending firms because they are more rational with their terms and conditions. But, you must be extra careful not to fall victim to the fraudulent and unlicensed firms. 

Available Alternatives for Payday Loans in New Jersey

The inhibition placed on online lending firms to protect the residents of New Jersey from being extorted online due to repayment plans on payday loans has made some other safer alternatives due to less interest rate charges. For faster access to cash loans in NJ, here are 5 greater alternatives for payday loans for you:

  • Request for help from friends and family members

Borrowing from either friends or family, or both can save you from paying high costs of interest rates on some payday loans. Remember not to take this for granted if you choose to go with this.

  • Reach out to a credit counsellor

A good credit counsellor can help you to manage your finances, thereby leading to a faster repayment and working with you to look through alternatives with lower and easier interest rates.

  • Apply for a loan from bank

Banks will follow the laid out rules and regulations for borrowers to obtain a loan in New Jersey. You must open an account with the choice of a bank you want to borrow from and be prepared for the excruciation hours spent on queues and filling paper works. Make sure to have a good credit score.

  • Take up an extra shift at work

A better way to ensure that you have extra cash on hand is to increase your sources of income. Getting a new gig or job or increasing hours of work, if possible, will ensure financial stability.

  • Look out for government funds

Search for charitable organizations sponsored by either the government or private individuals and apply for financial assistance. You might just get lucky. The only downside to this is the long-time processing and might have the application rejected.

Other alternatives include Debt consolidation and requesting financial assistance from Ethnic associations. 


How can I navigate my way through online payday loans in New Jersey?

You can obtain a payday loan online, NJ, in 5 easy steps:

  1. Carefully check out the requirements to see if you check all the boxes.
  2. Fill out the application, send and await approval. Here, your data such as name and contact address will be asked for, as well as SSN (Social Security Number).
  3. You will receive a message that your loan has been reviewed and granted. It’s your choice to accept or reject the offer.
  4. After approval, you will be credited after a couple of hours. Some payday lenders wait until business days before reviewing applications when you make your request during a holiday or weekend.
  5. After receiving the cash loan, you will be notified of the due date of repayment. Endeavour to pay on the stated date. Repayment is just as simple as the application for a loan.

Qualifications to Gain Access to a New Jersey Payday Loan

You must:

  • be residing in New Jersey
  • show proof as a legitimate citizen of the United States of America 
  • Be of the responsible age, that is 18+
  • Fill in an active bank account for the loan to be paid into
  • Be a full-time employee earning a minimum of $1,000 earned monthly
  • Possess contact address such an active mobile number and email address

An Instance of a Payday Loan Repayment in NJ

How much would a borrower pay back after obtaining a $200 payday loan online in NJ for a 14-day repayment?

For a 14-day term:

loan Obtained: $200

To return: $228

APR% Calculation= $28/31 days = 0.9 * 365 days

= 328.5%



Does NJ offer payday loans?

Legally, payday loans are not available in NJ. The heavy regulation placed on payday loan offers restricts their easy access to them. Regardless, some online lending firms still make it available to borrowers as long as they follow the lawfully decided terms.

What can I use instead of a payday loan?

Some of the alternatives to payday loans in New Jersey available to you include borrowing from friends, colleagues at work and family members. You can also borrow from lending circles, find an extra job that pays well or look out for government funds.

What is the easiest payday loan app in New Jersey?

To find the easiest application that offers an online payday loan, you have to compare different loan amounts, terms and repayment plans. Lending firms do not offer the same loan amounts and terms. It will be in your best interest to put into consideration your income and payday for easy and early repayment before choosing a payday loan application to go with.