$900 Payday Loan, How to Borrow Online

Ashley Donohoe

Written by

Ashley Donohoe
Katherine Fan

Edited by

Katherine Fan
Paul Sisolak

Reviewed by

Paul Sisolak

If you’ve come up short on cash before your next paycheck, any essential expense could leave you needing to borrow money. You might need a $900 loan if you can’t cover your regular bills or if you experience a setback like a car breakdown or a medical emergency. In such cases, you’ll want the money as soon as possible.

Payday loans can help get you out of a tricky financial situation. Available even if your credit needs work, these loans can provide you with fast cash that you can simply pay back once you receive your paycheck.

If you’re wondering whether a $900 loan suits your needs, keep reading to learn more.

What Is a $900 Payday Loan?

A payday loan is a short-term loan often in an amount of $1,000 or less. States set rules on payday loan limits, so you’ll need to check that you can get a $900 payday loan where you live.

You usually repay the money in two weeks to 45 days, and the lender charges interest on the amount borrowed. There often are associated fees as well that you’ll also need to pay.

A $900 payday loan comes with quick approval time — as short as mere minutes in some cases. Lenders offering payday loans are also more forgiving of credit issues you might have. You can often get the money deposited in your account the same day as long as you promptly provide the information your lender needs.

How Much Does a $900 Payday Loan Cost?

Payday loans generally have much higher interest rates than you’ll find on credit cards and other loans. However, state laws can limit interest charges. For example, the lender might charge 10 to 30 percent of the $900 you borrow. This adds up to a high annualized interest rate since the loan term is so short.

Along with interest, you may also pay fees if you need to extend the loan term or you don’t pay the loan back on time. You should borrow just the amount you need, and pay it back as agreed to minimize such costs.

If you aren’t sure whether or not you can make the deadlines for repayment, consider seeking out other forms of financing since payday loan interest can quickly add up and get out of hand if you can’t meet your financial obligation.

Where Can I Get a $900 Loan Fast?

You can get a $900 loan quickly online from home, or through a local payday lender. Research multiple options, compare the lenders’ interest and fees, and choose a reputable payday lender for the best experience. You should also ask about loan processing times so that you end up with a lender that can pay you right away.

Eligibility Criteria for a $900 Payday Loan

Your lender will make you prove that you’re a U.S. citizen or permanent resident who is at least 18 years old. They’ll also look at your income amount and job stability to make sure you can afford to repay your $900 payday loan on its due date. You’ll also need to provide basic contact details and have an active checking account to use for the deposit.

Can I Get a $900 Loan with Bad Credit?

Payday lenders usually do not do a hard credit pull, so bad credit is OK. Even if the lender does check your credit, they’ll consider your full financial picture so that prior missed payments won’t be a dealbreaker. Just make sure your income situation proves you can realistically pay back the loan.

Can I get a $900 Payday Loan with a Bad Credit Check?

You can find many payday lenders that don’t check your credit at all. Others usually only do soft credit checks or evaluate other financial factors. Rest assured that a bad credit check doesn’t take away your chance of getting approved.

Can I Get a $900 Loan with Extremely Fast Approval?

When you choose a $900 payday loan, you don’t have to wait several days or even weeks for approval as you would with most traditional loans. Once you’ve taken a few minutes to apply and submit your documents, you usually receive lender approval the same day if you’re eligible. The deposit time can then range from one to three business days.

What to Consider Before Getting a $900 Payday Loan

While convenient, payday loans come with important considerations. First, check that you meet the lender’s requirements to get a payday loan at all. You should then assess how much you need to borrow and whether you can afford to repay that amount quickly. Finally, understand the loan’s terms — including the interest, fees and due date — and make sure your lender is credible.

What Are the Requirements to Get a $900 Payday Loan?

The basic requirements for a $900 payday loan include a sufficient amount of verifiable income, an active checking account in good standing, and proof that you’re either a U.S resident or citizen of legal age. The lender will want a photo ID, paystub or other income verification, and your checking account information. Your lender may also want a post-dated check covering the amount due.

How Fast Can I Get the 900 Dollar Loan?

The application for a $900 payday loan usually just takes minutes to complete. Your lender could then approve you as soon as several minutes or a few hours after you submit the application. Providing correct information and prompt documentation will help prevent approval slowdowns.

Getting your money deposited, however, can take longer depending on your lender and application submission time. The best lenders deposit the money on the same day, but others can take up to three business days.

What Should I Consider Before Applying for a Payday Loan?

Before starting the application, make sure you have the right information and documentation for a smooth process. Check that you also meet the lender’s requirements and that they offer the loan amount you need. Plus, research the lender to make sure they’re legitimate.

Since payday loans have high interest rates and short due dates, consider whether you’re comfortable with the added costs and payback deadline. If you have doubts, you might pursue other options such as getting a regular personal loan or borrowing funds from a family member or friend.

How Can You Get a 900 Dollar Loan Right Now?

The easiest way to get a $900 loan right now is to apply through an online payday lender that offers same-day direct deposit. You can provide the information your lender requests, upload documents, submit the application, and wait for a quick approval decision. If approved, check that you agree to the loan terms to move forward and have your $900 deposited quickly.