What is a short-term loan?

A short-term loan is a type of loan that is typically repaid within a short period, usually a few weeks to a few months. These loans are designed to meet immediate financial needs and are often used in emergencies or unexpected situations.

Can I get a short-term loan with bad credit?

Yes, many lenders offer short-term loans to individuals with bad credit. Although the interest rates may be higher compared to those with good credit, these loans provide an opportunity for individuals to access funds when they need them most.

What are same-day loans?

Same-day loans are short-term loans that promise quick approval and funds disbursement, often within the same day of application. They are ideal for situations where you need immediate financial assistance and cannot wait for the traditional lending process.

How do short-term loans work?

Short-term loans are a type of short-term loan that is typically due on your next payday. Borrowers write a post-dated check for the loan amount plus fees or authorize an automatic withdrawal from their bank account to repay the loan.

What are the requirements for obtaining a short-term loan?

The requirements can vary by lender, but generally, you need to be at least 18 years old, have a steady source of income, and possess an active checking account. Some lenders may also require proof of identification and contact information.

What are the risks associated with short-term loans?

Short-term loans often come with higher interest rates and fees, which can lead to a cycle of debt if not managed properly. It's essential to read the terms carefully and ensure you can repay the loan on time before borrowing.

How can I apply for a short-term loan?

You can apply for a short-term loan online or in person at a lender's physical location. The application process typically involves filling out a form with your personal, financial, and employment information. After submission, you will receive a decision shortly, often within the same day.

Fast & Easy Best Online Short-term Loans in Mobile, AL

Best Online Short-term Loans in Mobile

Approved Cash

Loan agency

5.00

5 reviews

Apply Online View Details

Address: 135-C Schillinger Rd, Mobile, AL 36608

Today's Business Hours: 10:00 AM - 6:00 PM

Phone Number: +1 (251) 776-7044

Website: approvedcashadvance.com/locations/mobile

Services:

Business check cashing Business loans Installment loans Payday loans Signature loans Title loans Cash Advance Check Cashing Financial Services Home Loan Loan New Loan Payday Loans Small Loan Title Loans

Fast Time Tax Consultants, LLC

Financial institution

5.00

1 reviews

Apply Online View Details

Address: 2206 Airport Blvd #B, Mobile, AL 36606

Today's Business Hours: 9:00 AM - 6:00 PM

Phone Number: +1 (251) 479-4758

Services:

Accounting services Accounting support Business tax services Income tax return filing Income tax return preparation Irs problems consulting Notary signing services Tax planning Tax preparation Tax problem consulting All State Tax Filing Bookkeeping Business Tax Returns Cash Advance EZ Tax Filing Income Tax Loans Individual Taxes Latest Tax Law Notary Public Mobile Personal Tax Return Quarterly Taxes Sales Taxes Tax Concerns Tax Regulations Taxes Cash Advance Your Personal Tax

Cash-N-A-Dash

Loan agency

5.00

1 reviews

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Address: 5646 Old Pascagoula Rd # D, Mobile, AL 36619

Phone Number: +1 (251) 653-9191

Website: fastcash24.club

Always Money

Loan agency

Apply Online View Details

Address: 2952 Dauphin Island Pkwy, Mobile, AL 36605

Today's Business Hours: 9:00 AM - 6:00 PM

Phone Number: +1 (251) 478-8611

Website: alwaysmoney.com/locations/al/mobile/dauphin-island-parkway/84

Services:

Installment loans Payday loans Signature loans Title loans Auto Loan Confidential Loan Consumer Loans Online Loan Online Loan Application

Credit Central

Loan agency

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Address: 5253 US-90, Mobile, AL 36619

Today's Business Hours: 8:30 AM - 5:30 PM

Phone Number: +1 (251) 661-5194

Website: creditcentralllc.com

Services:

Business loans Income tax return preparation Installment loans Payday loans Account Servicing Online Loan Application Online Pay Online Payments Online Tax Preparation Quick Loans Tax Loans Traditional Bank Loans Vehicle Repairs

Advance America

Financial institution

5.00

10 reviews

Apply Online View Details

Address: 3180-B, Moffett Rd, Mobile, AL 36607

Today's Business Hours: 10:00 AM - 6:00 PM

Phone Number: +1 (251) 478-5894

Website: advanceamerica.net/store-locations/alabama/3180-b-moffett-rd-mobile-36607

Services:

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Advance America

Financial institution

4.40

10 reviews

Apply Online View Details

Address: 2501 Government Blvd #5, Mobile, AL 36606

Today's Business Hours: 10:00 AM - 6:00 PM

Phone Number: +1 (251) 476-2693

Website: advanceamerica.net/store-locations/alabama/2501-government-blvd-5-mobile-36606

Services:

Financing Flex loans Installment loans Line of credit Payday loans Signature loans Title loans 30 Days Loan Ach Loan Auto Repair Loans Bill Payments Christmas Loans Consumer Financial Services Consumers Loans Credit Counseling Credit Reporting Debt Management Dollar Loans Electronic Bank Emergency Loans Existing Loan Expanded Loan Farm Insurance Financial Services Financial Solutions Higher Loan Holiday Loans Home Improvement Home Loans In-Store Cash Advance Loan Applications Loan Payments Loan Processing Loan Refinancing Loan With No Credit Check Loans Grant Manage Loan Money Loans Money Orders Money Transfer Service Money Transfers Netspend® Visa® Prepaid Card New Loan No Credit Check Loans Online Bill Payments Online Cash Advances Online Lending Online Personal Loan Payment Plans Personal Finances Personal Loans For Bad Credit Prepaid Cards Quick Loan Quick Loans Refinance Loan Repayment Plan Security Online Account Authentication Fraud Prevention Short Term Loan Short-Term Lending Short-Term Loans Single Repayment Loan Small Loans Term Lending Terms Finance Unsecured Loans Vehicle Insurance

Tower Loan

Loan agency

2.30

4 reviews

Apply Online View Details

Address: 3654 Airport Blvd, Mobile, AL 36608

Today's Business Hours: 8:30 AM - 6:30 PM

Phone Number: +1 (251) 345-0940

Website: towerloan.com/branch/mobile

Services:

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Tower Loan

Loan agency

1.90

8 reviews

Apply Online View Details

Address: 951 Schillinger Rd N Unit F, Mobile, AL 36608

Today's Business Hours: 8:30 AM - 6:30 PM

Phone Number: +1 (251) 633-6334

Website: towerloan.com/branch/mobile-2

Services:

Alternatives to Short-term Loans in Mobile

Short-term loans are financial products designed to offer quick cash solutions for immediate needs. Personal loans are unsecured and can be used for a variety of purposes, often with a higher interest rate due to the lack of collateral. Installment loans allow borrowers to repay the loan in scheduled payments over a set period, usually with fixed interest rates, providing predictability in budgeting. Title loans are secured by the borrower’s vehicle, offering fast access to funds but risking asset loss if not repaid timely. Each type caters to different needs and risk levels, so it's crucial for borrowers to understand their terms before committing.

Best Personal Loan

Mortgage Team 1, Inc. (NMLS#39239)

5.00

10 reviews

Short-term loans offer quick financial solutions for various needs, and personal loans are a popular option within this category. Best personal short-term loans typically have lower interest rates compared to payday loans and can be used for a wide range of personal expenses such as medical bills, home repairs, or unexpected emergencies. They usually require a good credit score, but some lenders also accommodate individuals with fair or poor credit ratings by offering higher interest rates or requiring a co-signer.

Best Installment Loan

Liberty Tax & Loans

4.80

4 reviews

For individuals seeking installment loans, which allow the borrower to repay the loan in regular installments over an agreed-upon period, one of the best choices is often a secured installment loan. These loans might require the borrower to provide collateral, such as a car or savings account, which can result in lower interest rates compared to unsecured loans. Secured installment loans are particularly beneficial for borrowers who need a large sum of money and prefer the predictability of fixed payments, helping in budgeting and financial planning.

Best Car Title Loan

TitleMax Title Loans

5.00

83 reviews

Title loans are a short-term secured loan where the borrower uses their vehicle's title as collateral. These loans are typically available even to those with poor credit, but they come with high risks, like the potential loss of the vehicle if the loan is not repaid. Despite the risks, a reputable option for a title loan is TitleMax, which offers transparent terms and competitive rates compared to other title loan providers. TitleMax is known for its straightforward application process and efficient service, making it a suitable choice for those in urgent need of funds.

Loan Regulations in Alabama

Alabama's statewide regulations on short-term loans aim to protect borrowers while allowing them access to quick funds in a regulated environment. In the Heart of Dixie, short-term loan lenders are governed by the Alabama Deferred Presentment Services Act, which stipulates that the maximum loan amount a consumer can borrow is $500. The minimum loan term is set at 10 days, with the maximum term not exceeding 31 days, ensuring that loans are repaid promptly.

Interest rates in Alabama for short-term loans are capped by law, with a maximum APR (Annual Percentage Rate) that lenders are allowed to charge. Additionally, borrowers must be provided with clear and comprehensive terms before entering into a loan agreement, ensuring transparency and informed decision-making.

Eligibility for a short-term loan in Alabama typically requires the borrower to have a valid government-issued ID, proof of income, and an active bank account. Lenders also must follow strict guidelines regarding rollovers and are limited in the number of times a loan can be renewed.

Short-Term Loan Calculator

Loan Amount:

Loan Term:

day(s)

Interest Rate:

Origination Fee:

Estimated Payment

$327.12

Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Get Started

Where to Use Short-term Loan

For those who have secured a short-term loan, several local service providers offer essential support in critical areas. These funds can be directed towards medical expenses for unexpected health emergencies, car repair services to ensure reliable transportation, and legal services for any urgent legal matters. Additionally, the loan can assist with funeral costs during difficult times or cover the expense of necessary appliance repairs or replacements, helping maintain everyday conveniences.

Car Glass Replacement Shop

2906 Halls Mill Road, Mobile, AL 36606

+1 (251) 257-0643

Club & Association

2056 Doctor Martin Luther King Junior Avenue, Mobile, AL 36617

+1 (251) 338-9599

College/University

351 North Broad Street, Mobile, AL 36603

+1 (251) 438-2778

Community Center

1717 Dauphin Street, Mobile, AL 36604

+1 (251) 470-7740

Dentist

801 South University Boulevard, Mobile, AL 36609

+1 (251) 342-5323

Doctor

4211 Government Boulevard, Mobile, AL 36693

Fitness Club & Center

6345 Airport Boulevard, Mobile, AL 36608

+1 (251) 461-6998

Government Office

1809 Government Street, Mobile, AL 36606

+1 (251) 470-7727

Hospital

7020 Bruns Drive, Mobile, AL 36695

+1 (251) 639-1588

Hotel

5472B Inn Road, Mobile, AL 36619

Movie Theater

785 Schillinger Road South, Mobile, AL 36695

+1 (251) 639-1748

Museum

Dauphin Street, Mobile, AL 36602

+1 (251) 432-9796

Opera House

257 Dauphin Street, Mobile, AL 36602

+1 (251) 432-6772

Pharmacy

5679 Commerce Boulevard East, Mobile, AL 36619

+1 (251) 214-0035

Rent-a-Car Facility

Joseph Driveawns Drive, Mobile, AL 36608

+1 (844) 370-1079

Table of Content

Best Online Short-term Loans in Mobile
Alternatives to Short-term Loans in Mobile
Loan Regulations in Alabama
Short-Term Loan Calculator
Where to Use Short-term Loan

Best Online Short-term Loans in Mobile

Best Online Short-term Loans in Mobile

Alternatives to Short-term Loans in Mobile

Best Personal Loan

Best Installment Loan

Best Car Title Loan

Loan Regulations in Alabama

Short-Term Loan Calculator

Where to Use Short-term Loan

Table of Content

Short-term Loans by State

FAQ

What is a short-term loan?

Can I get a short-term loan with bad credit?

What are same-day loans?

How do short-term loans work?

What are the requirements for obtaining a short-term loan?

What are the risks associated with short-term loans?

How can I apply for a short-term loan?

Find Short-term Loans Near Me

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