Fast Online Payday Loan [ PASADENA ]
Possible types of loans:
- $100, $200, $300, $400, $500, $600, $700, $800, $900, 1000 dollars are emergency payday loans in Pasadena California USA, which are issued for a period of 1, 2, 3 or 4 weeks (until your next salaries).
- $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000 – Pasadena, CA installment loans that can be taken out for terms of up to 2 years (most often 1, 6, 9, 12 or 3 months).
To get fast online cash advances (payday or personal loans, short-term loans, fast cash) with instant approval in Pasadena, CA, USA, use our simple 5-minute application form! The money will be credited to your bank account within 24-48 hours (or faster) after approval.
Cash Advance Near Me :: Pasadena California Direct Lenders (list of offline stores and agencies nearby)
| Company | Address | Phone |
|---|---|---|
| Oportun | 1281 N Lake Ave, Pasadena, CA 91104 | +1 626-773-8753 |
| Lendmark Financial | 1272 E Colorado Blvd, Pasadena, CA 91106 | +1 626-578-1535 |
| Crown City Loan & Jewelry | 65 E Colorado Blvd, Pasadena, CA 91105 | +1 626-793-5404 |
| Swift Title Loans | 545 N Fair Oaks Ave #31, Pasadena, CA 91103 | +1 626-699-8249 |
| Capital Car Title Loans | 279 S Rosemead Blvd, Pasadena, CA 91107 | +1 626-658-3454 |
| In & Out Cash | 328 S Rosemead Blvd, Pasadena, CA 91107 | +1 626-585-1941 |
About Short-Term Loans in Pasadena California
Minimum Requirements for a Cash Advance (Small Loan) in Pasadena
The California Department of Financial Protection and Innovation (DFPI) sets the rules for all licensed lenders in the state. This means the requirements are consistent whether you apply at a storefront on Colorado Boulevard or with an online lender serving the Pasadena area. To qualify for a small cash advance, you will typically need to meet the following criteria:
- Age and Residency: You must be at least 18 years old and a legal resident of the United States. You will need to provide a valid, government-issued photo ID, such as a California driver’s license or state ID card, to verify your identity and age.
- Proof of Income: This is the most critical factor for lenders. You must demonstrate that you have a reliable source of funds to repay the advance. Lenders will ask for documentation such as recent pay stubs, bank statements showing direct deposits from an employer, or, if you are self-employed, tax documents or bank records. Some lenders may also accept consistent government benefits (e.g., Social Security) as qualifying income.
- Active Bank Account: You must have an active checking account in your name. The lender will request your account and routing numbers, often by asking for a voided check. This account is used to deposit your funds and is also how the lender will electronically withdraw the repayment on the due date.
- Contact Information: You will need to provide a working phone number and a valid email address. Lenders use this to verify your application and communicate important information about the loan.
A key feature of these cash advances is that lenders generally do not perform a traditional credit check. Your approval is based on your income and bank account status, making them accessible to individuals with poor or no credit history.
Terms and Costs of Quick Cash Advances in Pasadena, California
California state law provides strict consumer protections and clearly defines the terms and costs of these loans. It is crucial to understand these details to fully grasp the financial commitment you are making.
- Maximum Loan Amount: The highest amount a licensed lender can offer for a single payday loan is $300.
- Fees and Finance Charges: The law permits lenders to charge a maximum fee of 15% of the amount of the cash advance. For a $300 loan, this translates to a maximum fee of $45. This fee is the cost of borrowing the money and is due in full along with the principal on your repayment date.
- Annual Percentage Rate (APR): When this fee is annualized, the true cost becomes clear. A $45 fee on a $300 loan taken out for a two-week period results in an APR of 460%. This extremely high interest rate is why these advances are intended only for short-term emergencies and not for long-term use.
- Loan Term: The term of the loan is designed to be very short, typically lasting until your next payday, usually within 2 to 4 weeks. By law, the term cannot exceed 31 days.
- Borrower Rights and Protections:
- Right to Cancel: You have the legal right to cancel the loan at no cost by the end of the next business day by returning the full principal amount to the lender.
- Extended Payment Plan (EPP): This is a critical protection. If you cannot repay the advance when it is due, you have the right to request an Extended Payment Plan from your lender at no additional charge. This plan allows you to pay back the loan in a series of installments. You are entitled to one EPP per 12-month period.
- No Criminal Action: A lender cannot threaten you with criminal prosecution for non-repayment; failure to repay is a civil matter.
