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$400 Payday Loan: Fast, Reliable Financial Aid for Urgent Situations

Explore our vetted options for $400 payday loans, tailored for those with a 400 credit score or bad credit. With no telecheck and no credit check requirements, our list of direct lenders ensures you get the financial assistance you need swiftly and securely.
Offers: 2
Best Quick Loan Today 28.02.2024*
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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
100.00 – 2000.00 $

Effective interest rate on the product

0.05 – 2.50 %

Loan term for the financial product

5 days – 3 months
Submit One Loan Application Online!
Submit One Loan Application Online!

Use our quick loan matching system with a free credit check!

Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

(20 Ratings)
Recommended FinScore™

Effective interest rate on the product

from 4.00 %

Loan term for the financial product

to 1 months
$400 Payday Loans Calculator of February 2024

Utilize our Payday Loans Calculator for precise estimates on potential loan amounts, interest rates, and repayment plans in the U.S. An indispensable tool for your short-term borrowing needs.

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The Legal Status of Payday Loans in the USA

A payday loan is an expensive short-term financial solution. Some lenders call it cash advance. Typically, a borrower repays it on their next payday. We recommend getting payday loans only to cover unexpected expenses and emergencies. Each state regulates payday lending to protect its residents from predatory lending. Payday loans amount, interest, and fees must not exceed the value under your state law. More

The application process was a breeze, and I received a response within minutes. This straightforward and prompt procedure proved to be a great help to me during a crucial time of need.
JG Wentworth
The assistance I received was exceptional. My representative handled my case with care and provided all the necessary information...
OneMain Financial
The loan application process was straightforward, and the representative I interacted with displayed patience, provided informative answers, and was quite pleasant throughout...
My Funding Choices
The process was swift and straightforward, which was particularly helpful during a time when, despite my reluctance to seek assistance, I genuinely needed help.
Plain Green Loans
The interest rate is shockingly high, and it feels like taking advantage of individuals facing financial challenges when unexpected expenses arise...
Advance America
I have never encountered any issues with this company. They consistently deliver funds on time, and the repayment process is straightforward...
$400 Payday Loan: Fast, Reliable Financial Aid for Urgent Situations

What are $400 payday loans?

A $400 payday loan is a brief financial arrangement designed for individuals facing immediate cash needs. These loans offer a small-dollar cash advance, typically to be repaid on the borrower's upcoming payday or within a few weeks. One of the advantages of payday loans is their simplified application process, which involves less paperwork compared to traditional bank or credit union loans.


  1. Short-Term. Payday loans are short-term financial instruments, typically requiring repayment within a few weeks or by the borrower's next payday. These loans are not intended for long-term borrowing needs and should be used for immediate, short-duration financial challenges.
  2. Quick Approval. Payday loans commonly feature a streamlined application process when compared to traditional loans. Lenders typically set minimal requirements, and the approval process is often swift, enabling borrowers to access funds promptly.
  3. Fast Disbursement. Upon approval, payday loan funds are usually swiftly disbursed, often within a day or even mere hours. This rapid turnaround time stands as one of the primary advantages of payday loans.
  4. Higher Interest Rates and Fees. Payday loans are notorious for their elevated interest rates and associated fees. The annual percentage rate (APR) for these loans can be substantially higher than that of alternative credit options. It is crucial to have a comprehensive understanding of the complete cost of borrowing, encompassing all applicable fees and charges, before committing to a payday loan.

Pros and cons


Quick Access to Cash. These loans provide speedy access to funds when you're in urgent need.

No Collateral Required. You won't need to put up assets as collateral.

Convenient Application Process. Many lenders offer online applications for added convenience.


High-Interest Rates. High-interest rates are characteristic of payday loans, setting them apart from traditional lending options. Borrowers should be aware that the convenience of payday loans is accompanied by these elevated interest rates.

Short Repayment Period. You'll need to repay the loan on your next payday, which can be challenging for some borrowers.

Potential Debt Cycle. If not managed carefully, payday loans can lead to a cycle of debt due to their short-term nature.

How to get a $400 payday loan?

Apply For a Loan

  1. Research and Select a Reputable Lender. Begin by identifying trustworthy payday loan providers in your vicinity or online. Conduct thorough research, peruse customer reviews, and compare crucial factors like interest rates, fees, and terms. Choose a lender that aligns with your specific financial requirements.

  2. Fulfill Basic Requirements. Payday lenders typically have fundamental eligibility criteria that applicants must meet. While these prerequisites may differ, they often include being at least 18 years old, having a stable income source, and maintaining an active bank account.

  3. Compile Essential Documentation. Prepare the necessary documents required for the loan application process. These commonly include proof of income, such as pay stubs or bank statements, identification documents like a driver's license or passport, and proof of your current address, typically through a utility bill.

  4. Submit Your Application. Apply for the payday loan either online through the lender's website or in person at a physical location. Ensure that your loan request form is complete and accurate, including all requested information and supporting documentation.

  5. Carefully Examine and Accept the Loan Terms. After submitting your application, meticulously review the loan terms provided by the lender. This should encompass details such as the loan amount, repayment duration, interest rates, fees, and any other pertinent terms. Make sure you comprehend the total cost of borrowing and your obligations for repayment.

  6. Authorize Payment Deductions. In the event your loan application is approved, you will generally need to authorize the lender to automatically deduct the loan amount, fees, and interest from your designated bank account on the agreed-upon due date.

  7. Receive Your Funds. Once your loan request has been approved, the lender will proceed to transfer the funds to your bank account. The disbursement process may vary, but it is often expedient, with funds becoming available within a day or even hours.


  1. Age and Domicile. Generally, you need to be a minimum of 18 years old and reside in the particular country or state where the payday loan is available.

  2. Verification of Income. Lenders typically mandate proof of a consistent income source. This verification can take the form of pay stubs, bank statements displaying regular deposits, or other documentation that establishes your capacity to repay the loan.

  3. Employment Status. Some lenders may stipulate that you hold employment or have a regular income originating from a job. Alternatively, certain lenders may accept alternative income sources, such as government benefits or self-employment earnings.

  4. Bank Account. Generally, you will need an active bank account in your name. This account serves as the destination for depositing the loan funds and the channel through which the lender usually deducts the repayment amount.

  5. Identification. It is typically required that you furnish a valid form of identification, such as a driver's license, passport, or state-issued ID card.

  6. Contact Details. Lenders may necessitate your contact information, including your phone number and email address, to facilitate communication during both the loan application and repayment phases.


  1. Interest Rates. Payday loans often come with high-interest rates, which can significantly increase the overall cost of borrowing. It's essential to know the exact interest rate you'll be charged and how it will impact your repayment.
  2. Repayment Period. Payday loans are typically short-term loans, and you are expected to repay the borrowed amount, along with fees, on your next payday. Ensure you can comfortably manage this repayment within your budget.
  3. Fees and Charges. In addition to interest rates, payday lenders may impose various fees and charges, including origination fees and late payment fees. Carefully review the loan agreement to understand all the associated costs.
  4. Credit Check. Although payday lenders may not engage in an extensive credit check, they might still carry out a rudimentary assessment of your credit history. Nonetheless, payday loans are frequently accessible to individuals who possess poor credit scores or lack a credit history.
  5. Loan Repayment Method. Payday lenders typically require you to authorize automatic withdrawals from your bank account to repay the loan. Ensure you have the necessary funds in your account on the due date to avoid additional fees.
  6. State Regulations. Payday loan regulations vary by state, and some states may have stricter rules than others. Familiarize yourself with the laws in your state to understand your rights and protections as a borrower.

Best places to get a $400 loan today 28.02.2024

Check Into Cash

Apply For a Loan

Check Into Cash is a reputable payday loan company that has a strong presence, both online and through physical storefronts, spanning numerous states. They extend payday loans, including options for $400 loans, with amounts reaching up to $1,000. Furthermore, they offer the convenience of same-day, in-store cash disbursement or next-business-day funding for online applications.Check Into Cash

Cash Central

Apply For a Loan

Cash Central is another reputable direct lender that provides payday loans with a straightforward application process. They offer a quick online application, and if approved, you can expect to receive your funds promptly. Cash Central also provides resources and educational materials to help borrowers make informed financial decisions.Cash Central

Check City

Apply For a Loan

Check City is a payday loan lender with a focus on providing fast financial solutions to individuals facing short-term cash needs. They offer online applications and have physical store locations in multiple states. Check City is known for its responsive customer service and efficient loan processing.Check City

ACE Cash Express

Apply For a Loan

ACE Cash Express stands as another reputable direct lender that presents a range of financial solutions, including payday loans and installment loans. Their extensive network encompasses both online and physical store locations across numerous states. Loan amounts span from $100 to $1,500, providing flexibility to borrowers. You can opt for online applications or visit a store to complete the application process.ACE Cash Express

Speedy Cash

Apply For a Loan

Speedy Cash is a lending institution that offers a diverse array of financial products, encompassing payday loans, installment loans, and more. They extend payday loans with values reaching up to $1,500 and maintain a presence through both online and brick-and-mortar store locations. The application process is straightforward, and you have the convenience of choosing to have funds deposited directly into your bank account or picking them up at a physical store.Speedy Cash

Advance America

Apply For a Loan

Advance America is a well-established payday loan lender recognized for its wide network of physical store locations dispersed throughout the United States. They provide payday loans ranging from $100 to $1,500, which includes options for $400 loans. You have the flexibility to apply either in-store or online, with funds typically becoming available within a single business day.Advance America

Ways to receive the money

  1. Direct Deposit. Most payday loan lenders prefer to electronically transfer the approved loan amount directly into your bank account. Once your loan is approved, you can anticipate the funds to arrive in your account within a day, often within hours.

  2. Cash Pickup. Some lenders, especially those with physical storefronts, provide the option to receive loan funds in cash. With this choice, you visit the lender's location in person to collect the money.

Things to pay attention to

  1. Credible Lender. Select a trustworthy payday loan provider by conducting a thorough evaluation. Investigate the lender's history, review feedback from customers, and verify their compliance with local regulations and licensing requirements. Exercise caution when dealing with predatory lenders who may enforce unjust terms or employ misleading tactics.
  2. Loan Terms and Conditions. Before committing to the loan, carefully examine and understand the loan's terms and conditions. Pay close attention to critical elements such as the loan amount, repayment duration, interest rates, fees, and any supplementary charges. Ensure that you have a clear comprehension of the overall cost of borrowing and that it harmonizes with your budget and capacity for repayment.
  3. Interest Rates and Fees. Give meticulous consideration to the interest rates and fees linked to the payday loan. Gain a comprehensive understanding of the Annual Percentage Rate (APR) to gauge the comprehensive borrowing cost. Conduct a comparative analysis of rates and fees across various lenders to pinpoint the most budget-friendly choice. Stay vigilant for concealed charges or fees that might be embedded within the loan agreement. Scrutinize the loan contract meticulously and seek clarification from the lender regarding any perplexing or ambiguous terms. Transparency plays a pivotal role in averting unforeseen financial burdens.
  4. Impact on Credit Score. Comprehend the potential repercussions of a payday loan on your credit score. While payday lenders may not necessarily examine your credit score for approval, it's crucial to recognize that defaults or delayed payments could still be reported to credit bureaus, potentially impinging on your creditworthiness in subsequent financial endeavors.

How to repay a $400 payday loan?

  1. Automatic Bank Withdrawal. This is the most prevalent repayment method. When you obtained the loan, you likely granted the lender permission to automatically deduct the loan amount, fees, and interest from your bank account on the due date.

  2. Manual Bank Payment. Some lenders may necessitate you to initiate repayment manually, which can be done through online or mobile banking or by visiting a physical branch. They will supply you with the essential payment details, including their account number and any required reference number or code.

  3. Debit Card Payment. Certain payday lenders accept repayment via debit card. You may need to furnish your debit card details and authorize them to charge the repayment amount on the due date.

  4. Extended Repayment Plan. In situations where repaying the loan in full on the due date is unfeasible, you may have the option to request an extended repayment plan. This permits you to settle the loan through smaller installments over an extended timeframe.


Apply For a Loan

  1. Payday alternative loans (PALs) are offered by credit unions and are a much more affordable option compared to loans by traditional lenders. They typically have lower interest rates and more extended repayment terms, making them a suitable choice for those looking to avoid the high costs associated with payday loans.

  2. Credit builder loans are designed to help individuals with poor or no credit history build or rebuild their credit. You borrow a small amount, and as you make on-time payments, your credit score improves. Credit builder loans are available through credit unions and online lenders.

  3. Secured loans require collateral, such as a savings account or a valuable asset, to back the loan. Because of the collateral, these loans often come with lower interest rates and more favorable terms. They are an excellent option if you have assets to pledge.

  4. Installment loans are available from both traditional and online lenders. They offer a fixed repayment schedule with equal monthly payments, which can make budgeting more manageable. These loans are suitable for larger sums of money and often have more competitive interest rates compared to payday loans.

Editorial opinion

When it comes to $400 payday loans, it's crucial to approach them with caution and a clear understanding of the associated risks. While these loans can offer a quick solution to pressing financial needs, they often come with high interest rates and short repayment periods. Borrowers should carefully evaluate their financial situation before considering such loans and explore alternative options that may be more affordable and sustainable. One of the primary concerns with payday loans is the potential for borrowers to fall into a cycle of debt. Due to the short-term nature of these loans and the high cost of borrowing, it's easy to find oneself borrowing repeatedly to cover previous loans, leading to a never-ending cycle of repayments. This can strain your finances and make it challenging to break free from the payday loan cycle. Additionally, payday loans may not be the best choice for those with limited financial stability. The high interest rates and immediate repayment requirements can put significant stress on your budget. We recommend exploring alternatives like credit union loans, credit builder loans, secured loans, or other credit products that offer more favorable terms and can help you establish or rebuild your credit more sustainably. In conclusion, while $400 payday loans can provide a quick financial fix, their high costs and potential for debt accumulation make them a risky choice. Borrowers are encouraged to explore alternative credit products and financial solutions that align with their long-term financial goals and provide more affordable options. It's essential to make informed decisions that support your financial well-being and avoid falling into a cycle of debt that can be challenging to escape.


Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
  3. Carefully review all the terms and conditions of your payday loan contract.
  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.


At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

Additional resources

To learn more about online payday loans and best practices, check out some of the following resources:



Can I get a $400 loan online?

Yes, it is possible to obtain a $400 loan online. Many lenders, including payday loan providers and online personal loan companies, offer the convenience of applying for loans through their websites. Online applications typically make the process faster and more accessible, allowing you to submit your loan request and required documents electronically. However, approval and terms may vary depending on the lender and your creditworthiness, so it's essential to research lenders and their specific requirements to find one that suits your needs.

Can I get a $400 loan with bad credit?

Yes, you can typically get a $400 loan with poor or bad credit. Many payday lenders and some online personal loan providers do not rely heavily on credit scores for approval. Instead, they consider your ability to repay the loan based on your income and other factors. While bad credit may limit your options and result in higher interest rates, some lenders specialize in serving bad credit borrowers. Be sure to compare terms and shop around to find a lender that offers reasonable rates and repayment terms that work for you.

Can I get same-day $400 payday loans online?

Yes, it's possible to get a same-day $400 payday loan online from certain lenders. Many payday loan direct lenders prioritize quick loan processing and offer same-day funding to approved applicants. However, the availability of same-day funding may depend on the time of day you apply and the lender's specific policies. To increase your chances of receiving funds on the same day, complete the online application accurately and promptly and provide any required documentation. Additionally, consider applying during the lender's business hours to expedite the loan approval and disbursement process.