How to apply for Alabama Payday Loans

When you are in need of quick money it feels really bad and you will naturally be looking for instant cash loan to help you cover urgent expenses. Online Payday Loans in Alabama come as the most convenient and easy type of financing with guaranteed approval. You are likely to get a payday loan from Alabama lending companies today even with bad credit!

123 Money Loans in Alabama

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All you need to know about Payday loans in Alabama (AL)

Let’s study the payday loan definition and meaning. Though the definitions are numerous and varied, the common meaning comes to a small $100 – $100 short term cash loan till the next paycheck. Alabama as all the other US states, has certain laws regulating payday lending. According to these rules, Alabama lenders can offer their products and services online or in-store at their locations. In order to obtain a fast Payday Loan in Alabama, you need to know a few facts. Read further to find them out.


Alabama Payday Loan benefits with 123 Money Loans

The popularity of payday loans among Alabama residents is constantly growing nowadays. They remain the most convenient cash loan solution for emergency needs. The most important advantage of short-term loans in Alabama is their high availability for any resident of the state. The other benefits include:

  • A simple 24/7 online application
  • Fast approval within a few minutes
  • No hard credit check is required
  • No faxing, no paperwork, no waiting in lines
  • Bad credit or no credit are not a problem
  • No collateral is required
  • Quick same day financing
  • No hidden fees

If you are still in doubts, don’t even hesitate – start your online Payday Loan application now and get your money today!

Alabama short-term lending laws and regulations

Applying for Payday Loans in Alabama, you should check your rates at first and find out if you qualify for the necessary amount:
It’s recommended to use a free Online Payday Loan Calculator to find out the loan cost with the APR, interest rates, finance charges, and other fees. The average Annual Percentage Rate (APR) in Alabama is about 300.00%. So, if you borrow a $100 loan, you should expect to be charged $111.85 total loan cost. Maximum terms of Alabama Payday Loans are 10 day(s) – 31 day(s). Sometimes, you can find a 3-month Payday Loan if you consider longer terms more convenient.

MIN Loan Amount$100
MAX Loan Amount$500
MIN. Loan Term10 day(s)
MAX. Loan Term31 day(s)
MAX APR456.25%

Consumer Protection in Alabama

Regulator: Alabama State Banking Department
Address: 401 Adams Ave #680, Montgomery, AL 36104-4350; P.O. Box 4600, Montgomery, AL 36103-4600
Regulator’s Website:

Which Alabama residents qualify for online Payday Loans

In Alabama, it’s rather easy to qualify for a Payday Loan. You just need to meet the lender’s requirements:
• Be at least 18 years old or over.
• Be a legal resident of Alabama.
• Provide a proof of a stable monthly income of at least $1,000.
• A valid phone number and email.
• No bankruptcy or military service.


Do you meet all these eligibility criteria? Then you’ll have no problems in getting fast Payday Loan in Alabama even with bad credit.