SpeedyCash is a direct lender that offers a wide selection of financial services both online and at its brick-and-mortar locations. The company is based Wichita Kansas, but has offices and is licensed to operate in states throughout the West and Midwest. As well as payday loans, which are its main product, SpeedyCash offers lines of credit, title loans, installment loans, cash for gold and debit card loans.

How Does It Work?

To get a loan you must complete an online application form. If you are approved, choose how much you want to borrow up to your maximum loan amount. Once you electronically sign the documents you can either pick up the money from your closest office or request a bank transfer.

What Are The Rates?

Rates vary depending on the state you live in. This is because laws on short-term loans differ from state to state. A typical fee is $18 for every $100 you borrow. For instance, a $255 loan, has a $45 charge. This translates into a 460.08% APR for a 14-day term and 214.71% APR for the same loan with a 30-day term. The shorter the term, the higher the APR. In some states, such as Alaska, the charge is $15 per $100 borrowed, which gives you a 182.50% APR for a 30-day term. Installment loans are priced at around 180% APR.

How Much Money Can I Borrow?

Maximum loan amounts vary by state. Loans can range from $100 to $25,000.

What Is the Application Process Like?

As with most online payday lenders, the process is fast and easy to navigate. The application form requests information such as your address, phone number, place of employment, income, pay dates and checking account information. If your application is approved you can pick up the money immediately from a SpeedyCash office or, if you have one, get the funds loaded onto your Opt+ Visa Prepaid Debit Card. Otherwise you can have the money wired to your bank account.

How Is It Better Than Other Lenders?

SpeedyCash offers a selection of short-term products to choose from and you can choose between waiting for a bank transfer and getting your cash instantly by either picking up the cash from one of their offices or loading it onto a prepaid card. It is a direct lender and is licensed in all the states where it operates.

  • Max Loan Term (Months)
  • Institution Type
    Direct Lender
  • Credit Score Range
    300 - 640
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Only Individual Applications
  • Military Status
  • Minimum Age
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Verification Documents Required?
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Funding Time Range (in days)
    Up to 1
  • Payment Options
    Automatic Payments
  • Loan Amount
    $100 - $25000
  • APR
    131% - 521.42%
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