Compare short-term loans in Los Angeles

You won’t have to look far to find a short-term lender in Los Angeles. But make sure whichever provider you go with is following the most recent laws if you plan on borrowing more than $2,500.

Can I get a short-term loan in Los Angeles, California?

Yes. Short-term loans are legal throughout California, and lenders in Los Angeles are able to offer them both online and in stores. Plus, thanks to recent regulations, larger short-term loans are now much more affordable.

Payday loans have some strict limits in California:

• Maximum amount: $300
• Maximum term: 31 days
• Maximum APR: 460% for a 14-day $100 loan
• Finance charge: 15% of the loan amount

You’re also able to borrow installment and auto title loans, and new laws have helped lower the cost. As of September 2019, the Fair Access to Credit Act prohibits lenders in California from charging more than 36% APR on loans between $2,500 and $10,000.

Short-term loan laws in California

Compare providers that offer short-term loans in LA

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Name	Product USFSL	Filter Values	Loan amount	Turnaround time	Requirements
Cleo Finder Score: 4.1 / 5: ★★★★★ Cleo Finder Score: 4.1 / 5: ★★★★★			Up to $250	3 to 4 days or instant for a fee.	Not stated	Automatically monitor your spending plus access cash advances up to $100 at a time.	Go to siteMore Info Compare	loading Fetching your data...
OppLoans Installment Loans Finder Score: 4.7 / 5: ★★★★★ OppLoans Installment Loans Finder Score: 4.7 / 5: ★★★★★			$500 to $4,000	As soon as the same business day	+18 years old, Receive paychecks through direct deposit, $1,500 minimum monthly income, Live in eligible state	Comes with the option to change your due date so you won’t fall behind on repayments.	Go to siteMore Info Compare	loading Fetching your data...
EarnIn Finder Score: 4.7 / 5: ★★★★★ EarnIn Finder Score: 4.7 / 5: ★★★★★			Up to $750 per pay period, but only $150 per day	1 to 3 business days or instant for a fee	Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work	No mandatory fees, no interest and no credit checks. Subject to EarnIn terms & conditions.	Go to siteMore Info Compare	loading Fetching your data...
Sorbet Not rated yet Sorbet Not rated yet			Based partially on the amount of your accrued & unused PTO	Up to 5 business days for approval and 5 business days for funding, or faster for a fee	18 years old or age of majority in your home state, annual income $30,000 a year, proof of income may be required, have a bank account supported by Sorbet	Tap your unused PTO for a cash advance so you can access that money early. Loans made by Lead Bank. Select Go to site for more info.	Go to siteMore Info Compare	loading Fetching your data...
Dave ExtraCash Finder Score: 4.2 / 5: ★★★★★ Dave ExtraCash Finder Score: 4.2 / 5: ★★★★★			Up to $500	Up to 3 business days or instant for a fee	At least two direct deposit paychecks to your bank account from your employer, extra money in your bank account	Borrow up to $100 to avoid hefty overdraft fees.	Go to siteMore Info Compare	loading Fetching your data...
LendYou Short-term Loans Finder Score: 2.5 / 5: ★★★★★ LendYou Short-term Loans Finder Score: 2.5 / 5: ★★★★★			Up to $1,000 for payday loans and up to $5,000 for installment loans	1 business day	$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+	Get offers from potential lenders in minutes by filling out just one online form.	Go to siteMore Info Compare	loading Fetching your data...
Fast5kLoans Short-term Loans Connection Service Finder Score: 0.2 / 5: ★★★★★ Fast5kLoans Short-term Loans Connection Service Finder Score: 0.2 / 5: ★★★★★			$100 to $35,000	As soon as the next business day	Regular source of income, Verifiable bank account, US citizen, Ages 18+	Get connected with multiple lenders you might qualify with — even if you have bad credit.	Go to site Compare	loading Fetching your data...
Fig Loans Installment Loans Not rated yet Fig Loans Installment Loans Not rated yet			$50 to $100, varies by state	As soon as the same business day	3 months of direct deposits, $1400 per month income, positive bank account balance	Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.	Go to siteMore Info Compare	loading Fetching your data...

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What do I need to apply?

To apply for a short-term loan in Los Angeles, you’ll need to be a legal resident of California and at least 18 years old. You’ll need to provide some basic personal information as well, including:

• Proof of income
• Proof of residence
• Copy of a government-issued photo ID
• Bank account information
• Social Security number
• Date of birth

Where to find short-term loan providers in Los Angeles

Short-term loan locations near me in Los Angeles, CA

Bottom line

You have a variety of short-term lenders to consider if you live in LA. And thanks to state regulations, APRs are capped at 36% for larger installment loans. To learn more about how it all works and compare even more lenders, check out our guide to payday loans.

Frequently asked questions

• Are lenders required to have a license in California?

  Yes. Every lender is required to have a license to offer loans to residents of California. The California Department of Business Oversight (DBO) recommends you confirm your lender’s license by visiting the California DBO website.

• Will I be able to get a short-term loan in Los Angeles if I live in another city?

  It depends. If you’re a legal resident of California, you’ll be able to take out a short-term loan throughout the state. If not, your state’s payday loan laws will determine whether or not you’re able to borrow.

• Do I need a job to qualify for a short-term loan?

  Not necessarily. Some lenders allow you to use your government benefits or pension as proof of income if you’re not employed.

Written by

Kellye Guinan

Writer

Kellye Guinan is a freelance editor and writer, specializing in consumer lending. Her writing and analysis has been featured on Bankrate, MSN and MediaFeed. She holds degrees in anthropology and German language and literature from Middle Tennessee State University. See full bio

Kellye's expertise

Kellye has written 130 Finder guides across topics including:

• Personal, business, student and car loans
• Credit scores
• Car financing
• Debt consolidation