By: Jamie Johnson

Payday Loans Online in California (CA) | PaydayNow

If you reside in California, obtaining a payday loan is one way to receive cash to meet urgent financial requirements.

However, keep the fact that cash advances in California can be repaid up to $300 and are accompanied by steep fees and short time frames for repayment. The annual average percentage rate for payday loans in California is 372%, as per the California attorney general. And the maximum repayment term of 31 days.

If you require cash quickly, there is no need to take out payday lenders that charge high-interest loans. There are alternatives such as cash advance apps, payday alternative loans from federal credit unions, and personal loans offered by lenders that accept people with low credit scores.

These are our choices of the top alternatives to payday loans within California to choose which one might be the best for you.

Earnin: Excellent for Payday Loans with small amounts

You should know to think about Earning:

Earning is an application available for both Apple and Android users. Similar Payday loans in California let you get small amounts of money to pay for your next payday. 

Payday advances start at $100 per month and can increase as high as $500 if you keep using the application. When you utilize Earnin, the amount you take out will be automatically deducted from your bank account on the next payday.

There are no fees or interest No fees or interest

Contrary to payday loans,  in California which typically have high APRs, Earnin does not charge interest or fees on the amount you take out. Instead, it asks customers to offer optional “tips” when they receive cash. However, it isn’t an obligation for users to use the application.

Speed of funding 

With the application’s Lightning Speed feature, you can receive your cash within the day you request it. However, this feature isn’t accessible everywhere. 

If your bank does not allow Lightning Speed, the funds will likely be transferred into your account within one or two business days. However, keep in mind that there could be some delay between the time the funds are shared and you can access the funds.

Conditions for eligibility

To use the Earnin application, you must maintain a regular weekly, bi-weekly, or monthly payment schedule. 

A greater than 50 percent of your payment is required to be directly deposited into a single check account every payday. Also, you have to be at the same place each day or use timesheets online to keep track of your hours.


 After-tax and other deductions have been taken from your paycheck, you earn a minimum of $4 an hour. Be aware that when Earnin calculates your hourly wage, it uses only funds directly deposited into the account linked to the application. 

Commissions and tips that aren’t deposited into your checking account by direct deposit aren’t part of Earnin’s calculation.

NetCredit is a Good Option for Payday Loans with a Larger Amount: California

What you should know to think about NetCredit:

If you need an additional loan, NetCredit offers online loans to California residents, ranging from an initial $2,500 amount up to a maximum of more than $10,000. 

NetCredit conducts credit checks as usual when you apply; however, it says it considers other factors than credit scores before deciding on a loan. 

The company also provides financial education classes to aid you in improving your financial standing if you’ve experienced credit issues before.

High rates

 Because NetCredit is a lender for people with bad credit, its APRs are more significant than what traditional personal loans lenders charge, yet they’re less than the typical rates a payday loan charge you.


NetCredit doesn’t charge any application origination, insufficient funds, or costs in California. You won’t be charged any penalty for prepayment If you choose to repay the loan in advance. However, if you don’t pay payments within 15 days from the due date, you could be assessed a late fee of $15.

The ability to request Prequalification

 You can determine your eligibility to apply for a loan through NetCredit, without impacting your credit scores. If you’re approved and are eligible, you’ll be notified that includes your estimated rate and terms for the loan. 

If you decide to accept this offer, NetCredit will conduct a hard credit check that could affect your credit scores. Be aware that the terms of your request could alter after you have been prequalified.

Build credit

 NetCredit sends your payment directly to Experian and TransUnion -one of the major credit bureaus. This allows increasing your credit score with timely payments.

Klarna: Good for online purchases

The reason you might want to think about Klarna:

If you need to purchase something online and you’re in a pinch for cash, you might be able to utilize this Klarna Shopping app to purchase what you need right now and then pay in the future. 

If you use this Klarna shopping app with participating online stores, you’ll be able to access special deals as well as price drop alerts.

Three payment options

 You can make your purchase within 30 days or in four interest-free installments every two weeks or over a 6up to 36-month time frame. If you are planning to finance your purchase, Klarna checks your credit. This could cause an inquiry that is hard to complete, which could negatively impact your credit score.

Linking your account is required

 Before you can make a purchase, you need to connect your bank account credit or debit cards to your Klarna account.

Interest charges

Klarna does not charge interest on purchases if you pay over four installments. However, what you are owed will be charged to your debit card or credit card. 

Connect your credit card to your Klarna account but don’t pay the balance in time and thoroughly, you could incur interest charges from the bank or credit card provider. 

If you’re using a debit card that is not sufficient, you could be charged insufficient funds charges when there’s not enough cash on your bank account to pay the cost of your purchase. 


There’s no fee per year to make use of Klarna as well as you’ll not be charged a penalty for prepayment if you wish to settle the debt you owe before it’s due. 

If the attempt fails, it could charge you an additional late fee that can be as high as $7. Missed payment will be added to the payment due next. If you decide to finance the acquisition, you may end up in the pocket of up 35 to $35 in late charges.

MoneyLion: Great to build credit

The reason you might want to think about MoneyLion

 MoneyLion is an application that provides a small-dollar loan that can be up to a sum of $1,000, which offer you the opportunity to build credit. If you are approved for a credit-building loan.

MoneyLion reports your payments to the three main Consumer Credit Bureaus every month. You also receive daily credit monitoring from TransUnion and TransUnion so that you can observe how your monthly payments affect your credit score.

Based on your financial situation depending on your financial situation, you could be eligible to receive your entire amount of the loan upfront. 


For a credit builder’s loan via the MoneyLion application, you may enroll in the Credit Builder Plus subscription. The price of membership is $19.99 per month.

However, it is possible to earn reward points that make up the cost by logging in to your account and using the MoneyLion Visa debit card on purchases that exceed $10.

There is no credit screening

MoneyLion does not look at borrowers’ credit history to determine eligibility. The company analyzes the activities on your primary checking account. They decide if it’s appropriate they will make an offer for a loan.

Rate of interest

MoneyLion’s credit-builder loan has an annual percentage rate that ranges from competitive to high. And even the most costly APR is less than what you’d pay for a payday loan.

 In addition, you can pay back your loan anytime without having to pay the penalty for early repayment.

What we chose as alternative options for California Payday loans

We looked at more than 12 options for payday loans available in California. To determine our top options, we compare the interest rates, fees, eligibility requirements, loan amount, and other advantages. It includes the possibility of building credit and gaining access to financial, educational sources.


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Jamie Johnson is a freelance writer with a focus on business and finance who lives in Kansas City. She covers a wide range of personal finance themes, including credit card creation and construction, as well as personal and student loans. Her work has been featured in Business Insider, CO by the United States Chamber of Commerce, GOBankingRates, and Yahoo! Finance, in addition to contributing articles for PaydayNow.

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