Online Payday Loans in Georgia – 0% APR Alternatives

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While payday loans are not legal in the state of Georgia, there are still some other options to get a cash advance or small, short-term loan. One of those options is installment loans. 

An installment loan is repaid over time with a specific number of scheduled payments agreed upon by the lender and borrower. They have average APR rates but can be riddled with hidden fees. Learn how you can still get a cash advance with a 0% APR and little to no fees.

Options For Payday Loans in Georgia 

Installment loans are regulated at the state level; therefore, they have specific requirements and legal obligations. With loan agencies littered across the state of Georgia, you can apply to obtain an installment loan at any of those locations. 

Credit Central is one loan agency that offers installment loans to Georgia residents. The installment loan application takes around 3 hours to complete once the application is received. From there, you repay the loan in monthly installment payments that fit your budget.

What’s alarming, though, is that they don’t disclose interest rates on their website, which is a strong indicator that they’re higher than average. You can take a look at the requirements and qualifications for an installment loan through Credit Central:

Requirements – You have to be at least 18 years old to take out any loan in Georgia but with installment loans, bad credit is accepted. 

Credit Affects – Installment loans get reported to the 3 main credit bureaus so if you make late payments or miss some altogether, your credit will be impacted negatively. 

Stipulations – There’s no minimum on how many installment loans you may receive in a time period or how often you can get them.

Max Loan Amount – The maximum installment loan amount in Georgia is $5,000. The minimum is $1,000. 

Penalties – Georgia’s minimum installment loan term is between 90 days and 36 months with a maximum APR of 225%.

Cash advances still seem to operate in Georgia, but their websites have little to no information about fees and payment schedules. Be wary of operations that aren’t up-front about their lending terms; this is usually a red flag for seemingly high-risk loans. 

Payday Loan Alternatives in Georgia 

In lieu of an installment loan and high APRs, you can explore options with MoneyLion where you’ll pay little to nothing in interest and fees but still receive your cash advance or loan. 


Instacash cash advances are available to anyone who has an active checking account that has been open for at least two months and shows consistent income deposits. You can qualify for up to $250 on a recurring basis.

Not only is Instacash 0% APR (that’s totally interest free), but if you opt to receive your cash within 24-48 hours, delivery is also free. It’s under $5 if you want instantaneous delivery of funds. Compare that to an installment loan lender like Greenlight Cash, and you can see just how much you could be paying back with some of the predatory lenders out there.

Credit Builder Loans

In addition to Instacash, MoneyLion also offers a Credit Builder Loan. The Credit Builder Loans aims to provide you with access to zero-interest cash advances and a loan up to $1,000 at rates from 5.99% APR to 29.99% APR depending on where you live, while also helping you build your credit score. It works like this:

  • Become a MoneyLion Plus member
  • Apply for your loan amount (up to $1,000)
  • Make your monthly payments

When you make your payments, MoneyLion reports your standing to all 3 credit bureaus, improving your credit score. More than half our members raised their score by up to 27 within 60 days with a Credit Builder Loan.

Compare your lending options in Georgia

Loan SourceLoan AmountAPRFeesRepayment Amount
Payday Lender/Installment Loan$1,000*6.63% – 225%$300$1,307.18 – $1,543.75
Credit Builder Loan$1,0005.99% APR to 29.99%$19.99 monthly membership fee which includes Instacash and moreVaries based on your agreed interest rate and the total you are approved for.
Instacash$2500%$0 – $4.99$250 – $254.99

*The minimum installment loan in Georgia is $1,000

MoneyLion, The Safer Alternative to Installemt Loans

MoneyLion’s options can be a better, financially safer alternative to installment loans. Installment loans and lenders with a high APR are often deemed predatory due to their unrealistic repayment options. 

Through MoneyLion’s Instacash and Credit Builder Loans, you’ll be able to build your credit and get situated with a cash advance. Remember, never borrow more than you can afford to pay back.

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Enjoy Instacash advances up to $250. No credit check, no monthly fee, no interest. Just cash.

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