Payday Loans Raleigh NC – 0% APR Cash Advance Alternative From MoneyLion


Looking for a little bit of cash to hold you over for the next few months? You wouldn’t be the first to go in the direction of payday loans. But if you live in Raleigh, NC, payday loans are strictly prohibited.

Although, this good news hasn’t stopped illegal lenders from operating outside of North Carolina online and targeting distressed borrowers. Most of which charge triple-digit APR!

Not to worry, there are alternatives to payday loans if you’re in need of cash now. 

Read on to learn about how you can obtain small loans around Raleigh and figure out what’s best for you. 

How To Get Payday Loans in Raleigh

Even though payday loans are illegal, online lenders continue to falsely advertise themselves around Raleigh and North Carolina. Since 2010, the North Carolina Justice Center won 3 class action lawsuits against payday lending companies.

Safer short-term installment loans are available, even for those with less-than perfect credit scores. Lets’ take a closer look at alternatives to payday loans and what you should expect when applying.


Max Advance Amount: $250

APR: 0%

Credit Affects: None

Ever been in a situation where you’re just barely short on cash? MoneyLion created Instacash to eliminate the stress over those embarrassing last-minute cash shortages. 

Instacash offers a 0% APR advance on the money you haven’t received yet but already worked for. It’s available to use when you have a RoarMoney account and link your checking account. Pay a small fee for turbo delivery and get your money within seconds! No credit check and no hidden fees!

How to Qualify: 

  • Must be 18
  • Prove steady Income or deposits 
  • Provide bank account that has been open for 60 days or more
  • Your bank account must have a positive balance 

In-Person Lender

Max Payday Loan Amount: $10,000

APR: Up to 36%

Credit Affects: Potentially, some small-dollar lenders don’t require a credit pull, but they’ll report late or missed payments.

Each lender’s rules vary, but most licensed small-dollar loan lenders required a few requirements. This option is better than most payday loan offers however, you could still pay as high at 36% APR. 

Lastly, stay clear of illegal online lenders charging triple digit APR, these are difficult to spot if your unaware of local laws. Eligibility can vary from lender to lender, take a look below at the most common requirements. 

How to Qualify: 

  • U.S citizen or permanent resident of U.S
  • Must be 18 or older
  • Proof income either by job or self employment, some lenders allow government benefits
  • Valid physical address, phone number and email address 
  • Active checking account with direct deposits 

Instant Loan Options in Raleigh

Emergencies happen, and sometimes a small advance doesn’t cover it. MoneyLion has your back when it comes to low APR affordable loans. 

Credit Builder Loan

Loan Amount: You could qualify for up to $1,000

Credit Affects: The average Credit Builder Loan user can boost their credit score by 60 points in 60 days!

Credit Builder Loans are geared toward people with low credit or those who haven’t established credit borrow without high-interest rates. 

A safer alternative to predatory loans, you can access up to $1000 with competitive interest rates without a hard credit pull. Over 12 months you’ll pay back your loan with auto-pay and boost your credit simultaneously!

How to Qualify:

  • Must be 18 years old
  • U.S citizen or permanent resident of the U.S
  • Social Security number
  • Provide a form of payment either by bank account, credit card, or prepaid debit card

What’s Included?

  • Loan up $1,000 with instant approval
  • Weekly credit updates – watch your score grow!
  • Credit improvement up to 60 points in 60 days
  • Exclusive Instacash benefits
  • 12-month loan term with affordable payments
  • Credit Reserve Account that holds some of your funds and earns interest while you pay off your loan. 

Learn more about qualifying for a Credit Builder Loan here

Comparing Alternative Payday Loans in Raleigh NC

Take look below at your options for payday loans around Raleigh and compare rates.  

InstacashCredit Builder LoanSmall-Dollar Loan
How Much Can You Borrow?$250$1,000$10,000
Fees & InterestFree to Access
0% APR
Competitive APR
$19.99/month fee
36% Cap
Impacts Your Credit?NoYes, it builds your credit score. Yes, derogatory payments could hurt your score.
AvailabilityOnline & MobileOnline & MobileIn-Person
Wait TimeInstantly*InstantlySame-Day
Next StepsSign UpSign UpFind A Local Lender

Say Goodbye To Risky Payday Loans!

Predatory payday loans are a thing of the past––borrow smart with MoneyLion! A RoarMoney account from MoneyLion is your one-stop for all your banking needs. You can swipe your virtual card and earn cashback rewards that’ll deposit into your investment account. 

Download the mobile app and monitor your credit, track your spending, and get paid up to two days early-– all from the palm of your hand! 

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Build your credit and save

Join Credit Builder Plus to get a loan up to $1,000, credit monitoring, exclusive rewards, access to 0% APR cash advances, and more. Over half of members raise their credit over 60 points within 60 days!

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