Philadelphia Payday Loan – Applying for a Safe Payday Advance


Payday is around the corner, and you’re bank account is looking pretty low, so you’ve been eyeing a payday loan in Philadelphia. Payday loans are illegal in Pennsylvania, but some lenders still offer them. Countless Philadelphia residents have fallen victim to payday lending schemes, paying 400–1,000% in interest on short-term loans. 

Fortunately, you have legal options for borrowing money in Philadelphia. Learn more about your cash advance choices to understand why a Philadelphia payday loan is not recommended

How to Get a Cash Advance in Philadelphia

While Philadelphia payday loans are illegal, you can stay within the law and avoid paying interest with an Instacash loan. 


Max Advance Amount: $250

APR: 0%

Credit Affects: None

Instead of paying more than 400% interest on an illegal payday loan, you can get an interest-free cash advance with Instacash

MoneyLion deposits the money for free in your RoarMoney bank account or an external account. You can even get the money in an instant by paying a small fee. Either way, you only pay back the $250; nothing more. Because you don’t have to pay interest or fees, you won’t get stuck in a debt cycle. 

How to Qualify: 

  • Be 18 or older with a steady income or regular deposits.
  • Have a positive balance in an active bank account.
  • Have an account that’s been open for a minimum of 60 days. 

In-Person Lender

Max Payday Loan Amount: 20% of the borrower’s gross monthly income 

APR: 1,000% or higher 

Credit Affects: Payday lenders don’t check your credit or report on-time payments. If you are late or miss payments, they can report you to the credit reporting agencies. 

You cannot legally obtain an in-person payday loan in Philadelphia or the rest of the state. However, some lenders are willing to break the law to collect payments on high-interest loans. Do not obtain funding from an unlicensed lender. You should also never pay fees upfront for a loan or take out a loan that is due in one to two weeks. 

Lenders that offer Philadelphia payday loans should be avoided. They are breaking the law, and you can report them to the Department of Banking and Securities. 

Instant Online Loan Options in Philadelphia

You can legally take out an instant online loan and build your credit at the same time. 

Credit Builder Loan

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

Credit Affects: More than half our members raised their score by up to 27 points within 60 days!

Monthly Membership: $19.99/month

Unlike illegal payday loans that charge huge interest rates and put you in a cycle of debt, a Credit Builder Loan from MoneyLion is legal and affordable. You can borrow up to $1,000 and repay it with 12 affordable monthly payments. The interest rate is competitive, and there is no hard credit check. 

You’ll immediately receive some of the funds, and the rest will go into a Credit Reserve Account, earning interest while you make your payments. Then, when you make the last payment, you can access the reserve account, proving the saving really does pay off.

How to Qualify:

  • Be 18 or older 
  • Be a U.S. citizen or legal permanent resident 
  • Have a valid United States social security number 
  • Have a bank account to make payments on your loan

What’s Included?

  • A loan of up to $1,000 that you’ll pay off in 12 monthly payments 
  • Access to a weekly credit monitoring reports 
  • Credit Reserve Account that earns interest while you repay your loan 
  • The ability to increase your credit score by 60 points in 60 days 
  • Instacash benefits

Comparing Your Cash Advance Loan Options in Philadelphia

Compare your cash advance loan options in Philadelphia to determine which is the right choice for your financial needs. 

InstacashCredit Builder LoanIn-Person Payday Lender
How Much Can You Borrow?$250$1,000Normally $350
Fees & InterestFree
0% APR
Competitive APR, $19.99/month fee400% APR or higher
Impacts Your Credit?NoYes, it builds your credit scoreLate payments are usually reported
AvailabilityMobile Device
Apply any time
– Mobile Device- Apply any timeNot legal in the state, but illegal options are available in-person and online 
Wait TimeInstantly*InstantlyInstant access to a check or transfer, but availability depends on your bank 
Next StepsSign UpSign Up

Get Cash Fast with a Legal Loan

Even though payday loans are illegal, some unscrupulous lenders still offer them. The high interest rates will put you in a bind, and you might not be able to repay the loan. 

Avoid this problem with help from MoneyLion. You can choose Instacash or a Credit Builder Loan and even open a RoarMoney account to get more options. 

With your RoarMoney Mobile Bank account, you can get paid a full two days early and access weekly spend reports. 
Download the MoneyLion app today.

Sign Up
Sign Up

Get cash fast, pay no interest

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

Sign Up