Find the Best Payday Lenders in Omaha, NE

Payday lending is illegal and unavailable to consumers in some states. Payday loans usually have very high interest rates and carry risk. As with any loan, consumers should have a clear understanding of the fees, terms and conditions of any payday loan before borrowing.

How to get a payday loan in Omaha

Nebraskans took out nearly 570,000 payday loans in 2017. In Omaha, you can borrow up to $425, using a check as collateral, for a maximum 34-day term.

Payday loans in Omaha are a fast and simple way to get cash. However, the convenience comes at a cost. The average interest rate for a payday loan in Nebraska in 2017 was 404 percent. To borrow $425, you may have to write a check for as much as $500, which the lender holds until payday or an agreed-upon date.

Because of the high costs of borrowing, think first about payday loan alternatives:

• Borrowing money from a family member or friend
• Asking for due date extensions
• Applying for a loan from a credit union or bank
• Requesting a salary advance from an employer

If none of these is possible, cash is always available with a payday loan — sometimes on the same business day. Some lenders allow you to complete the entire process online, while other companies may ask you to come to an Omaha location.

When applying for a payday loan in Omaha, be prepared to show:

• Government-issued ID
• Social Security number or
• Proof of income
• Open and active checking account
• Working email address and/or phone number

Remember, payday loans should be used as a short-term solution, not a long-term financial strategy. Always take note of the total cost of the loan, which lenders are required to provide, and only borrow what you can afford to repay. If you can’t repay a payday loan in Omaha on time, state law allows borrowers to use an extended repayment plan once in a 12-month period.