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$50 Loan with Poor Credit | Borrow 50 Dollars Fast

$50 loan online with just a few clicks of your mouse. There are many times in life when a simple 50 dollar loan could really make a difference and save you a lot of money. If you are about to bounce 3 debit card transactions at $35 each, if you borrow $50, you could save almost $100.

Imagine getting notified by your bank that you have just over drawn your checking account by $5.50. Ouch, that just cost you an overdraft fee. Problem is you have a lunch date tomorrow and do not get your paycheck for 2 more days. One quick and easy solution would be a $50 personal loan from one of our trusted lenders.

I Have Bad Credit, Can I Get a $50 Loan?

The lenders in our network do not check your credit for a $50 loan. For a loan this small, mainly they are looking for a good employment history. As long as you have a strong work history, you have good chance of being approved. The easiest way to find out is just complete our short application and you will know immediately if you have been approved.

Are 50 Dollar Short Term Loans a Good Idea?

The best way to look at this question is to determine if that $50 loan is going to save you money based on current events in your financial life. If the answer is "yes", then it is probably a good idea. If the answer is "no", then do not apply for a 50 dollar loan. There will be interest charged and it usually has a high APR.

How Does The $50 Small Loan Process Work?

Once you complete the application we attempt to match you with a direct lender in our network. If we are successful, you will immediately receive a loan offer. Take a few minutes to review all the loan terms before making your decision. If you decide to accept the loan offer, then the funds are send directly to your bank account, usually by the next business day. If you choose to decline the loan offer, you have no further obligation, no big deal.

What is Required to Get a $50 Loan?

In order to be considered for a $50 loan:

  1. Must be 18 years old.
  2. Must have an open and active checking account.
  3. Must have a solid monthly income.
  4. Must have a residential address.

The more money you make and the longer you have had your job, will be contributing factors determining how much you can borrow. Also where you live can play a major part in the loan approval. Some states prohibit short term loans.

How Much Does a 50 Dollar Loan Cost?

A good rule of thumb in the consumer loan world is to consider loans by how much they cost per $100 borrowed. Many lenders charge $20 per $100 borrowed. If you apply this to a $50 loan then you would be expected to pay a $10 fee for borrowing the funds. All these terms are between you and the lender that may offer you a loan. All lenders are different and have their own fee schedules. Be sure to carefully review all documentation before agreeing to a contract.

$50 Loan | Instant Approval | No Credit Check

You can get instant approval on $50 loan. It only takes a couple minutes to complete the short application. There is no credit check for loans this small. You could be approved easily and in just minutes.

Can I make Payments on a Loan as Small as 50 Dollars?

Generally you would not find a payment plan on loans as small as 50 dollars. But with slightly larger loans you can find payment schedules that include monthly payments. Remember, short term credit has high interest rates. Use consumer credit responsibly and only when necessary. Here is an example of a multiple payment small loan.

Loan Amount: $550

Rate: 36%

Monthly Payments: 12

# Payment Amt. Total Interest Total Payments Balance
1 $55.25 $9.42 $55.25 $504.17
2 $55.25 $18.84 $110.51 $458.33
3 $55.25 $28.26 $165.76 $412.50
4 $55.25 $37.68 $221.02 $366.67
5 $55.25 $47.10 $276.27 $320.83
6 $55.25 $56.52 $331.52 $275.00
7 $55.25 $65.95 $386.78 $229.17
8 $55.25 $75.37 $442.03 $183.33
9 $55.25 $84.79 $497.29 $137.50
10 $55.25 $94.21 $552.54 $91.67
11 $55.25 $103.63 $607.80 $45.83
12 $55.25 $113.05 $663.05 $0.00

What are the Apps that Let You Borrow $50?

There are several apps that you can download that will allow you to borrow $50 with just a few simple steps. Here are a few you may want to consider.

  • Possible Finance - This company will offer you a 50 dollar payday loan that can be send direct deposit to your bank account the next business day.
  • Earnin - This is a payday advance app that will send you a quick $50 one your are setup. It is a payday loan format so you will be incurring fees.
  • Check Into Cash - You can get an easy $50 loan from this company and may be able to get it the same day. If you live near a store, pop in and pick up your cash. If you rely on the app to send you money, it will likely be the next business day.
  • Speedy Cash - This company has been around a long time and also have physical store fronts. The app will generally get money in your checking account the next day.

Is it Safe to Borrow $50 Online?

The online lending industry has changed dramatically over the past 10 years. Many of the suspect lenders have been pushed out of the market by mainstream lenders that many know and trust. Most online lenders are safe and secure. Many large banks now have a branch that specialized in personal loans that are short term with higher interest rates. There are a few things you can do in order to verify a website or an app.

  1. Secure Website - Do they have an SSL on their website? You can tell by the padlock in the domain bar. Every website you consider trusting with your personal information better have an encrypted connection to the internet.
  2. Lots of Information - A quick Google search should provide many different references to this website or company. If you can't find any information, like social media, or mentions in the press, stay away.
  3. Contact and Privacy Statements - Any respectable lender will have easy to find contact information which includes a phone number. They will also have a professionally prepared Privacy Policy and Terms of Service.
  4. Years in Business - The best way to look at a company is how long have they been in business. The longer a company has been operating, the better chance they are a reputable lenders and conduct business with their customers best interest in mind.

What is the Difference Between a Payday Loan and an Installment Loan?

The difference is one is paid back in full one the borrowers next payday and one is paid back in monthly installments. Both financing types have their place in the world and can be useful for borrowers that need to generate a small amount of money in a short amount of time. Read the guide below and learn more about these different financing options.

Example of a $50 Payday Loan

When you borrow $50 with a payday loan then you are expected to return the borrowed sum and pay a fee for borrowing the money. Most payday loans are viewed in terms of $100 dollars borrowed. A simple interest example would be expect to pay $20 for every $100 borrowed. So in this case, fifty dollars financed would mean a $10 fee. So on your next payday you would be expected to pay $60, which pays off the loan including interest.

Example of An Installment Loan

Amount Borrowed = 50 Dollars

Loan Duration = Six Months

Interest Rate = 100%

Monthly Payment = $10.93

# Payment Amt. Total Interest Total Payments Balance
1 $10.93 $2.59 $10.93 $41.67
2 $10.93 $5.18 $21.85 $33.33
3 $10.93 $7.78 $32.78 $25.00
4 $10.93 $10.37 $43.70 $16.67
5 $10.93 $12.96 $54.63 $8.33
6 $10.93 $15.55 $65.55 $0.00

$50 Loan FAQs

Do Lenders Offer Loans As Small as $50?

Yes, there are lenders online that will approve $50 loans even to people with poor credit. The application is free and only takes a couple minutes. Find out if you qualify for a quick, small loan.

When Will I Need to Repay the $50 Loan?

Generally, the full payment will be due on you next paycheck or at the first of the following month. Payments will usually not start until at least two weeks in the future from when you receive the proceeds of the loan.

I Need $50 Now, What are My Options?

If you need $50 now and do not have time to wait for your next paycheck, there are options available to you. Usually a loan as small as $50 will required full payment on the agreed upon date in the loan contract. You should expect to pay around $10 in fees in order to borrow $50. This amount can certainly change from lender to lender. Be sure to understand the agreement and payment requirements before signing the contract.


You will not find a lot of lenders that offer installment payments on loans as small as 50 dollars. Expect to see a $50 payday loan format for a loan this small. There many options available to finance small loans, even if you have bad credit. Do your research and pick the best option for your life and your finances. 

Author / Finance Expert:
Allison Sessions
View Allison's Biography In the About Us page

Updated: 4/55/22

PoorCredit.org is not a lender and does not make any lending decisions. All terms are between you and the lender. We may receive compensation from lenders in our network. The above table is purely for information purposes and is not a guarantee or an advertisement for a loan amount, interest rate, or number of payments.

Material Disclaimer:

By using poorcredit.org you agree to all of our terms and condition and privacy policy, see below. We make no attempt to solicit financial products. We are a publisher and not a lender or financial advisor.
All loan terms are between you and the lender that may offer you short term credit. We have no access to the interest rate, loan duration, payment amounts, or annual percentage rate (APR). Not all lenders are able to offer you the amount you request. Annual percentage rate may be dictated by the laws of the state where you reside. This may limit your ability to access credit. All lending decisions are made by lenders, not us. Read all terms and conditions provided by the lender prior to accepting a legally binding loan agreement. 
Short term credit is not a long term financial solution. It should only be use in an emergency until a less expensive option is available. Void where prohibited. 
We receive compensation from lenders for providing your information in an attempt to help you get a funded by one of these lenders. We make no guarantee you will receive the amount you request on your application or that you will receive any loan offer with specific terms. Everything on our website should be considered an advertisement that we may be compensated for.
Our website uses cookies track consumers as they visit our website with a time, date, IP Address stamp.
Most of the lenders in our network do not use a typical credit check, meaning with the 3 main credit bureaus. They may review an personal loan industry specific report such as DataX or Teletrack.
Services on our website are free to use. You will not be charged to submit an application. Installment loans and payday loans should be use only as a temporary solution.
Must be 18 years old to apply and be a full time citizen of the United States.
If you have any complaints about a lender you can contact the Consumer Financial Protection Bureau (CFPB) at:
Mail a complaint
Consumer Financial Protection Bureau
PO Box 2900
Clinton, IA 52733-2900
or call: (855) 411-2372

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