$500 Dollar Loan — 60-Second Match, Same-Day Deposit
$500 covers most short-term emergencies — car repairs, medical copays, overdue bills. PrimeLendings matches you with licensed lenders in 60 seconds. Bad credit OK, soft inquiry only, 100% online.
Quick Answer
A $500 loan through PrimeLendings takes under 5 minutes to apply for online. You get an automated lender match in 60 seconds. Same-day ACH deposit is available when you apply before the banking cutoff. Bad credit (scores 300+) is accepted.
Check Your Options
5 minutes · No commitment
Loan Amount
Full Name
ZIP Code
Monthly Income ($)
Enter $500 as Your Amount
Fill In Income and Bank Details
Get Matched in 60 Seconds
Review the Full Offer
E-Sign and Receive $500 Same Day
Built differently
for $500 Loan
One application. Licensed lenders across all 50 states. Faster, safer, and more transparent than shopping lender-by-lender.
100% Online — No Branch, No Fax
Apply on your phone or laptop in under 5 minutes. No bank visit, no paperwork, no hold music — from application to funded entirely digitally.
Bad Credit Is Not a Dealbreaker
A $500 loan is one of the most accessible amounts for damaged-credit borrowers. Income of $800+/month and an active checking account open 30+ days are the primary requirements.
Payday or Installment — Your Choice
Repay on your next payday in one lump sum, or spread over 3–12 months with fixed installment payments. Many lenders offer both — you pick what fits your budget.
Soft Inquiry — Score Protected
Your FICO score is not touched when you check your $500 loan options. A lender may run their own check before final approval — always disclosed upfront.
Compare Multiple Lender Offers
One application reaches multiple licensed lenders at once. You see competing rates and terms — not just a single take-it-or-leave-it quote.
ACH Straight to Your Bank Account
Approved funds go directly to your checking account via ACH. No prepaid debit cards, no wire delays, no branch pickup.
What $500 Actually Covers
$500 is the most common short-term loan amount — large enough to fix most real emergencies, small enough that a 6-month installment payment stays under $100/month.
Car repair
Brakes, flat tyre, minor parts.
Medical copay
ER / urgent care after insurance.
Utility shutoff
Stop a disconnect before it happens.
Rent gap
Bridge when timing is off.
Moving deposit
First/last month or security.
Missed payment
Protect your credit score.
Need less? $100 micro-loan. Need more? $2,000 installment loan.
Exactly What a $500 Loan Costs
| Loan Type | Total Fee | You Repay | APR |
|---|---|---|---|
| Payday — 14 days | $75 | $575 | ~391% |
| Payday — 30 days | $75 | $575 | ~182% |
| Installment — 3 mo | ~$72 | ~$572 | ~60–120% |
| Installment — 6 mo | ~$120 | ~$620 | ~50–100% |
| Lowest APRPersonal — 12 mo | ~$35–90 | ~$535–$590 | ~7–18% |
Fee
$75
Total
$575
APR
~391%
Fee
~$72
Total
~$572
APR
~60–120%
Fee
~$120
Total
~$620
APR
~50–100%
Fee
~$35–90
Total
~$535–590
APR
~7–18%
Good to know: A bank personal loan costs far less (7–18% APR) but needs 580+ credit and 1–5 days. For ongoing needs, our installment loans guide is a better fit.
What Lenders Look At for a $500 Loan
Income-FirstLow credit score? Bad credit loans, payday loans for bad credit, and guaranteed approval options are all available.
Should You Choose Payday or Installment for $500?
Pick the repayment structure that fits your budget — not the lender's default.
Choose Payday if…
- Your next paycheck fully covers $575
- You want the lowest total interest paid
- You won't need that $575 for anything else
Choose Installment if…
- Repaying $575 at once would leave you short
- You prefer a fixed ~$100/mo over 6 months
- Income is steady but not large for a lump sum
See the full comparison on our advance loans page.
Explore Other Amounts
PrimeLendings vs. Your Options
On the factors that matter most to borrowers.
| Feature | PrimeLendings | Banks |
|---|---|---|
| Application | 5 Min Online | Days / Weeks |
| Credit Required | All Profiles Considered | Good – Excellent |
| Availability | 24/7 Online | Business Hours |
| Funding Speed | Next Business Day* | 3–10 Business Days |
| Pre-Qual Inquiry | Soft Only | Always Hard Pull |
| Prepayment Penalty | None | Sometimes |
| All 50 States | Yes — licensed lenders | Varies by bank |
*Next-business-day funding typical; not guaranteed. Timing depends on lender and bank ACH schedule.
Why borrowers trust PrimeLendings
Licensed Network
State-licensed & TILA-compliant lenders only.
Full Transparency
APR, fees, and schedule disclosed before signing.
Soft Pull Only
FICO score unaffected at matching stage.
Zero Obligation
Review offers — accept only what fits you.
Frequently Asked Questions
Answered by licensed financial experts.
Ready to get matched with a $500 Loan lender?
One 5-minute form. Soft pre-qualification. Licensed lenders in all 50 states. No commitment until you sign.
256-bit SSL · Licensed lenders · TILA-compliant
Marketplace Disclosure: PrimeLendings is a 100% online loan marketplace, not a direct lender. We do not originate, fund, or service loans. We instantly match borrowers with licensed lenders across the US who make all independent credit and funding decisions. Loan approval, rates (5.99%–35.99% APR for personal loans), and terms are determined solely by the matched lender. Submitting a request does not guarantee loan approval. Short-term representative example: $500 borrowed for 14 days at $15/$100 = $575 total (391% APR). Short-term products are high-cost — use for genuine emergencies only. Loan terms, APR, fees, and availability vary by lender and state. A lender may perform a hard credit inquiry before final approval. Terms apply. Full rate & fee schedule.