Loans Like First Loan – 5 Most Promising Alternatives to First Loan in 2021

When in time of sudden financial need, most borrowers across the US would think of companies such as First Loan. However, over the years, their requirements have tightened a decent amount, making them less and less desired to the citizens that need to borrow money without much to show for.

Fortunately, when it comes to getting a quick loan, borrowers now have plenty of loan options in terms of the lenders they can borrow from. In this review, we will take a look at 5 of the best First Loan alternatives that you can use to borrow money from today and then compare them to First Loan.

Loans Like Fig Loan – #1 Alternative: Viva Payday Loans


Whether you find yourself wanting to make a large purchase, cover urgent emergency expenses, or simply want to build your credit score from scratch, taking out a loan is a realistic way to fulfill your needs. From there, it is only a matter of choosing the right direct lender for you that best suits your financial and personal circumstances.

As a borrower, you are recommended to get loans with the lowest annual percentage rates (APRs) and favorable loan amount and repayment terms. After conducting extensive research on the topic, the most promising alternative to First Loan is Viva Payday Loans.

Below is a side-by-side comparison of Viva Payday Loans to First Loan:

  Loan Amounts Available Loan Terms Available APR Range Loan Fees Customer Support
First Loan $200 – $5,000 (They have a $1,500 loanable amount limit for first-time borrowers.) Repayment can be made weekly, fortnightly, and semi-monthly within a period of 12 months. 600.00% – 795.00% Charges a non-sufficient fund fee amounting to $25, and a $25 late payment fee after four days from defaulting from your loan. Phone: Yes

Email: Yes

Shopfront: Yes

Viva Payday Loans $100 – $5000 2 – 24 months 5.99% – 35.99% Fees are the following but not limited to origination fees, interest, early exit penalties, interest, debt collection fees in case of default, or late payment penalty fees. Phone: No

Email: Yes

Shopfront: No


Best Loans Like First Loan – Quick-Pick:

  1. Viva Payday Loans – Most Promising Alternative to First Loan
  2. Big Picture Loans – Reliable Loans On-the-Go
  3. Cash Central – Flexible Loan Terms and Conditions
  4. Lend Up – Loans with Guaranteed No Credit Checks
  5. Fig Loans – Reasonable APRs

What Are First Loan Loans?

First Loan is an online loan provider and lender that mostly caters to financially troubled borrowers looking for a quick, convenient, and short-term cash injection to help them cover any sudden emergencies, bill payments, and more.

First Loan boasts its flexible repayment plans where borrowers are free to choose between weekly, bi-weekly, or fortnightly and semi-monthly payments within a period of twelve months. First Loan charges no early payment penalties for settling loans earlier than the date agreed upon, which makes them a decent choice in the industry.

Common Uses of First Loan Loans

When people find themselves needing more funds than what they currently have, they turn to household lender names such as First Loan. First Loan has established itself to be among the most credible lenders in the lending industry, catering to people of all walks of life in almost all states across America.

Below are the most common uses of First Loan funds:

  • Home Renovation Expenses: People get to upgrade their home’s furniture and fixtures with the funds they have obtained from First Loan.
  • Car Repair Expenses: Everyone needs a car to go to work, shop for groceries, and just commute around the place. In case of a costly emergency, those who cannot afford the unpredictable expenses for repairing their vehicle end up having to borrow money from a lender.
  • Medical BIlls: Oftentimes, sudden medical emergencies can happen and leave us in a weird situation where we can’t afford to pay for our medical expenses right away. A lot of individuals who have sudden medical needs can’t afford to pay their medical bills and end up borrowing money from lenders.
  • Rent: A lot of borrowers tend to overspend and are often left short of some dollars and unable to pay their rent. Thus, borrowing money to pay rent is quite a common reason
  • Groceries: Many people happen to run out of money before their next payday, and as a result, they rely on small loans to make it until their next paycheck.
  • Travel Expenses: An exquisite vacation is now within people’s reach by taking a personal loan that can be with flexible repayment schemes.

How To Qualify For Loans Like First Loan (Eligibility Criteria)

In many cases, borrowers don’t need to meet a vast number of requirements to borrow money. Here are all of the requirements to qualify for loans like First Loan:

  • You’re a U.S. citizen or permanent resident over the age of 21
  • You’re currently employed with a regular source of income
  • You have a valid bank account in good standing
  • You have a valid email address and phone number
  • You must reside in a state in which the lender offers their loans

Top 5 First Loan Alternatives – Fully Reviewed

Below, we will closely review five of the most promising alternatives to First Loan—starting with our recommended pick, Viva Payday Loans.

1. Viva Payday Loans – Most Promising Alternative to First Loan

First Loan demonstrates hesitancy towards first-time borrowers by imposing a $1,500 loanable amount limit for first-time borrowers. This is not the case with our most promising alternative, Viva Payday Loans.

Borrowers applying to Viva Payday Loans can loan for up to $5,000 in a single loan application. Personal loans obtained from Viva Payday Loans have annual percentage rates (APR) ranging for as low as 5.99% to 35.99%, one of the lowest among short-term loan providers in the lending industry.

They offer very flexible loan term repayment plans to suit their borrower’s needs without adding any additional stress to their situation.

Loan Range $100 – $5,000
APR (Annual Percentage Rate) 5.99% – 35.99%
Loan Term Range 3-24 months
Star Rating 4.9/5


  • Guaranteed no credit checks
  • Available loan range from $100 to $5,000
  • Reliable customer service support


  • Lending is unavailable to some U.S. states

If you’re in need of borrowing up to 5,000 dollars at a relatively low APR rate and flexible repayment, then look no further than Viva Payday Loans. They even promise to process your application in just two minutes, meaning you’ll get your money deposited directly to your bank account the very same day.

2. Big Picture Loans – Reliable Loans On-the-Go

Big Picture Loans

Borrowers who have a poor credit history or are unemployed may be eligible for a loan through Big Picture Loans. With this broker, loans are transferred and guaranteed to land in your bank account by the next business day. However, loans from Big Picture Loans tend to have relatively high-interest rates ranging from 350% to 699% for new borrowers.

You can borrow a maximum amount of $3,500 and repay it within four to eighteen months.

Loan Range $200 – $3,500
APR (Annual Percentage Rate) 350% – 699%
Loan Term Range 4 to 18 months
Star Rating 4.7/5


  • Big Picture Loans has no credit checks
  • Quick and reliable loan approval process
  • Flexible repayment plans


  • Extremely high-interest rates for new borrowers

Fast. Easy. Confidential. These words appear on the front page of Big Picture Loans’ website. According to their site, 90% of accepted applications are approved and paid by the next business day.

3. Cash Central – Flexible Loan Terms and Conditions

Cash Central Loans - Good for Short Term Loans

Cash Central offers flexible loan terms of up to 24 months to pay back the borrowed money, which is longer than most short-term loan providers in the industry.

Cash Central requires borrowers to be at least eighteen years old, have two working phone numbers, a reliable source of income, a valid and working email address under a valid name, and a valid Social Security number.

With them, you can borrow anywhere between $300 to $3,000 dollars.

Loan Range $300 – $3,000
APR (Annual Percentage Rate) Up to 739%
Loan Term Range 6 to 24 months
Star Rating 4.0/5


  • Swift transfer of the loaned amount
  • Flexible loan terms and conditions


  • High APRs for new borrowers

Getting a short-term loan with Cash Central is an easy and effortless process. Your application will get a decision on the same day, and if successful, your money will be deposited into your account the very next day. Despite the flexible repayment plans, the downside is that the APR offered by Cash Central is rather high.

4. Lend Up – Loans with Guaranteed No Credit Checks


LendUp is another reputable lender across the US. They are renowned for lending smaller sums of money that were to be repaid within a 30-day period and ensuring that the people who were in financial need are back on track with their finances.

Through LendUp, the typical borrower can borrow between $100 and $500. One relatively big downside to LendUp is the very high ARP. The APR you’ll get is subject to how much you borrow and the loan term range you opt-in for.

In mid-2021, LendUp stopped offering short-term payday loans under the scrutiny of financial regulators.

Loan Range $100 – $500
APR (Annual Percentage Rate) 70.6% – 1251.43%
Loan Term Range Up to 30 days
Star Rating 4.0/5


  • Loans for borrowers with bad credit
  • No credit checks required


  • Extremely high APRs

LendUp is a popular lender amongst individuals who require a smaller sum of money and would like to repay it within the next 30 days. Despite the ease of borrowing funds through LendUp, you should be aware that their interest rates can get as high as 1251.43%.

5. Fig Loans – Reasonable APRs

Fig Loans

And last but not least, we have Fig Loans. They offer a lower APR than most lenders that we reviewed today but still not quite as low as Viva Payday Loans. Through Fig Loans, you can borrow up to $800 and pay it over a period of 6 months.

Loan Range $300 – $800
APR (Annual Percentage Rate) Starting from 199%
Loan Term Range Up to 6 months
Star Rating 4.5/5


  • Quick turnover of funds upon approval
  • No early repayment penalties


  • Limited to select U.S. states

Despite the quick approval rate, low barrier to borrowing money, and decent repayment plans, Fig Loans still has quite a high APR on any money borrowed through the lender, which isn’t ideal.


Features of Viva Payday Loans

While many borrowers still use First Loan to get financial help in a time of need, Viva Payday Loans might just be the better option. Here are some of the features of Viva Payday Loans:

  • No Credit Checks Guaranteed: There is no need to display a good credit score. This is ideal for borrowers in dire financial regardless of whether or not they are unemployed.
  • Fast Approval: Approvals can be granted in as fast as two minutes.
  • Low APRs: Starting at 5.99%, interest rates are a lot more sustainable to pay within a longer repayment term.

How To Get Loans Like First Loan

Obtaining a loan like First Loan at Viva Payday Loans involves four easy steps:

Step 1: Visit Viva Payday Loans Website

Visit Viva Payday Loans at Viva Payday Loans. Click on the “Apply Now” button at the top right corner of the screen.

Step 2: Complete The Application Form

Then, you’ll be redirected to a form that you’ll need to fill in. Make sure to fill out the form with true and correct information, then click “Request Funds” when you are done.

Step 3: Get Your Decision

In as quick as two minutes, your loan application will be processed and you’ll get your decision. If you are successful, you’ll be sent further instructions to your e-mail address.

Step 4: Receive Your Loan

If your application has been approved, congratulations. You would need to undergo the identification process before receiving the funds straight to your bank account.

Request Your Loan at our Top Rated Provider – Viva Payday Loans



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CashNet USA


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About Jayme Wium PRO INVESTOR

Jayme is a professional freelance writer specializing in personal finance, business, nutrition, botany and mental health. She has studied extensively in these fields and spends a considerable amount of her time creating content to help simplify complex concepts for the everyday person.