Seeking short-term financing in Mesa? You're eligible to borrow as much as $2,500. Yet payday-style loans carry steep costs. Always explore less expensive assistance before committing.

What borrowing choices do I have in Mesa?

You have a few choices. Payday loans are legal here. They can be quick but have high costs. Credit unions offer a cheaper product called a PAL. You can also ask your own bank if you have a checking account.

What's the true cost of taking out a loan?

Costs vary wildly. A Payday Alternative Loan (PAL) from a credit union has an APR capped at 28%. This is much lower than a typical payday loan. For example, some bank small-dollar loans for existing customers run around 100–200% APR. Always ask for the APR to compare.

What costs less than a payday loan?

A PAL from a credit union is often the best choice. In Mesa, Desert Financial Credit Union, OneAZ Credit Union, and Arizona Federal Credit Union offer them. These loans are regulated and safer. Learn more about all your loan alternatives.

I need bill assistance, not a loan

This is important. If you need help with a rent or utility bill, free help may be available. For any specific bill, call 211 in Mesa. They can connect you to local grants that you don't have to pay back.

For energy bills, LIHEAP offers assistance. Processing takes 2-4 weeks, but it's faster if you face a shutoff. See all Arizona financial help programs.

Pre-borrowing checklist

Follow these steps to protect yourself.

  1. Call 211 to ask about bill assistance or grants.
  2. Check if your current bank offers a small-dollar loan.
  3. Find a local credit union to ask about a PAL loan.
  4. Compare the APR of any offer you get.
  5. Make a plan for how you will repay it.

Only then should you consider a payday loan. If you decide to apply, do it safely.

Frequently asked Mesa borrowing questions

How much can I borrow in Mesa?

Under Arizona law, you can borrow up to $2,500 with a payday loan.

Where are most payday lenders in Mesa?

Demand is highest in central Mesa ZIP codes like 85201, 85204, and 85207. This is also where you'll find many credit union branches offering cheaper PALs.

What if I can't repay my loan?

Contact your lender immediately. You can also call 211 for free, non-profit credit counseling advice to help you make a plan.

Is it a good idea to borrow for rent?

No. With median rent at $1,450, a loan payment is hard to manage. Call 211 first. United Way and Catholic Charities may offer one-time rent grants you don't repay.