Loans for $1 a day

(except when they are free!)

No hidden fees. No credit check.

Rainy Day’s mission is better short-term lending: Instant loans for just $1 a day, plus recurring free days that offer you a real $0 fee / 0% APR option. Start with 5 free days every 3 months & earn more free days as you repay.


Membership is 100% FREE

& it only takes few minutes to apply.

logo facebook

Funds transfer instantly
Money is transferred to your account immediately after the loan is approved.

Bank Account

Simple & transparent fees
Rainy Day has no upfront fees. You only pay for the days you need, and the fee is very simple - $1/day after your free days have been used. No hidden fees.

logo facebook

Five free days, four times a year
Rainy Day provides a total of 20 free days a year to make it free to borrow when there is a short term emergency.

Bank Account

It just gets better
As you develop a repayment history with Rainy Day, the deal just gets better - higher credit limits, the ability to invite friends, and more free days.

logo facebook

No funny business
We are a direct lender. Your information is stored securely and never shared. No hidden fees.

Bank Account

Improve your credit score
Rainy Day will report positive repayments to the credit bureaus once enough history is established.

What is Rainy Day?

We hope to revolutionize the short-term lending space with what we call "Socially Driven Lending".

Our goal is to provide a real alternative to the high costs, hidden fees and predatory practices associated with most short-term lending. We provide loans with no interest or fees of any kind for the first 5 days to make it free to borrow money when there's a short-term emergency.

If you need the money longer than 5 days, fees are very simple: $1 a day. There are no hidden fees. The total amount shown in the slider to the right is all you'll pay for your loan.

Loan Calculator

  • $ 375
  • days 10
  • $ 1.00
  • days 5
  • Your Loan
  • $37500
  • Fees
    48.67% APR
  • $500
  • Total Due
    on April 09
  • $38000

What is Socially Driven Lending?

Socially driven lending means two things to us:

  • Creating a lending option that genuinely helps solve problems rather than making them worse.
  • Applying the lessons learned by Grameen Bank and other successful microfinance institutions (MFIs) through social media to create a virtually connected lending community, and to make new loans largely based upon the recommendations of that community.

Our hope is to grow exclusively through the recommendations of our members. Rainy Day members who repay their loans on time will be able to invite friends to join. If a friend successfully repays their loans, the amount both can borrow will increase. Overtime, we hope to be able to offer members who consistently repay on time, and invite friends who repay on time, lots of additional benefits.

How to Apply

The application process is simple. There is no credit check, no need to fax anything and no paperwork. You just need two things:

logo facebook

Facebook Account
Active more than a year

Bank Account

Bank Account
Checking or Savings

To be able to lend money with low fees, or no fees, we need to keep default rates very low. In order to do that, we rely on our customers to help us in two ways:

  • To only borrow what they can pay back on time
  • To only recommend friends and family member who they feel will repay their loans

As such, most new Rainy Day members are accepted based on the recommendation of a current Rainy Day member. If you have a friend or family member who is currently a Rainy Day member, you can join immediately with their recommendation. If not, you'll be placed on the waiting list when you finish the brief application.


(default) 7 queries took 10 ms
NrQueryErrorAffectedNum. rowsTook (ms)
1SELECT `Menu`.`id`, `Menu`.`title`, `Menu`.`position`, `Menu`.`icon`, `Menu`.`order`, `Menu`.`url_path`, `Menu`.`created`, `Menu`.`modified` FROM `rainyday_live`.`menus` AS `Menu` WHERE `Menu`.`position` = 'top' ORDER BY `Menu`.`order` ASC220
3SELECT `State`.`code`, `State`.`id` FROM `rainyday_live`.`states` AS `State` LEFT JOIN `rainyday_live`.`countries` AS `Country` ON (`State`.`country_id` = `Country`.`id`) LEFT JOIN `rainyday_live`.`contents` AS `Content` ON (`State`.`agreement_id` = `Content`.`id`) LEFT JOIN `rainyday_live`.`contents` AS `License` ON (`State`.`license_id` = `License`.`id`) LEFT JOIN `rainyday_live`.`loan_rules` AS `LoanRule` ON (`LoanRule`.`entity_id` = `State`.`id` AND `LoanRule`.`entity_name` = 'State') WHERE ((`State`.`max_loans` > 0) OR (`State`.`max_loans` IS NULL))330
4SELECT `User`.`id`, `User`.`first_name`, `User`.`last_name`, `User`.`birthday`, `User`.`facebook_birthday`, `User`.`username`, `User`.`profile_name`, `User`.`external_id`, `User`.`opt_in`, `User`.`status`, `User`.`address`, `User`.`zip_code`, `User`.`city`, `User`.`token`, `User`.`service`, `User`.`password`, `User`.`group_id`, `User`.`state_id`, `User`.`ach_gateway_id`, `User`.`grade_period`, `User`.`notification_free_days`, `User`.`invitation_code`, `User`.`priority`, `User`.`available_invitations`, `User`.`consumed_invitations`, `User`.`granted_invitations`, `User`.`note`, `User`.`user_notes`, `User`.`armed_forces_active_member`, `User`.`evs_verified`, `User`.`clarity_verified`, `User`.`provider_age_verified`, `User`.`step`, `User`.`custom_fees`, `User`.`ranking_score`, `User`.`created`, `User`.`modified`, `User`.`last_login`, (CONCAT(`User`.`first_name`, " ", `User`.`last_name`)) AS `User__full_name`, (CONCAT(`User`.`last_name`, " ", `User`.`first_name`, " - ", `User`.`username`)) AS `User__full_name_with_username` FROM `rainyday_live`.`users` AS `User` WHERE `User`.`state_id` IN (2, 42, 4) 2000200010
5SELECT `StatePaydayResponse`.`id`, `StatePaydayResponse`.`type`, `StatePaydayResponse`.`code`, `StatePaydayResponse`.`description`, `StatePaydayResponse`.`others`, `StatePaydayResponse`.`display_errors`, `StatePaydayResponse`.`state_id` FROM `rainyday_live`.`state_payday_responses` AS `StatePaydayResponse` WHERE `StatePaydayResponse`.`state_id` IN (2, 42, 4) 000
6SELECT `State`.`id`, `State`.`name`, `State`.`country_id`, `State`.`verify_new_users`, `State`.`agreement_id`, `State`.`license_id`, `State`.`max_loans`, `State`.`code`, `State`.`payday_url`, `State`.`payday_username`, `State`.`payday_password`, `State`.`payday_license`, `State`.`payday_root_element`, `State`.`verify_payday`, `State`.`monthly_income_percent`, `State`.`capping_fees_percent`, `State`.`created`, `State`.`modified` FROM `rainyday_live`.`states` AS `State` WHERE `State`.`code` IN ('CA', 'TN', 'LA')330
7SELECT `Content`.`id`, `Content`.`slug` FROM `rainyday_live`.`contents` AS `Content` WHERE `Content`.`id` IN (105, 94) AND `Content`.`type` = 'state_license'220