Advance America offers a variety of loans for in-store and online applicants
We know that everyone's situation is unique and we aim to help you find the right product for you. We may receive compensation when you visit our partners' sites or are approved for their products. You can read more about how we maintain editorial independence and how we make money here.Advance America is a fully-accredited, nationally-recognized financial organization that provides an array of financial services and products from over 2,100 locations in the US. You can apply at a storefront and online for either a payday, installment or auto title loan.
States where Advance America does not offer loans:
- District of Columbia
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- South Dakota
- West Virginia
If you live in one of these states visit our short-term loans guide to see what loans are available in your state.
What kinds of loans does Advance America offer?
- Payday Loans. Advance America offers payday loans online and in physical stores. The amount you can borrow depends on your state of residence and your current financial situation. Advance America offers a convenient chart that allows you to determine the finance charge, APR and total cost of the loan before you apply.
- Installment Loans. Installment loans work much like payday loans, but instead of repaying the principle and interest in one lump sum, you can spread the payments out over months, and you can usually apply for larger amounts. Advance America doesn’t offer installment loans in every state.
- Auto Title Loans. If you own a car, you can use its title to get a loan through Advance America. The amount you can borrow depends on your car’s appraised value. Because this is a secure loan, you can expect lower interest rates than with payday or installment loans. However, keep in mind that if you default, you risk losing your vehicle.
What do borrowers like about Advance America?
When comparing loan options, keep in mind the excellent features offered by Advance America.
- Easy application process. Applying for a loan takes no more than a few minutes, whether you apply online or in-store.
- Use the money for any purpose. There are no restrictions on how you can use your loan money.
- Early repayment. You can pay the loan off ahead of schedule with no penalties, and in certain states, you might even qualify for a partial return of your loan fee.
- Good customer reviews. Advance America boast high ratings with its customers.
What to watch out for
- High costs. Short-term loans come with high fees for the small amount you borrow. With auto title loans, you risk losing your car’s title if you can’t repay on time.
- Limited state availability. Advance America doesn’t offer loans in the following states: Arizona, Arkansas, District of Columbia, Georgia, Hawaii, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Montana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oregon, Pennsylvania, South Dakota, Vermont, West Virginia.
How do Advance America loans compare to other loans?
What are the costs of borrowing through Advance America?
Depending on your current financial situation and your state of residence, the fees you pay along with your loan could vary widely. Advance America offers a convenient chart that allows you to browse these before you apply, and after approval, you are given a loan contract that breaks them down further. The typical fee for every $100 borrowed is around $15 for a loan lasting two weeks.
Before you accept a loan contract, be sure you can afford to repay your loan within the determined schedule. If you have late or missed payments, you run the risk of defaulting and owing even more money. This could damage your credit and, if you took out an auto title loan, result in you losing your vehicle.
Is Advance America a safe lender?
Advance America is a fully-accredited, nationally-recognized financial institution, and it is a founding member of the Community Financial Services Association (CFSA), a body that encourages fair lending practices with full disclosure. Advance America complies with all applicable state and federal laws and outlines its fees clearly in loan offer documents.
How do I apply for an Advance America payday loan?
Whether applying online or in-store, you will need to meet the following eligibility criteria:.
- Be at least 18 years old (varies by state)
- Be a citizen or permanent resident of the US
- Have a valid government-issued ID
- Have a steady source of income
- Not involved in bankruptcy
You will need to provide the following information during the application:
- Your complete name, Social Security number and date of birth
- Your checking account and routing number
- Your income and employment details
Are cash advance loans legal in your state?
Hover over your state of residence (or click on your state if you’re using a mobile device) to find out if cash advance loans are legal in your state.