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Cash Advance Loans

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If you need funds fast, consider a cash advance loan

Cash advance loans give you options when you have temporary setbacks or unexpected expenses. These are short-term solutions that you repay in full by your next payday.

How does a cash advance loan work?

A cash advance loan is different word for payday loan. They are known for their high interest rates, and you might have to pay extra in the form of fees and charges so be sure to compare your options before taking out a loan.

The money you get through a cash advance loan can be used for just about anything, whether you need to pay bills or to cover your everyday expenses until your next paycheck.

Borrowing a cash advance loan is relatively simple. Lenders often don’t require you to have the best credit because they rely on your ability to repay. A steady income is necessary for most lenders, but you can find a cash advance loan no matter your needs. If you’re approved, you’ll be able to receive your money as cash if you apply in-store or directly into your account if you apply online.

Cash advance loans and alternatives

Here are some loan providers you can apply with. Note that the maximum amount you can borrow will vary based on your state of residence.

Rates last updated December 11th, 2018
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Max. Loan Amount Turnaround Time Requirements
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
Jora Installment Loans
Installment loans with repayment terms up to 30 months, depending on your state.
1–2 days
Must have an active checking account, regular source of income and email address.
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
1 business day
Must have direct deposit and meet minimum income requirements.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
LendYou Short-term Loans
Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
ACE Cash Express Short-term Loans
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

Compare up to 4 providers

Why should I get a cash advance loan?

  • Multiple options. You can approach a direct lender or a loan-connection service to find the best loan for you.
  • The ease of applying online. No need to visit a physical lender’s location and fill out and sign forms. The application can usually be completed in a few minutes, and once you’re approved, you can receive your loan in your bank account the next business day.
  • Watch out for fees. Not all cash advance loan providers charge the same fees, so pay attention before you take out a loan or borrow money from your credit card.
  • Bad credit is OK. If you have a regular income, lenders might consider you for a cash advance loan no matter what your credit history looks like.

Unexpected funeral

Man talking on his phone sitting on a table with laptop and holding a coffe on his other hand John found out he had to travel across the country to attend a funeral, but he didn’t have enough money to cover the flight. His paycheck was still three weeks away and he had just paid all of his bills for the month. The funeral was in three days so applying for a traditional personal loan was not an option and his credit card was maxed out. He searched online and compared some of his cash advance loans options.

He needed $600 for the return flight, which he wanted to repay over the course of his next two paydays. He found a lender who offered terms to suit his needs and applied for a cash advance loan. The money was in his checking account the following business day.

Pros and cons

What are the pros?

  • You can use the money for any purpose. You are free to use the money you receive through a cash advance loan for just about any worthwhile purpose, like buying groceries, paying bills or repairing a car.
  • It’s a quick and easy process. Online cash advance loans require you to submit a simple application that you can complete in minutes, and the application process is equally quick with in-store same day cash advance loans. In the case of online loans, you can receive your loan the next business day.
  • There’s no collateral required. You don’t have to provide any kind of collateral or security to apply for a typical cash advance loan.

What are the cons?

  • You’ll be charged high fees. Cash advance loans charge considerably higher interest when compared to conventional loans, and this high interest is charged as fees on your loan. You could also have to pay additional fees if you don’t repay your loan on time.
  • The loan will have to be repaid quickly. You won’t have much time to repay the loan, which can put a bit of a strain on your budget. , Make sure you work out if you can afford to repay it before you apply.

Things to avoid when you take out a cash advance loan

Before you apply, ensure that you won’t have any problems in repaying the loan. If you think you might have trouble, don’t borrow from a lender. Late or missed payments come with increased fees, charges, and interest rates on top of negatively impacting your credit. Always work the repayment schedule into your budget and you won’t have to worry about paying extra money.

Are payday loans available in my state?

Questions you might have about Cash Advance Loans

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US Payday Loans Offers

Important Information*
Slam Dunk Loans

Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

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