A cash advance instant is a short-term loan that may give you cash as soon as the following working day. If you can’t wait for money and need it as quickly as feasible, a fast cash advance online may help you out.
Following your online application, you may receive instant approval and the money in your bank account in as little as 24 hours. Continue reading to discover more about what you may expect from a fast cash advance loan.
Cash Advances Using a Credit Card
Time for Application Funding: Instant to 24 Hours
Credit cards will allow you to withdraw a cash advance, with the maximum amount set by your available credit limit. However, if you choose this method, keep in mind that annual percentage rates (APRs) for credit card cash advances are higher than a credit card’s purchase APR.
Lending Club Cash Advances
The time needed for application > funding: immediate to 24 hours or more.
Lending clubs may also offer cash advances. The disadvantage with this option is that you have to pay monthly membership fees, even if you don’t request a cash advance. These expenses may add up quickly.
How to apply for a cash advance
It’s easy to get fast cash advance loans. Here’s what the process entails:
- Know Your Cash Advance Lenders
There are plenty of cash advance lenders on the market. Do your research and find a trustworthy lender with excellent online reviews. Advance America provides a 5-star rating on TrustPilot and an A+ rating from the Better Business Bureau to ensure a transparent and reliable cash advance process.
- Figure Out Your Maximum Cash Advance Amount
Before you take out a cash advance loan quickly, find out how much money a lender can offer you. In this manner, you’ll know whether or not it’s adequate cash to cover your expense. Depending on your state, Advance America’s cash advances may typically go up to $1000.
- Calculate Your Fees, Interest, and Penalties
You’ll want to know how much your fast cash loan will cost you upfront. To avoid unexpected financial surprises, calculate your fees, interest, and penalties.
- Complete Your Application
Fortunately, most lenders will allow you to finish your application online within a few minutes. You’ll have to provide personal information like your name, email address, and Social Security number. The application process for Advance America’s online cash advances may take less than 5 minutes.
- Receive Your Funds
Upon approval, you’ll receive your money. The fastest way to do so is the direct deposit, so make sure you have your account number and routing information available when you apply. But if you can visit one of Advance America’s 1,500+ locations, you may drop by the store to obtain cash or check.
- Build Your Repayment Plan
Lastly, you’ll need to repay the loan on time. Follow your repayment plan to a letter to avoid late fines and a ruined credit score.