Online Cash Loans With Fast Approval Decision
Need quick money but don't want to go to a bank?
An online loan may be just the solution you're looking for and we can help!
What It This?
It is a sum of money issued to a member of the public under legally binding terms. It comes with a fee or interest that must be paid on top of the principal amount. No collateral is required.
They typically fall under two categories, Payday (sometimes called a cash advance) and Installment, which are very similar to the type of personal loan you might get from the bank.
A Payday Loan - is a short term commitment for a relatively small sum of money which you must pay back in full in one lump sum, just a couple of weeks after it is issued. This comes with a set finance charge. It is sometimes called a cash advance because its function is to help you cover unforeseen expenses until your next pay check arrives. Typical amounts range from $100 to $1,000.
An Installment Loan - is closer to a regular credit from the bank, because you pay this back in installments over a longer period of time. The amount offered for this type of credit varies between a few hundred to a few thousand. Like all long term loans interest is applied on top of the principal and factored in to each monthly payment.
If you are looking for fast cash, online loans are particularly beneficial because you can get near instant approval from the lender and the money can be deposited in to your account as soon as the next business day. Applying for a traditional credit product from a bank or larger lender can take days or even weeks to finalize.
Also while you might be hoping for no credit check, lenders will usually do some kind of search, however the good news is it might not be from the big 3 credit bureaus and even those with bad credit can be approved because a lot of the decision rests on your income. Traditional lenders can be a lot stricter.
Over the years we have helped many individuals or all backgrounds and income levels connect with lenders and get fast access to emergency funds. For more information on the different types of credit products out there and their terms, visit the Rates & Fees or About Us pages. If you still have further questions you can also check out the FAQ page where we answer the most common concerns from our users.
Why Would I Want It?
They are generally intended for people who find themselves in a temporary financial emergency or require cash upfront to make a large purchase. Perhaps you forgot about a bill and you've already spent this month's budget, or your car suddenly needs repairing and you won't have any money until payday. Cash advance may be just the solution to these scenarios.
Maybe you need a new car altogether or have emergency medical costs. In this case you may need a little bit more and an installment loan is the better option. Either way we aim to help those in need.
Note: the lenders in our network aren't looking for those trying to climb out of other debts. Using a loan to pay off existing debt is a cycle that can only get worse. If you are in this situation we advise you to seek out other alternatives.
What Are The Requirements?
Before you submit your information it is important to check whether you meet all of the basic requirements of our lenders.
- You must be at least 18 years of age and a legal resident of the United States, as we cannot lend to minors or undocumented residents.
- You must also be in stable employment with a regular wage to ensure your ability to meet the financial obligation.
- You will also require at least a basic checking account so the funds can be deposited and the repayments taken.
Note: some state regulations may limit the type of credit you can apply for and its terms.
Submitting your information couldn't be easier. The whole process is completely web based and all you have to do is fill out a form with some basic details about yourself, which will then be passed on to 100 or more lenders in our network.
The decision on your approval is completely automated by a computer system and the whole process can be completed in as fast as 5 minutes. If you accept the lender's offer you could see the cash in your designated bank account within 1 business day, often the very next morning.
Because the lender will already have your bank account on file, repayments (be it the full amount for cash advance or installments) are taken automatically through a debit transaction. As part of the agreement you will also be asked to grant the access to your account for this reason, under the ACH system.
While this obviously makes it convenient for both parties and you won't have to remember to write a check or do the transfer manually, you will of course have to ensure that the money is there on the agreed upon date. If not you may be subjected to charges from your bank for going overdrawn, or if the payment fails completely there will be other repercussions as per the agreement.
For more details you should visit our Rates & Fees page.