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Instant Loans Online
Need some quick money? Consider applying for one of Advance America’s instant-decision loans.
Why should I get an instant loan online?
Whether you’ve been hit with an unexpected expense or have fallen behind on bills, instant online loans are a convenient option.
Most states we operate in offer fast funding for in-store and online customers — but even if you’re new to online loans, same-day approvals are typical. This means you may receive your loan funds in your bank account within one business day. Depending on what time you’re approved, you may even get money the same day you apply!
Applying for online loans with same-day or next-day funding is easy. Let’s take a closer look at what you can expect from fast online loans with instant approval.
How do instant online loans work?
When you apply for a same-day loan online, it’s usually because you need a short-term financial solution that gives you access to money quickly. You can use the money to cover a utility bill, car repair, or any other expenses you might have. Filling out an online application form for a quick online loan takes just minutes. Once you complete the application, the lender will decide instantly whether you’re approved.
After approval, the funds for same-day loans are typically deposited directly into your bank account within one business day.
For example, if you apply for a personal loan with Advance America by 10:30 AM EST, you’ll usually receive the loan funds in your bank account by the end of the day.
If your application is approved after the same-day cutoff, you could receive your deposit on the morning of the next bank day. Bank days are Monday-Friday, excluding holidays.
Can I get a same day online loan with bad credit?
You may qualify for an online personal loan even if you have a less-than-perfect credit history. In fact, many direct lenders provide financing to potential borrowers regardless of their credit scores. Unlike traditional lenders, direct lenders look at factors beyond a credit check, such as your current employment and proof of income.
Advance America is a direct lender. We look at your financial situation as a whole rather than just your credit score. So, even if you've been turned down for a traditional loan due to a bad credit score, we may be able to help you get the financial assistance and flexible repayment terms you need.
How fast can I get an online loan?
Funding timelines vary by lending service.
Advance America operates on a same-day/next-day funding timeline. If you’re approved before 10:30 AM EST, you may receive your money the same day. If you apply after 10:30 AM EST, you may receive your funds on the next business day.
Common types
When you're faced with unexpected expenses, there are a few different types of loans you can get online, including:
Online Payday Loans
Online Payday Loans, or Cash Advances, are small-dollar, short-term loans designed to help you get by when money is tight. Because of this, online Payday Loans are a great option for borrowers looking to cover unexpected expenses.
Unlike any other type of loan, a Cash Advance loan is meant to be repaid all at once on your next pay date, which usually occurs within two to four weeks. Given these extremely short loan terms, payday lenders offer limited loan amounts based on state regulations and the borrower’s income.
Online Installment Loans
An Installment Loan can be a convenient solution when you need a larger loan amount than a Payday Loan can provide. With an Installment Loan, you’ll receive a lump sum of money — usually deposited directly into your bank account — that you can repay in regular monthly payments (a.k.a. installments). These quick cash loans have a longer repayment period that can range from a few months to a few years, depending on the lender and loan terms.
Personal Lines of Credit
A personal Line of Credit is a flexible type of loan that lets you withdraw funds as needed, up to your set credit limit — kind of like a credit card, although there are differences between the two.
Essentially, a Line of Credit gives you access to quick cash whenever you need it. As such, they are perfect for ongoing expenses like home improvement projects and medical bills. You can repay this online loan in scheduled payments or all at once. Best of all, you only pay interest on the amount you borrow, not the entire credit limit.
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Key benefits
The best personal loans offer an easy online application process, fast access to funds, and flexible repayment terms. Here are just some advantages of getting a quick or instant online loan:
Online convenience
You don't have to visit a bank, credit union, or other in-person lender to apply for an instant online loan. Simply fill out an online application from your computer or mobile device. This is a great advantage for borrowers who lead busy lives or prefer to do business online.
Easy online application process
Most online instant loan applications are short and easy to fill out. Since they require minimal information and documentation, you can complete one within minutes.
Instant loan approval decision
When you submit an online loan application, you could receive an instant approval decision. This helps ensure you get the money you need in less time.
Let’s say you apply for an online loan on a Friday morning. An instant approval decision can be the difference between getting your money that same day or having to wait until Monday. When you have urgent expenses to cover, fast approvals are key.
Fast access to cash
Fast cash online loans are great if money is tight and you’re hit with an unexpected expense. This makes our loans ideal for medical bills, car repairs, large appliance replacements, and other emergencies. While traditional loans can take days or even weeks to approve and fund, quick online loans can give you fast access to the money you need.
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Where to get same-day online loans
Same-day online loans are available through a variety of personal loan and payday lenders, including Advance America. When choosing a lender, do your research and compare their rates, terms, fees, and customer benefits. Doing so will help ensure you get the best instant online loan to meet your needs.
How to get an instant online loan
If you're interested in an instant-decision online loan, here’s what you need to do:
Choose an online lender
Many reputable lenders offer quick loans online with quick approval times. While it’s nice to have a choice in online lenders, be sure to do your research and choose a reputable lender with positive customer reviews.
In addition, you should only do business with an online lending service that has a secure application page with a lock icon and a URL beginning with “https.” This ensures your personal information is encrypted.
Fill out the online loan application
Visit the online lender’s website and complete an application form for an instant online loan. Remember, you may need to answer personal questions related to your source of income and employment status. You'll also need to indicate how much money you'd like to borrow.
Fortunately, Advance America has a streamlined application process that takes just minutes to complete.
Submit the online instant loan application
Once you’ve completed the application and read the loan agreement, review the information you entered to ensure everything is correct. When you’re ready, submit it and wait for the lender’s decision. In many cases, you’ll receive a decision within minutes.
Receive your online instant loan funds
If you're approved for a loan online, you’ll typically receive your money by the next business day. Most lending services deposit the funds directly into your bank account.
With Advance America, you can receive your money via direct deposit or by visiting one of our locations (if you prefer same-day cash).
Which online loan is right for me?
The best online loan depends on your specific needs and preferences. For example, online Payday Loans are worth considering if you only need enough money to hold you over until your next payday. If you want to borrow a larger sum of money and take your time repaying it, an Installment Loan might make more sense. If you prefer flexible access to funds, consider a Line of Credit.
What should I know about online loans before applying?
When applying for any type of loan, it's important to understand the loan's terms and conditions. Read the fine print, including the loan agreement, before signing any documents or agreeing to any terms. You should also be aware of the loan payment amount and repayment schedule.
Even if you qualify for more money, you should only borrow what you need and can afford to repay. This could mean opting for a short-term loan rather than a year-long loan agreement, or vice versa. If in doubt, discuss your options with reputable lenders to determine which type of loan is best for your situation.
What do I need to apply?
To speed up the process, be sure to have the required information on hand when you start your loan application.
Requirements may vary by lender and the type of loan, but you'll generally need a:
- Government-issued ID
- Source of income
- Checking account number
How do I apply for a loan at Advance America?
Applying for any type of loan at Advance America is easy. Simply complete an online application with the required personal, income, and banking information, provide your e-signature, and submit the loan application. You'll typically receive an approval decision quickly.
If you prefer to make your loan request in-person, visit one of our convenient store locations. Either way, applying won't impact your FICO credit score. That's great news for borrowers trying to rebuild their credit!
Get a same-day online loan today
Advance America offers a variety of loan options that give you fast money with repayment options that fit your life. Best of all, you can complete a quick application in minutes!
Apply online now to receive your instant online loan approval decision.
Frequently Asked Questions about Advance America's Instant Online Loans
Will applying for an instant loan hurt my credit?
No, applying for an instant loan with Advance America does not impact your FICO or Vantage scores.
Can I apply for an instant online loan if I’m retired?
Yes, you can apply for an Advance America loan in retirement if you have a steady source of retirement income. For example, Social Security benefits and pension payments count as income.
How do I repay my instant online loan?
We’ll set up a payment schedule based on the loan agreement for your particular type of loan. You can then log into your Advance America account to make payments, manage automatic payments, or update your payment method. You can also make a cash payment at one of our store locations.
What can I use my instant online loan for?
Our online instant loans give you access to funds for unexpected expenses or financial emergencies. For example, you might use a payday advance to avoid late fees on a utility bill or credit card payment. Installment loan proceeds might go toward an emergency medical expense or car repair. Your financial situation is unique, so use the money for whatever you need.
Are online loans safe?
Online loans from legitimate lenders are safe. When shopping around for any personal loan, make sure the lender’s website URL begins with “https://” and that it has a lock icon in the address bar to ensure the site is encrypted. You should also research the lender’s reputation before providing your personal information.
What is the smallest instant online loan you can get?
Minimum loan amounts vary by state and loan type. Depending on where you live, you might be able to borrow a $100 cash advance. If you open a line of credit, your first withdrawal might be as little as $50.
What is the largest instant online loan you can get?
Maximum loan amounts also vary by state and loan type. When applying for a loan, we use your personal information to determine a loan amount that works for you.
Are instant online loans available in my state?
Advance America offers loans online in various states.
Notice: Information provided in this article is for informational purposes only. Consult your attorney or financial advisor about your financial circumstances.
About the author
Jalin Coblentz has contributed to Advance America since 2023. His experiences as a parent, full-time traveler, and skilled tradesman give him fresh insight into every personal finance topic he explores.