How to Get a Cash Advance Loan Online

Getting to the middle of the month and having little or no money left from your wage is a worrying prospect. Unexpected bills can eat away at your bank balance, and unfortunately sometimes you don’t notice that until it’s too late. Asking your boss for a cash advance is probably out of the question, but there is another simple way to get a bit of extra cash when you need it most.

Rather than going to the pawnbroker with your cherished possessions or selling your precious gold for less than it’s worth, you can quickly apply for a cash advance loan online. Our simple application form takes less than 10 minutes to fill in and you can often get a decision within a matter of minutes.

What Do These Loans Involve?

Also commonly known as same day payday loans, cash advance loans can provide you with a fixed amount of money until your next payday. Your loan lender charges a fixed rate for the money you borrow, which has to be repaid when you next get paid. As an example, if you borrow $100 to see you through to your next wage, you’ll normally be expected to repay $125 when your paycheck goes into your bank account.

Although the rates are higher than those of a traditional bank loan, these personal loans are perfect for short term needs. What’s more, in most cases you can get an approval on the same day that you apply.

Making a Loan Application

There are various ways to apply for a loan online, but using our simple application form is surely one of the quickest. Once completed, we send your application to the lenders that we work with, and after assessing it, each lender either approves it or declines it. We compile those who do approve your application into a list – this allows us to decide who we would like to recommend.

Minimum Criteria for Approval

Each lender who forms part of our extensive panel has their own criteria for lending, and in some cases the details you submit won’t fit their criteria. Generally speaking, a lender will expect the following details to be supplied by you:

  • Your full name, permanent address, telephone number, date of birth and email address.
  • Your employment details including your employer’s name, the length of time you’ve held your current position, the frequency with which you get paid and your average monthly or annual income.
  • Your bank account details. This allows the lender to deposit your loan money directly into your account and debit the money you owe on the agreed repayment date.

These details may seem very personal to you, but as some loans don’t check your credit history or your credit score, they need to make sure that you have the ability to repay your loan before they will give an approval. Providing you don’t apply for a larger loan than you can comfortably afford to repay, and you don’t lie about your income during your application, there is no reason why an approval shouldn’t be just around the corner.

 

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