Cash Advance Loans vs Installment Loan

signing an online cash advance loan contract

Have you been in a situation where you need a little extra cash? If so, you may have considered taking out a personal loan. Yet, with so many different types of loans available, it can take time to decide which one is right for you. Let’s discuss the differences between two common types of loans you may be considering– cash advances and installment loans. Knowing more about each type of loan could help you make an informed decision to choose the right loan for your needs.

What is a Cash Advance Loan?

A cash advance is a short-term loan that involves a small amount of money borrowed at a higher interest rate. You can get a cash advance at an in-store lender or get a cash advance online. Get your money as soon as the same day!* All cash advances are meant to be repaid quickly.

What is an Installment Loan? 

An installment loan is a type of loan that is repaid with regular set payments over a period of time. Like a cash advance, installment loans involve a smaller amount of money and are unsecure. They tend to have a higher interest rate than cash loans.

What are the Best Loans for Emergency Cash?

You are not alone if you are in a bind and need emergency fast cash. Many people find themselves in a similar situation. The good news is that short-term loans like a cash advance loan or an installment loan are available to help you through tough times.

Cash advances or installment loans are great options if you need emergency cash. These loans are short-term and have high-interest rates. However, they are still great options if you need a smaller amount of emergency cash quickly and know you can pay the loan off later.

Do Installment Loans or Cash Advance Loans Require a Credit Check? 

Some lenders do a soft credit check that doesn’t count negatively toward your credit score. However, cash advances and installment loans are still easier to qualify for than traditional loans.

How to Get Cash Today*?

To get cash in your hands as soon as today, you can apply for a cash advance or an installment loan with Advance Financial depending on the state you’re where you are located. Some states offer both. Here’s how it works:

Apply Online for a Cash Advance Loan or Installment Loan 

The application process at Advance Financial is simple and quick. Apply online to get your emergency cash as soon as today!*

Apply In-Store for a Cash Advance Loan

Wanting to apply in-person? Come into any of our stores located in Tennessee to apply. Our team will be happy to answer any questions about getting a cash advance loan with Advance Financial.

How Much Can I Qualify For?

Advance Financial online cash loans range from $25 up to $4,000. The amount you can qualify for depends on the state you live in. You can find a list of what each state offers at

Whether you take out a cash advance or installment loan, it’s essential to understand the differences between the two, so you can pick which option is best for your budget. By researching all your options, you can find the loan that best suits your needs.

Bank Participation Required.*