Virginia Online Loans
We know how hard it can be to make ends meet until your next payday. Whether you need cash for three days, three months or until your next payday, we want to get you the line of credit you need for every situation and give you the flexibility and control you need. Unlike an Online Payday Loan or an Online Installment Loan, a FLEX Loan line of credit gives you the ability to apply once and withdraw cash at any time (up to your credit limit). And unlike a payday loan or installment loan, with a FLEX Loan line of credit, you pay it back at your own pace, with conveniently scheduled payments, or installments, aligned with your payday. FLEX Loans are anywhere from $100 up to $4,000. And unlike a payday loan, you can get a FLEX Loan without leaving the comfort of your own home.
Here’s how it works. Your due dates will be the same as your paydays on your line of credit. On your loan due dates (your paydays), you have the option to pay only the minimum amount due on your line of credit or pay an additional amount so you can pay down your balance quicker. There’s never any late fees. As you pay down your balance in installments or payments, you will have the ability to take out additional cash in the form of a cash advance up to your credit limit. An Advance Financial FLEX Loan puts you in complete control. You can pay off your loan early without penalty and we will even keep your line of credit open so you can withdraw more money at a later date. You must live in Virginia to obtain this loan. Your cash will be sent to your bank account, usually within a day.
If you have any questions, feel free to call Customer Service for more information about our fee structure.
FLEX Loan FAQ
What do I need to bring with me in order to get a FLEX Loan?
- Photo ID
- Verifiable Income
- Open / Active Bank Account
How much can I receive with a FLEX Loan?
You can receive $100 up to $4,000.
How long is my billing cycle
If you are paid weekly, bi-weekly or semi-monthly, your billing cycle will be 28 days and your billing cycle will be 28, 30 or 31 days if you are paid monthly. Your due dates will always be your pay dates that you have provided as per your application and your first statement period may be longer than the above said rules.
How long do I have before I am required to pay back my loan?
You can pay off your loan completely at anytime before your next statement date by just paying the money you borrowed. However, you can also choose to just pay your minimum payment due as notified in your statement. By doing so, your loan will be subject to interest for the average daily balance during your billing cycle in which you choose to only pay the minimum balance.
What will be the minimum time-gap between two consecutive billing statements?
If you are paid weekly, bi-weekly or semi-monthly, it will be 28 days and will be 28, 30 or 31 days if you are paid monthly.
What will be my first minimal withdrawal amount?
Your first minimum withdrawal amount is $50
Is there a lump-sum payoff or can I make payments?
It’s completely flexible. You can pay the minimum payment, or installment, due or you can pay in full anytime you like.
How much does it cost?
Example Rates & Terms for a FLEX Loan
Minimum and Maximum payments or installments by amount borrowed and loan length.
The example below shows one cash advance with two minimum payments or installments prior to payment in full. This is only an example. We do not require two minimum payments prior to payment in full.
Advance Financial loan agreements are governed by the State of Virginia.