Same day loans are short-term, unsecured loans. They give you instant access to money, usually on the same day of submitting your loan application. Lenders who offer same day loans online do not ask for any collateral to approve your loan.
Emergencies arise quickly and they can cause a lot of stress. You may have to pay credit card bills, pay for an expensive car repair, fix your leaking roof, etc. No matter what’s happening, a same day loan can help. It is the best choice when you need instant cash and don’t want to borrow from friends or family.
Why Choose a Same Day Loan?
A few reasons why you should choose a same day loan are:
- It is an unsecured loan and you don’t have to provide collateral to get a same day loan.
- The online loan application process for same day cash loans is simple. You can usually complete the loan application in under 5 minutes.
- There is no physical document submission. It is a paperless loan so everything is completed online.
- You can receive the approved funds as soon as today.
Is a Same Day Loan at Advance Financial a Payday Loan?
Though the Payday Loan is offered on the same day, it should not be confused with the same day loan offered by Advance Financial. Payday Loans are marketed as an attractive short-term choice, but in reality, they are not. One big difference between a payday and a same day loan is that a payday loan has a lump sum amount you must usually repay in full within 30 days. Some lenders will offer you $2,000 and ask you to repay the full amount within 2 weeks.
Be aware that with a payday loan you may end up rolling over the loan and fall into a never-ending cycle of debt.
Whereas, same day loans from Advance Financial can be repaid in flexible monthly payments over time. You can apply for same day loans online from $25 up to $4,000 at Advance Financial. The loan amounts and the interest rates will vary depending on the state where you live.
Same Day Loans for Bad Credit
At Advance Financial, we consider your application even if you have bad credit. You don’t have to worry even if you have had difficulties with making payments on time and have a low credit score.
As a responsible lender, we will not offer a loan to those who may not be able to repay.
Same Day Loans FAQs
How fast can I get a same day loan?
A same day loan from Advance Financial works just like it says, you get your money on the same day you are approved for the loan.
Do I have to pay a processing fee to obtain a same day loan?
Yes, every loan has a loan processing fee and our same day loan is no different. We will charge a nominal one-time processing fee.
What is the minimum credit score I should have to get a same day loan?
We offer same day installment loans considering your ability to repay the loan, rather than your credit score. You will need regular income and a bank account in your name to process your same day loan application.
Do I need to provide any collateral to obtain a same day loan?
These loans are unsecured, meaning you are not required to provide any collateral as security to obtain our same day loan.