Frequently Asked Questions about How to Apply for Cash Advances

Get the answers to the most commonly asked questions about applying for cash advances here.

How do I apply for cash advances?

You can apply for a cash advance once you've found a lender. Typically, the lender will have an online application that interested visitors can complete. To find your lender, use our complimentary referral service. If you fill out our short, no-hassle questionnaire, we'll give you the name of one of our trusted cash advance lenders for free. We'll then refer you to the lender's site, where you can find out how to fill out a cash advance application.

Does it cost anything to apply for a cash advance?

You will need to ask your lender this question, as the policies of every lender are different. Generally speaking, most lenders tend to offer free online applications, though this is not always the case. Our referrals to cash advance lenders are always free.

I only need a few hundred dollars; do lenders offer cash advances this small?

Yes, there are lenders that offer loans as small as $100 and as large as $1500 (varies by lender). The most common cash advance amount is about $500, but most lenders are flexible on this as long as you meet the qualification criteria. Lenders tend to offer loans in increments of $50-$100 in order to meet the diverse needs of their borrowers.

How soon will I know if I'm approved for a cash advance?

Every lender will have a different approval process. Usually, lenders will inform you of your approval status as soon as you submit your application (varies by lender). The approval decision will tell you whether you qualify as a borrower and, if so, for how large of a loan.

What factors will influence my lender's approval decision?

When you apply for cash advances, your lender will determine your approval status based on your monthly income, employment status, bank account information, and other factors (varies by lender). With most lenders, the biggest factor influencing approval status is monthly income. Borrowers with larger incomes tend to qualify for larger cash advances than others.

When will I need to repay my cash advance?

The term of your cash advance, or how long you have to pay it back, will be up to your lender. All lenders have different loan terms, so you should consult with your individual lender when you apply for a cash advance. Commonly, the cash advance will be due in full on the date of your next payday, but this is not always the case. Your lender may give you a longer or shorter term depending on the circumstances.

How will I receive my cash advance?

Most lenders use an electronic funds transfer to move the loan into your checking or savings account. Usually, the account to which the funds are transferred must be the same account you use for the direct deposit of your paycheck (varies by lender). When your loan comes due, the lender will also electronically withdraw the amount of the loan plus the finance charge (varies by lender).