1 Hour Cash Advance Payday Loans
Broke between paychecks? Need up to $1,500 before payday? Cash advances borrowed from payday lenders online can help when you need cash fast. Online cash advances are approved in 1 hour with no fax and no credit check needed, so there’s less to worry about when you need money right away. Advance your paycheck by 14 to 30 days for expenses and emergencies that can’t wait for payday.
Advance payday cash loans are easy to apply for. There are only four steps to approval:
1. Complete and submit your payday lender’s online application
2. Get approved in 1 hour (your lender will contact you via e-mail with your approval status)
3. Use your cash advance for any expenses that pop up before payday
4. Pay back your cash advance with your next paycheck in two weeks or one month
Before you apply, make sure you meet your lender’s basic qualifications for instant approval. These main requirements are standard for all payday loan lenders:
- US citizenship
- 18 years of age or older
- A checking account or savings account with direct deposit for your lender to wire cash
- A reliable monthly income (either a paycheck, unemployment benefits, Social Security checks, or a retirement account are acceptable sources of income)
Some lenders may require applicants to earn a minimum monthly salary of $800 a month or more to make sure they can afford their cash advance payment on payday. Cash advances are typically borrowed for 14 to 30 days, depending on your monthly pay cycle, and paid back in full when you receive your next paycheck. This keeps the interest rate low and gives your lender extra security that you will pay back the cash you borrowed.
Cash advances are approved based on salary, not credit score, and your credit history is never examined. Bank lenders and credit card companies check your credit report for your past payment history to determine whether or not you’re a risky borrower likely to default on a loan. Because of this extra security measure, annual percentage rates on personal bank loans and credit cards are typically lower than cash advances (as long as you pay your monthly installments on time and don’t incur any late fees). Cash advances have higher APRs for the convenience of no credit check to compensate for the payday lender’s added risk. While cash advance interest rates are higher than their bank loan counterparts, they are significantly lower than the alternatives of bank overdraft fees and late fees. A typical cash advance with a $15 service fee has an annual percentage rate between 300% and 500%. The APR on bank overdraft fees is nearly triple that amount, between 1,000% and 4,000% and higher. A 2008 study performed by East Carolina University estimated that the average APR for overdraft fees is 4,547%. Take the cheaper option for cash before payday: Borrow an affordable cash advance from a national payday lender online.
We can match you with a top-rated national payday lender for your cash advance and payday loan online needs. Get started today for fast cash wired in 1 hour!
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3 Easy Steps to Get Your Quick Cash
Complete the short form.
Receive your approval and confirm loan.
Cash deposited into your account.