Instant Installment Loans

Installment loans give you the money you need in one lump sum, with a monthly repayment schedule, allowing you to pay back the loan over time. Installment loans can be used for many reasons, and often, when you need cash, you need cash fast. Whether it’s to pay for unexpected expenses like repairs or take care of an unexpected bill, installment loans can offer a quick way to get you with the money you need.

But how quickly can you get cash from an installment loan? That depends on a few factors. For example, if you’re a previous customer of Advance America, you may be able to get instant deposit (depending on the state you’re applying from). If you’re a new customer, your application may take up to a day to fund. Having all your information available for your application, as well as getting any questions answered, can help make sure your application is processed as quickly as possible. Applications can be processed either online or in person.

How to get instant approval for an installment loan

How quickly your installment loan application is processed will depend on a few factors, including your previous transaction history with the company. Following these steps will help ensure your application is processed in a timely manner and may allow you to receive same-day funding and even instant funding.

Our previous Advance America customers can get an instant online decision

If you’ve already been an Advance America customer in the past, your information is on-file and that will help speed the application process, allowing you to earn an instant decision when you apply online for an installment loan.

Once your application is approved, funds can be transferred directly to your bank account if you select direct deposit.

Check if your state allows installment loans

Before you complete our installment loan application, make sure installment loans are available in your state, they could be available in store or online. Your state is the state of residence you currently live in, as shown on your government ID.

Use an in-store application

While applications are available online, new customers can get money instantly following approval when they apply in one of our Advance America locations (use our map locator to find the Advance America store nearest you). Once you arrive at the store, you’ll need a few pieces of documentation to help process your loan:

  • A government issued ID, like a driver’s license
  • Most recent checking account statement
  • Proof of income
  • Social security number

You may need additional information, depending on state. Calling ahead or the Advance America site can help you figure out which information you need before you apply. You can also use the zip code tool to see the maximum amount you can borrow with an installment loan (with the actual loan amount dependent on application factors, including proof of income).

An in-store application can provide a decision on your loan in as little as ten minutes, provided you have all documentation ready. The loan can then be funded instantly, walking out with cash.

Use direct deposit with your online application

Applying online? Selecting direct deposit will allow the funds to be transferred directly to your bank account. Like in-store applications, an online application will verify your identity and income to process your loan decision. If your installment loan application is denied, there may be other options that don’t rely on credit scores, such as a title loan.

Have all your paperwork in order

Whether applying online or in-store, for the fastest installment loan approval, make sure you have all of your documentation ready. This includes your government-issued ID, your bank account information, and income information. In some cases, you could be asked to supply proof income (such as a pay stub or direct deposit receipt).

How long does it take to receive funds from an installment loan?

Funding for an installment loan depends on whether you apply in-store or online, and whether or not your application is complete. Once an application is approved, funding usually takes about 24 hours to send funds to your bank account via direct deposit.

If you have been a previous Advance America customer, instant funding may be available online depending on the state you live in.

Typically, when you complete your application before 10:30 AM EST, Advance America can often fund your application on the same day.

Application time: Less than 10 minutes

Whether you’re applying in-store or online, an application is easy to fill out. You’ll need to provide your personal information, including your home address. Using the convenient chat function online or asking questions in store can help answer any questions that may come up during the process.

Decision time: Instant to 24 hours

Decisions for online installment loan applications typically earn an instant decision, as our AA team reviews your measures of loan qualification online. When you apply online before 10:30 AM EST, you can typically earn a decision and funds on the same day. Applications approved after 10:30am EST are normally funded by the next banking day.

Funding time: Instant to next banking day

Whether you apply in-store and receive cash in hand or online to be paid through direct deposit, as soon as your application is approved, we will release the agreed funds. Choosing direct funding can allow the funds to transfer directly to your bank account, which can take up to the next banking day to be deposited in your bank account. When you visit an Advance America location, cash payouts are available.

How to quickly complete our installment loan application

Applying for an online or in-store installment loan from Advance America is a seamless process that can give you access to cash when you need it.

1. See if installment loans are available in your zip code

Click here to assess whether installment loans are available in your state and the range of loan options. If installment loans are not an option, there may be other options that could make sense for your situation, like a payday loan.

2. Gather your documents

To apply for an Advance America installment loan, you’ll need proof of income, a checking account, a social security number and a government-issued ID. Bring these to a nearby store or have them handy when completing your online application.

3. Apply

Whether you apply in-store or online, Advance America will provide an instant approval decision. Using direct deposit allows the funds to be transferred to your bank account following approval, so you can take out the funds when you need them. If you’ve used Advance America in the past, you can submit a fast application in just a few clicks knowing that your information is securely saved.

4. Pay back the loan

Your loan payments will depend on a few factors including your pay frequency (such as bi-weekly or monthly schedule), the length of your loan term, and the amount of your loan. All of these details can be found in your loan agreement. The Installment Loans Rates & Fees table can help you see how different loans break down into payments.

Advance America does not have any early payment penalty fees on installment loans, which means that if you receive a bonus or financial windfall, you could pay back your loan early and potentially pay less interest over time.

5. Keep in touch

If you anticipate a missed payment on your cash installment loan, call Advance America or visit your local store to make alternative payment arrangements. By budgeting installment loan payments, an installment loan can be an effective move to stay on top of financial obligations.

Quick applications, instant decisions, and fast funding

Advance America installment loans offer easy applications that can be completed in less than 10 minutes, instant approval decisions, and funding that can be delivered the same day when you apply before 10:30 AM EST or within 24 hours of your application. Funds can go directly to your account through a direct deposit or as cash when you visit one of our 1,500 locations across the U.S.

The Advance America advantage

Since 1997, Advance America has helped millions of hardworking people with a variety of financial solutions including Payday Loans, Online Loans, Installment Loans, Title Loans and Personal Lines of Credit.

134+ million
loans issued
1,200+ stores
and online loans
23+ years
providing loans