Advance America’s in-store and online Installment Loans provide the money you need today with the ability to pay it back in smaller, multiple payments over time (availability varies by state).
Whether you need the funds to cover everyday essentials or a significant unexpected expense, an Installment Loan can help you get ahead.
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An Installment Loan is a type of short-term loan that allows you to borrow a lump sum of money upfront. You can use the money for anything you need and repay the loan in fixed monthly payments, otherwise known as "installments." Depending on the loan terms, your Installment Loan payments can last for several months or even years.
You can apply for an Advance America Installment Loan in just a few minutes. Here's how the process works:
Start your Installment Loan application now or apply in store.
Get an approval decision in minutes for your Installment Loan application.
Receive money same day.* Pay it back in multiple payments over time.
*Online approvals before 10:30 AM ET (M-F) are typically funded to your bank account by 5 PM ET same-day. Approvals after 10:30 AM ET are typically funded in the morning the next business day.
Applying for an Installment Loan is quick and easy.
First, make sure Installment Loans are offered in your state. Depending on your state’s availability, you can submit an online application or stop by your nearest Advance America to apply in person.
The documentation needed to apply online may vary by state, but in general, you’ll need to do the following:
Whether you apply online or in-store, filling out an application – and receiving your instant approval decision – takes just minutes!
To apply for an Installment Loan, you'll need a few pieces of information to get started.
Each state has its own requirements, so the documents needed may vary.
Here are some benefits of getting an Installment Loan from Advance America:
Our Installment Loan application is convenient and hassle-free. Complete it in minutes online or in person at an Advance America near you.
Thanks to our instant approval decisions, you can receive the money you need quickly. Funds are typically deposited into your bank account the next business day, and sometimes even the same day you apply!
Different from a Payday Loan, a personal Installment Loan doesn’t have to be repaid all at once. Instead, you pay it back over time in regular installments ranging from a few months to a few years.
At Advance America, we understand that your credit score may not always reflect your ability to repay. That's why we consider other factors, such as your income and employment history, when making our approval decision.
We’re a state-licensed company, which means we follow all applicable state and federal laws. Installment Loan rates, terms, and fees are clearly outlined in your loan agreement, so you never have to worry about unexpected charges.
Yes. Like our in-store loans, online Installment Loans are available in certain states.
Advance America considers customers with all types of credit. For our Installment Loans, we will review third-party data sources to verify your eligibility.
Depending on whether you complete an application online or in-store, there are different ways you can receive your money.
In-store Installment Loans are paid via cash or check on the spot as soon as you complete your loan paperwork. If you apply online, your money will be deposited directly into your bank account – sometimes as soon as the same day.*
Due to state regulations, the minimum and maximum amount you can borrow with an Installment Loan depends on where you live.
We don’t require any collateral for our Installment Loans.
Depending on your state’s requirements, we typically only need your government-issued ID, proof of income, checking account information, and Social Security number to process your application.
Installment Loan payments will be automatically withdrawn from your bank account on the due date. Cash payments are also accepted in person at any Advance America location.
Depending on your state and loan terms, your repayments can range from 3 to 36 months.
Typically, your loan payments are aligned with your pay dates. During the loan process, we will review the specific due dates and amounts associated with your loan to ensure you understand the terms of the agreement before finalizing.
Yes. There is no penalty for paying off your loan early and doing so may decrease the overall cost of your loan.
Past-due payments may impact your ability to take out future loans with Advance America or other lenders. We’re committed to the fair and lawful collection of past-due accounts and can work with you to establish payment arrangements.
If you anticipate being unable to repay your Installment Loan on time, please get in touch with your local store or call us at (844) 562-6480.
The rates and terms for our Installment Loans are based on state regulations. Finance charges also vary by state and loan term length.
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