Online Line of Credit

Online lines of credit can get you the money you need quickly, whether you need to cover day-to-day expenses, pay an unexpected medical bill, or fund a home improvement project. Better yet, these loans allow you to borrow as much or as little as you want up to a set credit limit. Read on to learn how online lines of credit work, their benefits, and how you can apply for one today.

How do online lines of credit work?

An online personal line of credit is a flexible financing option that you can apply for online. Upon approval, you may use special checks or a credit or debit card to withdraw money or have the funds deposited to your bank account up to a credit limit. Once you borrow funds, you’ll repay them during the repayment period along with any interest or fees.

With online lines of credit, you can repay what you owe all at once or over time, depending on your financial situation and preferences. You’ll only pay interest on the amount you borrow.

What can I use an online line of credit for?

Online lines of credit can help you cover just about any expense. Some of the most common uses for an online line of credit include:

  • Car repairs
  • Medical bills
  • Home improvement projects
  • Day-to-day essential expenses
  • Travel or vacation costs

Benefits of online lines of credit

Here are several of the most noteworthy benefits of online lines of credit:

Easy online application

You can apply for an online line of credit online, from the comfort of your home or office, within a few minutes. This is great news if you don’t have the time or desire to fill out a lengthy, in-person application.

Quick funding

If you need money right away, an online line of credit is a solid choice. Depending on the lender, you can pull money from it quickly, sometimes the same day you apply or within 24 hours.


Since online lines of credit allow you to withdraw funds at any time, they’re flexible. This can be particularly useful if you’re unsure of exactly how much money you need upfront.

Can be used for any expense

Many lenders don’t put any restrictions on how you can use your online line of credit. It can help you out with large, one-time expenses or everyday expenses you need to cover when you’re in a financial pinch.

Good credit not needed for approval

You can still get approved for an online line of credit if you have poor or fair credit. Lenders may consider factors in addition to your credit score, like your income and employment situation, when they decide whether to approve you.

How to apply for an online line of credit

To apply for an online line of credit, follow these steps:

1. Compare lenders and line of credit options

There are many types of online lines of credit. Do some research and find the various lenders and loans available to you. Next, compare their interest rates, terms, and fees.

2. Gather all necessary documents

Once you choose a lender and online line of credit, collect the documents you’ll need to apply. These will likely include a government-issued ID like a driver’s license or passport and pay stubs, W2 tax forms, or other proof of income.

3. Fill out an application

Visit the lender’s website to fill out the application online. Be prepared to provide personal details like your name and email, along with financial information such as your income and monthly debt obligations.

4. Submit your application

After you fill out an application, you’ll need to wait for the lender to review it and make a decision. Fortunately, many lenders offer quick approval decisions and will get back to you quickly, sometimes within a few minutes or hours.

5. Withdraw your funds

If approved, the lender will give you access to the money so that you can begin to draw from your line of credit whenever you’d like. You’ll be able to withdraw funds fairly quickly, often shortly after you’ve been approved.

Get an Advance America online line of credit today

Advance America offers online lines of credit that you can apply for from the comfort of home. We offer instant approval decisions and quick funding, and you can still get approved if you have bad credit. You may receive money as soon as the same day you apply and can repay what you borrow in scheduled payments or all at once. Visit Advance America today to learn more about our online lines of credit and start your application today.

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.
157+ million
loans issued
800+ stores
and online loans
25+ years
providing loans