Easy Online Loans To Get Approved For

Need money in a hurry and without a lot of hassle? Applying for an online loan is a fast and easy online solution to get the funds you need when you need them most.

The application and approval process for fast online loans is quick and easy. You can use the funds to pay for a wide range of needs, such as medical expenses, unexpected repairs, utility bills, and even everyday expenses like groceries and gas. Once you receive the money, it’s yours to spend however you like.

What are online loans?

Online loans are a convenient alternative to traditional lending methods. Online personal loans often have less strict credit requirements than conventional loans offered at banks and credit unions. This makes them easier to qualify for if you have bad credit.

Most online loan options are unsecured loans, which means they aren't backed by collateral, such as your home or car. Online personal loans also offer competitive interest rates, flexible repayment terms, and a wide range of borrowing amounts.

Advance America has an easy online loan application process that can result in an approval decision within minutes. Plus, with direct deposit or in-store cash funding, you could have money in hand within 24 hours. You may even receive your funds the same day if you apply before 10:30 AM EST.

Applied too late in the day for same-day funding? Don't worry – you should receive funds no later than the next business day.

What can I use an online loan for?

You can use a same-day online loan to cover an emergency expense or necessity. Whether you need to pay a medical bill, repair your vehicle, consolidate debt, replace a home appliance, or cover gas and groceries until your next payday, online loans can easily get you the funds you need.

4 reasons to get an online loan

There are many reasons to choose an online loan over traditional financing methods. Online lenders like Advance America offer the following benefits:

Even poor credit applicants may qualify for a fast online loan

Even with a bad credit score, you may still qualify for a quick loan through an online lender. That's because online lenders tend to have fewer credit score restrictions. Instead, they look at other factors, such as your income, your employment status, and current debts, when considering you for a loan.

Convenient online lending

One of the best parts about an online loan is that you can easily apply for them from anywhere! Whether you're at home, on the road, or at your local coffee shop, you can complete the entire loan application process from your computer or mobile device.

Depending on your state and the type of loan you want to apply for, you can opt to have the money deposited directly into your bank account.

Prefer to discuss your options in person? Some lenders have physical branches in addition to online services. Find out if there's an Advance America store close to you.

Easy application process

Unlike traditional lenders, online loan lenders tend to have a streamlined application process that makes it easy to apply for a personal loan. You won't have to gather stacks of financial documents or fill out long multi-page applications. In fact, our online loan application process typically takes less than five minutes.

Instant decision and quick access to funds

You'll know whether you've qualified for an online loan with Advance America within moments of submitting your application. Once you're approved, you should receive your funds by the following business day. If you apply early enough, you might even receive money the same day you apply!

How easily can I get the funds I need?

Many online lenders offer same-day loans to ensure you get the money you need when you need it. Therefore, when choosing a lender, consider their loan funding process.

If they offer same-day financing, what's the daily cut-off time for you to receive funds the same day? If you miss the deadline, how soon can you access the funds? In many cases, same-day loans are funded within 24 hours of approval (unless the next day is a bank holiday or weekend).

At Advance America, we typically fund applications approved before 10:30 AM EST that same day. If you don't receive a loan decision until after 10:30 AM EST, you'll receive a direct deposit the following banking day. We also provide instant funding to all in-store customers and repeat customers online.

Type of Same day online loans

Types of easy loans

Can't decide which quick loan works best for your financial situation? Here are some options from Advance America that offer easy online loan applications and quick funding:

Online Payday Loans

Also known as a Cash Advance, a Payday Loan is a short-term loan for a small amount of cash — usually a few hundred dollars or less. The amount you can borrow depends on your income because you repay the loan in full on your next pay date.

Payday Loans are handy if you need to avoid bouncing a check or incurring costly late fees from missing a credit card payment. Payday Loan rates and terms vary by state, but you will typically have to pay a flat fee of around $15 for every $100 you borrow, making it easy to understand your loan terms and repay it by the due date.

Online Installment Loans

Do you need more money than a Cash Advance provides? Consider an Installment Loan. Installment Loans offer quick access to funds with longer repayment terms, giving you more time to repay the amount borrowed. With scheduled monthly payments, typical loan terms range from three to 24 months, depending on your state.

>RELATED: Installment Loans With No Credit Check 

Online personal Line of Credit

Having a Line of Credit gives you access to cash up to your approved credit limit. With an open Line of Credit, you can take out money as you need it, making this a flexible loan option that's convenient for covering unexpected expenses.

Whether you access cash in multiple withdrawals or in a single lump sum, you'll only pay interest on the amount you borrow and not on the entire line. Plus, your Line of Credit stays open even after you repay the balance.

As with Installment and Payday Loans, Advance America offers Lines of Credit that you can apply for online in minutes.

Factors for loan approval

Lenders will consider different factors when deciding whether to approve you for a loan.

Steady income

Reputable lenders like to see that you have a steady income. While in many cases this means being gainfully employed, it can also mean that you're receiving regular Social Security benefits. Knowing that you have a steady income source is a positive sign to lenders that you'll be able to pay back your loan.

Debt-to-income ratio

Your debt-to-income ratio measures the amount of money you owe each month divided by your monthly income. The lower your DTI is compared to your monthly income, the more likely you are to get approved for an online loan.

Credit score

Your credit score carries a lot of weight in lending decisions made by traditional financial institutions, which is why it's more difficult to get a traditional loan with bad credit.

While having a good credit score significantly increases your chances of getting an online loan, having a bad one doesn’t necessarily disqualify you. As long as you have a good DTI, enough monthly income, and are fiscally responsible, you can still qualify for an online loan, regardless of your credit history.

>RELATED: What's the Average Credit Score By Age?

Finding a trustworthy lender

Here are three questions to ask when looking for a reputable online lender:

What do their customers have to say?

Read customer reviews. A few dissatisfied reviews are the norm for any lender, but if the reviews are overwhelmingly positive, you're more likely to have a good experience. Reviews will also give you the inside scoop on things like the lender’s customer service, responsiveness, and integrity.

Are they transparent about their loan fees and interest rates?

Your lender should disclose all loan rates and fees up front. If anything seems unclear and you're going around in circles trying to get answers, look elsewhere.

What is the loan approval process like?

Does the lender have a clear and quick approval process? Online applications should be straightforward and easy to complete from your computer or mobile device. Once submitted, how soon will the lender issue an approval decision? Ideally, you'll receive an instant approval decision on your application.

You should always be cautious of scammers posing as legitimate lenders. If you're asked to make an initial payment as a "show of faith," it's probably a scam.

5 easy steps to get an online loan

Here's how you can apply for a loan online:

  1. Choose your loan and lender
  2. Gather the documents required for the application
  3. Fill out your online loan application
  4. Receive your loan decision
  5. Receive your loan decision

Choose your loan and lender. After comparing the different types of online loans available, decide which one best fits your financial needs. Once you're sure which loan you want, choose a reputable lender that offers that type of loan at competitive rates.

Gather the documents required for the application. Before you start to fill out your application, make sure you have all your personal and financial information ready. Requirements may vary by state, lender, and loan, but in general, you'll likely need the following:

  • A government-issued ID (i.e., driver's license, passport)
  • Proof of income (i.e., bank statements, paystub, tax returns)
  • Checking account
  • Social Security number

Fill out your online loan application. Visit the lender's website or app to fill out your application. Make sure the information you enter is complete and accurate to avoid any delays in your loan approval decision or funding.

Receive your loan decision. Once you submit the application, the lender uses the information you provided to decide whether to approve your request. Since Advance America has an instant approval decision process, you may receive your decision right away.

Get your money. If you're approved for an online loan, the lender will deposit the funds directly into your bank account. Funding times vary by lender, but in many cases, you should gain access to the money within 24 hours.

Advance America's easy online loan process

We realize that our customers live busy lives, so we've worked hard to streamline our applications. Here's what our loan application process looks like:

Complete your loan application online — minimal documentation required.

At Advance America, our online loan applications take most customers just a few minutes to complete. We simply need to verify your identity, contact information, proof of income, and bank information.

See your instant loan approval decision

When you apply online for an Advance America personal loan, you'll often receive an instant approval decision. This means you could know whether you're approved for a loan moments after hitting the submit button.

Enjoy quick funding

Advance America offers same-day funding for loans approved before 10:30 AM EST. If you apply after 10:30 AM EST, you may receive your money the next banking day.

Repay your loan online or in-store

As you begin to repay your loan, remember that we offer automated payment options to make repaying your loan simple and quick. Log in to your account to view your payment schedule and payoff amount. Prefer to make payments in person? Stop by one of our convenient locations.

Easy loan FAQs

How much money do you need?

While applying and getting approved for easy loans online is a fast and simple process, that doesn’t mean it’s the right option for you. Fast online loans often offer limited funds. This is because you don’t need a good credit score to receive these types of loans, and they have a quick repayment period.

If you’re hoping to borrow thousands of dollars, fast and easy online loans may not be right for you. The maximum amount you can borrow online is limited by state regulations. As a result, some lenders can’t offer more than $500 to $1,000 in quick online loans.

Can you wait for the money?

Some lenders are much faster than others in getting you your money after you are approved for an online loan. If you need money the same day or on the next business day, choose a lender that offers quick funding.

Advance America offers same-day funding when you’re approved for your loan before 10:30 AM EST, and next-day funding on all loans after that time.

What are the loan interest rates and fees?

Anytime you are borrowing money, it’s essential to understand your interest rates and fees. Interest rates are an extra percentage of money you will pay to your lender.

If your loan doesn’t have interest rates, it likely has a flat fee, such as $15 for every $100 you borrow. The lower the interest rates and fees are, the lower your overall cost for the loan will be.

Is a loan right for me?

Financial worries and a busy schedule shouldn't get in the way of getting the quick funds you need to reach your financial goals. Whether you need a Payday Advance, a Line of Credit, or an Installment Loan, there is a loan option that is right for you and your situation.

About the Author

Jalin Coblentz has contributed to Advance America since 2023. His experiences as a parent, full-time traveler, and skilled tradesman give him fresh insight into every personal finance topic he explores.

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.
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