How to Borrow Money Fast

If the unexpected happens and you’re short on cash, there are several ways you can borrow money fast to cover your expenses. Let’s take a closer look at how borrowing instant money loans works and all of the options at your disposal so you can borrow money instantly.

How does borrowing instant money loans work?

With an instant money loan, you can borrow money from a lender online or at a physical store location. These loans typically come with easy applications that you can complete in just a few minutes. You’ll just need to provide several personal and financial details, including your name, address, proof of income, and bank account number.

Once you submit your application, many lenders offer instant or quick approval decisions for instant money loans. So, you may find out whether you’re approved to borrow money right away. Then, you may receive the funds as soon as the same day you apply to cover expenses instantly.

How to borrow money online instantly or fast with money loans

Here are some money loan options Advance America offers if you need to borrow money fast:

Payday loans (Payout in 24 hours)

Also known as a cash advance, a payday loan is a short-term, small dollar amount loan. You’ll have to pay it back when you get your next paycheck, which will likely be within two to four weeks. A payday loan will typically include a fee for every $100 borrowed, where the limit of the fee is set by the state the loan occurs in. You can easily apply for an online payday loan with Advance America and, if approved, receive a payday loan within 24 hours of your application. Apply at one of our Advance America locations and walk out with cash in hand.

Installment loans (Payout in 24 hours)

If you’d like to borrow a larger amount of money than your paycheck can cover, an installment loan can raise the maximum limits of your loan. You can repay it in installments over a longer period of time, ranging from 3 to 36 months, where a longer term lowers monthly payments but also increases interest rates on the debt compared with shorter terms. Online application for an installment loan with Advance America can take minutes to complete, with decisions on your application within minutes and funding same day if your online application is processed before 10:30 AM ET during the week.* If applying at an Advance America location, you can walk out with the money you borrowed in minutes.

Line of credit (Payout in 24 hours)

For a more flexible financing option, a line of credit is similar to a credit card in that you can borrow as much or as little as you want up to your limit. You’ll only pay interest on the amount of money you borrow. Your maximum credit line will be determined after you apply online for the line of credit and will depend on your credit history and income. Apply at an Advance America location for money in minutes.

Title loans (immediate payout)

With a title loan, you can get fast cash in exchange for your car’s title. The value of your car will determine how much money you can get. Fortunately, you’ll get to drive your vehicle while you repay the loan. Apply for a title loan with Advance America and receive a fast decision, the car’s value can only be officially appraised and the loan paid out when you drive your car to an Advance America location.

Types of Fast Loans

Benefits of borrowing money fast with money loans

Here are some benefits of borrowing money fast with easy money loans from Advance America:

Apply online

You may apply to borrow money with a money loan from Advance America online from the comfort of your own home. Our short application form will ask you a few personal and financial details, and you can complete it within a few minutes.

Get a fast decision

Advance America offers instant or quick decisions. Borrowers won’t have to wait days, weeks, or months to find out whether they’re approved for a money loan from us. A fast approval means quick funding.

Get approved without needing good credit

If you don’t have great credit, don’t worry. Advance America may look beyond your credit history and consider other factors like your income and employment situation when deciding whether to approve you for a money loan. You don’t need good or excellent credit to borrow money instantly.

Other ways to borrow money instantly

When you need to borrow money fast, here are several other ideas you can consider.

Loan from friends and family (immediate payout)

While it may be uncomfortable to ask a friend or family member for money, doing so is often a safe and affordable move. If you go this route, be sure to put a formal agreement in writing and create a repayment timeline. This way everyone is on the same page and there’s no confusion or uncertainty.

Pawn shop loans (immediate payout)

If you own something valuable like a diamond necklace or power tool, you can walk into a pawn shop and borrow money right away. Most pawn shops will provide a cash loan up to a percentage of the full resale value of your item. The pawn shop will keep your item until you repay your loan, usually within 60 days.

Home equity loans (6–12-week payout)

Home equity loans can give you the opportunity to borrow money against the equity in the home you own. Your home equity is the difference between what you still owe on your mortgage and the current value of your home. The two types of home equity loans include home equity loans and Home Equity Lines of Credit (HELOCs). However, given the lengthy application and approval process for home equity loans, getting cash in hand can take up to 8 weeks.

Where to borrow money fast with fast money loans

There are a variety of places you can go to if you are looking to borrow money fast including:


Some big-name and community banks offer express loans geared toward borrowers who want to borrow money fast. But if you don’t have the best credit, you may have some trouble qualifying. Any interest rates associated with bank loans will be based on your credit history, where higher credit scores can earn lower rates and higher maximum loan amounts.

Peer-to-Peer Lenders

A peer-to-peer lending platform can connect you to investors who are willing to lend you money. Compared to traditional lending options from banks, peer-to-peer lending offers a fast online experience and lenient borrowing requirements.

Online Lenders

An online lender can give you the chance to get the funds you need quickly from the comfort of your couch. Depending on the lender you choose, you may see the money in your account as soon as the next business day. Advance America offers online loans in multiple states.

Cash Advance Lenders

With a cash advance lender like Advance America, you can borrow money fast through a variety of loans that are available both online and in-person. In addition to cash advances or payday loans, we also offer installment loans, lines of credit, and title loans in select states.

Steps to borrow money instantly

If you want to borrow money instantly, follow these steps:

1. Compare lenders

Shop around online and compare multiple lenders to find the right option for you. Make sure you choose a safe and reputable lender with a good Better Business Bureau rating and positive online reviews.

2. Choose an instant money loan

Once you’ve chosen a lender, it’s time to decide which instant money loan is right for your needs. If you just need a few hundred dollars to tide you over until your next paycheck, for instance, then you may want to consider a payday loan. But if you need a larger sum of money to cover a car repair or medical bill, then an installment loan may make more sense.

3. Fill out and submit an online application

You can fill out an application for an instant money loan online from the comfort of home. Provide all necessary details and double check to make sure all information is correct before submitting. Then, you can submit your application and wait for approval to borrow money.

4. Receive your money instantly

If approved for an instant money loan, you may receive the money as soon as the same day you apply or within 24 hours. This means you can use the funds you borrowed to meet your financial needs right away.

What is the right instant money loan for me?

The right fast money loan for you depends on your unique situation. If you need to borrow a couple hundred dollars to hold you over until your next payday, a payday loan may make sense. An installment loan can be a good option if you’d like to borrow a larger amount of money at once. If you own your car and want money immediately, consider a title loan. Lastly, a line of credit is the way to go if you’re unsure how much money you need to borrow and prefer some flexibility.

You can borrow money instantly

You don’t have to wait weeks or months to get the money you need. Now that you know how to borrow money fast, consider all your options and figure out the best fit for your unique situation.

*Online applications processed before 10:30 AM ET (Monday – Friday) may be eligible for same-day funding to your bank account. Online applications processed between 10:30 AM ET and 8:00 PM ET are typically funded the next banking day, but exceptions may apply.

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