Same Day Cash Advance Loans Online From Direct Lenders – Get up to $5000!
There are times in life when you can’t wait for your paycheck to cover the emergency expenses that come up unannounced. When you are caught cash strapped and with bad credit too, seeking loans from traditional banks or credit unions is out of the question. They typically follow a strict system of lending, and even if you apply for their fast approval loans, they may reject your application due to bad credit score.
Most people turn to the payday loans online because these are quick short-term cash advances sent to the bank account within 24 hours. While most of the direct lenders can guarantee to credit money to your account by the next day, many will send you on the same day. The quick approval of loans, no fax, no credit check makes same day cash advance popular.
However, to get an online payday loan on the same day, whether or not it is 100 dollars or 1000 dollars, there are a few things that you need to keep in mind. We will discuss them below to help you get instant cash loans to cover your immediate expenses.
What Is the Cut off Point for Same Day Cash Advance
Everything lies in the right timing. Most direct lenders will offer same day loans from Monday to Friday if you submit the duly filled online application before 11.45. If you miss the last Friday cut off time, you will have to wait until the next business day because banks that are responsible for transferring funds remain closed over the weekends.
Similarly, on the bank holidays and notational holidays, the banks will not be operational. While you can still submit the online payday loan application and accept the loan agreement sent by the lender, you may have to wait for the banks to open to get funds in your account.
Some direct lenders even operate over the weekends, and although the banks will remain closed, you can find other ways to get the cash advance. For example, you can visit the payday lender’s branch office in your location to get cash in hand.
Alternatives, some direct loan lenders also accept prepaid debit cards as an option instead of checking or savings accounts to send you money. So, instead of crediting the bank account, they may load money on your prepaid debit card to help you pay on various merchant outlets using the card.
What Are Benefits of Same Day Cash Advance Loans
When you need money on the same business day, the options may be limited because the traditional financial institutions take a lot of time to process a loan. That’s a primary reason why payday loans have become so popular. Here are some benefits worth noting:
- They won’t perform a hard check of credit scores; as a result, more people are eligible for the cash loan
- Borrowers get access to loan amount on the same day when they submit the filled online application
- Having bad credit does not disqualify or reject the application requests from individuals
- The direct payday lenders do not ask for any paperwork or faxing of documents to get the loan
- This type of loan is an unsecured form of the cash advance, which means you don’t need to provide any collateral
- Same day loans are perfect options to help you borrow small to high amounts of loans
- The online application for payday loans is safe and secure. It is a transparent process
- The same day loan lenders are legit and registered, so there is no risk
- You don’t need to borrow money from friends or employer as you have quick access to money
- The terms and conditions are simple to help more people seek a payday loan with convenience
Who Is Eligible for a Direct Lender Cash Advance on the Same Day
When you open a direct loan site such as Massat Loan, you will find an online application form on the homepage. Unlike an extensive paper application you see at the traditional banks, there are fewer fields to fill out. Hence, it takes only a few minutes to complete the application form and submit it before 11:45 am. Any individual who fulfills the following is eligible for a payday loan:
- Should be employed or have an income of 1000 dollars per month
- If not employee of a firm then must have an alternative steady source of income
- Should be at least 18 years of age or above
- Should be a citizen of the country
- Should have a valid email address and phone number
While you are not required to fax any documents, you may need to provide an online age proof such as a driver’s license, passport, social security ID. You may also need to provide proof of address (utility bills, phone bill, cable bill) and income proof (pay stubs or online bank statements).
You will be required to fill in your name, age, and other information, as mentioned above. After you have duly filled the loan application form, you must send it online. The direct loan lender usually processes the application within a few hours and sends your loan agreement.
After you sign the agreement, the loan amount is sent to your bank account on the same business day to help you meet your expenses.
Frequently Asked Questions on Payday Loans
How Can I Get a Loan on the Same Day?
To get a cash advance on the same day, you must apply for payday loans online before 11:45 am. It will ensure that your loan application is processed faster and the money reaches your account on the same day.
How Can I Get Emergency Cash Fast?
To get quick emergency same day cash in your account, you must apply for loans online. The payday loan lenders do not perform a hard credit check, and even if you have a poor credit score, you can still get same-day approval of the loan based on your employment only.
Are Cash Advances Instant?
Yes, the payday lenders offering online same day cash advance accept the loan application instantly without much paperwork and send funds within a few hours to help you cover your emergency expenses.
What Does Taking an Immediate Cash Advance Mean?
When you take an instant cash loan, they often involve a high-interest rate and fee. However, people still choose this option because, unlike other traditional methods of getting payday loans, you will receive the funds with any credit check on the same day through an online wire transfer. The same day approval and quick disbursement make the same day cash advance a reality.
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