What Are Instant Cash Advance Loans?
Cash advance loans are a type of short-term loan, similar to payday loans, that people use to access money quickly, usually for an emergency. While they’re often available to a wide demographic of online borrowers, they also usually come with extremely high interest rates, especially for borrowers who fail to repay their balance in full right away.
Many consider CreditNinja online personal loans to be a more sustainable alternative to instant cash advances or online payday loan options because we’re able to offer more money, competitive interest rates, flexible repayment, as well as fast approval for borrowers with all types of credit scores.
Benefits of Online Cash Advance Loans
On the surface, instant cash advances can seem like a good choice because they can come with benefits like:
- Speed and convenience — Borrowers are often able to go through the entire funding process in a few hours or less. Thanks to online platforms and user-friendly apps.
- No need for collateral — Cash advances are unsecured, which means borrowers don’t need to put any of their property up as collateral.
- Accessibility for low-credit borrowers — People with poor credit, no credit, or even past bankruptcy are usually able to easily get approved online for instant cash advance loans.
While these are great benefits, they come at the cost of high interest rates and short repayment terms that can ultimately leave you in a cycle of debt. Instead, you may want to look into more affordable options.
Why Choose CreditNinja for Your Personal Loan?
We get it. Life happens, and sometimes expenses pile up. CreditNinja believes that everybody deserves access to quick, secure, and affordable financial solutions, even those with a less-than-perfect credit history!
Check out just some of the benefits you can enjoy when you get an online CreditNinja personal loan.
Easy To Apply
Click “Apply Now” to start a short application. If you’re on your mobile device, you can apply as easily as if you were using an app.
Same-Day Funding*
Get your money in just a few hours or as soon as the next business day.*
Low Credit Support
You don’t need perfect credit for our services and final approval!
Direct Deposit
Direct deposit services allow you to get your cash ASAP.*
Find Out if You Qualify Fast
See if you qualify for a loan in just a few minutes!
Get Your Money Quickly
Approved funds are deposited straight into your bank account.
How Do Instant Cash Advance Loans Work?
Borrowers can apply for cash advance loans online, over the phone, or in person, depending on the lender. Some lenders even integrate with third-party apps that help users compare loan options. When borrowing funds, many people use a budgeting app to help manage their expenses and payments more effectively.
After approved borrowers receive their money, they repay the balance plus interest and fees over a predetermined period, usually about two weeks or less, which is the average paycheck cycle. Those who fail to repay their balances in full within this short repayment period risk getting stuck with high interest rates or fees that are unaffordable, often leading to more debt.
Unless you can fully repay your cash advance loan within about 14 days, you may want to look at more sustainable and secure financing options, like a bad credit personal loan.
How Do CreditNinja Loans Work?
Getting approved for a CreditNinja personal loan is fast, easy, and secure. Also, everything can be completed online! Just submit an application and we’ll take a look at your info. If you’re approved and you sign your contract, you should receive your approved funds in a few hours or as soon as the next business day!*
Here’s a breakdown of how it works:
Apply Online Fast & Easy
Answer a few questions and get an approval decision.
Income Verification
We’ll use Instant Bank Verification (IBV) to verify your income.
Same-Day Availability*
Sign your contract and receive your approved funds right away!*
Eligibility Requirements: What Do I Need To Apply?
Cash Advance Loans
Requires that borrowers be 18 years or older, have proof of income, have an active checking account, and may also require the borrower to meet certain credit score requirements.
CreditNinja Loans
CreditNinja online installment loans also require borrowers to be 18 years or older, have a steady income, and have an active checking account. We also work with borrowers with all types of credit scores, there is no minimum to apply!
Online Cash Advance Rates and Fees
Rates and fee structures can be high for many types of cash advance loans. Since they’re often used while people are in between paychecks, lenders often expect borrowers to repay their balance in full as soon as they get paid. This forces borrowers to repay their loans right away or get stuck with higher interest rates or fees.
CreditNinja personal loans are different because they come with flexible repayment, manageable monthly payments, and absolutely no hidden fees.
What CreditNinja Loan Customers are Saying
CreditNinja is proud to help people from all over the United States find quick, secure, and easy financial solutions. Check out a few online reviews to see what people are saying about CreditNinja!
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I had received offers from Credit Ninja in the past, but I didn't need them yet. Life often takes bad turns and this time I did need them. At first I was skeptical of applying with them because of the name, but then I decided to try them anyway. I opened the application, they do ask a lot of personal and financial questions. Not only do they want to protect the customer, but they also need to protect the company. Thank you very much for your assistance. - Jo Elda |
It didn't take any time at all and I conducted everything online. I didn't have to call anyone just to verify everything that I've already told them online. I got the loan I needed for my precious dog's surgery. I want to keep him with me for as long as I can and thanks to CreditNinja I can. I've always heard good things about them and now I know it's true. I would recommend all my friends. - Dorothy Smith |
The process was relatively simple and I'm truly grateful for the opportunity to receive a loan to get my car fixed. It wasn't the amount requested, but it was a fair amount considering my credit score. I will make myself worthy of this. So, Thank You so MUCH!!! - Vernetta |
Online Cash Advance Loans FAQs
How do I borrow money asap?
The best way to borrow money immediately is to apply with a lender specializing in quick cash loans. CreditNinja not only offers fast online loans, we also offer competitive interest rates and flexible repayment.
How do you apply for a cash advance loan?
Some lenders have online, over-the-phone, or in-person options when it comes to applying for cash advance loans. CreditNinja also offers a fast cash solution with our easy online application, where people can apply anytime from their smartphone or computer.
Is CreditNinja a licensed lender?
Yes! CreditNinja has been an accredited lender since 2018 and has serviced more than 275,000 people! We are not a bank, but a direct lender specializing in funding for borrowers with bad credit.
What happens if I can’t repay my loan by my due date?
If you find yourself unable to keep up with your monthly payments, give us a call and see what we can do for you. There may be refinancing options or payment adjustments that can help make your loan more affordable! Avoid late fees and reach out before you miss a payment.
Can I get an online cash advance loan with bad credit?
There are many cash advance loans available for people with bad credit, with or without credit checks. CreditNinja specializes in bad credit loans that have the potential to actually help improve your overall credit with time!
Does a cash advance hurt your credit?
It can. Any loan has the potential to hurt your credit when used irresponsibly. Failing to make payments, defaulting on your loan, and credit checks, are some of the most common reasons people see their credit drop after getting a loan.
CreditNinja works to protect consumers and their credit by offering flexible repayment with manageable monthly payments that set borrowers up for success.
Still Have Questions? Contact CreditNinja Today
Whether you’re dealing with a surprise phone bill, a smaller paycheck, debt, or surprise expenses, a small personal loan could be the perfect solution. Instead of stressing about your finances, let CreditNinja help out so you can focus on what matters: you!
Fill out our short online application today!
CreditNinja is your trusted source for quality personal finance information. With a demonstrated history of helping borrowers in need, CreditNinja makes your financial growth and understanding our top priority. Whether you want to learn more about budgeting, saving, credit cards, or personal loans, at CreditNinja we are here to help.