Loans come in all shapes and sizes these days, and it’s important to find a loan that will suit you. Cash Converters offer Cash Advance loan which is like a payday loan. Here we explain what they are and how they work.
What is a payday loan?
Payday loans are a short-term loan option for borrowing smaller amounts of cash. The term “payday” is used because sometimes these loans can come in handy when your next pay day is a little too far away. Payday loans are also often referred to as cash advance loans or cash loans. As payday loans are usually for smaller amounts, this generally results in a shorter repayment period.
Not all lenders perform checks to ensure your loan will be comfortable for you. Here at Cash Converters, we practice responsible lending, and people assess your loan not a computer. This means we can ensure each loan will work for our customers and their finances.
Features and benefits of
a Cash Converters Cash Advance loan.
It’s a simple process to get a cash advance from Cash Converters.
First, you tell us how much you would like to borrow. Then we check to make sure you meet our requirements, and the loan amount is suited to your income and expenses. If approved (which is typically done on the spot) the customer receives the cash advance immediately as cash in their hand. Generally, cash advance loans are paid back over four weeks and all customers are required to provide ID and recent bank statements.
- No security or credit checks required
- On the spot approval (our Cash Advance loans are available in store)
- Receive cash in the hand
Payday loan, how much can you borrow?
Your financial situation and overall suitability for the loan will determine how much we are able to lend you. A cash advance loan at Cash Converters can range anywhere from $50 to $1000.
Category: Payday loans