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 loans, and here we explain what they are and how they work.
Cash advance loans are a short-term loan option for smaller amounts of cash compared to other loan options. To put it simply, a cash advance loan is where cash is paid out by the lender to the borrower in advance of expected wages or income. As cash advances 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.
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.
Your financial situation and overall suitability for the loan will determine how much we are able to lend you. A cash advance loan with Cash Converters can range from $50 to $1000.