How Do I Apply for an Installment Loan?

At Speedy Cash, we are dedicated to getting you cash the way that is most convenient for you. That's why we offer options to apply for an installment loan by calling Customer Service to apply over the phone, clicking to apply on our website, or coming into a Speedy Cash location.

Based on how you choose to apply, here's how the process works...

Apply Online

  1. Fill out your loan application completely online at SpeedyCash.com
  2. Once the application has been submitted, we will process it and provide you with an instant lending decision
  3. If approved, select how much you would like to borrow, up to your maximum approval amount
  4. Review and sign your loan documents directly online
  5. Once your documents have been signed, select how you would like to receive your funds
  6. Get your cash!

Apply by Phone

  1. Fill out your loan application completely online at SpeedyCash.com
  2. Once the application has been submitted, we will process it and provide you with an instant lending decision
  3. If approved, select how much you would like to borrow, up to your maximum approval amount
  4. Review and sign your loan documents directly online
  5. Once your documents have been signed, select how you would like to receive your funds
  6. Get your cash!

Apply in Store

  1. Fill out your loan application completely online at SpeedyCash.com
  2. Once the application has been submitted, we will process it and provide you with an instant lending decision
  3. If approved, select how much you would like to borrow, up to your maximum approval amount
  4. Review and sign your loan documents directly online
  5. Once your documents have been signed, select how you would like to receive your funds
  6. Get your cash!

Installment Loans FAQs

A: No matter how you choose to apply for an installment loan from Speedy Cash, you will need the following to complete your application:
  • Valid identification
  • Income information
  • Checking account information
A: The amount you can borrow with an installment loan depends on several factors, including your monthly income, credit score, and the maximum loan amount available in your state. To see the maximum amount available in your state, view your state's loan page.
A: Picking a loan type depends on your personal situation. There are a few questions to ask yourself that can help you determine which loan is best for you.

The first question to ask is "how long do I need the loan?" If you just need cash to carry you over until pay day, a payday loan may be best. But if you need the money for a bit longer, an installment loan may be a better solution. The second question to ask is "what is the difference in fees/interest?" Remember that installment loans charge daily interest and payday loans usually charge a flat fee. Depending on your circumstances, it may actually be less expensive to get an installment loan.

Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Installment title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19. A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Customers with credit difficulties should seek consumer credit counseling.

In Texas, Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. and Western Union Financial Services under Chapter 151 of the Texas Finance Code.

In Ohio, SCIL, Inc. dba Speedy Cash, is a registered Ohio Credit Services Organization (CS.900174.000) operating pursuant to the Ohio Credit Services Organization Act. The actual lender is an unaffiliated third party.

CA: Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law. Installment Title Loans subject to minimum auto value requirements.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Opt+: This card is issued by Axiom Bank or Metropolitan Commercial Bank, Member FDIC, pursuant to a license from Visa. Visa is a registered trademark of Visa USA Inc. All trademarks and service marks are property of their respective owners. ATM: Free withdrawals at any Speedy Cash or Rapid Cash location. Transaction fees will apply for all other ATMs. No charge loads/unloads at Speedy Cash and Rapid Cash locations only.

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