What is a cash advance?

If you need a cash advance, Green Leaf Loan Group is the answer.Cash advances are small, unsecured cash loans which are borrowed over a short period of time and are most commonly paid off in full in one repayment. This type of loan is designed for people who need to cover emergency costs but who can’t immediately access the cash themselves. They are commonly known as cash advance loans as the loan amount is typically a small percentage of a larger amount that the borrower expects to receive from other sources, such as pay from employment or a tax rebate. When the anticipated payment comes in, the cash advance is usually paid off in full, with a little extra added on fees. Payday loans are a type of cash advance loan, the only difference being that the term “cash advance” can describe any loan taken out in anticipation of any small payment, not necessarily just pay from employment. Of course, the borrower would need to provide solid evidence that they will be receiving a payment so that the lender can trust they will pay back the loan.

Why apply for a cash advance?

Cash advances can be a real life saver when the unexpected rears its ugly head and forces you over your monthly budget. If you can’t get to work because your car needs repairs; if your washing machine breaks and you can’t afford to fix it; if a utility bill has taken your bank account into the red… taking out a cash advance can help get you back on track. Though the interest rates are usually quite steep with this kind of loan, cash advances are incredibly useful when you find yourself in a tight financial jam, particularly if you do not have the option to borrow from family or friends. Cash advances provide a much needed safety net so that when the unexpected happens and you need money urgently, you won’t have to suffer the consequences of not having the funds to hand!

Get your cash advance the same day!

Cash advances are one of the fastest ways to put some extra cash in your pocket.Cash advances are one of the fastest ways to put some extra cash in your pocket. They have one of the fastest turnaround times of all short-term loans, with borrowers usually receiving their money the same day as they complete their application, often straight away. The Green Leaf Loan Group online application form takes just a couple of minutes to fill in – this means that when you’re accepted, your cash advance could be in your bank account within the hour! To find out more see how it works or jump to our online form to get your application underway.

It’s easy to qualify for a cash advance!

Getting your hands on a cash advance is far simpler than you may think. Many direct lenders do not conduct credit checks when making the call on cash advances as they only need to know that you will be able to cover the repayment, with fees attached. Usually, proof of your regular earnings is enough for your application to be approved. This means that no matter what your credit history you are likely to be accepted, making cash advances fantastic emergency cash resources for people with bad credit ratings. Start our easy application now and find out if you qualify for a quick cash advance.

Cash advance repayment options

Cash Advances are a smart short-term option through Green Leaf Loan Group.Most direct lenders will give you the option to pay off your cash advance over the course of one to three payments, up to a time period of around three months. If possible, it is best to pay your loan off in full at the first repayment so that the interest you have to pay is minimal. Cash advances typically have high interest rates, so they can be fairly affordable when borrowed over a short period of time, but are not suitable for long-term borrowing or debt consolidation.

Cash advances keep your options open

Believe it or not, cash advances can actually represent a fairly flexible and safe borrowing option. They are taken out in anticipation of a future payment (be that your monthly payday or another cash pay-out) and unfortunately, people cannot always guarantee that money will be paid to them exactly when they expect it. Our direct lenders understand that these things sometimes happen and are beyond your control, which is why many of them will give you the option to extend the borrowing period of your cash advance loan if you need to.

How much are cash advances?

At Green Leaf Loan Group, we find people loans ranging between £100 and £2500. Cash advances are usually smaller loans which sit on the lower end of this spectrum, as the interest is fairly high and they are intended as a cost covering solution in the event of an emergency. Most borrowers who access cash advances choose loan amounts of £100 to £500 and the amount you are offered will be based on how much you can afford and the size of the anticipated payment with which you intend to pay off the advance.

Why apply for a cash advance with Green Leaf Loan Group

Choosing to apply for a cash advance with Green Leaf Loan Group will give you the best possible chance of being accepted for a loan, and will keep the cost of borrowing to a minimum. With our one simple application form we access the UK’s top direct lenders to match you up with the most suitable loan, at the best rates we can find! We understand how much stress can be caused by unexpected expenses. That’s why our application process is as quick and easy as they come! Our form takes around two minutes and you’ll have your answer in seconds – you could even receive your cash advance within an hour of being approved! Apply today and see what Green Leaf Loan Group can do for you.

Cash Advances as explained by Investopedia

Investopedia defines a cash advance as a short-term loan from a bank or alternative lender. The term also refers to a service provided by many credit card issuers allowing cardholders to withdraw a certain amount of cash. Cash advances generally feature steep interest rates and/or fees, but they are attractive to borrowers because they also feature fast approval and quick funding. If you would like to learn more, please click here to visit www.Investopedia.com.

Disclaimer: If you are offered a loan, you do not have to accept it. Please carefully analyze the terms and conditions of the application before signing and submitting. Loans are not recommended for those that do not retain a current full time employment status such as students.