Applying for an Amscot loan involves visiting their website, selecting the option to get started with a cash advance, choosing the nearest branch, and filling out an online form with personal details such as a valid government-issued photo ID, active checking account information, and proof of income. Once the form is submitted, you'll need to visit the selected branch to complete the application process and receive your funds.
How to Apply for an Amscot Loan
Access The Amscot Website. Start by visiting the official Amscot website. This is the first step in the application process for an Amscot loan.
Tap Get Started Now. On the homepage, you will see a button labeled "Get Started Now." Click on this button to initiate the loan application process.
Click Get Started Now With Your Cash Advance. After clicking "Get Started Now," you will be directed to a new page. Here, you need to click on the option "Get Started Now With Your Cash Advance" to proceed with applying for a cash advance loan.
Choose The Closest Branch. Amscot will ask you to select the nearest branch to your location. This is necessary because Amscot requires you to visit a branch to complete the application process and receive your funds.
Fill Out The Form With Your Personal Information. Once you have selected your branch, you will need to fill out an online form. This form will require you to provide personal information such as your name, address, social security number, employment details, and banking information.
Submit The Online Form. After completing the form with all the required information, submit it online. Amscot will review your application, and you will be notified of the next steps.
Conditions
Loan Term. The loan term can go up to 85 days.
APR. The Annual Percentage Rate (APR) range up to 338.93%
Loan Amount. You can borrow from $100 to $1,000.
Requirements
Be At Least 18 Years Of Age. Applicants must be at least 18 years old to qualify for an Amscot loan. This is a standard legal requirement for financial agreements.
Contact Phone Number. Amscot requires applicants to provide a valid contact phone number. This ensures that they can reach you for any necessary follow-ups regarding your loan application.
Valid Government-Issued Photo ID. To verify your identity, you must have a valid government-issued photo ID. This can include a driver’s license, passport, or state ID.
Active Checking Account. An active checking account is necessary for receiving and repaying the loan. You will need to provide account information such as a check or your routing and account number.
Proof Of Income. Proof of income is required to demonstrate your ability to repay the loan. Acceptable forms of proof include your latest pay stub, direct deposit slip, or a recent bank statement showing regular income deposits.
Reasons for Rejection
Insufficient Income. If your income is not adequate to meet the repayment terms of the loan, your application may be rejected. Amscot needs assurance that you can comfortably repay the loan amount.
Insufficient Age. If you are under 18 years of age, your application will be rejected.
Invalid Or Insufficient Documentation. Failure to provide valid or complete documentation, such as proof of income, a government-issued photo ID, or banking information, can result in the rejection of your loan application.
Inaccurate Personal Information. Providing incorrect or inconsistent personal information can lead to application denial. Ensure all information is accurate and up-to-date.
Existing Outstanding Loans. If you already have outstanding loans with Amscot or other lenders, this might affect your eligibility. Lenders prefer borrowers with manageable levels of existing debt.
Amscot does not conduct credit checks. Instead, it inquires about customers' status in the Florida State database for outstanding cash advances and installment cash advances.
Can I get an Amscot loan without a check?
No, to qualify for Amscot's services, Amscot conducts a hard pull on clientele's credit using the Florida State database.
How do I sign up with Amscot?
To sign up with Amscot, customers have to point out their email or account name and password and click Get Started.
