Advance Financial Loans in Huntsville (AL)

Advance Financial Loans
This page provides a detailed overview of all Advance Financial loans in Huntsville (AL), including lending terms, interest rates and customer reviews. Compare offers and choose the best loan product for your needs.
Offers: 2
Updated:
27.03.2024
13:09
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.99
(20 Ratings)
Recommended FinScore™
0
300
650
1000
25.00 – 3000.00 $
Rate
i

Interest rate

to 658.11 %
Term
i

Loan term for the financial product

to 6 months
Apply
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
25.00 – 4000.00 $
Rate
i

Interest rate

250.00 – 450.00 %
Apply

How to Apply for an Advance Financial Loan in Huntsville (AL)?

  1. Visit the Website. Once on the homepage, look for the "Apply Now" button, to start the application process.

  2. Select Loan. Select the type of loan you are interested in applying for. Advance Financial offers various loan options including Lines of Credit Loans among others. The availability of loan types may vary by state.

  3. Start application process. Fill out the online application form with your personal information, such as name, address, email, phone number, employment details, and any other required financial information.

  4. Submit your application. You may need to wait for a quick approval decision. The site mentions that the application process is simple and approvals are quick.

  5. Wait approval. Upon approval, review the loan terms carefully. This includes interest rates, repayment schedule, and any fees associated with the loan.

  6. Sign the documents. If you agree to the terms, follow the instructions to finalize your loan. This might involve signing electronic documents and providing any additional information or verification documents requested.

  7. Get your fund. Once everything is finalized, the funds may be credited into your debit card or bank account instantly, subject to bank participation. Make sure you understand when and how you will receive your funds.

Conditions and Requirements

Conditions

  1. Credit Limit. The amount of credit available to customers with a flex loan is determined by Advance Financial based on the customer's creditworthiness and other factors. The credit limit can range from $25 to $4,000.

  2. Interest and Fees. Interest is charged only on the amount of credit that is actually used, not on the entire credit limit. The APRs vary from 250% to 450%.

  3. Repayment. Flex loans are repaid in installments, with minimum payments due every two weeks. The repayment term is flexible and can be extended as needed as long as minimum payments are made on time.

  4. Credit Score. Flex loans can be a good option for customers who may not have a high credit score, as the creditworthiness criteria are more flexible than with traditional loans.

Requirements

  1. Eligibility. Customers must be at least 18 years old and be a resident of the state where they are applying for the loan.

  2. Documentation. You must have a valid government-issued ID, such as a driver's license or passport.

  3. Bank Account and Income. Customers must also have a steady source of income and have a valid checking account.

  4. Bank Participation. Instant funding into a debit card or bank account is available, requiring bank participation. This means your bank must support instant funding transactions.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional Resources

Other Loans in Huntsville (AL)