How to apply for a loan?
To apply for an instant cash advance, the borrower needs to:
Install the Vola mobile application;
Click on the "Create account" button;
Enter your name, state of residence, and email, and come up with a password;
Enter the code received by email;
Enter a phone number;
Enter the code from the received SMS;
Click on the "Add new bank" button;
Choose a suitable bank from the proposed list from Plaid;
Enter account details such as routing number and account number;
Click on "Advance Now";
Pay for a monthly subscription.
Requirements
To receive an instant cash advance, the borrower must link to the Vola account, a bank account that:
Has a minimum of $150 on balance
Active for at least 3 months
Active most days of the week
Receives regular deposits or income.
Application details
Vola does not require downloading additional documents. A borrower with any credit score and income level is qualified for cash advances from Vola as long as their bank account meets all the criteria.
