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LoanNow: Better than Same Day Cash Loans

Although banks are the most conventional source for loans, when you’re facing a financial emergency, bank loans are usually not an option. Waiting weeks for a bank decision isn’t an option when your car needs a new transmission or your son wipes out on his bicycle and winds up in the hospital. You need cash, and you need it now.

If you’re really desperate, you may even seek same day cash loans. But besides friends and family members, there are only three legal sources for same day cash loans: credit card cash advances, pawn shops and brick and mortar cash loan stores.  And the convenience of same day cash often comes at a very high price. Other so-called lenders promising same day cash are not what they seem to be – and often represent a threat to your privacy.

Nobody has time for that sort of nonsense. Instead of messing around with same day cash loans that leave you in worse financial shape than you started. With LoanNow, you get the cash you need, when you need it, and repayment terms that you can live with.

Online LoansCredit Cards Provide Same Day Cash – With a Catch

With Credit card cash advances same day cash loans are as close as the nearest ATM, provided you have enough available credit on your account. But that same day cash comes with a catch. Unlike purchase transactions, credit card cash advances have no grace period. Interest charges begin accruing the minute the cash hits your hand. Worse, the APR for cash advances is usually much higher than that for purchases. If you take a large cash advance and only make minimum monthly payments, you could eventually pay many times more than the cash you received before you finally pay off the balance.

Pawn Shops Require Collateral for their Same Day Cash Loans

You can also obtain same day cash loans from a pawn shop with no questions asked, if you have personal property or merchandise that the pawn shop proprietor considers to be valuable. Pawn shops can be picky about what they accept. Gold chains and diamond jewelry – check. High end, high tech electronics and gadgets – check. Your cubic zirconium earrings or your 8 year old flip phone – not so much.

In addition, pawn shops only lend about 25 percent of what your property is worth. Plus, if you don’t repay the loan in full, with interest, within the specified period, usually about 30 to 60 days, you can say goodbye to your property for good.

Same Day Cash Loans Are Often Traps in Disguise

Brick and mortar loan stores routinely provide same day cash loans. You can go in on a Friday afternoon and walk out within the hour with cash on hand for the weekend. But that cash is actually a trap, which springs into action on your due date, which can occur within a week or 10 days after you obtain the loan.

The trap is the rollover set up by the lender through a combination of high interest rates, a demand for lump sum repayment and unrealistically short repayment periods – sometimes as short as 10 days. The result is that many borrowers find themselves unable to pay off their loans in full. After making a token payment, their loans are refinanced – rolled over into a new loan with a fresh set of interest payments and administrative fees. It doesn’t take much to visualize how someone could wind up paying many times more than you borrowed before the loan is finally paid off, despite making regular payments!

Online Sites Offering Same Day Cash Are Often Scams

You may have encountered websites promising same day loans. But in many cases, these websites don’t offer loans at all. Instead, they are aggregators that collect borrower information to distribute to third parties. Sometimes they merely sell information to the highest bidder! Desperate borrowers who submit “applications” to these websites often find their email inboxes jammed with SPAM and scams.

LoanNow Is a Better Alternative for the Cash You Needlong term installment loans

LoanNow understands that waiting weeks for a response from a bank can be a deal breaker. Our online application allows you to apply from the privacy of your own home, and receive a speedy reply. LoanNow also doesn’t require you to put your possessions on the line in pursuit of same day cash. We never require collateral for our personal loans, even if your credit is less than perfect. Instead, we look at your whole financial profile, not just your FICO score in making our lending decisions. We approve many borrowers that banks have turned down.

We also say no to rollovers. Instead, our repayment plans are structured with manageable monthly installments that work with your budget. If you fall behind, our customer service reps work with you to get you back on track. Borrowers who maintain consistent on-time payment records are rewarded with better lending terms on future LoanNow loans.

Don’t be misled by promises of same day cash loans from questionable sources. LoanNow is the better than a bank personal loan. Isn’t it time you discovered the LoanNow difference?

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Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

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* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.