When you need cash ASAP and see the ‘same-day payday loans’ ads on Google, it may leave you wondering if this loan type is as fast as advertised. Indeed, for the first-time borrowers, the idea of applying for a loan and being able to get money on the same day may sound unrealistic. After all, any loan application requires gathering documents and going through an application process. Well, it’s true when you’re trying to get a conventional loan from a bank. With payday loans, it all works differently, and in this post, you’ll learn why.

Here's What You Need To Know About Same-Day Payday Loans

How Fast Can You Get a Payday Loan?

Here, at Tennessee Title Loans, Inc., when we say ‘same-day payday loans’, we mean your much needed cash can hit your bank account today if you apply early in the day. With Tennessee Title Loans, Inc., the approval process can take as little as 30-minutes.

Once you have signed your loan agreement, we will send out the cash right away. With most banks, this means that the cash could be sitting in your account within a few hours. At the latest, it will be there by the next working day.

How To Speed Up Same Day Payday Loans

Because the lending process with Tennessee Title Loans, Inc. is already quite fast, you won’t even need to speed it up. The one thing that you can do is to gather the following documents before you start the process:

• A government-issued photo ID
• Your most recent paystub
• A blank check from an active checking account in your name

These are documents are usually easily accessible and gathering them shouldn't pose too much of a problem.

How Same Day Payday Loans Work

So, why are our online payday loans in TN so fast? It is because our process is streamlined and doesn’t require jumping through multiple bureaucratic hoops. Many things that are required to be approved for a traditional loan (such as perfect credit and high income) aren’t required for payday loans. Here’s what the process looks like at Tennessee Title Loans, Inc.:

1. Fill Out An Inquiry Form

The process of getting your payday loan starts with a short online form that can be found on the Home Page of our website. Let us know if you are interested in a payday loan. This information will be sent over to your local Tennessee Title Loans, Inc. location and let our associates know you’re interested.

2. Speak To Us On The Phone

After the form is submitted, one of our team members will review your information and give you a call. The call normally comes through within a few minutes. We will ask you some more questions, explain how payday loans work, and guide you through the rest of the process. At this point, we’ll also schedule an appointment at the nearest location for your convenience.

3. Show Us Your Documents

The next step is to head to your nearest Tennessee Title Loans, Inc. location. You’re expected to bring the paperwork to the store where one of our associates will check it to determine how much cash you can get. The amount is based on your income and your ability to pay off the borrowed amount.

4. Sign Your Loan Agreement

If you qualify for a payday loan, you’ll be asked to sign the loan agreement. Make sure to read and understand its terms before putting down your signature to avoid any misunderstandings and possible complications because of that. Remember that our associates are always there to explain and clarify anything that seems confusing.

5. Get Your Cash

After going through the final stages of the process, the loan in the designated amount will be issued to you on the same day. The money will be available to you either within a few hours or on the next day. It all depends on what time of the day you apply and what type of bank you have.

6. Pay Off Your Loan

Making payments on your loan is easy with Tennessee Title Loans, Inc. as you can do it without leaving the comfort of your home. All you need is to find the “Make a Payment” tab in the Main Menu of our website and fill out the form that opens in a new table with your account number, your name, and your phone number.

Need Money Today? Let Us Know

With Tennessee payday loans, you could have access to cash today, and it all begins by filling in the inquiry form on our website. If you need cash to cover your emergency expenses, we want to hear from you. That cash could be sitting in your account in just a few hours.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.