Military Cash Advance FAQ
Everyone needs a little extra cash once in awhile and this includes military personal as well. The good news is that when you are in the military you can apply for a military cash advance loan. Using cash in advance loans for military personal is a great way to get the cash you need fast and easy.
It is always a good idea to know as much as possible about this type of cash advance before applying for the loan. The most commonly asked questions and answers regarding a military cash advance loan are listed below. This will help you know exactly what to expect.
Q: What is a military cash advance loan?
A: A military cash advance is a special type of payday advance loan that is designed for military personal only.
Q: What are the requirements of a military cash advance loan?
A: You must be enlisted in the military at the time of applying for the payday advance loan and have a checking account.
Q: Do you need proof of income?
A: No. A military cash advance loan does not require a check stub or other proof.
Q: What do you need to get a military cash advance?
A: Most military cash advance lenders require a post dated check.
Q: Do you need collateral to receive military cash advance loan?
A: No. A military cash advance loan does not require any collateral.
Q: How long does it take to receive a military cash advance loan?
A: You will receive a loan check instantly from the lender when they receive your postdated check.
Q: How much can you borrow on a military cash advance loan?
A: It depends on your salary and could be as low as $100 and as high as $1000.
Q: Can you apply for a military cash advance loan online?
A: Yes. Instead of using a post dated check, you will be giving the lender authorization to deduct the payment from your checking account on the agreed date.
After you pay the first military cash advance loan off, you can normally borrow a higher amount of money the next time you need this type of service again. Everyone needs a little extra cash from time to time to help bail them out of an emergency and using a military cash advance can be your answer. The process is easy and is usually approved on the same day. However, it is suggested that you check with different lenders to make sure you get the best interest rates available.