Payday Loans in Ocala, FL
Have you recently found yourself strapped for cash with no way out? Have your bills been piling up more by the day, and you need a quick way to cover them? If any of this resembles your situation, we might have the product for you. Applying for payday loans Ocala could be the help you need to get your finances in order.
These are short-term loans with high-interest rates that go up to $500. All you need to do is go through a short application process that can be done online and in-store. You can then use the cash advance to pay off medical bills, your utilities, or whatever unpredicted expenses life throws your way.
Applying for a Payday Loan Online in Ocala, FL
Applying for payday loans with AdvanceSOS is a quick and effortless experience. To ease you into the process, we broke down the steps:
- Go to our website and locate the ‘Apply’ button. Here, you’ll need to fill a short form that only takes a few minutes of your time.
- We will instantly notify you about the outcome of your request.
- Accept the terms and conditions regarding your loan agreement and then sign it.
- Since our lenders offer same-day deposits, you won’t have to wait long for the transaction to go through. The loan should show up in your balance in no time.
- Make sure to pay off your loan by the due date so that you can avoid extra charges.
What Will You Need?
There are a few personal details you’ll need to provide in the loan application. Lucky for you, we listed them all in one place:
- A valid, government-issued ID that proves you’re a resident of Ocala and of legal age.
- Present a verifiable, steady income source of at least $1,000.
- Proof of income of at least $1,000 a month.
- An active checking account.
- Valid contact information, including an email address and phone number.
Depending on individual cases, we may ask for a few more details. So, make sure to have your SSN, pay stubs, or other income proof at hand.
How Much Can You Borrow?
Florida law decides the cap on the amount of cash advance customers from Ocala can apply for. You can qualify for a loan size within the following range:
- 100 dollar loan
- 200 dollar loan
- 300 dollar loan
- 500 dollar loan
- 1000 dollar loan
The final approved sum depends on your eligibility and ability to pay back on time. If you meet all application criteria, there’s a very high chance of getting fast approval.
When Will You Receive Your Funds?
Incredibly fast! Our lenders provide top-class service and put in the deposit the very same day as the loan approval. So, the money should show up in your bank account within 24 hours.
Yet, in some circumstances, the deposit might be delayed until the next business day. This is due to the loan being dependent on the time you apply and get approved. For instance, if you apply on a non-working day, you’ll have to wait until the next business day.
APR And Fees
The APR in Florida is set at 304%. Yet, we must mention that the percentage can vary depending on the loan term and size. Smaller loans come with higher interest rates.
Ocala residents first need to cover a $5 verification fee for their loan application. Afterward, the lender charges you up to 10% of the loan. So, if you borrow $300, you’ll spend a maximum of $35.
Regulations Surrounding Payday Loans in Ocala FL
The Florida Office of Financial Regulation oversees all payday loans in Ocala. Some of its guidelines include a $500 cap per single-payment payday loan. The loan term ranges between seven and 31 days. Personal loans, however, are capped at $1,000.
Applicants can also take out only one loan at a time. Moreover, you must pay the first one off and wait 24 hours before applying for another loan. Still, even if you can’t pay the loan back on time, lenders grant a 60-day grace period. Meaning, you get two months before the lender charges you extra.
Payday loans Ocala isn’t necessarily your only option! Residents of the State of Florida have several loan alternatives at their disposal. Check out these extra options.
Bad Credit Loans
Are you someone that has a bad credit score and is enthusiastic about improving it? If so, applying for a bad credit loan might be the solution for you. We offer loans for all credit scores in Ocala. So, even if your score is under 550, you shouldn’t have trouble getting loan approval.
We must mention, however, that personal bad credit loans are unsecured. Hence, you’ll likely endure high-interest rates. Since your credit score is low, lenders don’t have any collateral and will probably check your credit score. Additionally, make sure to provide the lender with proof of income. This raises your chances of getting approved.
If you need some quick cash, getting a title loan might be the choice for you. These short-term loans work by you using your vehicle as collateral. Once you back the loan with your car, the lender takes on less risk and is more likely to approve it.
During the loan period, the customer still gets to keep and use their car. Still, the lender has ownership over the vehicle. Once you pay it off, you get your vehicle back.
Emergency Car Repair Loans
Have you recently endured some unforeseen car expenses? You can resolve this situation by taking out an emergency car repair loan!
Customers can choose between secured and unsecured loans. If you choose an unsecured loan, the lender will likely run a credit check. If you have no problem using your car as collateral, however, go for secured financing.
No Credit Check Loans
Being approved with only a soft check will depend on the risk you bring to the lender. Our lenders will consider your income, employment type, and other factors.
If you’re an Ocala resident that prefers short-term loans with no credit checks, we have the product for you! We offer payday loans online with no hard credit checks. In these situations, the lenders usually examine your employment, income, and other factors for their protection.
Payday Loans for Unemployed
If you’re currently in between jobs, applying for our small loans could be a lifesaver. To get approved, consumers must provide a valid income source. It’s also desirable to have a good credit score.
Legit Payday Loans
Though getting a $500 advance payday loan is easy, it might not be enough for your situation. That’s why here at AdvanceSOS, we offer a range of quick and legit cash loans to almost all credit scores. To get the best legitimate offers from our Ocala, Florida lending partners, just enter your zip code in our loan locator.
ATM Locations in Ocala, FL
|Cardtronics ATM||2000 SW College Rd, Ocala, FL 34471|
|ATM||2449 E Silver Springs Blvd, Ocala, FL 34470|
|Cardtronics ATM||801 SE 17th St, Ocala, FL 34471|
|PNC Bank ATM||4025 SW College Rd, Ocala, FL 34474|
|PNC Bank ATM||1001 S Pine Ave, Ocala, FL 34471|
|PNC Bank ATM||3601 E Silver Springs Blvd, Ocala, FL 34470|
|ATM||3232 W Silver Springs Blvd, Ocala, FL 34475|
|ATM (Sunoco)||963 E Silver Springs Blvd, Ocala, FL 34470|
|Bank of America ATM (Drive-thru)||1120 SE 17th St, Ocala, FL 34471|
|SunTrust ATM||3990 SW College Rd, Ocala, FL 34474|
|Cardtronics||2401 SW 27th Ave, Ocala, FL 34471|
|Cardtronics ATM||3500 SE Maricamp Rd, Ocala, FL 34471|
|PNC Bank ATM||3312 W Silver Springs Blvd, Ocala, FL 34474|
|Bank of America ATM (Drive-thru)||3120 SW 34th Ave, Ocala, FL 34474|
|PNC Bank ATM||1001 S Pine Ave, Ocala, FL 34471|
|Bank of America ATM (Drive-thru)||2326 E Silver Springs Blvd, Ocala, FL 34470|
|Wells Fargo ATM||109 W Silver Springs Blvd, Ocala, FL 34475|
|BB’T – ATM||1626 SE 36th Ave, Ocala, FL 34471|
|ATM (Regions Bank)||1700 SE 17th St|
|SunTrust ATM||110 NW 1st Ave, Ocala, FL 34470|
|ATM (Regions Bank)||2800 E Silver Springs Blvd|
|Cardtronics||1719 SE Lake Weir Ave, Ocala, FL 34471|
Amanda is a senior writer at AdvanceSOS. She has more than six years of journalism experience, mostly in the finance sector. She graduated with a Bachelor’s Degree from Drew University.