How Do I Apply for a Loan at ACE?

Life at ace  •  March 01, 2022  •  5 mins read
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Life doesn’t always go according to plan. When faced with an emergency expense, a loan may be the best way to get you the money you need quickly.

Before applying for a loan, you may first want to do research on which type of loan is best for your situation. Also, since loan types vary by state, you should check what loans are available where you live.

At ACE Cash Express, loan applications are available online and in-store, depending on your state. In this blog, you will learn all about the loans you can apply for at ACE, and if they are available in your state.

What type of loan applications are available at ACE?

At ACE Cash Express, you can apply for a payday loan or an installment loan online or in-store, depending on the state where you reside.

A payday loan, also called a payday advance or cash advance, is a short-term loan that will generally be due on your next payday. These loans are designed to help with unexpected expenses until you get paid again.

the borrowed money than a payday loan.1 You will typically make several smaller payments compared to paying a lump sum with a payday loan.

How do I apply for a loan?

1. Check availability

To apply for a loan at ACE, you’ll first need to check which loan is available in your state. Currently, we offer payday loans in the following states:

You can also apply for an installment loan, which is available in these states:

  • Delaware (online):  up to $2,000
  • Florida (in-store and online): $100 - $1,000
  • Louisiana (in-store): $400 - $700
  • Missouri (in-store and online): $100 - $2,000
  • Ohio (in-store): $100 - $1,000
  • Oklahoma (in-store): $50 - $700
  • Texas (in-store and online): $100 - $2,000 (installment loans not available in Austin or Dallas stores)
  • Virginia: $100 - $1,000

2. Apply online or in-store

How to apply for an online loan

To apply for an online loan, you’ll need to complete a quick application for an online payday loan or installment loan. There are no fees to apply. Once you’ve submitted your application, you will receive an instant decision about your eligibility.

How to apply for an in-store loan

You can also apply for a payday or installment loan in-store, where available. Just ask one of our friendly associates to start the loan application process and provide the necessary information.

If loans are available in your location, you can complete the application provided by our staff or complete the online application. When you apply, you will need to be able to provide the following information:

For online loans:

  • A Social Security Number or Individual Taxpayer Identification Number
  • A valid and active email address
  • Proof of an active bank account that has been open for at least a month. California customers must have proof of an active, personal checking account that has been open for at least one month.
  • Evidence of a steady, recurring source of income, such as employment, self-employment, disability, retirement, or another source

For In-store loans:

  • A valid, government-issued photo ID
  • A valid Social Security Number or Individual Taxpayer Identification Number, where applicable
  • A valid and active email address, where applicable
  • Proof of an active bank account that has been open for at least a month. Debit cards or pre-printed checks may be accepted in your state as proof of bank account. Contact your local store for details. California customers must have proof of an active, personal checking account that has been open for at least one month.
  • Evidence of a steady, recurring source of income, such as employment, self-employment, disability, retirement, or another source

3. Get your cash2

For online loans, if approved, have funds direct deposited to your bank account by the next business day, or depending on your state, and if eligible, pickup cash at a store near you.3

For in-store loans, if approved, walk out with cash in hand immediately!

If you need help covering unexpected costs, use ACE Cash Express to help bridge the gap. Find the loan option that is best for you today.

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1. Installment loans are intended for customers who need more time to pay off their loan than provided by a single-payment payday loan. Individual payment amounts for an installment loan are smaller when compared to the single-payment payday loan for the same loan amount. The total sum of payments for an installment loan will be higher than a single-payment payday loan if you pay off the installment loan according to the payment schedule set forth in the associated loan agreement. 

 

2. All loans subject to approval pursuant to standard underwriting criteria. Rates and terms will vary depending upon the state where you reside. Not all consumers will qualify for a loan or for the maximum loan amount. Terms and conditions apply. Loans should be used for short-term financial needs only, and not as a long-term solution. Customers with credit difficulties should seek credit counseling. Populus Financial Group, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to Financial Code Section 23005(a) of the California Deferred Deposit Transaction Law.​ Loans in Minnesota made by ACE Minnesota Corp. Loans in Texas arranged by ACE Credit Access LLC and made by, and subject to the approval of, an unaffiliated third-party lender. Populus Financial Group, Inc. is licensed by the Virginia State Corporation Commission, PL-115.

 

3. For approved in-store loans, you will receive funds immediately. For online loans, approval and funding may require verification of application information.  Depending on ability to verify this information, loan funding may be extended up to two days. All loans subject to approval pursuant to standard underwriting criteria. In-store cash pickup of online loans is subject to approval pursuant to standard underwriting criteria and only available at ACE Cash Express locations in the state where you originated your loan. In-store cash pickup of online loans not available in all states. In-store cash pickup of online loans requires valid, non-temporary government-issued identification. Online loans not available in all states.

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