Instant Loan
instantloan.net/az
Headquarters
1436 N 24th Street
Mesa, Arizona 85213
Instant Loan, like most payday loan companies you’ll find online, offers services not just to Arizona but to most of the United States. This company prides itself on how easy the application process is, how fast your loans are approved, and how secure your information is. They understand that emergencies occur and sometimes you need a little extra help to survive between paydays.
To get approved with Instant Loan, you need to have an active checking account, be 18 and a US citizen or permanent resident and have no more than two other current loans with other companies. If you meet this criteria, you can be approved in a matter of minutes and see cash in your account within 24 hours usually.
What They Offer
Instant Loan conveniently separates Arizona by city so whether you live in Aquila or Yuma, you will be matched with a nearby payday lender that can meet your specific needs. The lenders are typically separated into two categories and these are “check holders” and “title loans.” The check holders are your typical payday loan companies while title loan businesses will loan you money while you put your car title up as collateral.
Where They Are Located
The headquarters of Instant Loan is based in Mesa so they are very familiar with current Arizona laws and regulations. You can apply online no matter where you are located in the state and still be able to apply and get money in your account. In a state as large and diverse as Arizona, it’s definitely a benefit to be able to apply online so you don’t have to waste gas driving to a city that has a payday loan company.
Rates/Terms
Instant Loan, being based in Arizona, knows the rules. The maximum you can borrow at one time is $500 and the typical finance charge is going to be $17.65 on every $100 borrowed. If you borrow the maximum amount of $500, you’ll pay back $588.25 on your next payday. If for some reason you aren’t able to pay it back on that specified date, Arizona allows three extensions. You’ll have to pay some additional fees to the company but these extensions will keep your bank from giving you overdraft fees.
Additional Info
This site is available in English and Spanish which is very useful. Southern states such as Arizona have a large Spanish speaking population so it’s just as easy for everyone to get a payday loan when they need one. There are numerous testimonials available on the site from previous customers so you can see how their experience with Instant Loan has been. Due to legislation passed in June of 2010, you technically can’t get average payday loans in Arizona. You may have to consider alternative loans such as title loans instead.
