What Is an Online Loan?
An online loan is a short-term personal loan, such as a payday loan or an installment loan, that you apply for online from a computer or mobile device. Online loans may be a convenient way to borrow money for unexpected expenses like:
an unusually high utility bill
an urgent car repair
a rent shortfall
a medical emergency
The ACE online application process is simple and can be completed in minutes.2 If you’re approved, you select a funding option that works best for your money needs.
What Types of Online Loans Are Available at ACE?
ACE offers consumers two types of online personal loans: a payday loan (also known in our line of business as a cash advance) and an installment loan. Availability of online loan products varies by state, and not all loan products are offered in every location. Approved loan amounts are determined based on state regulations, the applicant’s income, and ACE’s standard underwriting criteria.2
Payday Loans Online
A payday loan is a short-term, small-dollar loan intended to help cover expenses or address financial emergencies until a borrower’s next paycheck. If approved, the borrower typically repays the loan in full by their next payday.2
Installment Loans Online
Installment loans are short-term personal loans that a borrower pays back in scheduled payments (installments) over a specified period, with payments that are substantially equal in amount.3 Borrowers approved for an installment loan at ACE pay back the principal (amount of the loan) and any additional interest or fees according to the loan agreement.
Which Online Loan Option Is Right for Me?
Online loans are designed to provide short-term financial assistance. Both payday loans and installment loans can be used for financial emergencies or unexpected expenses, but they differ in how they are repaid. If you need money to get you through to your next paycheck and can pay back the loan in full, a payday loan may be a good option. If you need money for unexpected expenses and need more time to pay back the loan, an installment loan might be the right option.
Why Choose ACE for an Online Loan
VIDEO: Why Choose ACE Cash Express for a Short-Term Loan?
For more than 50 years, ACE has provided consumers with quality financial services. We strive to make applying for an online loan convenient and user friendly when you need cash to cover unexpected expenses. We are committed to helping you get the funds you need as quickly as possible, if you are approved.1 Loans at ACE don’t have prepayment penalties, so you can pay off your loan early, which may save you some interest and fees (where applicable). And all loans at ACE come with a 72-hour satisfaction guarantee. So, if you change your mind about your loan, just return the principal within 72 hours and pay nothing more.
In Florida, Louisiana, Ohio, Texas, and Virginia, you have until close of business on the third business day after receiving your funds to return the principal and pay nothing more. For example, if you take out a loan on Monday, you have until close of business on Thursday to cancel your loan.
What Do I Need to Apply for an Online Loan?
At ACE, anyone can apply for a loan. With our streamlined application process, a few pieces of information are all you need to start your loan application. Choose your loan type below to view the requirements.
How Do I Apply for an Online Loan?
To apply online, follow these steps:
Access the online payday loan application or online installment loan application on your computer or mobile device.
Have your information ready and enter it accurately. It takes only a few minutes to complete the application.2
After you apply, you’ll get a quick decision.2
If approved, review and sign the loan documents and decide how to receive your loan proceeds.1
How Will I Receive the Loan Funds?
There are a few options to get your money if you are approved and eligible.2
Instant funding to a debit card, which is our fastest and most convenient way to receive your online loan proceeds1
Have the money deposited into your bank account the next business day4
Visit a local ACE store to get same-day cash pick-up2
Where Can I Apply for an Online Loan?
Online personal loans that may offer instant funding1 are available in the states listed below. Minimum and maximum loan amounts vary by state and by personal loan type. If you are approved, the loan amount depends on your income and standard underwriting criteria.2
Payday Loans Online
Payday loans online are available in these states, with their respective loan amount ranges:
Installment Loans Online
Installment loans online are available online in these states, with their respective loan amount ranges:
How do I pay back my online loan?
Automatic Payment
Payday loan
The amount you owe will be automatically withdrawn from your bank account on the day your loan is due. If you prefer a different method, you can pay online, by phone, or in person at an ACE store in the state where the loan originated, if available. A convenience fee may apply when paying by phone.
Installment loan
During the online installment loan application process, you have the choice to set up automatic recurring payments and have your funds automatically withdrawn from your bank account on each due date, giving you peace of mind about paying on time. However, there are other ways to pay, including online, over the phone, and at an ACE store in the state where you originated your loan, if available. A convenience fee may apply when paying by phone.
Pay Online
Log in to your loan account at www.myacepayments.com. And remember, there's no penalty for early repayment.
Pay Over the Phone
Call our 24/7 automated phone system at (866) 728-1808 to pay by phone. A convenience fee may apply.
Pay at an ACE Store
Depending on your state, you may also visit an ACE location near you and pay in person.
Online Loan FAQs
No. You will not be charged to apply for an online loan at ACE, whether or not you are approved.
If you are approved for an online loan, you may be eligible for instant funding1 or for same-day cash pickup at a local ACE store.2 ACE is committed to helping you get the cash you need as quickly as possible, if approved.
ACE may obtain information from a non-traditional consumer reporting agency, and the inquiry may affect your overall credit profile with the applicable agency, but it will not impact your FICO Score.
We may consider your credit score, credit history, and other information received from a non-traditional credit reporting agency, but we also use other personal information to determine your ability to repay the loan.†
Yes. However, you must have a steady source of recurring income.
ACE values your privacy and internet safety. Click here to read our privacy policy and online privacy policy. For California residents, see our California Notice at Collection to learn what personal information we collect and how we use it.
Related School of ACE Online Loan Blog Posts
Contact Us
Call Us
Online Loans Phone:
(866)-ACE-CASH
In-Store Loans Phone:
(877) ACE-CASH
Email Us
Online Loans Email:
InternetOps@acecashexpress.com
All Other Inquiries:
CustomerService@acecashexpress.com
