MoneyLife

San Antonio Payday Loans – Applying for a Safe Payday Advance

By Cedric Jackson

You’re trying to find a way to make it to payday, so you’re exploring your options. You’ve even considered visiting one of the Credit Access Businesses that offer payday loans in San Antonio. These businesses are legal, but the predatory lending practices mean the terms will likely include an APR of 500% or more, and full repayment will be required in two to four weeks.

It’s hard to repay these loans in full when they’re due, forcing many consumers to renew their loans and rack up even more fees. To make matters worse, Texas payday lenders have been known to use the justice system to seek criminal charges on people who can’t repay the debt. Fortunately, San Antonio payday loans are far from your only option. 

How to Get a Cash Advance in San Antonio

Predatory San Antonio payday loans are far from the only choice when looking for a cash advance.

Instacash

Max Advance Amount: $250

APR: 0%

Credit Affects: None

You can get an advance on the money you’ve already worked for, without paying interest, by unlocking Instacash from MoneyLion

Instacash allows you to borrow up to $250 between paychecks without any strings attached. The money is deposited into your RoarMoney or external bank account, and then, you can spend it as you wish. Then, when you pay it back, you only owe $250, meaning you won’t get trapped in a debt cycle. Compare that to a four-week payday loan for $250, which would likely include more than $100 in interest and fees.

If you choose the free Regular Delivery option, the money will hit your RoarMoney account in 12–48 hours. It takes 3–5 business days if you use an external checking account. What if you need the funds even faster? Pay a nominal fee, and the money will arrive immediately. 

How to Qualify: 

  • Be 18 years or older.
  • Have a steady income or deposits. 
  • Have a bank account that has been open for 60 days or more and has a positive balance.

In-Person Lender

Max Payday Loan Amount: 20% of your monthly income before taxes 

APR: 500% or higher 

Credit Affects: Most payday lenders don’t pull credit before approving loans and don’t report payments to the credit bureaus. If you miss a payment, though, they will report it, and it can hurt your credit.

Establishments offering San Antonio payday loans are across the city. Most allow you to walk in to apply. You’ll need to bring your checking account information, identification, recent pay stub, and a utility bill with your address on it to qualify for the loan. You’ll also need to bring your employer’s phone number since the lender will likely place a call to verify your employment. 

If you’re approved, you’ll receive a contract that outlines the terms of the loan. Many San Antonio payday lenders like to rush you through the contract, so you’ll sign on the dotted line without noticing the unfavorable terms. The terms are pretty frightening if you pay attention. Expect to see high interest rates and a short repayment period. Pay special attention to the renewal terms since many people aren’t able to pay the loan off in full.

How to Qualify: 

  • Be 18 years of age or older. 
  • Have a valid checking account that can receive direct deposits. 
  • Have a verifiable and steady income. 
  • Have an address you can verify and a working phone number. 

Instant Online Loan Options in San Antonio

Instead of struggling to pay back a high-interest loan, build your credit and get the cash you need with an instant loan in San Antonio. 

Credit Builder Loan

Loan Amount: You could qualify for up to $1,000

Credit Affects: The average Credit Builder Loan user can boost their credit score by 60 points in 60 days!

With the power to increase your credit score by 60 points in 60 days and access to up to $1,000, the Credit Builder Loan from MoneyLion is ideal for people who want to take control of their finances. 

This is a no hard credit check loan, but the interest rates are competitive, and the repayment terms are easy to meet. Just sign up for a Credit Builder Plus Membership, apply for this loan, and then wait for the funds to be dispersed in your account. Any money that isn’t directly dispersed goes into a Credit Reserve Account, so you can start saving for tomorrow. 

How to Qualify:

  • Be 18 years of age or older
  • Be a citizen of the United States or a permanent resident
  • Have a valid social security number
  • Have a way to repay the loan (bank account debit card, or prepaid card)

What’s Included?

  • A loan of $1,000 repaid in 12 monthly installments 
  • Access to a weekly credit monitoring service with updates 
  • Deposit into an interest-bearing Credit Reserve Account 
  • A credit score increase of up to 60 points in 60 days
  • Even more Instacash benefits

Comparing Your Cash Advance Loan Options in San Antonio

Go over your cash advance options to see which is the best choice for your needs. 

InstacashCredit Builder LoanIn-Person Payday Lender
How Much Can You Borrow?$250$1,000Usually up to $500
Fees & InterestFree to access
0% APR
Competitive APR $19.99/month feeAPR of 500% or more
Impacts Your Credit?NoYes, it builds your credit score. Yes, if the loan isn’t repaid on time
AvailabilityOnline & MobileOnline & MobileIn-person
Wait TimeInstantly*InstantlyInstant access to direct deposit or a check for deposit  
Next StepsSign UpSign Up

Get the Money You Need Without Getting in a Debt Cycle 

San Antonio payday loans will put you in a cycle of debt that can trap you for years. Instead of going that route, choose MoneyLion. Download the MoneyLion app and get a RoarMoney bank account. With the account, you can get paid up to two days early. You’ll even get weekly spend reports to help you make smart financial decisions.

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Build your credit and save

Join Credit Builder Plus to get a loan up to $1,000, credit monitoring, exclusive rewards, access to 0% APR cash advances, and more. Over half of members raise their credit over 60 points within 60 days!