Payday loans from ASAP Finance can help you cover unexpected expenses that can't wait until your next paycheck. We offer fast and easy financial solutions to Wisconsin residents with no credit check performed, making them suitable for borrowers with bad credit. Apply online in minutes or visit our nearby store and get emergency assistance today.
How Do Wisconsin Payday Loans Work?
Payday loans are short-term loans that need to be repaid in full after you receive your next paycheck. To get one, you just need to complete a simple application process online or in our physical store.
Here's how the loan request procedure works with ASAP Finance.
Fill out an application form. You can typically complete the process in just 5 minutes by providing your basic personal information and documents.
Get an approval decision. It will be made instantly due to no hard credit check performed. If approved, read the loan terms and sign the agreement.
Receive the money. Access the funds in your bank account within 1 business day or get cash on hand right away if you apply in a store.
The repayment is made via an electronic withdrawal on the due date. Just make sure there's enough money in your bank account to cover the total loan cost.
Payday Loan Rates and Terms in Wisconsin
In Wisconsin, cash advance loans range from $100 to $1,500, with the maximum amount being limited to 35% of your gross monthly income. The maximum loan term is 90 days, while a minimum period is not specified. There's no limit to the maximum interest rate that can be applied.
If you don't repay a payday loan in full and on time, a direct lender may charge an interest rate of up to 2.75% for each month. Additionally, the NSF fee of up to $15 may be applied for each failed repayment transaction. There's also a cooling-off period of 24 hours between two loans.
Representative Example
Suppose that you're going to get a $500 loan for 14 days. A lender's fee is $20 for each $100 borrowed, which translates into APR of 521.4%. This way, you will have to repay $600 on the due date.
Our Products & Services
ASAP Finance offers a full range of financial products and services available both online and in a store.
Payday Loans
Payday loans from ASAP Finance allow you to borrow between $100 and $1,000 in minutes and repay the funds within 7 to 31 days. They are ideal if you need to cover emergency bills or small unplanned expenses.
Installment Loans
Installment loans offer fast financing for your long-term needs. With their help, you can get up to $5,000 and gradually repay the money in fixed installments over 2 to 24 months. This flexibility allows you to use them for large purchases without putting strain on your budget.
Check Cashing
Our in-store check cashing service allows you to get your money in minutes without a checking account and lengthy processing times of traditional banks. All you need is to provide your valid ID.
Borrow Wisely: Tips on Responsible Loan Usage
ASAP Finance strives to educate customers on effective debt management. Here are some rules to follow to avoid debt traps and ensure a safe borrowing experience:
- Determine what you need the money for. Make sure you have a good reason for going into debt and set a realistic amount you need to cover the cost. Don't take out loans just in case.
- Borrow within your means. Make all the calculations in advance to ensure you can afford this new debt. List your income and expenses to see how the remaining amount corresponds to your loan payment.
- Use loans for their original purpose. Payday loans are not meant for long-term needs due to their short repayment periods. Only use them in emergency situations when other options are unavailable.
- Know the terms. Be aware of your loan interest rates, fees, due dates, and other conditions that can affect the total cost. Shop around and compare several offers to choose the one with the best possible terms.
- Budget for repayment. Create a practical repayment plan and make sure to include your loan payment in your list of mandatory expenses so as not to miss your payment.
ASAP Finance Locations in Wisconsin
ASAP Finance has been serving people in Wisconsin since 2022. We offer fast financial solutions to people with any credit, no matter where they live. Whether you're in Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Eau Claire, Waukesha City, Oshkosh, or Janesville, you're welcome to apply online 24/7 via the website.
If you need personalized assistance, discover the ASAP Finance locations in Wisconsin. Our friendly branch manager will guide you through the application process with ease.
FAQ
01
Is ASAP Finance licensed?
ASAP Finance is a licensed company that offers direct lender payday loans in WI. We fully comply with state law to ensure your safe borrowing experience. You can request licensing information at our store at any moment.
02
What do I need to apply for a payday loan?
We will ask you to provide your valid ID, SSN, proof of income and address, your valid bank account details, and your employer's contact information. You will also need to specify your personal and contact details.
03
Can I get a loan on the same day?
You can get cash on the same day if you apply at a physical store. For online applicants, same-day deposits are possible if they get approved before 10 AM on weekdays.
04
Should I apply for a loan online or in person?
Online applications will work better for you if you're an experienced borrower who values convenience or doesn't have a physical location nearby. An in-store application is an option for people who have an unusual situation, are new to credit, or need personalized assistance.
05
When might I need a payday loan?
Payday loans are almost ideal if you need to cover small emergency expenses, such as utility or medical bills, home improvements, car repairs, or moving costs.
06
Can I repay my payday loan before the due date?
Early repayment is typically possible without fees. Additionally, you will be entitled to a rebate of the unearned interest according to the sec. 138.09, Wis. Stats.
07
Is it safe to apply for a cash advance loan in Wisconsin online?
Online payday loans in Wisconsin are subject to state lending loans. Therefore, it's safe to borrow money online with them, provided that you choose a trusted lender. At ASAP Finance, we use modern encryption protocols and don't share your data with unaffiliated third parties.
08
Should I choose a payday loan or an installment loan?
Payday loans better suit your short-term needs as they accumulate less interest due to their short repayment times. Installment loans are designed for large purchases and are more budget-friendly. However, they often come with a higher total cost.
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