The online market for small-dollar loans can be intimidating, especially for the first time user.

The online market for small-dollar loans can be intimidating, especially for the first time user.

Searching out an online loan can be like trying to read Moby Dick, backwards, in Swahili.

However, with a little time spent learning about your online loan options, you can become fluent enough to capture your white whale of a loan.

A high loan with reasonable rates, terms, and conditions is no myth.

You can land one that will quickly help you reach short-term goals without putting your long-term finances at risk.

It’s even attainable for those who don’t have enough credit. All you have to do is apply with an online cash advance lender like MoneyKey.

An online cash advance lender (also known as a direct online lender) offers convenient, fast, and reliable access to money.

What you need to apply:

  • US residency or citizenship
  • A valid email address
  • Proof of income
  • A functioning bank account

With these things under your belt, you can start filling out an application form.

By being an online lender, you won’t have to make an appointment to meet with someone in-person.

You just need a secure connection to the Internet to access their website, where you’ll use the above list to complete your online loan application.

You will know instantly if you qualify. If you do, facilitation of your loan is fast.

You’ll see your approved credit in your bank account in as short as a business day.

Of course, expediency isn’t your only concern.

You want to get a loan that can help you cover your immediate concerns without dooming your finances in the future.

To get the best loan from these providers, your direct online lender should be:

  • State licensed (to ensure it follows your state’s lending laws and regulations)
  • A member of the Online Lender’s Alliance (OLA) and the Community Financial Service Association of America (CFSA)
  • Offering flexible repayment options that include single-pay loans, installment loans, and lines of credit
  • Available by phone, chat, or email to answer any questions

When you find a direct online lender that adheres to those guidelines, you’ll have a better chance of securing a loan with reasonable interest rates and terms.

However, it’s not the lender that’s ultimately responsible for your loan; you are.

That is why it’s in your best interest to spend some time searching out the lender that can provide the best opportunities for you.

If any of their rates, terms, or conditions put your finances at risk, it’s best that you disregard that particular lender and find another that can provide you with the appropriate tools to cover your short term goals and loan repayment.