In case you don’t know, a Cash Advance Loan (or Payday Loan) is a short-term, small-Naira loan, often used to cover unexpected expenses or to bridge a temporary gap between paychecks. A Cash Advance is a financial solution that provides an alternative to bouncing checks or paying late charges. Cash Advances are used to cover short-term financial situations — they are not a long-term financial solution.

Cash advances are most commonly offered through credit card issuers. You need to have a credit card or another open line of credit to qualify for a cash advance. A cash advance acts like any other purchase being made through your credit, but instead of buying a good or service, you are buying cash. Repayment terms tend to be very similar to the terms on your card, although the interest rate on the cash advance loan may be higher.

Some "purchases" made with a credit card of items that are viewed as cash are also considered to be cash advances in accordance with the credit card network's guidelines, thereby incurring the higher interest rate and the lack of the grace period. These often include money orders, lottery tickets, gaming chips, and certain taxes and fees paid to certain governments. However, should the merchant not disclose the actual nature of the transactions, these will be processed as regular credit card transactions. Many merchants have passed on the credit card processing fees to the credit card holders in spite of the credit card network's guidelines, which state the credit card holders should not have any extra fee for doing a transaction with a credit card.

Your cash advance repayment is almost always considered to be separate from the rest of your credit balance. Sometimes, the terms of the loan stipulate that your cash advance balance does not start being paid down until the rest of the charges on the account are repaid. Your high-interest cash advance loan could stick around for a very long time if you do not manage it appropriately.

If you needed to access Cash Advance Loan for any reason, Zedvance cash advance loan is solely the best option. We simply provide a cash advance loan for you to meet your needs.