In today’s world, there are choices for just about everything. With the ability to do so much online, the options are greater than ever. When it comes to getting a loan with Cash Store, you might have the option for applying in person, or if an existing customer online depending on the state you live in. Our online application is simple and secure, and you could get funds the same day! If you visit a store to apply in person, the process is very similar with the added bonus of working with one of our friendly store associates.

Knowing the differences between applying for a loan online and applying in a store can help you decide which option is better for you.

The Pros and Cons of Getting a Loan Online

Most might say one of the biggest pros is convenience.  You could be approved for a loan and funded without even leaving your house. If you live in a rural area, and the nearest store is far away, this may be a big timesaver for you.

By going online, you also have the ability to compare multiple lenders, interest rates and loan details. This gives you the best chance to find the specific loan that best meets your needs.

However, if you don’t like the idea of using a computer, smart phone or sharing your personal information online, applying online might not be the right option for you.

The Pros and Cons of Getting a Loan In-Person

Some people don’t like making purchases or financial transactions on the internet. In which case, it makes more sense to go in-store to apply for a loan. In general, the in-store application process will be very similar to the online process. You will just need to bring the required documents with you instead of submitting them online. The biggest difference is you will have a store associate walking through the steps with you. This allows you to ask questions face to face if you have any. Over time, you may even get to know the associates and look forward to visiting a store again.

Keep in mind, going to a store means this process cannot be completed from the comfort of your home. And your closest store may not be nearby. However, you can call the store to get the process started over the phone before you arrive. You will only be able to complete the application during store hours. This could be inconvenient if you need to get the process started as soon as possible. You can also complete the application online by starting here. If you are a new customer, you can complete and get a conditional approval online to be finalized in store. This gives you the best of both worlds.

At the end of the day, if you are looking for the most convenient option, getting a loan online is probably right for you. If you aren’t comfortable with getting a loan online, or enjoy coming into stores to see associates, getting a loan in-store makes the most sense. For more general information about apply for loans online or in person, this article by NerdWallet may also be useful.

No matter what your choice is, make sure to do your research and read the terms carefully. Cash Store will be here for you if you need us.