Our Loan Process

A payday loan is a small dollar, short-term advance used as an option to help a person with small, often unexpected expenses. Pay day Loans are short-term in nature and not intended to be used long-term or for larger purchases like a home or a car. They are a safe and convenient way to allow a customer to stretch their buying power when they need cash and pay day is still a week or two away. Whether you’re suffering from seasonal expenses, like holiday bills or back to school costs, or you need help with unexpected bills or repairs, Cash King would love to help.  Click "apply now" and let us get started on the loan process for you!

FAQ on Cash Advances/Payday Loans

How much can I borrow?

Cash King advances range anywhere from $50 to $605 for the entire State of Indiana. The qualifications for our loans are typically less stringent than for conventional loans. In exchange for the cash you need, Cash King charges a small financing fee. This fee along with the original amount borrowed is typically due 2 weeks from date of the loan. Remember, we do waive the finance charge on your first loan! So come in to see us at Cash King, where your first loan is FREE!!!

Where can I get a fast cash loan?

At Cash King, we have made the loan process easy and fast, to get the cash you need, when you need it! Stop into one of our locations and see us today!

What is a Cash Advance (also known as a Payday Loan)?

A cash advance (or payday loan) is a short-term, small dollar 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 fees. Cash Advances are used to cover short-term financial situations — they are not a long-term financial solution.

Are Cash Advances (or Payday Loans) regulated?

Yes, Cash King follows all applicable laws and regulations at both state and federal levels, including the Consumer Financial Protection Bureau. In addition, as members of the Community Financial Services Association of America, we follow all industry Best Practices to provide the most beneficial, responsible Payday Loan service.

Is my credit score checked before receiving an in store Payday Advance?

Our approval process does not consider or impact a customer's FICO score, but we may evaluate your credit eligibility by using a custom scoring model utilizing information from third parties. To learn more, visit or contact one of our stores.

Is my transaction confidential?

We respect our customers' desire for privacy in managing their personal financial matters. The Payday Loan transaction is confidential, and your personal information will be treated accordingly. You can also be sure that all the information you submit online is sent through a secure server, and we keep your information in a secure database. One way for you to verify that our website is secure is to look for the security icon in the footer of our site that tells you that your information is secure and encrypted. The green padlock in the URL address bar also signifies that your information on this website is encrypted. For more details, see our Privacy Policy.

What are your store hours?

Our hours vary by store. Click here to view the hours and contact information for the store nearest you!

What is the CFSA?

The Community Financial Services Association of America (CFSA) is the only national organization dedicated to promoting responsible regulation of the Payday Advance industry and consumer protections through CFSA's Best Practices. CFSA is committed to working with policymakers, consumer advocates and CFSA member companies to ensure that the Payday Advance is a safe and viable credit option for consumers.

What is the process for getting a Cash Advance at a store?

The application process at Cash King is efficient and simple and should only take 10-15 minutes. Below is a summary of our quick process:

  1. Fill out quick application in store or start application online
  2. Finalize loan documents
  3. Write personal check for loan amount plus fee
  4. At that time, we will pay you in CASH
  5. Return to repay loan in cash on due date before end of business day

How much does a Cash Advance cost?

A typical fee for a Payday Loan is $15 per $100 borrowed, which is an annual percentage rate of 391.07 for a two week loan term. Often, the cost of a Cash Advance may be lower than the alternatives considered by many people, such as paying a bill late or incurring overdraft fees from banks and credit unions.

How are fees established?

Fees vary depending on the amount of your loan. Our fees comply with all applicable Federal and State Laws for Indiana.

How much can I borrow?

In the State of Indiana, the maximum small short-term loan amount is $605, but this is limited to 20% of your monthly income. Within the allowed range, you qualify for a particular loan amount based on your current income.

What do I need to get a Cash Advance (Payday Loan)?

To qualify for a loan, you must provide non-expired government picture id, social security card, most recent proof of income (such as paystub, award letter, etc.), most recent bank statement and a personal check. No personal property is required to get a Cash Advance here at Cash King!

If I already have another Payday Loan outstanding, can I still qualify?

Cash King follows all applicable federal and state laws, and the ability to have multiple loans depends upon the state regulations. Please keep in mind that having more than one loan out at the same time could make it more difficult to repay your loans.

How and when will I know my loan has been approved?

Processing your application at Cash King store will only take a few minutes. Once processing is complete and you are approved, we'll review the fees and terms for your Payday Loan, and you’ll receive the money you need during that visit.

When will my loan be due?

Typically, your loan will be due either 2 or 4 weeks from the date you borrowed. This depends on how often you are paid. For example, if you receive monthly income, such as social security or pension, then your loan would be due back in 4 weeks. If you are paid weekly, bi-weekly, or bi-monthly then your loan will be due in 2 weeks. Some exceptions do apply, please talk to our staff about your needs, it is our priority to put your first!

What if I change my mind after taking out a Payday Loan?

Cash King follows CFSA Best Practices and state laws regarding rescission, which enable you to rescind the transaction at no cost within a certain time period by returning the full amount of the advance. Contact your local Cash King office today for more information.

How do I repay my loan?

When you apply for a loan in our Cash King office, you will return on your due date to repay the total amount due.

What if I cannot pay or will be late repaying my loan?

Cash King will work with you to establish payment arrangements. And we're committed to collecting past due accounts in a professional, fair and lawful manner. We do not report to credit agencies.

Can I renew or roll over my advance by just paying the fee again on my due date?

Cash King follows all federal and state laws, and the ability to renew an advance depends upon the state regulations. Please contact your nearest office for further information.

Can I pay off my loan early?

Yes. Please stop by the office in which your loan originated to pay your loan off early.

What if I have less than perfect credit or a bankruptcy?

A poor credit history or previous bankruptcy filing may not necessarily prevent you from receiving a payday loan. Our staff will work with you to see what options are available. If you need help with budgeting or debt management, you can call the National Foundation for Credit Counseling at 18003882227 for financial counseling.