Quick Payday Loans And Signature Installment Loans In 2025: What Utah Borrowers Need To Know

If you need emergency cash immediately, Utah Title Loans, Inc. offers two options: payday loans and signature installment loans. Both same-day cash loans allow you to borrow money without collateral and get quick emergency cash within one business day.

This guide explains payday loans and signature installment loans to help you choose the best financing option. Consider their requirements, loan amounts, and advantages and disadvantages before making a decision.

Same Day Cash Loans: What Are Your Options?

Both payday and signature installment loans are unsecured loans that offer quick access to funds. However, there are important differences between the two that you should understand before making your final decision. While both provide fast emergency financial relief, they vary in their eligibility requirements, loan amounts, and other specifics.

Learn more about the same-day cash loans we offer below:

1. Payday Loans

A payday loan, also called a cash advance or payday advance, is a short-term loan that provides up to $500. You don't need to put up any collateral to borrow against a future paycheck; just showing proof of income is enough for approval.

This could be a convenient borrowing option for those who find it hard to make ends meet between paychecks. A cash advance can usually be repaid with your next paycheck, which is a big benefit for those wanting to avoid a long-term financial burden.

Another great thing about payday loans is that you might be able to qualify even with a bad or nonexistent credit score. Just make sure that you have the necessary papers to prove that you have a stable income and that you’ll have no issues with repaying the loan.

Here are the required items for a payday loan:

• A state-issued photo ID displaying your full name and age
• Your most recent pay stub to prove your income
• A blank check from an active checking account in your name

2. Signature Installment Loans

With a signature installment loan, you wouldn’t have to provide any type of valuable asset as well. The loan will be secured by your signature and promise to repay. You must agree to repay your loan in fixed monthly installments to get approved.

You might want to consider this option if you need a larger amount to pay for emergency expenses. Depending on how much you earn and your ability to repay the loan, you could qualify for up to $1,500. You can use the money to cover a surprise medical bill or an important car repair, for example.

Another thing to bear in mind is that poor credit won’t necessarily prevent you from qualifying, but the professionals will have a look at your credit history. Bad credit can affect your loan amount, but you can still get approved.

The following are the required items for signature installment loans:

• A state-issued photo ID displaying your full name and age
• Proof of income
• A checking account statement from an account open in your name

Which Emergency Loan Should You Choose?

Which of these loans is best for you depends on the situation you are in. A payday advance is better for a smaller, more urgent emergency. A signature installment loan can help best with more expensive, longer-term emergencies.

Discover which loan works best for the following financial emergencies:

• Overdue bills: If you missed a rent or a mortgage payment, you will likely only need a few hundred dollars to cover the costs. However, you must get approved quickly to avoid a negative credit impact. Both options can work, but a cash advance provides more than enough to cover this emergency expense.
• Medical bills: Emergency medical expenses usually cost a lot of money. The average out-of-pocket medical cost in 2024 was about $1,100. For surgical costs and longer hospital stays, signature installment loans can help the best. However, you can use a payday loan if your insurance covers a large percentage of your medical bills.
• Auto and home repairs: Fixing issues with your house or vehicle is urgent because they can directly affect you and your family’s health. These costs are usually expensive, so a signature installment loan gives you the best chance to afford the cost.
• Unexpected travel costs: If you need to travel to handle a family emergency, you will likely have to pay for plane tickets, a rental car, food, and potentially a hotel. For a more brief trip where your family puts you up, a payday loan should suffice. Longer, more expensive trips may necessitate a signature installment loan.

How Can You Get Approved For Emergency Loans

No matter what loan you choose, the approval process is similar. We believe in allowing borrowers to get approved as quickly as possible to handle emergency expenses ASAP. While you cannot get emergency cash immediately, you can receive your funds within one business day.

Our simple approval process only requires a few easy steps:

• Provide your basic information on our online loan form
• Answer a phone call from a loan specialist to discuss loan terms
• Bring your required items to the nearest Utah store location
• Have your requirements verified in less than 30 minutes
• If approved, sign the loan agreement to complete the process
• Receive your emergency cash loan later that day or by the next business day

You can get approved for a payday advance or a signature installment loan the same day you apply. If one of these emergency financing options appeals to your situation, you can begin the process with our simple online loan form. Provide your full name, zip code, and contact information, and we will call you to explain how you can get approved in person within half an hour.

Why Choose Utah Title Loans, Inc.?

Our company has been helping customers get the urgent cash that they need for over three decades already. Along with our payday loans and signature installment loans, you can get approved for title loans if you own your car outright and need to borrow more cash than the other options provide.

Our in-person process can take just 30 minutes. If you get approved, you'll receive the funds the next bank day. Sometimes, you might even get the cash the same day! If you decide to go for a payday loan, you might be able to qualify for up to $500. With a signature installment loan, you can get up to $1,500.

We offer a convenient payment portal that allows you to make payments from the comfort of your home. Furthermore, you wouldn’t have to drive to the store only to provide your basic information; you can get that done from your mobile phone or laptop whenever you have a spare minute.

Borrow Same-Day Cash Loans – Receive A Payday Loan Or Installment Loan Today!

We at Utah Title Loans, Inc. offer easy online payday loans and signature installment loans. Both of these financing options allow you to receive cash within 24 hours without putting up collateral. You’ll only need a few items, and you might receive the loan amount the same day you start the process.

Ready to get a financial boost? Then fill out the short inquiry form, and we’ll contact you soon. You can come into one of our five Utah store locations and receive loan approval within 30 minutes!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.