Online vs. In Store Personal Loans | Lending Bear | Online Payday Loans

Online vs. In Store Personal Loans

November 18, 2020
Online vs. In Store Personal Loans

No one likes being caught short on funds, but most people have been there at one point and time. If you’re only looking for a cash advance until you get your next paycheck, there are a few viable options available. You usually have a few options for getting a payday loan, either visiting a store in person, or you can apply for loans online. There are going to be advantages to you for doing either, depending on your circumstances. It will also depend on the type of loan you need.

Pros and Cons of Online vs In-Store Loans

This will largely depend on your location and what type of loan you need. Regardless of how you apply, once you are approved, the money is transferred right away.

Online Loans

Applying for your loan online offers several conveniences over physically going into the store to apply.


One of the biggest advantages of applying online is the borrower remains anonymous. No one is aware that you are applying for the loan, except for the lender who receives the application.


If you are busy during the day, applying online can happen any time you like. You will not have to adhere to the regular hours that the storefront uses for its operations.

The location from where you submit the application doesn’t matter either. You can apply from your office, on the road, or even out of town. This is also advantageous if there isn’t an office close to you or in your area.

Easy Application

The online application process is simple and does not require the borrower to bring identification and documentation into the office. A majority of online borrowers find the process easy enough that a cell phone can be used to apply. Often, the lender will let you know if you are approved within a few minutes.

Storefront Loans

Some people appreciate dealing in-person when it comes to applying for financial services.


For some, having a face to face transaction is preferred when seeking a short-term loan. A borrower may require help with aspects of the application or need to ask questions. This way, in-person trust is developed, which some people prefer.

This is also easier for people who may not be clear on the terms and conditions of the loan, as well. For example, if someone struggles with English, they can take in someone to interpret for them.

Type of Loan

A very easy way to acquire quick cash is to provide something of value as collateral. A storefront application will be necessary if you are planning to provide a security item, like a title or pawn loan. Lenders that provide secure loan options, will require the borrower to bring their item to the store for evaluation.

Security Concerns

Some people prefer the store because they are not comfortable giving out their information to an online company. Some do not like that this can result in their information being sold to other online companies for marketing purposes. If you have these concerns, staying with your local store might be the best option for you.

If you do go online, look for a direct lender that is licensed in your state to be safe. Also, check their Google reviews to make sure other people rate them highly.

Lending Bear

At Lending Bear, we understand that you may have a less than stellar credit history. As a direct lender, we have the ability to work with people who have bad credit or no credit at all.

You can fill out an application online and find out of you are eligible for a loan. Our loan process is fast and most loans are completed in as little as 15 minutes.

Our company is safe and we are an approved state-licensed direct lender. Contact us online or come in and talk to someone in one of our locations near you today.

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Google Rating
Based on 6829 reviews