A Tax Refund Advance Loan is a loan against your federal or state income tax refund. The amount you can borrow varies depending on the size of your tax refund and your creditworthiness. Typically, most loan applicants receive between $250 and $2,500. Some tax services, such as Jackson Hewitt, H&R Block, TurboTax, and Liberty Tax, offer higher loan amounts, up to $7,000.
Interest rates on these loans also vary, ranging from 0% to as high as 39%, depending on your creditworthiness and the size of your tax refund.
These loans are typically offered as early as December, January, and February of each tax year. If you miss applying during these months, a personal emergency loan such as payday cash advance loan can be a great substitute.
A Tax Refund Advance Loan is the fastest way to get your tax refund. To apply for this type of loan, you will need to file your tax return with a tax firm, such as LA PPREMIER TAX, that offers tax products. We offer both Tax Refund Advance Loans and Tax Refund Transfers.
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