Installment Loans in Boston, MA
at 28 Damrell St ste 110, 02127
- (617) 275-4087
- 3+ years in business
- Apply in-store 8:00 am – 10:00 pm (Mon–Fri)
- Open on Saturday
- Online application 24/7
1F Cash Advance Store in Boston
With 1F Cash Advance, getting a short-term personal loan in Massachusetts is fast and easy. Visit our Boston store located near the Marr Scaffolding Company and Notre Dame Education Center and explore offers from reputable lenders that are licensed to operate in the state. We help people with any credit score find suitable loan offers and get quick cash for their short-term needs.
Lenders in our network typically perform no hard credit check and offer emergency loan solutions that follow all Massachusetts regulations. The 1F Cash Advance Boston team will help you access a legal alternative to expensive payday loans and provide personalized support every step of the way.
- Monday8 am – 10 pm
- Tuesday8 am – 10 pm
- Wednesday8 am – 10 pm
- Thursday8 am – 10 pm
- Friday8 am – 10 pm
- Saturday9 am – 6 pm
- SundayClosed
Miesha Strauss
Have you ever tried our service?
Products Available In-Store
Whether it’s an urgent car repair, medical bill, debt consolidation, or emergency home repair, we can help you find loan products that meet your needs. Here are the options available at our Boston location.
Installment Loans
Max. amount $5,000
An installment loan allows you to repay the money over up to 24 months, making your loan payments easier to budget for. You can borrow up to $5,000 and use the funds to finance big purchases and larger needs.
How to Get a Loan from 1F Cash Advance?
Applying for an emergency loan through 1F Cash Advance is easy and fast. Here are 3 steps to take:
Visit a nearby store
It will take you nearly 5 minutes to complete a simple form. Our team will gladly help you navigate the process.
Get approved
The verification process usually requires no hard credit check, so you can receive an approval decision fast.
Receive the money
If approved*, get the funds via a same-day direct deposit to your bank account or receive instant cash at a store.**
*No approval is guaranteed. The underwriting process involves a soft credit check that estimates your financial and payment histories.
**Approvals before 10:30 am on weekdays are usually funded on the same day. Applications after 10:30 am or on weekends are processed on the next business day. Cash loans are available instantly to in-store applicants who provide post-dated checks covering the full amount due.
What to Bring for an In-Store Application
You only need to provide a few basic items to proceed:
- Valid U.S.-issued photo ID
- Active bank account number and routing number
- Proof of income
- Social Security number
- Proof of Massachusetts address
- Valid email and cell phone number
About 1F Cash Advance in Boston, Massachusetts
1F Cash Advance has been assisting people in Massachusetts since 2019. In 2023, we opened our Boston store to help locals find personalized loan solutions tailored to their unique needs. When you work with 1F Cash Advance, you choose a licensed company committed to your financial well-being.
We prioritize transparency, open communication, and quick, responsive support to meet our customers’ expectations. Our fast and easy loan process allows you to apply in minutes with no extensive paperwork, get a loan decision quickly, and receive the money you need within 1 business day.
Responsible Loan Usage
Short-term loans should not be used to cover your long-term needs. Using them over an extended period can be expensive. Before taking out a loan, read the terms carefully and make sure you understand the APR, fees, repayment period, and total cost. Avoid borrowing if you’re uncertain about your ability to repay. If you have long-term financial problems or credit issues, seek professional counseling.
How Massachusetts Regulates Small Loans
Massachusetts limits what a small consumer loan can cost, which is why the two-week, triple-digit-APR payday loan sold in some other states is not offered in Boston.
- The state regulation covers small loans, sales finance companies, and insurance premium finance companies. The Division of Banks updated it in 2025, and the latest amendments took effect on October 10, 2025.
- On April 22, 2025 the Division of Banks warned residents to avoid payday loans with predatory terms, including offers from tribal lenders, and pointed borrowers toward lower-cost options.
- During 2025 the Division issued 68 enforcement orders. Across all the entities it supervises, it assessed about $3.45 million in penalties and returned roughly $1.75 million to 45,590 consumers.1
A licensed Massachusetts lender operates within these rules. An unlicensed out-of-state payday offer does not, and that is the distinction the state is warning borrowers to watch.
FAQ
Why are payday loans illegal in Massachusetts?
Payday lending is not prohibited in Massachusetts, but payday loans in their traditional form are unavailable due to their high costs and potential for debt cycles. State laws apply a 23% small loan APR cap, while an average payday loan has an APR ranging from 260% to over 700%.
What are legal alternatives to payday loans in Boston?
Borrowers who need fast cash can turn to short-term personal loans, installment loans, and personal lines of credit. Other options include credit card cash advances, payday alternative loans, borrowing from family, or paycheck advances from employers.
Can I get a fast loan with bad credit?
Yes. There are no minimum credit score requirements, as we partner with multiple lenders, including those who accept people with poor to no credit. However, you need to prove your ability to repay to qualify. The factors our partners assess include your income, employment status, debts, and recent payment history.
How much can I borrow with an installment loan in Massachusetts?
Installment loans available through 1F Cash Advance allow you to borrow up to $5,000. The amount you can qualify for will be determined based on your credit and income.
Sources
- 1 Massachusetts Division of Banks — 2026 Annual Enforcement Report (2025 Enforcement Actions). Released January 2026.
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