Vermont Personal Loans
- Online application process
- No application fee
- No collateral needed
- Payday loan alternative
- From a licensed direct lender
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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Payday loans are illegal in Vermont, but emergencies still happen. 1F Cash Advance offers unsecured installment loans up to $5,000, which you repay in equal monthly amounts on the due date tied to your next paycheck.
You can use the loan funds for medical expenses, car repairs, overdue rent, or short-term debt consolidation. Our loans follow all the state rules and regulations, ensuring safe borrowing. Same-day funding is possible if you apply in the early hours. No credit or bad credit accepted.
How to Get a Quick Loan in Vermont?
At 1F Cash Advance, getting a loan takes just three simple steps:
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Apply online. The form is available on our site around the clock. You can complete it in just five minutes.
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Review the offer. Once you submit a form, you will get an almost instant approval decision due to no credit check performed.
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Receive cash. If approved, the funds will be transferred to your bank account on the same day.*
*Funding speed depends on the final ID check and your bank’s operating hours. Loans originated before 10:30 am ET on a banking day are funded on the same day. Applications completed after 10:30 am or on weekends will be processed on the next business day.
Requirements and Eligibility Criteria
It’s easy to qualify. Here’s what you’ll need:
- Vermont resident, age 18+
- Steady monthly income of $1,000 or more
- Active checking account
- Government-issued photo ID
- Valid email and mobile number
We follow the Military Lending Act and cannot lend to active-duty service members or their dependents.
Are Payday Loans Legal in Vermont?
No. State law prohibits storefront and internet payday loans with an APR above 18% for single-payment loans. Any contract from an unlicensed lender is void.However, some out-of-state online lenders may legally offer payday loans to Vermont residents if they partner with banks operating in Vermont to get a special bank charter.These loans often have APRs of over 400%, making them difficult to manage.
Personal Loan Options in Vermont
Here are some legal alternatives to payday loans in Vermont:
Installment Loan
An installment loan breaks repayment into fixed monthly amounts, gradually reducing the balance on a set schedule. You choose the loan amount and term, then repay in equal installments.
- Unsecured
- $300–$5,000
- 12–24 % APR
- 3–24 months
- Best for: emergency expenses, debt consolidation
Not sure what your monthly payments will look like? Use our free Loan Payment Calculator to estimate the total cost before you borrow.
Payday Alternative Loan (PAL)
Federal credit unions may offer Payday Alternative Loans to cover small cash gaps. These loans usually max out at a few hundred dollars and follow a clear, affordable repayment schedule.
- Unsecured
- $200–$1,000
- Up to 28 % APR
- 1–6 months
- Best for: people who can join a federal credit union (requires membership)
Share-Secured Loan
A share-secured loan lets you borrow against your savings, which stay locked until repayment. Rates are lower since the deposit secures the loan.
- Secured by savings
- $500–$3,000
- 4–8 % APR
- 6–60 months
- Best for: building credit while keeping your savings intact
Cash Advance Apps
Some cash advance apps may charge part of your next paycheck and auto-withdraw on payday. Funds arrive the same day with no credit check, but fees apply.
- Unsecured
- $20–$500
- 0 % APR + flat or tip-style fees
- 2–4 weeks
- Best for: small, short-term gaps between paychecks
Employer Paycheck Advance
Employers may let staff tap earned wages before payday. The company deducts the advance from the next check, interest-free.
- Unsecured
- Up to 50 % of earned wages
- 0 % APR
- 1–2 weeks
- Best for: workers who need part of the next wage early
Credit Card Cash Advance
You can use your credit card to get cash, usually from an ATM. Interest starts the same day (with rare exceptions), and most issuers charge a separate fee.
- Unsecured
- Up to 20–30 % of credit limit
- ~25 % APR + 3–5 % fee
- Due next billing cycle
- Best for: fast access to cash when no debit option is available (good credit is required)
Home Equity Loan
Home equity loan allows you to borrow a lump sum using your home as collateral. The loan has a fixed rate and predictable payments. If you miss payments, you risk losing the property.
- Secured by home equity
- $10,000–$250,000
- 5–8 % APR
- 5–30 years
- Best for large planned costs like renovations, tuition, or debt payoff
How to Respond to Illegal or Unlicensed Payday Loans
According to Vermont laws, payday lending remains illegal, even if you borrow money online. Consumers who have faced unfair lending practices should:
- Stop payments. Under Vermont law, you must only pay back the original amount you borrowed – no extra fees or interest.
- Revoke ACH permission. Send a written notice to the lender and your bank.
- Save proof. Keep emails, contracts, and payment receipts.
- File a complaint. Contact the Department of Financial Regulation at (802) 828-3307 or email [email protected]/[email protected]
Why Choose 1F Cash Advance
1F Cash Advance provides fast cash with no surprises – simple terms, quick funding, and peace of mind.
No junk fees
All the terms are clearly stated and easy to understand.
Data security
256-bit encryption keeps your sensitive information safe.
Human help
Our customer care specialists are here for you seven days a week.
FAQ
Can I get a loan with bad credit?
Yes. We assess your income, debts, employment, and recent payments without solely relying on your credit score. Borrowers with bad or no credit history may still qualify.
Am I guaranteed to get approved for a loan?
Approval isn’t guaranteed. Each application is reviewed to make sure you meet the basic requirements and have enough income to repay the loan without added financial pressure.
Are there any fees?
We charge no application or prepayment fees. An origination fee, when applied, is clearly outlined and built into the disclosed APR.
How quickly will I receive the money with 1F Cash Advance?
Most loans are funded within 24 business hours. Approvals made before 10:30 am ET on a banking day are often funded on the same day.
How do I repay the loan?
The repayment is made via automatic ACH payments on the due date. If you apply at a store, you can also provide a post dated check covering the total cost of your loan. Early repayment is allowed in the state at no extra cost.