Albert Loans are a personal loan you can apply for and use right away. The full loan amount is deposited upfront, and you pay interest on the entire balance over the life of the loan. You’ll be able to compare your term and APR options before submitting your application. When you take out a loan with Instant:
- You can receive your funds in your Albert Cash account instantly for no extra fee, or optionally for a fee, you can transfer funds to an external account, typically within minutes.
- Repayments for your loan are due based on your loan schedule over time.
- Information about your loan payments may be reported to consumer reporting agencies.
- A credit pull may be required to check your eligibility.
- Instant Loan limits range from $1,000-$10,000.
- Learn more about Instant Loans here.
A subscription with Albert is not required to take out an Instant advance or Albert Loan.
Albert loans are issued by FinWise Bank, a Utah chartered commercial bank, Member FDIC.