Advance Payday Loans Online Advance payday loans are ideal if you need a small amount of cash quickly for a short period of time. For example, if you need to pay for minor car repairs but your payday is still a couple of weeks away an advance payday loan can tide you over. This type of loan is also known as a payday loan or cash advance loan and while they have been available for many years, advance payday loans have recently become more popular. Today, the application process is fairly simple, with borrowers able to apply online and have the money hit their accounts within a matter of minutes.