Ace Cash Express payday loans have very high interest rates that range from 65.35 to 1409.36 percent, as of 2015. The rate a borrower pays depends on the state, the terms of the loan, funding rate and other underwriting decisions.
Applicants apply for a payday loan from Ace Cash Express through its website, and a decision is available within minutes. If the loan is approved, a borrower opts to pick up the cash the same day at a local Ace Cash Express location or to have the cash deposited into a bank account the next day. To apply, borrowers must be at least 18 years old, have an active checking account and be employed.