Plus, the money you receive is yours at 0% interest. So, you can apply for a Refund Advance without worrying about any impact to your credit score.įiction – There’s a cost to apply for the tax advance loan.įact – There are no loan fees. (the lender for Refund Advance) will review your credit report, but the review doesn’t impact your credit score. To be approved, you must have passed certain eligibility requirements (such as ID verification and a sufficient refund amount), and then the lender’s underwriting requirements.įiction – My credit score will be affected if I apply for a Refund Advance loan.įact – As part of the application process, MetaBank®, N.A. At that point, you’ll know if you can get a loan against your 2021 tax refund.įiction – It’s probably only a limited number of people who get approved.įact – While not everyone is approved, the Refund Advance loan program at H&R Block has high approval rates. and all applicants will be notified by text or email when the loan decision is made. You’ll also apply for and leave our office with an H&R Block Emerald Prepaid Mastercard® Disclaimer number 110. Spoiler alert - it’s the real deal.įiction – It takes a long time to get approved and receive a tax advance loan.įact – If approved, you can receive your Refund Advance loan proceeds within minutes after you file. fictionĭoes a loan of up to $3,500 against your tax refund sound too good to be true? And, seriously, who offers such a generous tax anticipation loan? Take a look as we uncover the facts behind the Refund Advance loan offered in H&R Block tax offices. While the money is not your actual refund, this type of loan is repaid from your refund. There’s even a way you can apply for this tax refund loan using digital drop off – we’ll tell you how.īut first, what is a tax advance loan, exactly? A refund advance is a great way to get money quickly and not have to worry about the time it takes the IRS to issue your refund. With this interest-free loan on your tax refund through H&R Block, you can apply and could get up to $3,500 within minutes of filing. We understand the impact any delay on your refund may have on your finances, and that’s why we offer Refund Advance Disclaimer number 109. ![]() When the unpredicted comes up, you may be wondering, “is there a way to get access to money quickly?” There are bills due, unexpected expenses to pay, or maybe your finances have been upended in the last few months. It’s part of the process, right? And, while you are waiting, life is happening. You could wait patiently for your tax refund during tax season. Editor’s Note: While our Refund Advance offer ended on February 28, 2022, you can still read about the benefits of working with our tax pros to get the most from your taxes with H&R Block.
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