When Do I Need Instant Payday Loans?
Unexpected financial emergencies happen without warning, and when they do, you must be able to cover your expenses quickly. You may need the funds to pay an unplanned bill, repair your car, or to cover another urgent expense until your next paycheck. In these situations, you can’t wait for a traditional loan – you need money immediately.
What is an Instant Payday Loan?
Instant payday loans online are short term financial products that can help you cover immediate or time-sensitive needs. Depending on your situation, you can ask to borrow loan amounts between $50 and $1,000. You can get funded as soon as the next business day, or even the same day you apply if submitting your application early enough. You repay the loan when you receive your next paystub in two to four weeks.
Depending on the lender and the loan amount, the fees for online payday loans typically range from $10 to $25 per each $100 borrowed. These short-term online loans are famous for having a higher annual percentage interest rate (APR) compared to conventional loans. However, the actual interest rates are below 25 percent, and because the repayment period is quite short, these payday loans online are very affordable.
Bad Credit Is NOT an Issue
Credit bureaus use many factors to determine your credit score. For example, the FICO system considers your credit history and total debt, along with other details, to calculate a rating between 300 and 850. In general, having a credit score below 620 means that you have a bad credit score. However, such systems ignore your current financial situation.
A direct lender doesn’t judge your creditworthiness based on credit reports. Therefore, if you have a bad credit score, you can still become eligible for a fast loan. Moreover, because these loans don’t involve traditional hard credit checks, you can apply for no credit check payday loans even if you’re trying to improve your credit history.
Apply in Minutes
To request a cash advance, you don’t have to leave the comfort of your home. Unlike the application process for traditional loans, like monthly installment loans, everything happens on the internet, in a few simple steps.
All you have to do is specify how much you want to borrow in your loan request and offer us some basic information about yourself. QuickCashLoans sends loan requests to its network of lenders. Given the lack of a traditional credit check and unnecessary paperwork, the majority of applications are approved instantly. The emergency cash you need may be deposited into your checking account within one business day. Learn more below.
Instant Approval and Same Day Funding
Since online payday lenders cannot guarantee approval for everyone who applies, this type of loan should not be called an “instant approval loan”. However, when you apply for cash advance loans online, you receive an instant approval decision. Therefore, it’s more accurate to call them “instant decision loans.”
With instant decision credit check loans, you’re typically informed whether you’re qualified in a matter of seconds. Still, you should take notice of the difference between “instant approval” and “instant decision.”
Clearly, no one can guarantee that everyone will be approved. The only guarantee is that you will receive a quick loan decision.
Usually, if you submit your application before 10:30 a.m. central time and are approved, you can have the money on the same business day. People that apply later in the day or on weekends will have the borrowed amount transferred to their bank account on the next business day.
Minimal Payday Loan Application Requirements
The eligibility criteria are quite simple. To be approved for a payday loan, you must meet the following criteria:
be at least 18 years old; be a US citizen (or have a permanent residence); provide proof of regular earnings; have active checking or savings accounts; have a valid email address and a telephone number.
Note that, depending on the state where you live, there may be additional loan requirements.
Why Choose Us for Your Instant Money Needs?
We understand that our customers come to us when getting funds is a matter of urgency. We know that you require our help when other options for obtaining financial resources just don’t work for you.
The main advantage you get when you apply for an online loan with QuickCashLoans, is that we connect you to numerous direct lenders from our network so that you can find the best deal possible. Our payday lenders strictly follow the regulations of their home states and follow the best practices of the lending industry.
As soon as you become qualified, you will receive an offer from one of our lenders. After you agree on the loan terms and conditions with your lender, you will have to e-sign the payday loan agreement. The lender will transfer you the money within 24 working hours. Working with us means no hidden fees, risk-free application process, speedy and paperless transactions, and pleasant experience.
Frequently Asked Questions
What is the easiest loan to get approved for?
One of the major benefits of these loans is that the eligibility criteria are simple, however, the loan approval is not guaranteed and depends on many factors, but you will receive instant decision informing you of your eligibility. Bad credit is not an issue, also, although lenders may look at individuals’ employment history, having a permanent job is not a requirement, as long as you have a stable source of earnings. In other orders, lenders are more concerned with your repayment ability. They also don’t require collateral.
How can I get an instant payday loan?
In order to apply for this loan online, our customers must provide personal information (like name, date of birth), along with income details and other information as requested (like contact details, bank accounts). Receiving emergency funding is very quick and easy. All you have to do is fill out our online application form and provide your contact details and other basic information. Your application will not impact your credit score.
How can I get a loan fast with no credit check?
With no credit check instant approval payday advances, applicants receive an acceptance decision in seconds, and there is no hard credit check. Plus, there is a high chance that you’ll have the funds as soon as the next business day, so you can manage your financial burden fast. Apply now with QuickCashLoans.
Who can benefit from no hard credit check instant approval loans?
The idea of these credit check loans may be appealing in case the borrower has bad credit and need a short term loan right away. It is a good option for people who want to borrow an amount not larger than $1,000. The lender will only perform an alternative, soft credit check. However, borrowers should only consider using these bad credit loans for emergencies, like car repairs or medical bills, and not for some ordinary expenses like grocery bills or monthly utility bills.