No matter how well you plan your life, unexpected emergencies still pop up from time to time.
During these situations, you may need to get your hands on extra money, and you may need that extra money fast. Waiting around for a typical loan to go through simply isn’t an option.
If you ever find yourself stuck in an emergency you can’t pay for yourself, you need the help of instant loans. These loans can get you the money you need fast, and they have a very high acceptance rate.
Has emergency costs gotten the best of you? Instant loans can help. Here’s why.
Take a look at this instant loans guide to find out how they can help you.
What Can I Use Instant Loans for?
You can use these loans for anything you want. One of the best parts of an instant loan is the lender won’t ask how you plan to spend the money.
Of course, this doesn’t mean you should go out and get fast money if you don’t really need it. Using it to buy that couch you really like may not be the best idea. But that’s really up to you.
This money is the most useful in emergency situations that you can’t pay for yourself.
Here’s a list of a few examples:
If someone you love has a medical emergency, they need treatment right away. Every second counts, so you can’t sit around waiting for a traditional loan to get approved.
Whether it’s a car accident, a sudden illness, or another medical problem, instant loans give you the ability to stay prepared at all times.
Sometimes you can’t hold off on paying your bills. If you don’t pay them, you can wind up in some legal trouble. Instead of worrying about how much money you have in your account, instant loans help you pay these bills now and pay back the loan later.
Like everything else, business has high and low points. If you’re stuck in a low point but need a bit of extra money to keep the business running, an instant loan can help.
Weddings aren’t cheap. But they also happen to be one of the best days of your life, and you don’t want to skimp on the venue, food, decorations, etc. Getting fast money lets you throw the wedding of your dreams without the hassle and stress or a normal loan.
Maybe your family lives across the country and suddenly need your help. You can’t get to them with your normal paycheck, and some extra money is all you need to hop on a plane.
Any Other Urgent Fund
It’s hard to imagine what might happen in life, but having access to an instant loan can take a lot of worry and stress of your mind in the middle of hard situations.
What You Need to Get an Instant Loan
You don’t need much of anything to get approved for an instant loan, so this won’t be a very long list. In fact, it would probably be better to talk about what you don’t need to get this kind of loan.
But we’ll stick with the necessary requirements first.
What You Need to Get an Instant Loan
It comes down to about five things:
- Meet the age requirement (18 or over)
- Live in the same country where you applied for the loan
- Have a checking account
- Currently employed (so you can pay the loan back on time)
- Willing to share relevant, personal information
And that’s about all you need. As long as you are over 18, have some kind of checking account, and are able to pay the loan back, you can almost always be approved for fast money.
What You Don’t Need to Get an Instant Loan
These are the things that make it hard to get a traditional loan, but they don’t hurt your chances of getting an instant loan.
You don’t need:
- To get a credit check
- To gather a bunch of documentation that has to be approved
- To explain what you need the money for
- To provide any type of collateral for the loan
- To worry about being rejected because of bad rating
Those things take most of the hard part out of getting a loan. No matter what situation you’re in, you’ll most likely end up with the money you need.
How Long Does It Take?
Like the name suggests, it happens pretty much instantly. The longest part of the process is waiting for the money to get into your account, and that doesn’t take more than a day.
Here’s a rough breakdown of the time it will take to get an instant loan:
- About 5 minutes to fill an online application form
- About 15 minutes to find the best offer for you
- One business day for the money to be transferred into your account
Even with everything added together, the entire process won’t take longer than 30 minutes of working and a day of waiting.
How Much Money Can I Borrow?
Instant loans are relatively small. You can usually only borrow $100-$1,000 at any one time.
What to Know About the Loan Repayment
You get the loan money very quickly, but that means you have to pay it back in a short time period. Most loans will need to be paid back in about two weeks.
There will also be a high-interest rate because of the risk the lenders are taking.
These are two good reasons why you should only use this money for emergencies. Before you borrow any fast money, make sure you will be able to pay it back on time.
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Instant Loans Are A Huge Help
Unfortunately, there will come a time when you need money and you need it fast. When that time comes, an instant loan can save you a lot of stress. As long as you meet the minimal requirements, you can get this fast money to pay for medical bills, urgent travel situations, or important bills, or anything else you need.
In need of a loan to get through a hard situation? Take a look at our application process.