Same-Day Personal Loans

Some personal loans offer same-day approval.  These loans can be very helpful, especially if you need to cover an emergency expense. Here’s a closer look at how personal loans work.

How do quick same-day personal loans work?

Quick same-day personal loans are designed for people who are in a money problem situation and can’t wait long for their money. You can use them to cover a car repair, or any other emergency expense.

Types of quick same-day personal loans

Payday loans

Known as short-term, small dollar loans, payday loans can be useful if you need money before payday.

Installment loans

With installment loans, you’ll receive a lump sum of money at once. You’ll then repay this same-day personal loan through fixed monthly payments.

Lines of credit

A Line of credit is like a digital credit card. With this flexible same-day personal loan, you’ll be able to withdraw funds whenever you’d like to up to your set credit limit.

Pros and cons of same-day personal loans

Pros of same-day personal loans

• Easy application: You might be able to apply online quickly from your phone, tablet, laptop, or computer.
• Fast funding: Depending on the lender,  you may get instant or quick approval. If approved, you may receive your funds as soon as the next business day.
• Good credit not required: Even if you don’t have good credit, you can still get approved for a fast same-day personal loan.

Cons of same-day personal loans

• Interest rates and fees: Sometimes, the interest rates and fees of same-day personal loans can add up.
• Not a long-term solution: Same-day personal loans should be used to cover financial emergencies and essential expenses.

What you’ll need to apply for a quick same-day personal loan

Before applying for a quick same-day personal loan make sure you have the following information and documents:

• Government issued ID
• Source of income
• Checking account
• Social Security Number

Can I get a same-day personal loan with bad credit?

You don’t need good credit to get a same-day personal loan. Many lenders have less strict credit score requirements and approve borrowers with all types of credit scores.

Can I get a same-day personal loan with no credit check?

It may be difficult to find lenders offering same-day personal loans with no credit check. There is another option. National Quick Cash has lenders that do not do hard credit checks.

How to apply for a quick same-day personal loan

1. Click the Apply Now Button: Start by clicking the apply now button online.
2.  Fill out the online application  Enter your basic information on the application and then click the submit button.
3.  Receive a fast loan decision: Omce you submit your application you will receive a loan decision in about 90 seconds.
4. Get approved, get funded: If you are approved and you agree to the rate and terms of the loan. The lender will send the money by direct deposit and should show in your bank account ready to use as soon as the next business day.