Your Guide to Fast Approval Loans
Need cash fast? Frustrated with how long it takes to get a loan approved through a bank? Don’t want to pay high interest rates?
We hear you. When you have a financial emergency, you don’t want to be kept waiting for a week just to find out whether you can borrow money.
What’s more, some lenders take advantage of people needing quick cash loans by charging massive interest rates.
Fortunately, there are lenders out there who offer the best of both worlds: fast loans at low cost.
This article outlines what you need to know about getting a fast-approval loan.
Fast Cash Loans: What Are They?
A fast cash loan is a type of short-term loan that is designed to provide borrowers with quick access to cash.
Unlike traditional bank loans that may take several days or even weeks to process, fast cash loans are typically approved and funded within a matter of hours.
This makes them an ideal option for those who need access to cash in a hurry.
Finding a lender
If you’re looking for a fast-approval loan, it’s important to choose your lender carefully.
Try to avoid short-term lenders, who offer loans to cover you until your next payday.
These types of loans often attract massive interest rates and fees if you don’t pay off the loan quickly.
Instead, use an online loan broker who can approach multiple lenders on your behalf and get you the best deal.
Loan Direct specialises in arranging quick loans that are also low-cost.
Here’s an example that illustrates why fast loans are so important.
We recently had a client who urgently needed funds to cremate her horse.
As if her situation wasn’t difficult enough, the banks she applied with told her it would take at least a week for them to assess her application.
She needed the funds sooner, so she approached us and we quickly arranged a loan that same day.
Loan Direct doesn’t keep you waiting. We make borrowing super quick and easy because life is stressful enough without waiting days or even weeks to get the money you need.
The faster way to get a loan
How is Loan Direct so fast?
It starts with our simple 2-minute application form. It’s so easy! You just give us a few key pieces of information and our savvy loan advisors will be in touch to get some more details.
Depending on your situation, we can usually get loan approval within 1-2 hours*, and have the funds deposited into your account that same day*.
The money should appear in your account that day or the next morning, depending on your bank.
Loan Direct is fast because of our 100% online process.
There’s no pesky paperwork to fill out or appointments to attend. Everything is done digitally from wherever you are.
We do the running around so you don’t have to, and with our lending partners, we will find the right deal for you.
*Subject to responsible lending criteria.
The loan broker advantage
Using a loan broker like Loan Direct gives you a massive boost when applying for a loan.
By putting your application in front of multiple low-cost lenders, you have a higher chance of getting approval.
Also, your credit score won’t be harmed by making multiple applications.
Did you know that if you make multiple loan applications in a short period of time your credit score can go down?
Using a loan broker avoids this. With a single application you get access to our network of top quality lenders.
How to get a fast approval loan with bad credit
Bad credit isn’t a deal breaker for us.
In many cases, we are able to help people with bad credit get access to funds.
Loan Direct can help you access an affordable loan with lower interest rates and fair conditions.
To help you meet your repayment obligations on time, we arrange loans that are reasonable and structured to meet your needs.
Having the ability to comfortably meet your repayment obligations will help you improve your credit score.
We take the time to understand your financial situation so we can help you find the right solution.
For example, if affordability is an issue, we can arrange a loan over a longer period to make the payments lower.
We only use low-cost lenders so we can also offer lower interest rates to make your loan more affordable.
How much can you borrow?
If you want a fast approval loan, an unsecured loan is the best way to achieve this.
Unsecured loans mean there is no security attached to the loan, making the approval process much faster.
With Loan Direct, you can borrow up to $75,000 unsecured.
Alternatively, with a secured loan, you can borrow up to $150,000, but the process takes longer because the asset that you’re using as security needs to be valued.
Use our free online calculator to find out what your repayments would be.
