When a personal financial crisis suddenly arises and threatens to knock you off your feet, you have needs and obligations that simply cannot wait. How do you get the needed funds as quickly as possible? One common answer is by choosing fast cash loans.
Read on to find out more on how to apply for a fast cash loan, what to expect, and how fast they really are!
What Are Fast Cash Loans?
You know how the typical bank loan works. You must spend much time assembling your paperwork, be prepared to wait weeks or more for an answer, produce proof of good credit and necessary collateral, and then only use the funds for specific purposes like buying a home or a car.
The fact is, you likely never even see the cash much less hold it in your hand even for a moment. And there’s a good chance you’ll be denied, which hurts your credit and your ability to get the next loan you apply for.
With fast cash loans, all that changes. The concept is completely different. When you apply for a payday loan or personal installment loan with a direct lender, they only ask for minimal financial and personal information. They normally require zero collateral, don’t put restrictions on how you can use the money, and think of credit ratings as of little to no importance as to getting approved.
Almost everyone who applies ends up approved, usually instantly. You don’t feel like you’re begging the bank for money, and everything moves apace – exactly what you need in a cash crunch emergency.
How Fast Can You Get The Cash?
The big question many ask about a fast cash loan is: just how fast exactly is it? While the answer can vary a bit depending on your lender, it usually takes only a matter of minutes to fill out the application forms and mere seconds to get approved.
You have to provide information proving such basics as your identity, that you are 18 or older, that you have a valid and active US bank account, and that you have a reliable and verifiable source of income, so the lender knows you will have the ability to repay the loan on time.
In most cases, the cash is received by direct deposit into your checking account within one or two business days. Once in your account, you can immediately use the borrowed cash any way you please. You’ll also be required, typically, to set up auto-withdrawal for loan payments, which ensured they too will be fast and always on time (great news if you want to avoid late fees and further damage to your credit history!)
How Do I Apply For My Best Loan?
It’s simple and fast to apply for payday or personal loans online. The Internet has truly revolutionized the fast cash lending industry, boosting the convenience level for applicants. But searching for loans on The Worldwide Web has also brought so many options to your fingertips that it might be difficult to know which one to choose.
That’s where Bonsai Finance steps in to assist. Our powerful, rapid-pace search engines enable detailed searches for all manner of online loan offers and lenders. Bonsai lets you search for those lenders who will accept bad or no credit, who won’t run a credit check, who will give you more time to pay, or who allow a larger loan principle. There are literally dozens of factors based on which you can narrow your search.
Additionally, Bonsai Finance staff are experts in the market, always up to date, and always ready to help. We make it easy to locate your perfect loan and can give you valuable tips and advice on navigating the fast cash loans process!