If you need cash quickly, due to an emergency, chances are a bank is not going to be of help. Loans through banks are by their very nature time consuming. If you need cash quickly, short term loans may be the answer you are looking for. These lenders understand that consumers coming to them need a quick turn around time when it comes to processing the loan, and they also understand that these same consumers require obtaining their funds both quickly and effortlessly. To that end these lenders strive for a quick turn around time with loan processing, in most cases in under 24 hours, unless the consumer is not forth coming with the required information. These lenders also make it easy to obtain your cash by simply wiring your money directly into your bank the same day you are approved for your loan.
If you need cash today, here are some of the top rated short term lenders offering loans online today.
This is a direct lender, and is by no means a payday lender. This lender features terms between 1 year and 5 years, giving you ample time to repay your loan. They also feature fair interest rates, based on your credit worthiness. This lender also works with those who have less than perfect credit, so do not fear being turned away if your credit has a few blemishes. This lender on most occasions only takes 2 minutes to approve someone for a loan, and cash is deposited in your bank within 24 hours. They have a medium approval rating, with about 65% of all applicants being approved for a loan. 9 out of 10 who borrow from Avant would recommend them to their friends. One nice part about this lender is that they do not charge a loan origination fee, which most lenders charge, and this lowers your APR.
This lender is a Native American tribe that has ventured into offering loans online. They have a high approval rating for loans, but they do carry a high interest rate, with loans of $1000 having a cost of around $300, which is still better than many payday loan lenders. This lender will work with those who have bad credit, in fact they have a very high approval rate of offering loans to those with bad credit, but keep in mind you will be paying a high rate.
Installment Loans Quick
This lender offers loans of up to $1500, and has a quick turn around time when it comes to loan approval and dispersal of funds. A loan of $1500 will have a cost of around $380. If you have never borrowed from this lender before, you are limited to $750 for your first loan, after which you can borrow up to $1500. Interest rates and your APR will be high, a $100 loan can carry an APR of 260.71% to 782.14%.
To qualify for these loans you only need to be 18, have a social security number and a verifiable income. Most of these lenders do not perform a credit check. These lenders do not require collateral, and applying is quick and easy. You should strive to understand your loans terms, conditions and true cost via the APR before committing to any loan.