Best Instant Loans | Payday Loans With An Instant Decision page
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  • Loan Amount
    $100 - $5000
  • Loan Term
    12 Months
  • APR Range
    5.99%-35.99%%
Representative Example: If you borrowed $5,000 over a 48 month period and the loan had a 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total pay back amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR. Viva Payday Loans
  • No previous credit history required!
  • Same day funding as quick as 10 minutes!
  • All employment types considered, even military!
  • Loan Amount
    $5000 - $300000
  • Loan Term
    20 Months
  • APR Range
    2.57% - 8.97%
LendKey
  • Low-interest rates
  • A vast pool of potential lenders
  • Friendly repayment terms
  • Loan Amount
    $500 - $2600
  • Loan Term
    30 Months
  • APR Range
    179% - 349%
Jora Credit
  • All loans are unsecured
  • Quick and easy application process
  • You can qualify for a loan with a bad-poor credit rate
  • Loan Amount
    $1000 - $100000
  • Loan Term
    84 Months
  • APR Range
    4% - 36%
Credible
  • Quick to process loans
  • Zero connection costs
  • One-stop-shop
  • Loan Amount
    $1000 - $35000
  • Loan Term
    72 Months
  • APR Range
    6% - 36%
AboveLoans
  • Quick services
  • Reasonable APR
  • Easy-to-use platform

It’s all well and good waiting days or weeks for a loan to be approved when it comes to longer-term credit planning, but this is far from ideal if you’ve got an emergency financial situation that needs addressing right away.

The good news is that instant loans are now one of the most widely available loan types in the US lending market. From payday loans that can be issued within just 15 minutes of being accepted to longer-term instalment loans with instant deposits, borrowers are now able to source instant loans in minutes.

Let’s take a closer look at how loans paid instantly work, what they can be used for and how you can apply for a great rate on your next instant loan today.

How Do Instant Loans Work?

Instant loans are designed to do exactly what they say on the tin, focusing their efforts on funds into your checking account as quickly as possible.

Most lenders are able to transfer loans now in as little as 24 hours with a growing percentage of these offering same-day deposits as part of their service.

Simply choose how much you’d like to borrow and a term that you’d like to repay your instant loans over, and the lender you select will provide you with an immediate decision.

If accepted, funds will then be sent to your checking account and can then be spent on any area you choose. Some of the most common reasons our customers are looking for instant loans include:

Of course, you’re free to spend instant loans on anything that you choose and many of our customers choose these regardless of the loan purpose simply due to their speed and convenience.

Am I Eligible For Loans Paid Instantly?

All of the instant loans here at Credit Raters bring their own unique eligibility criteria to the lending market. It’s this diversity that enables us to help borrowers from a huge range of financial backgrounds to successfully find loans that meet their needs.

However, no matter the type of loan you’re looking for you’ll need to meet some basic requirements to be considered. You can find the full list of each lender’s criteria on their website, but the most common of these include:

You’ll also need to make sure that you can comfortably afford your monthly repayments and may need to supply additional evidence to support your employment and residency status.

My Credit Score Isn’t Great. Can I Still Get Loans Paid Today?

Yes! We’ve helped thousands of poor credit borrowers to get the instant loans they need. Just because you’ve had issues repaying loans in the past shouldn’t mean that you can’t access cash when it’s needed in an emergency.

The main priority for each lender is to ensure that you can comfortably afford to repay the amount you wish to borrow. They’ll use information such as your income, residency and credit score to paint a broad picture of your financial circumstances.

You may end up paying a higher interest rate than those with a stronger credit history, however as you make timely repayments on your new loan this will be reported to credit agencies, improving your chances of attracting better rates in the future.

How Can I Apply For Loans Now?

Once you’ve decided what type of instant loans are going to be best suited to your circumstances, it’s time to get applying.

Rather than having to search each individual lender that can offer loans paid instantly, Credit Raters can help you to compare hundreds of loans from across the US market to help you find a great rate from a trusted, reputable lender.

It all starts by telling us a little more about yourself so we can tailor our search to your needs. The more information you can give us the better and do remember that it’s important to make sure all of the information is as accurate as possible. You’ll need to tell us some basic details to get going, including:

You’ll then be presented with a range of instant loans specialists which you’ll be able to quickly and easily compare before applying online. The final steps needed to complete your application will depend on the lender you choose, but most take no more than 4-5 minutes before receiving a final decision.

It’s then down to you to sign and return your credit agreement online and, once accepted, your instant loans will be deposited into your account typically within 24 hours.

Remember, comparing instant loans with Credit Raters is completely free of charge and with no obligation attached so there’s really nothing to lose. Get a personalised loan comparison from Credit Raters today and find out why so many of our customers continue to use us for their borrowing needs.