Quick Loans

There are few things worse than being caught short financially in an emergency. Having to wait weeks for a traditional credit application to go through without any guarantees of being accepted is far from ideal if you need loans now.

Fortunately, these long, drawn-out applications are now a thing of the past thanks to the huge range of lightning-quick loans that are now available to US borrowers. Most of today’s leading lenders can assess each application immediately online with some able to issue payments on the very same day that you’re accepted.

Read on to learn more about how quick loans work, their benefits and how you can get your loans paid today.


What Are Quick Loans?

There’s never been a better time to look for quick loans online with so many lenders on the market, all competing for your business. The term ‘quick loans’ is the umbrella term used to describe a number of different loans that are focused on getting funds into your checking out as fast as possible.

Choosing the right loan can make a big difference to the overall amount that you’ll ultimately repay, but what options are available?

Payday Loans

If you want loans paid quick then payday lenders have an excellent reputation for integrating lightning-fast application forms that you can complete in just a couple of minutes. Most offer an instant online decision with loans paid today or up to 24 hours after acceptance.

These loans are ideal to help see you through an unexpected financial shortfall or tide you over until your next payday. With just one repayment to make and funds available immediately, these amongst the quickest loans on the market.

Instalment Loans

Instalment loans are another one of the most popular quick loans available. They offer a similar application and online acceptance process to payday loans, except rather than having to pay off your entire balance on your next payday, you can instead spread these payments over a few months.

It really does come down to affordability, the amount you wish to borrow and how much you feel is a comfortable monthly repayment for your circumstances.

Loan Type Typical Number Of Repayments Speed Of Deposit
Quick Payday Loans 1 – 3 Same day transfer
Quick Instalment Loans 3-6 Up to 24 hours from acceptance

Can I Get Loans Paid Today?

Yes! Many US lenders are able to transfer funds to you on the same day you apply.

Each lender has its own systems in place when it comes to releasing the money to successful applicants. If it’s essential that your loans paid today, it’s well worth checking the latest application times that are accepted for same-day payments with each lender.

It’s also important to remember that whilst lenders strive to issue loans as quickly as they can, additional verification and affordability checks may need to be carried out before confirming your application. You can help to speed up this process by ensuring that you’ve got all of the necessary information to hand before you apply such as:

  • Your income
  • Social security number
  • Previous addresses
  • Checking account details
  • Your upcoming pay dates

For loans paid today you may also need to provide a copy of your photographic ID or a recent utility bill, so dig these out and keep them nearby.

Are Quick Loans Expensive?

No. Just because you need loans paid quick doesn’t mean that you’ll have to pay a premium for this service.

Same day payouts are a key selling point for many of today’s leading lenders and the quicker the faster they can get loans paid quick, the happier their customers will be! However, you shouldn’t assume that all lenders follow this model, although any additional fees charged will be clearly explained as part of your loan offer.

Most quick loans are usually issued on a short term basis which means that whilst they have higher interest rates, the overall amount of interest paid is relatively small.

What Are The Pros And Cons Of Quick Loans?

As with any loan types, there’s no one size fits all when it comes to quick loans. Take a look at our pros and cons below to give yourself a better idea as to whether is loan is suitable for you.


  • Very quick and easy to apply for
  • High rates of acceptance
  • Perfect for borrowing smaller amounts
  • Cash typically available within 24 hours of acceptance


  • Higher rates of interest when compared with personal loans
  • Full amount must be repaid in one go or over just a few months
  • Not designed for longer-term borrowing

Can I Get Loans Paid Today With Bad Credit?

Yes. There are hundreds of providers ready to say yes to your same day loans application even if you’ve had problems with credit in the past.

A low credit score shouldn’t stop you from having access to credit, as long as you can comfortably afford your repayments. If additional proof of affordability is needed this could increase the time it takes for your loan to be approved and deposited.

How Can Credit Raters Help Me To Find Loans Paid Today?

At Credit Raters, we can help you to compare a huge range of lenders, each specialising in different areas of the market, including loans paid today.

Simply choose how much you’d like to borrow and a comfortable repayment term, and we’ll compare hundreds of lenders from across the US market to help find you the most suitable quick loans for your needs.

Check out the latest indicative rates from across the USA and compare interest rates, repayments, different repayment terms and credit limits in one easy to use personalised table. Delve into the details of each lender to find out how quickly you’re likely to receive your funds and your state’s eligibility.

If you want loans paid quick then the good news is that the online application forms take just a few short minutes after completing some final information about your personal and financial circumstances. If accepted, the process of transferring funds to your checking account will begin immediately and is typically deposited within 24 hours.

When Will My Repayments Start?

The date of your first repayment will depend on the type of loan you’ve chosen. If you’re ever in doubt about when you need to repay your loan, either contact the lender directly or refer to your credit agreement.

Before you confirm your loan you’ll need to electronically sign this credit agreement which will also be e-mailed or posted to you depending on your preference. This important document contains a lot of useful information regarding your loan including:

  • Your final interest rate
  • The total amount of interest that you’ll pay
  • Your total repayments including the loan itself
  • Repayment dates
  • Repayment amounts

It will also explain your cancellation rights, any cooling off period attached to the loan and fees for certain credit-based products.

Apply for quick loans today with Credit Raters and get access to the funds you need faster than ever before.