How to Get an Instant Loan (Instantly!)

More than 20 million people in the United States have a personal loan. 

Instant loans are often given to students as financial aid. You can also receive auto and home loans to help cover expenses.

Sometimes, however, life occurs and you need money for a personal reason. Whether it be a medical emergency or unexpected car repairs.

Continue reading to discover how you can get an instant loan with no hassle at all! 

1. Go Online

There are many quick loans that you can find online.

If you search for instant loans online, an endless amount of options will likely come up. There are many different loan sites like PayDay, LightStream, and OneMain Financial that may be able to offer you services.

It is always a good idea to go to each site to compare the offers. Take a look at the interest rates, payback time, and monthly payment to help pick the best choice. You can also look at the reviews of instant loan apps to determine if it’s right for you. 

2. Ask a Friend or Family Member

If you are unable to get a personal loan, due to bad credit or no work history, you will have to ask someone else.

Confiding to a close relative or friend may be your next best solution. Talk to someone you know and trust about your situation. Many family members are willing to help out in times of need.

To make sure there aren’t any issues, you will want to document all of the terms and conditions that you agree upon. Try your absolute best to pay them back in a timely matter to prevent damaged relationships.  

3. Use Credit

For anyone that doesn’t want to open a loan in their name, but still needs access to money, you can check your credit card.

Depending on the card that you have, you can pull out money in the form of a cash advance. This can be your instant loan for a temporary time. Typically when you take money off of your credit card, your interest rates will go up and you may be paying for more.

This is an excellent option, however, if you are in a situation that needs to be resolved. Do your best to pay back the money from the cash advance so that you don’t pay more in the long run. 

4. Home Equity Line of Credit

Do you own a home and need access to extra money?

If so, you can apply for a home equity line of credit (HELOC) to help out. Unfortunately, this process will take slightly longer than the other methods, but it is still an option to apply for.

Some people recommend applying for this and finding other forms of financial assistance in the meantime. 

Get an Instant Loan for a Quick Fix 

Life happens and you may not be as prepared as you like.

If an issue comes up or you need extra money, you can apply for an instant loan online or get help in other ways. Many companies offer instant loan approval like Instabank.fi, depending on how much you need to borrow and your credit score.

Use this guide to get one instantly so that you can move forward in life. 

Be sure to check out our blog for more articles on finances and getting assistance when you need it!