3 same day loans that aren’t payday loans
A quick loan is a great option if you are in dire financial straits and have to borrow money quickly.
People in these situations often take out high-risk payday loans. These loans are very popular as they don’t require credit checks and can be accessed in a matter of hours. These loans are also known for having extremely high interest rates, which can reach 400% per annum. They also have terms that last only two weeks. Find out same day from Oak Park and avail their offer.
Payday loan debt is difficult to pay off because of the combination of high interest rates, short terms, and long repayment terms. Borrowers are stuck in a vicious cycle of taking out new loans and paying interest every two weeks.
It doesn’t take long to get a loan, even if you don’t have any predatory terms. The good news is that there are many options available with lower interest rates and quick approvals. Although you may not get your money immediately, the following lenders can provide loans within a matter of days.
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1. Learn more about personal loans
The personal loan is an affordable option for those with good credit. To meet the minimum requirements of this lender, you must have a FICO(r), score of at least 660.
The loan amounts range from $ 2,500 to $ 35,000, with the maximum amount being $ 35,000. The loan terms are flexible and can be extended for as long as 36 to 84 month.
A Discover personal loan is affordable. The low interest rates of Discover personal loans are comparable to the best personal loans. There are no origination fees or prepayment fees.
Upstart has the highest credit requirements of any lender. Upstart requires a minimum FICO(r), score of 580 to be eligible for a personal loan. Upstart also offers loans for consumers without a good credit rating. Upstart’s decision is based on your education and work experience.
Upstart can have high interest rates, especially for those with poor credit scores or no credit history. High origination costs can also be a problem with loans.
The lender can offer loans ranging from $ 1,000 to $ 50,000. You have the option of choosing a term between three and five years. You can prepay the loan at no extra cost if you don’t have a need for it for a prolonged period of time.
Avant is a lender that specializes in loans to borrowers with poor credit scores. Avant requires a minimum FICO(r), score of 580 to be approved for a personal loan.
The loan amounts range from $ 2,000 up to $ 35,000, and the terms can be from 24 to 60 month. Avant does not have a prepayment penalty.
Avant’s main drawback is its high fees. High interest rates and administration fees may apply to Avant.
How to speed up your loan application
You will need to prepare all documentation in order to complete the loan application as quickly as possible.
When you apply for a loan, most lenders require the following documents:
- Identification: One or two pieces of identification may be required, including a driver’s license, passport, social card or another type of government-issued ID.
- Income proof: Bank statements, pay slips or Tax Returns
- Address proof: A mortgage contract, rental agreement, utility bills in your name, or a voter’s card
Verify the information after you have submitted the application. Any mistakes, such as an inaccuracy in your bank account number, could cause delays.
Although payday loans are quick to get approved for, there are other lenders that can provide funds just as fast. You can apply for a loan with any of these lenders and receive funds within a few hours. You can wait a little longer for a better personal loan deal.