iCrowd Newswire
01 Jul 2022, 22:20 GMT+10
Sometimes, borrowers need money fast. They might have bills coming up and their paycheck hasn't arrived yet, or they need to make a major purchase soon. Many borrowers will look to personal loans to take advantage of good interest rates. Plus, their simple terms can make these loans fast and easy to get.
That said, there are a few ways to streamline the personal loan application process even more and potentially get a loan within the same day. This article will explain how to get a personal loan as fast as possible so borrowers can get the money they need, when they need it.
Personal loan applications may require proof of several items, such as identity, address, income, and monthly expenses. Gathering the right documents in advance can ensure the borrower doesn't have to dig things up last minute. Here are some documents and information borrowers may need to provide:
Before applying for a personal loan, borrowers should get their annual free credit report from the three major credit bureaus. From there, they should make sure there are no errors, then evaluate their current credit score. Doing this will give them an idea of what loan terms they are most likely to prequalify or qualify for. As a result, they can reduce the time spent shopping around for loans that fit their needs and qualifications.
A borrower can get prequalified when a lender believes they are a good candidate for a personal loan. With prequalification, the borrower provides the lender with some basic personal and income information, and the lender runs a soft credit check (which doesn't hurt credit) to offer the borrower terms they're likely to qualify for.
In some cases, lenders send loan prequalification offers through the mail without the borrower requesting it. These contain a code the borrower can use to redeem the offer. Regardless, prequalification can speed up the process by showing the borrower the offers they're likely to qualify for, guiding their loan shopping.
Online applications are generally much faster than applying in person. Borrowers can upload all their documentation from the comfort of their own homes. Plus, these online applications use automation to offer instant approvals to borrowers who meet the lending criteria. Thanks to these benefits, getting approved for a loan online can take as little as a few minutes. Plus, the loan can often be funded the same day the borrower applies or within 24 hours.
To get a personal loan right away, borrowers should evaluate their credit score, gather their documents in advance, and get prequalified. Once it's time to apply, borrowers should consider filling out an online application. Modern technology allows online lenders to approve and fund loans within one to two days. By following these tips, borrowers can get the money they need in as little time as possible.
Notice: Information provided in this article is for information purposes only. Consult your financial advisor about your financial circumstances.
About Advance America
Founded in 1997, Advance America, the country's leading state-licensed consumer lender, seeks to help every customer achieve their version of financial stability through a variety of innovative, regulated and transparent small-dollar credit options
See Campaign: https://www.iquanti.com
Name: Michael BertiniEmail: [email protected] Title: Consultant
Tags:CE, Financial Content, PR-Wirein, Go Media, Google News, ReleaseLive, Reportedtimes, IPS, iCN Internal Distribution, Extended Distribution, EnglishGet a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationGOODLETTSVILLE, Tennessee: Dollar General reported record sales of US$10.44 billion for the latest quarter and raised its full-year...
SOUTH BURLINGTON, Vermont: Beta Technologies has become the first U.S. company to land an all-electric aircraft at an airport in the...
WASHINGTON, D.C. Forget bucket lists; this summer, it's all about budget lists. Amid economic uncertainty and a weaker dollar, Americans...
NEW YORK, New York - U.S. stocks rose appreciably Friday following the release of a strong jobs report which sent the U.S. dollar higher,...
WASHINGTON, D.C. America's job market is starting to lose momentum. In April, job openings rose — but so did layoffs, marking their...
TOKYO, Japan: Toyota has announced that it will take one of its key group suppliers, Toyota Industries, private in a deal worth UD$26...
BEIJING, China: The public security bureau in Guangzhou, a city in China, has announced a secret reward for more than 20 people it...
MENLO PARK, California: As artificial intelligence demands explode, Big Tech is turning to an old source for new power: nuclear energy....
MOUNTAIN VIEW, California: To settle a major shareholder lawsuit, Google is writing a US$500 million check — not for damages, but to...
Washington DC [US], June 8 (ANI): National Aeronautics and Space Administration (NASA) on Saturday (local time)said that as part of...
New Delhi [India], June 8 (ANI): India's digital forensics market is expected to grow more than triple the global average of 11 per...
Gandhinagar (Gujarat) [India], June 7 (ANI): Gujarat Chief Minister Bhupendra Patel, while inaugurating the new Development Center...