15 minute loans have got their name from the quick, almost instant decision process now provided by the majority of online short term lenders. Due to advancements in technology this new wave of lenders can assess your application and if approved, can in cases, deposit cash into your bank account within minutes.
I have bad credit, will direct lenders give me a loan in 15 minutes?
If you have bad credit there are lenders that will still consider your application, although approval is never guaranteed. If you do have a poor credit history a good place to start is with the Choose Wisely loan eligibility search. This will provide you with a personalised panel of appropriate lenders to compare. If suitable this may include direct lenders that are able to offer a sameday payout if they approve.
How do I speedup the application process?
Start by completing a Choose Wisely loan eligibility search. This way you won’t have to waste time filling in multiple application forms. You will also be able to see where you stand and which lenders will accept your application in principle before you apply direct and get credit checked.
It’s also crucial to be honest in your application. All details you enter will be confirmed by the lenders checks so by not entering correct information you are wasting more time.
Getting a loan in 15 minutes FAQ
15 minute loans refer to the time it takes for a lender to pay cash to those applicants they approve. Lenders do exist that are able to payout this quickly, but only to those they approve and even then a quick payout in 15 minutes can’t be guaranteed. The time that it takes for an approved loan to show in your bank account will depend on your lender and your bank.
Whether or not you can get a loan in 15 minutes is all down to your personal circumstances. Getting such a quick loan may or may not be the best or most affordable option for you. We suggest understanding your options by starting with a Choose Wisely loan eligibility search.
Lenders may advertise that loans will paid out in 15 minutes, but if approved the time to receive your payout can not be guaranteed.