Quick loans , as their own name indicates, are characterized by the immediacy with which it is possible to get the money that is needed to get out of a certain hurry.
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But … what is really the period in which you can have the cash after starting to apply for an urgent loan? Are certain ads that ensure that the loan can be obtained in a matter of minutes? The answer to this last question is brief and concise: yes.
Quick loans, money in a matter of minutes
But analyzing in depth the term of time that a quick loans supposes, the approximate breakdown of the process of requesting an express loan would be the following one:
- First phase: enter the data of the application. During the first phase of the request for a quick loans you must specify the amount of money that is needed, the time period in which you want to return the money and you have to fill in the personal data. This process does not usually take more than 10-15 minutes.
- Second phase: receive the approval or denial of the loan. The second phase is the most important of all, since it is the one that decides whether the user is valid or not to receive the borrowed money he has requested. The period of time of this phase depends on the lender agent that is resorted to, although the most usual thing is to obtain an almost automatic response in a matter of minutes.
- Third phase: receive the money in the account. In the event that the loan application has been approved, the next phase consists in waiting to receive the cash in the bank account. This phase depends a lot on the bank to which the user’s account corresponds. Even so, in general, the income is made in less than 24 hours after the approval of the urgent loans.
As you can see, requesting an urgent loan is something that requires a few minutes. And if that were not enough, the money is paid almost immediately once the loans approval is obtained.