Instant Loans
Get approved and funded in minutes
- Check to see if you qualify for a loan in minutes, with no impact on your credit score
- Quick and easy application with minimal paperwork
- Accept the loan offer with the most competitive rates for you
- Funds can be transferred directly to the borrower’s bank account within minutes or hours*
Updated by Steve Stemp on 23/7/24
What are instant loans?
- Instant loans are a type of short-term loan that can be approved and funded very quickly. They are often used to cover unexpected expenses or emergencies.
- Cash Today offers instant loans up to $5,000.
- Instant loans are a good option for people who need money fast and have a good credit history.
How do instant loans work?
- The application process for instant loans is very simple and can be completed online in just a few minutes.
- Once you have submitted your application, you will receive a decision within minutes.
- If you are approved, the money can be transferred into your bank account in under an hour (for applicants with a good financial history and repayment affordability).
What are the benefits of instant loans?
- Instant loans can be a lifesaver in an emergency.
- They can help you avoid late fees or other financial penalties.
- They can help you consolidate debt.
- They can help you improve your credit score if you make your payments on time.
What are the drawbacks of instant loans?
- Instant loans can have higher interest rates than traditional loans.
- They should only be used for short-term needs.
- If you are not able to repay the loan on time, it can damage your credit score.
How to apply for an instant loan
- To apply for an instant loan, you will need to provide some personal information, such as your name, address, and date of birth.
- You will also need to provide proof of income and identification.
- You will need to authorise online bank verification.
- Once you have submitted your application, you will receive a decision within minutes.
- If you are approved, you will be asked to accept the loan offer, and then the money will be deposited into your bank account via instant bank transfer.
Tips for getting approved for an instant loan
- The best way to improve your chances of getting approved for an instant loan is to have a good credit history.
- You should also be able to show that you have a steady income and can afford to repay the loan.
- It is important to be honest about your financial situation when you apply for an instant loan.
Frequently asked questions
- What is the fastest way to get an instant loan?
- The fastest way to get an instant loan is to apply online and have all of your information ready.
- How much can I borrow with an instant loan?
- You can borrow up to $5,000 with an instant loan.
- What is the interest rate on an instant loan?
- The interest rate on an instant loan will vary depending on the lender and your financial situation.
- How long does it take to repay an instant loan?
- The repayment term for an instant loan will vary depending on the lender and the amount you borrow.
- What happens if I can’t repay my instant loan?
- If you can’t repay your instant loan, you should contact the lender as soon as possible to discuss your options.