Can You Get a Loan Within Minutes?

If you’ve gone the traditional route, you understand how drawn-out the process of applying for a bank loan is, as it involves weeks of bank appointments and tedious paperwork. 

Emergencies don’t give you the privilege of time, which is why you might turn to online lenders. But can lenders provide you with a loan within minutes? We’ll answer that question and more.

What this article covers:

Can You Receive a Loan in Minutes?

It depends. If you work with a bank, 60 second loans aren’t an option. Online lenders, however, may offer loan approval in minutes. They skip the paperwork and the credit check (in some cases), which saves you precious time.

Instead, you fill out an online loans application. Then, the potential lender assesses it and gives you an answer within moments. 

loan within minutes

If approved, they transfer the requested funds immediately. Note that this loan might be a short-term loan, payday loan, or personal loan; our focus here is how fast the loan transfer is.

The question is whether you’ll receive these loans ASAP; it merely depends on several factors, like the complexity of your application. You must also apply during business hours on working days.

A lender might transfer the funds immediately, but it might reflect in your bank account in a day or two (depending on your bank). So, ensuring that your bank is equally fast in processing transfers is crucial if you want a cash loan in minutes.

Am I Eligible to Receive These Loans?

Although each lender has their criteria, the basic requirements for loan money in minutes usually include the following:

  • Being 18 or older
  • Having Australian citizenship or permanent residency
  • Having a form of employment
  • Having a checking account
  • Having sufficient income (compared to the loan amount)

loan in minutes

How Do I Get the Loan?

To get your online loan, there are three steps to the application process:

1. Submit a Loan Application to Orange Loans

Our application is efficient and 100% online, so all you have to do is fill it out, which will take you a few minutes. Enter the loan amount and repayment period you need manually or via our loan calculator, and choose your reason for needing a loan in your account in minutes.

Then, you’ll need to provide your personal and banking information. And put together all the required documents and information to avoid any delay. They are your:

  • Full name
  • Gender
  • Physical or residential address
  • Qualifications and Education
  • Occupation (with pay slips, job history, or other documentation forms)
  • Contact details, such as your mobile number, telephone number, and email address
  • Bank account details
  • Bank statement data for the 90 days before your application
  • Credit requests you have made with us
  • Tax returns for the past two years
  • 100-points of identification
  • Evidence of your borrowing history (such as loans and mortgages)

loans in minutes

2. Get Matched With a Lender

Once we receive your loan application, we will look for a lender likely to approve your loan. Since you need a fast, quick loan, we’ll attempt to find you lenders who offer cash loans in 60 minutes. Once we do, we’ll connect you with them; this process can take as little as a few moments!

3. Sign Your Loan Contract!

The lender will review your loan to determine your suitability and decide accordingly. If they approve your application, they draft a contract, which you should examine with a financial/legal advisor.

Then, you can sign it to receive your loan within 24 hours! Your lender will contact you to agree on the method by which you’ll get the loan. Since you need fast money, ensure your chosen bank supports fast transfers.

Final Words

Where bank loan approval processes are lengthy, online loans are fast and efficient solutions for emergencies and urgent expenses. You can work with online lenders, as they’ll transfer the needed funds almost immediately!

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