On an assumed loan amount of $750 over 12 months. Rate of interest 292% (fixed). Representative 171%APR. Total repayment amount $1351.20 and total interest is $601.20. 12 monthly payment of $112.60.*
Get Fash Cash Loans Today with Capital Bean
Wherever you are in the United States we can help you get a fast cash loan today. Apply online now and get get your money within 24 hours or the next business day. Apply now for quick cash.
What Are Fast Cash Loans?
Fast cash loans refer to any type of loan product which offers fast applications and quick access to funds. They are designed to cover unexpected payments between paychecks such as emergency home or car repairs, medical expenses or large personal purchases.
Fast cash loans are a form of short-term lending designed to cover emergency or unexpected payments. This can include things such as emergency medical bills, home repairs or car breakdowns.
As they are designed to cover emergency costs, fast cash loans lenders are usually able to assess and approve applications very quickly and sometimes provide funds on the same day as application.
What Are Fast Cash Loans Used For?
Fast cash loans are designed for borrowers who face unexpected costs and who need money quickly. This might be household emergencies such as plumbing problems, broken boilers, car repairs or, in some cases, a build-up of utility bills.
Do Credit Unions Offer Fast Cash Loans?
There are some federal credit unions that can offer fast cash including First Tech and Navy Federal, both of which can approve applications and send funds within one to two business days.
Unlike payday or pawnshop loans, federal credit unions cap their APR at 18% on personal loans which can be a much cheaper and safer option for borrowers.
These types of loans are only available for members of the union however membership cost tends to be low and it can be well worth it. Often, credit unions may look at an applicant’s membership history before approving a loan so the better your standing with the union, and the longer your membership history, the more chances you have of being approved.
Can You Get A Fast Cash Loan If You Have Bad Credit?
Although it can be more difficult to be approved for a loan if you have bad credit, some lenders specialise in fast loans for borrowers with bad credit. These lenders may look at other factors to determine borrower creditworthiness such as their debt-to-income ratio and proof of income.
Payday loans should only ever be used for short-term, emergency expenses only. If you need extra cash to spend on shopping or going out, you should not turn to payday loans. For people with long-term debt or financial problems, payday loans are not the right option as they can worsen debt problems.
You must always read the lender’s terms and conditions carefully to make sure that you can afford to repay this loan in the specified time. If you are unable to meet a repayment on the due date for any reason, this will increase the amount of interest you have to pay and could negatively impact your credit score in the long run.
How Can I Apply For A Fast Cash Loan?
There are many online lenders offering quick applications for fast cash loans. Usually you can apply online, from the comfort of your home or on the go, and complete the application in a matter of minutes.
Usually, decisions can be made instantly or within hours and, if approved, you can receive funds directly into your checking account within the next business day.
Factors to consider when taking out a fast cash loan.
There are a few key factors to consider when taking out a fast cash loan:
Before applying for a fast cash loan, make sure you know what the lender requires so that you can have everything ready. They may need to quickly verify your identity or check other information. The more prepared you are with this documentation, or the quicker you can respond to any requests for documentation, the more likely you are to be approved for a loan.
Fast cash loans can allow quick access to funds but it is worth noting that these loans can also incur some of the highest APR on the market. Before taking out these loans, you need to ensure that you will be able to meet the repayment terms otherwise you risk entering a nasty cycle of debt. Reputable online lenders will typically offer lower rates than payday lenders but will take slightly longer.
When applying for a loan, you will need to factor these loan repayments into your long-term financial budget to ensure that you can meet repayment obligations alongside your existing monthly outgoings.
Compare and contrast
You should always compare different lenders before opting for a specific loan to ensure that you are getting the best conditions and the lowest rate possible. The majority of online lenders will let you pre-qualify and estimate your rate without impacting your credit score.
The right partner
Capital Bean only ever works with trusted lenders so we can guarantee responsible lending. With hundreds of different lenders available across the US, we can analyze your application and make sure we are finding the right lender and the best loan product for your personal circumstances.
No impact on your credit history
Capital Bean will use soft credit checks to assess your finances which will never leave a visible footprint on your credit history. We look at factors other than just your credit history in order to determine your creditworthiness. This means that even if you have a poor credit score, you can still be considered for a loan.
Capital Bean is a broker rather than a direct lender. This means that we do not supply the funds directly but instead match you with the best lender for you. Even if you have poor or bad credit, we will always try and help you find access to funds.
Can You Get A Fast Cash Loan If You Have Bad Credit?
Although it can be more difficult to be approved for a loan if you have bad credit, some lenders specialize in fast loans for borrowers with bad credit. These lenders may look at other factors to determine borrower creditworthiness such as their debt-to-income ratio and proof of income.
Credit score will not affect how quickly you can receive funds; however, bad credit may dictate a higher APR and make it less probable to be approved for a large loan amount.
How Can I Get Fast Cash Without Taking Out A Loan?
There are different options available for those looking for fast cash but who are worried about taking out a loan. These alternatives are typically cheaper than taking out a high-cost fast cash loan.
Borrow from friends and family
Borrowing money from friends and family can save you money on high interest rates. If you are choosing this option, make sure that you agree on a repayment plan and that all parties involved know exactly how much is being borrowed and when it will be repaid.
Cash advance app
There are many cash advance apps available which allow you to advance a small amount of your paycheck before payday.
Nonprofits, charities and religious organizations
Do your research to see if any local organizations may be able to help you gain access to fast cash before entering a high-cost loan agreement. They may also be able to offer you advice.
Use something you own as collateral to secure a pawnshop loan.
FAQs for Fast Cash Loans
What’s the maximum and minimum I can borrow?
Payday loan amounts range from $100 to $35,000.
If I have bad credit can I still get a payday loan?
Absolutely, yes. Capital Bean works with a wide range of people with different credit histories. This also includes those that have a bad credit history or score.
What’s the maximum and minimum duration of a loan?
At Capital Bean you can borrow to be repaid over a maximum period of 5 years. Some of our shortest loans are repaid in 2 weeks depending on the amount.
Is Capital Bean a lender?
Capital Bean is a broker, meaning that we will not pay you the funds directly but instead work with our panel of lenders to get you the best possible rate. We will pass your details on to the lender that is best suited to your circumstances. This means the best interest rates and best repayment terms.
How much does it cost to submit a payday loan request?
There are no fees to submit a payday loan request via Capital Bean’s online application service.
How quickly can I get the funds through?
If you’re approved you could have the funds in as little as an hour. So if you’re looking to get money through on the same day then Capital Bean could be the right partner for you.