What are instant loans, exactly? Well, first off you have to understand that they are not instant. You may be instantly approved, but getting a loan isn’t like stepping up to a cash machine.
Many independent lenders can get your cash on the same business day you apply. You might have those funds at your disposal within a couple of hours. But a few hours, or half a day, is not the same as instant loans, is it?
The Truth About Instant Loans
The word “instant” looks and sounds attractive. It is eye catching, and that’s the whole point, but it is not accurate ever. Let’s repeat that, just for clarity – there is no such thing as an instant loan.
The myth of instant loans is to grab your attention. It’s to shout at you “hey, we are faster than the other guys!” because you can’t get any faster than instant, can you?
The truth is closer to this – you will receive rapid approval, and then get your cash the same business day. Hopefully. That really depends on which lender you use. But anyone that promises you cash faster than on the same business day is probably just phishing for your financial information.
Reliable Loans > Instant Loans
The fastest you can get your cash is the same business day. For this same reason, never use a website that uses the phrase “free” loans because those are just as fictional as instant loans.
You need money quickly, of course, but you also need to depend on that money. Find a lender that shoots straight with you, that does not promise things it cannot give you, and the delivers what it promises in writing.
National Small Loan does not advertise instant loans, or “free” loans, or the lowest prices on the internet. But we are safe, we are reliable, we don’t rely on credit reports, and we give you the entire repayment plan in writing for you to look over before you agree to a loan.