If you are looking for a quick loan, but don’t want to wait more than 24 hours, you can get instant cash loan with no credit check or proof of income, without leaving your home. Direct lenders give out loans up to $1000, which you can repay over a month. You can apply and get approved in as little as 15 minutes.

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Why You May Need a 24 Hour Payday Loan

A 24hr payday loan is a small, short-term loan that can be applied for, processed, and given to the borrower within a day, or at best, a few days. It usually hits your bank within 24 hours. If you apply before 11 am, you can get the money on the same day.

Be sure to contact the lending company ask them about their policies on hours in order to qualify for a 24 hour loan. You can use direct lender sites accessible online 24/7 365 days a year even if it’s a bank holiday, weekend, or national holiday. Unlike traditional banks and credit unions, you can still get money on weekends without a problem! These lenders perform no credit checks so bad credit scores below 579 are allowed to apply and have an equal chance of getting approved!

Emergency 24-Hour Loans with Bad Credit

Payday loans are a great way to borrow money when you are in a financial bind, but what if you have bad credit? As long as you can cover the monthly payments, your chances of getting a loan with a poor credit score are high. Many lenders don’t do a hard credit check, and that’s why it’s possible to take an emergency cash loan with bad credit.

What I Need to Apply for 24 Hour Loans

There are very few requirements for applying for an instant 24 hr loan. You will have to provide some personal information, but it won’t be long before you can reap the benefits. The following details are required for a typical 24 hour loan application:

  • Full name as mentioned on your identification
  • Age (must be 18 or older)
  • Physical address (must be in country)
  • Bank account number
  • Reason for taking a loan
  • Social security number
  • Valid email address
  • Employed(or offer letter/contract) and attached bank account details or alternatively, credit card details with alternate source of income (SSN, Pension, Grant, Scholarship).

How to Ensure Payday Loan Direct Deposit Within 24 Hours?

With a 24 hour direct deposit Payday Loans, funds typically arrive within one business day of payment, although they can sometimes arrive the same day. And unlike direct deposit, your funds will usually only be held by a bank for a few days, so you can be certain that money is available to use as soon as it arrives in your account.

How are 24 Hour Payday Loans Processed?

The amount of time it takes to receive money varies depending on how long a payday loan application takes, how long the lender needs to review the request, and how quickly the lender moves payments to your bank account.

  1. Application Time. Some online lenders don't require in-person meetings or extensive forms. You provide basic information about yourself and some details about your income and if you are still interested you can review their rates.
  2. Approval Time. Once you submit your application with an online lender, they will typically need 3-4 days to review it and approve your request.
  3. Money transfer. Once you're approved, they will transfer the money to your bank time.

Tips for Fast Approval within 24 Hours

In order to get your application approved as quickly as possible, you need to be prepared beforehand.

  • Think about what documents and information your lender will need in order to review your application.
  • If your lender requires that you submit a copy of your driver's license, passport number, proof of income and proof of expenses, then make sure you have these documents organized before you apply.
  • Make sure you also know how long it'll take to get the loan - lenders do take an extended period to review applications.

How to choose the Best Direct Lender Offering 24 Hour Loans

COMPACOM has narrowed the best 24 hour loans down to the following features:

  • Fixed Rate APR: The interest rate on your loan will not fluctuate, which means your monthly payments won’t vary and it will be easy to budget.
  • Flexible Minimum and Maximum Loan Amounts/Terms: There are many options available, tailored to your finances and how much you need.
  • No Early Payoff Penalties: You won’t have to pay extra for paying off your loan early
  • Streamlined Approval Process: The application process is fast and easy.
  • Customer Support: Lenders offer help over the phone, email and secure messages. There are also online resources, like a help center or advice center, to get you started.
  • Fund Disbursement: You’re going to get your funds in no time.

According to the factors mentioned above, we've shortlisted the best lending companies to apply for a 24 hour loan:

LendYou will help you get the cash you need when you need it. You can apply for Payday Loans, Installment Loans or Personal Loans, etc. Compare the lenders and get matched with the best one.

  • MIN Loan Amount: $100
  • MAX Loan Amount: $35000
  • Terms: Varied
  • Rates and fees: Starting at 4.99% APR
  • Turnaround Time: 1 business day
  • $100 - $1000 Payday Loans
  • $1000 - $5000 Installment Loans
  • $5000 - $35000 Personal Loans
  • 18 years of age or older
  • U.S. citizenship
  • Valid checking or savings account with direct deposit
  • Minimum regular income of $1,000 per month
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
Pros
  • High up to $15,000 loan amounts. 
  • Minimal restrictions on how you can use your loan.
  • No collateral or guarantor.
  • Bad credit is OK. 
Cons
  • It's not a direct lender, so you'll need to clarify rates and terms with the company you are matched with. 

 

Greenlight Cash created an online platform to connect consumers like you with reliable lenders across the country. They partner with a large network of professionals so you get a chance to work with one of them and meet the challenge of improving your financial situation in the most effective way. Once you tap submit, you get one step closer to receiving the funds.

  • Payday Loans
  • Installment Loans
  • Personal Loans
  • be a legal U.S. resident
  • be at least 18 years old
  • have a stable source of income
  • be currently employed
  • have an active bank account
Pros
  • Unrivaled flexibility and accessibility.
  • Predictable monthly payments

  • Quick and simplified borrowing process

  • Any credit is welcome
Cons
  • Not a direct lender.

 

GoGoPaydayLoans offers Payday Loans at affordable rates with convenient repayment terms. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $1000
  • Terms: Vary by state.
  • Rates and fees: 261% to 782% APR
  • Turnaround Time: 1 business day

$100 - $1000 Payday Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
  • 21+ years old (19+ in Alabama)
  • Social Security number (for Indiana residents only)
Pros
  • You can get even as low as $100.
  • Quick funding on the next business day.
  • Money can be used for any personal needs.
Cons
  • Not available in every state.
  • APR can be more than 153.73% depending on your state.
  • High late payment fees.

 

Indyloan.com offers Personal Loans online at affordable rates with convenient repayment. 

  • MIN Loan Amount: $100
  • MAX Loan Amount: $5000
  • Terms: Vary by state
  • Rates and fees: Varied
  • Turnaround Time: 1 - 2 business day

Personal Loans

  • Active checking account open for 90+ days
  • US citizen or permanent resident
  • Personal and work phone number
  • Valid email address
Pros
  • Quick - no driving, waiting, faxing, paperwork.
  • High approval rate even for bad credit borrowers.
  • Online Payday cash advance with no collateral or co-signer.
  • 24 / 7 online service.
Cons
  • High interest rates.
  • Available not in all the states.
  • Only loans up to $5000 are available.

 

Alternative Ways to Get Instant Cash Within 24 Hours

If you need some emergency cash and can’t wait the 3-5 day waiting period that most banks require, there are some other optionsЖ

  • Сontact local charities or religious institutions.
  • Borrow from friends or family—just make sure it doesn’t damage your relationship if you end up not being able to pay them back on time.
  • Ask for an advance from your employer, but this usually has to be a specific type of employer.
  • There are also good payday alternatives at credit unions that might be right for you- get in touch with the institution and see what they can offer.
  • Finally, you can take out a title loan for your vehicle-if it is paid off in full and you have title to the car in your name. There is no credit check required, and it will only take one month to repay. You do have to give the lender possession of your car as collateral though, so if you don’t have a car or can’t repay the loan, this won’t work.
  • If you have something valuable to use as collateral, try a pawnshop loan (where the interest rate will probably be high). No credit checks are necessary!

Final Thoughts

Sometimes the need for cash is urgent, and you can't wait until your next paycheck. Traditional banks take some time to process loans, so you may not get your money in 24 hours. Fortunately, most cash advance lenders offer quick payday loans (within 24 hours) that process the loan application much more quickly than a traditional bank.

Here are some reasons why a payday loan can be processed so quickly:

  • They don't check your creditworthiness
  • They check for direct deposit
  • It's convenient and easy access
  • No prepayment penalty

So, if you're looking for quick access to funds in a time of need, a payday loan is the best way to go.