If you need money in a hurry, you are probably hoping for a same day cash loan. Is it possible to get a payday loan the same day? In most cases, no but we can do the second best, we can get you a same day approval. Once approved, your loan will be in your account as soon as the next morning. Ready to see what you can qualify for? Start with our short, no obligation quote form below.
The Truth About Fast Same Day Loans
Many companies advertise same day loans but they are not always that easy to get. In general, you have to apply for and be approved for a loan very early in the day to make it all happen. If you wake up first thing in the morning and apply right away, you might have a chance, but for most people, next day payday loans are the option that they will have available to them. So, let’s take a look at next day payday loans.
Next Day Payday Loans in Seattle
So what is a next day payday loan then? Just like the name implies, it is a payday loan that will pay out the next day. Many, but not all, loans available from our lenders will fund the next business day. You fill out the short form at the top of the page and get your answer in minutes. Once approved, the ender will start the funding process and your money will be in your checking account as soon as the next business day. Please note that bank holidays and weekends may delay the funding of your loan.
Fast Payday Loans in Seattle
By nature, all payday loans are fast. They are much faster than conventional funding mainly due to the fact that they have fewer requirements. Fewer requirements means less fact checking and documentation. Where a conventional loan can take days or even weeks to fund, you can get your money as soon as the next day with a payday loan in Seattle. This makes it great choice for those who need money quick although this speed does come with a few costs that you should be aware of.
Easy Approval Loans
When compared to traditional loans offered by banks, payday loans are far easier to get an approval for. If you have a source of income, a checking account and a good contact number, you will be well on your way to getting approved. The income does not even need to be a job. It can be any source of regular money that you receive.
To make things even easier, we give you access to a lender network. Instead of applying for just one lenders loan, with one set of requirements, you apply on a network. If one lender does not approve you, your information goes on to the next one. This continues until you get an approval.
The Cost of Fast Payday Loans
High risk loans such as payday loans have a number of costs that consumers in Seattle should be aware of. These costs might be worth it to you for the ability to get quick cash but you should be aware of them before you proceed.
High Loan Interest Rates
Most lenders will grant you loans with fees instead of interest. They might charge, for example, $15 for every $100 borrowed. This might seem like a fair charge to you if you need money fast but it actually represents a very high interest rate. When you combine this fee with the short loan term, you get an effective interest rate that is quite high. You could end up paying 400% APR or even much more.
Short Loan Terms
These loans have very short loan terms. You will typically have to pay the loan back the day you get paid in Seattle. Most loans are fore two weeks or less. This can give you little time to get your finances back on track. Before you commit to a loan, plan out your finances for the next few weeks to make sure that you can afford to pay back the loan and still pay your other expenses.
Low Loan Amounts
Payday loans are limited in the amount that you can borrow. Currently in Seattle, WA that amount is $700. If you just need a few hundred dollars to get you by until you get paid again, this should work just fine for you. If, however, you need a more substantial amount of money, you will need to look elsewhere.