This might sound like a far fetched idea but it is possible to get cash loans wired in 1 hour. There are a growing number of companies offering instant loans to applicants. They process the application in an hour and money is deposited right away for you to access. However, very few companies advertise such loans and most advertise same day loans because it is not always possible to process loans in an hour. Even companies that offer 1 hour loans will usually not advertise so.
This is because they cannot always guarantee 1 hour funding. However, it is possible to find companies that have a proven track record. We have done all the hard work for you so that you can easily apply for a cash loan wired in 1 hour.
In this article, we’ll explain all about 1 hour loans and cover some of the best companies offering cash loans in 1 hour.
Introduction to Cash Loans
Cash loans are loans that are typically available at a short notice and are often given without a credit check. They are easy to apply for and come with great convenience.
In most cases, you will be able to apply online for a 1 hour loan. If you search for terms like ‘1 hour loans no employment verification’ and ‘cash loans wired in 1 hour direct lender’, you will even find lenders that offer instant loans without requiring complex documents and verifications.
Most lenders promote cash loans as same day loans, however, some offer loans in 1 hour. This means money will appear in your account within a few minutes of applying. You don’t typically need a good credit score or collateral to apply for a cash loan. The amount, however, is not very high and you will need an active bank account, identity document, and income proof to qualify.
The length can be anywhere from two to 24 months based on the size of the loan and factors such as your monthly income. The interest rate largely varies between 35 and 100 percent with some states having usury laws to protect consumers.
There are a large number of organizations offering 1 hour loans, it’s important that you compare available options and pick what fits you the best. Banks usually do not offer such loans as they take very long to process applications. Fortunately, there are financial organizations and online lenders offering 1 hour loans.
Cash Loans Wired in 1 Hour: 5 Best Providers
Here are some of the best companies offering 1 hour loans:
OppLoans
OppLoans has a lot going in its favor. It is available in a large number of states and offers loans without any restrictions. You could use the money for any personal reason including home repairs, car repairs, medical bills, and debt consolidation.
The amount ranges from $400 to $5,000 making it a suitable option for people looking to cover mid-sized bills. Terms are usually between six to 18 months. We have found that loans are approved in a few minutes, however, money can often take up to 24 hours to show up in your account. The company doesn’t promise 1 hour loans but if you’re lucky, you will get the funds in only a few minutes.
With OppLoans, a lot depends on timing. If you apply on Friday, you will get money on Monday and if you apply between Monday to Wednesday, you will typically get it in a few hours.
The APR is between 59 and 99 percent. These loans are given for a period of up to two years with the option to change the date.
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Here are some of the pros and cons of choosing this provider:
OppLoans offers paychecks through direct deposits and has excellent customer support, get in touch with the company if you have questions about it being a cash loans wired in 1 hour direct lender.
MyPaydayLoans
MyPaydayLoans, as the name suggests, offers payday loans that are essentially cash advances that have to be paid on your next payday. The company isn’t very popular but it’s fast climbing the success ladder thanks to affordable rates and excellent customer support.
It offers up to $1,000, which can be used for a variety of purposes. The minimum amount is $200. However, it goes up to $1,500 when you apply for a second loan and have a decent credit history.
The process is among the easiest out there. You will not be asked to provide additional documents. Simply share basic information and your loan will get approved. No credit check is required and income statements are also not mandatory. However, you must be currently employed to apply for a loan. This means that documents proving employment are required but there is no minimum income requirement.
Loans are usually processed in minutes and will show up in your account in an hour making them a good option for people looking for 1 hour loans. It has an ACE Cash Program for people in a hurry. Under this program, you will get money in only a few hours.
The APR usually varies but is around 30 percent for most applicants, i.e.: you will have to pay $30 when you borrow $100. However, the rate can be higher so make sure to read the fine print.
Here are some of the pros and cons of choosing this provider:
MyPaydayLoans is one of the best options for people interested in a quick loan. It processes most applications in a few hours and is among the most affordable providers out there.
RISE Credit
RISE offers cash advances with a defined term length and fixed interest rates. The maximum amount you can apply for is $5,000 and the minimum is only $300. APRs are in the range of 36 and 299 percent, however, very few people will get 36 percent.
While good credit scores aren’t usually a requirement, you will get a good rate only if you have an impressive credit history. Also, the rate varies from state to state. Repayment terms also depend on the state and are between four and 26 months.
You will have the option to change your mind. Such requests have to be submitted within five days. There will be no penalties for cancellation. You will only have to repay the principal. However, not making your payments on time can prove to be a very expensive adventure as you will accrue interest on your payments, conversely, there are no late payment charges.
Also, you cannot choose your repayment schedule or payment date. The company will choose it for you based on the information provided by you.
Here are some of the pros and cons of choosing this provider:
RISE Credit offers affordable loans and is suitable for people with a decent credit score. You will not be asked to provide hundreds of documents and the entire process can be completed online in just a few minutes.
Fast5KLoans
Fast5kLoans isn’t a lender, it is a marketplace that bridges the gap between lenders and borrowers and allows you to compare hundreds of lenders. You will find lenders with different terms and conditions on the platform. It’s your job to compare available options and find a lender that offers the best deal.
What we liked the most about Fast5kLoans is the fact that all lenders are reliable. The company scans them thoroughly and only includes lenders with experience and reliability.
The company doesn’t promote itself as a cash loans wired in 1 hour direct lender, however, we found a number of lenders offer quick cash loans. Also, do not let the name fool you. The amount isn’t fixed at $5,000. Some lenders go as high as $35,000 with the minimum amount as low as $1,500.
The APR is in the range of 5.99 to 35.99 percent, which makes it one of the most affordable websites offering 1 hour loans. It offers different repayment schedules – as long as 72 months. All these factors are to be discussed with the issuer. The rate depends on a number of elements including your income and loan amount.
Here are some of the pros and cons of choosing this provider:
Fast5kLoans offers some great perks. In most cases, you will not be asked to have a specific income or credit score to qualify but remember that this changes from provider to provider so scan thoroughly and find a suitable option.
Cash Loans Wired in 1 Hour Direct Lender: Conclusion
These were some of the best companies offering cash loans wired in 1 hour. You can apply for 1 hour loans easily if you are a US citizen, at least 18 years of age with an active bank account. However, most companies do not cater to all US states and will require a minimum income or proof of income even if they offer bad credit loans.
You can search for 1 hour loans no employment verification if you do not have a job but such loans are hard and will require some form of credit history or collateral. Also, these loans are usually for less than $1,000 and are very expensive with the APR going above 500 percent. Read also about the 5 Best Providers for Emergency Loans for Bad Credit.