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Payday loans are well known for being one of the fastest loans on the market, however, you cannot get payday loan instantly. No loan is available immediately but if you’re looking for a fast and easy way to borrow money a payday loan could be the way to go.

When applying for any loan some level of checks will need to be carried out to ensure that you are a suitable candidate for borrowing the money. However, payday loans can offer you an instant decision on your loan. That means that by filling out a short set of questions you could find out whether you’re eligible for a payday loan.

How do I apply for a payday loan?

With Finger Finance applying for a payday loan is quick and easy. The entire process, start to finish can be done online, meaning you never have to leave your home. When you apply for a payday loan you will be asked to answer a few simple questions to ensure that you are eligible for a loan. Then you will receive an instant decision on your loan. If more information is needed you may be called by your lender to confirm any unclear or missing information.

How long will it take to get a payday loan?

Being approved for a payday loan with Finger Finance is an incredibly quick and straightforward process. Once you have applied you can instantly find out if your request has been approved. Once your request is approved, the money you have asked to borrow should be in your account either on the same day you apply for it or the next business day. This makes a payday loan one of the fastest and easiest ways to borrow money, meaning it’s perfect for emergency expenses that no one could have foreseen.

How can I make the process even faster?

There are a few things that you can do to make the process even faster and ensure that you get your money as quickly as possible. The first thing to make sure is that you are always giving the correct details to your lender. It is worth taking the time to double check that you filled in your details correctly as having them changed later will slow down the process. In some cases your lender will need to speak to you on the phone as they require more information from you. Once you’ve applied for a payday loan ensure that you are available to answer the phone to ensure that you receive your loan as quickly as possible.

One of the last things to consider is when you apply. If you know that you will need to borrow money before the end of the month, apply early. The best way to ensure that you get your loan approved quickly is to apply early in the month since many companies have quotes that they may have hit by the end of the month. Payday lenders will usually be a lot less busy earlier in the month as well which may help your loan to be processed more quickly. It is also worth considering what day you apply for your loan. If you apply for a weekday you are much more likely to get your money the next day, whereas if you apply on a Friday or even a weekend it may be several days before you receive your money. This is because payday lenders often aim to transfer the money to their customers on the same day or next working day,  which does not include the weekend or bank holidays.

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Charlotte Diffey

Charlotte is an expert writer with lots of experience in the financial world. Read her articles for useful guides on payday loans and advice on how to boost your savings.

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