1 Hour Payday Loans From a Direct Lender – Get up to $5000!
When there is an emergency like you need money to pay your medical bills or fix a car that broke down in the middle of nowhere, you will seek fast cash loans. While the same day, payday loans are popular; they still take about 24 hours to hit the bank account. Under such circumstances, some people with bad credit may seek a loan in less than one hour, and this is where the 1-hour payday loans come into the picture. So, let’s get started.
Does 1 Hour Payday Loans From a Direct Lender Exist
In the past, it was impossible to think of a loan service provider who could give cash advance in a day, forget about getting within an hour. Even today, if you ask most of the payday loans direct lenders, they will tell you that it is not humanly possible for someone to approve a loan application and send money within such a short time.
However, let’s not forget that technology has dramatically advanced in the last few years, and money transfer is possible within a few minutes. As a result, very few direct lenders do offer payday loans within 1 hour to pay off outstanding debts and emergencies such as car repairs or medical bills.
As there’s no lengthy application procedure involved in taking this type of payday loan, it requires less time to approve and get to your bank account. The direct lenders do not perform any credit check; hence, most applicants are recommended based on their income sources’ current employment. Once the application is received, the lender immediately does the necessary formalities to approve the loan.
While the interest rate of this type of super-fast pay loan is usually high, dire situations call for tough decisions. The loan amounts may range from 100 to 5,000 dollars, and the money reaches the account as soon as possible. The federal and state governments usually regulate these payday loans in the US.
What Are One Hour Payday Loans
To better understand the 1-hour loans, it is essential first to know what payday loans are. It is a type of short-term loan or cash advance that is taken based on the borrower’s salary and repaid usually on the next paycheck. There is no credit score check or other document verification before accepting the loan application, so people with bad credit can apply.
- The borrower should be employed.
- Should be a citizen of the US
- Should be an adult, above 18 years of age
- Should have a valid email id and address
Although no other documents are needed, the lender has all rights reserved to request a report or approve only as much loan amount as they feel the borrower can repay. The entire loan application, approval, and disbursement of funds take place online. The period of repayment of payday loans is typically 30 days. On the pay date, the lender can electronically withdraw the loan amount along with interest rates from the borrower’s account.
Is There Any Such Thing as 1 Hour Payday Loans by Phone
Yes, of course, the payday loan by phone does exist, and they are one of the most accessible mediums to get quick cash when you don’t have Internet connectivity. Many loan lenders allow you to call on a phone number to apply for a payday loan, and all the information you provide stays secure. The application registration is over the phone, and when you have access to the Internet, you can fill out the online application form on the website from your home 24/7.
Frequently Asked Questions
Are There Any Guaranteed Payday Loans?
Can I Get a Loan With Pay Stubs?
Yes, some payday loan lenders may ask you to provide pay stubs of last month or the previous three months as proof of income. If you do not have pay stubs but an alternative income source, you can still get a payday loan. You must contact the lender when in doubt.
Can You Get a Payday Loan Over the Phone?
Yes, many 1-hour payday loan direct lenders allow borrowers to call on a telephone number provided on their website to request loans payday. The application is registered, and you can fill the online form when you have time.
Where Can I Get the Same Day Loan?
Most payday loan lenders offer cash advance on the same business day if you apply before 11 am. Some may even offer money as quick as one hour, while others may send you cash on the next business day.
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