Need some cash right now?
Sometimes unexpected events happen in life and you need money urgently.
If a home appliance needs replacing, a beloved pet needs surgery, or you need to travel for a funeral, you want to be able to get your money right away.
But can you get fast loans that are also low-cost?
You sure can! Keep reading to find out how.
Types of lenders that provide fast loans
When it comes to loans, some lenders are faster than others.
Banks are known to take as long as a week to assess a loan application, which is far too long if you need cash in a hurry.
Their processes tend to be cumbersome and time-consuming, sometimes requiring borrowers to spend hours on the phone while they process their applications.
While banks have a reputation for being somewhat slow, other lenders are at the other end of the spectrum – they’ll give out loans almost right away but at a potentially high cost.
These lenders – sometimes known as short-term lenders – specialise in small loans for periods of a few weeks, but they often charge a daily interest rate that becomes extremely expensive if you don’t pay the loan back on time.
So, is there a way to get a fast loan that’s also affordable?
Absolutely.
This is where online loan brokers like East Bay Finance come in.
Loans are faster and cheaper with East Bay Finance
At East Bay Finance we operate 100% online, so when you apply for a loan through us, there’s no pesky paperwork to fill out or appointments to attend.
Everything is done electronically, including reviewing your bank statements – there’s no need to send those in, you can give us access via our secure online portal.
Being totally online makes us more efficient, allowing us to get to work assessing your application and finding you a great deal through our network of high-quality lenders.
Here’s a recent example from one of our customers: he was selling his house and had an offer come in, but it was conditional upon him fixing part of the house.
Needing cash urgently to complete the repairs, he went to his bank but they dragged the chain, explaining it would take them at least a week to process his application.
He came to us instead, and we got his loan approved that same day!
When you apply for a loan with East Bay Finance, we aim to get approval within 1-2 hours* and pay out your loan the same day*.
We process applications on a first-in, first-served basis, so the earlier in the day you apply, the better chance you have of getting your loan that day.
*Subject to responsible lending checks and criteria.
Fast, but fair and affordable too
The best part is, the loans we arrange are also low cost!
We only work with low-cost lenders because we want our customers to succeed financially, not be trapped in a cycle of debt.
With East Bay Finance, speed doesn’t come at a cost. Our rates start at just 9.95%, and with loan terms from 6 months to 7 years, we can structure your loan to make it affordable.
We take the time to listen to our customers and understand their situation so we can provide a solution that works for them.
We want to make borrowing easy because life has enough stress in it already! Our customers love how simple our process is and how we focus on finding smarter solutions.
How to get a fast loan with bad credit
Need money fast but have bad credit?
With East Bay Finance, having a poor credit score isn’t a deal breaker.
We specialise in helping people who have bad credit get back on the right track.
If you have enough reliable income to cover your loan repayments, there’s a good chance we can find a solution for you.
Get in touch with our friendly team today for a free chat about how we can help you.
