What is a Same Day Loan?
A Same Day Loan is a type of personal loan that’s approved the same day you apply.
When you need cash quickly, you don’t want to be waiting around for the bank to assess your application, you need your loan right away!
In this article, you’ll learn about how to apply for a same-day loan, how to choose the right lender, and how to get a same-day loan if you have bad credit.
Choosing the right lender
If you’re looking for a same day loan, it’s important to find a lender who can provide you with one.
That may seem obvious, but it’s good to know upfront how fast your lender is, so you don’t waste time applying for loans that will take a week to get approved.
Banks are known to take this long to go through their loan approval process.
What’s more, if you make multiple loan applications in a short period of time, this can negatively impact your credit score.
This is why it’s a good idea to choose a loan broker like East Bay Finance.
When you apply for a loan through us, you only need to make one loan application. We then assess your application and get you the best deal from our network of high quality lenders.
This is a win-win, because your credit score will remain intact, and you get a fair and affordable loan!
Can a same day loan also be low-cost?
Some lenders that promise same-day loans also have high interest rates.
Sometimes these lenders are known as short-term lenders. They offer small loans for very short periods of time, usually just a few weeks.
It can be very quick and easy to get a loan through these lenders, but beware: they can also be very expensive.
A common trick they use is to advertise their interest rates as daily rates, not annual rates. This makes the loan seem cheap, but if you take longer than a few weeks to pay it off, it becomes extremely high cost.
Avoid short-term lenders and instead talk to our friendly loan advisors at East Bay Finance.
After you apply for a loan through us, we aim to get you approval within 1-2 hours*, and have it paid out the same day*.
The best part is, that your loan will be low-cost, too! We only work with low-cost lenders because we want our customers to enjoy financial freedom, and not be saddled with high amounts of debt.
With rates from just 9.95%, East Bay Finance is your low-cost lender that’s also super fast.
*Subject to responsible lending criteria.
Getting a same day loan with bad credit
Is your credit score less than perfect?
Some people worry that if they have a bad credit score they won’t be able to get a loan.
Sometimes they end up going to high-cost lenders who are lax with their credit checks because they don’t think they’ll get approval with a low-cost lender.
The good news is, you can get a same day loan if you have bad credit.
With East Bay Finance, you don’t need to be shy about your credit history. We want to understand your financial situation and your needs, even if your credit score isn’t so good.
We understand that people make mistakes and fall into hard times, which can make it difficult to keep up with bills and loan payments.
Our goal is to help you out of that situation by providing you with fair and affordable loans that enable you to rebuild your credit score.
As long as you have enough regular income to cover your loan repayments, there’s a good chance we’ll be able to help you.
Just get in touch with us to discuss your situation and we’ll get the ball rolling.
Why choose East Bay Finance
At East Bay Finance, we want to help you get ahead with lending that’s easy, enjoyable and affordable.
- Borrow up to $75,000 unsecured
- Same-day approval and payout*
- Rates from 9.95%*
- Loan terms from 6 months to 7 years
- Get approval in just a couple of hours
- Simple 2-minute application
- Bad credit and second-chance loans
- We say yes more often
*Subject to responsible lending criteria.
