What Is a 15 Minute Loan?
No one likes wasting time on a loan application. Long queues and elaborate administrative processes are just too much for most people. There is also the extra waiting time for the lenders to decide and make the fund available in your bank account. Even more than that, sometimes we need the cash to be readily available instantly.
A 15-minutes loan offers instant money in a small amount that you plan to pay back in a while. After an online application, lenders will take a few minutes to assess your financial capability and deliver a quick approval. Expect the cash to come into your bank account as soon as the same day.
How to Get a Loan in 15 Minutes?
Everybody can apply for a 15-minutes loan. Our platform uses online applications to make the process easy and convenient for everyone. Fill out the application form and click submit. Direct lenders will start assessing your situation quickly.
If approved, lenders will arrange the repayment schemes to make the loans affordable for you to pay back. We suggest you compare all the offers between lenders to pick the one that is worth the most. Once you agree and get approved for the loan, you can receive your fresh money within 24 hours, with terms and conditions applied.
Can I Get a 15 Minute Loan with No Credit Check?
The 15-minutes loan requires a hard credit check. But unlike conventional loans where credit checks may take days, hard credit checks on our platform are much shorter. It only takes a few minutes for our lenders to get it all done and deliver you the approval decision.
Our lenders mainly do the checking by looking into your credit history, personal circumstances, income, and expenses. This process is necessary so our lenders know that you can afford to pay back your loans. They will also adjust the repayment plan so it won't be too much of a burden for you. It is crucial to prevent you from falling into a more difficult financial problem.
|Why Trust FastPaydayLoans?|
|How much can I take out?||£100-£5000||No obligation quotes|
|Representative APR||49.7%(variable)||Competitive rates|
|Will bad credit be accepted?||Yes||Lenient requirements|
|What are the repayment periods?||1-36 months||Flexible loan term options|
|How can I apply?||Apply online||24/7 available|
When Do I Need a 15 Minute Loan?
Practically, you are free to use the money for anything you want. However, bear in mind that you will have to pay it back eventually with interest. Thus, we highly advise you to use the loans and borrow money only for essential and urgent matters, especially if paying them back could be difficult for you.
Here are some cases where the 15-minutes loan can be beneficial for you:
- Buying groceries or household essentials for your family at the end of the month
- Repairing a broken car or appliance that you need to use daily
- Covering regular bills, such as internet, entertainment subscriptions, and electricity
- Medical emergencies
- Paying rents
Things to Consider Before Borrowing a 15 Minute Loan
Although 15-minutes loans can give you a quick fix to difficult financial situations, it is not a permanent solution. You have to pay back your loans and pay the interests as well. Unfortunately, to compensate for the convenience, the interests for these loans are generally much higher than other forms of loans. It is also crucial to compare the loan schemes from lenders to lenders because some can be much easier to handle than the rest.
Furthermore, most lenders may penalize you for any late payments. Missing your due dates will worsen your credit score, and eventually makes it more difficult for you to get approved for any credit application. Therefore, you have to make sure you can afford to pay back before taking out a loan.