How it works
24HourLoan is not a lender, so the service we provide does not make credit decisions for short-term loans. Our service matches borrowers with independent third-party lenders. Some of the different types of loans you can borrow include title loans, payday loans, loans for bad credit, and installment loans. To ensure excellent service to people using our service, we only work with licensed lenders in the USA.
How to Get a Loan Online
Applying for a loan online is a simple process. These are the steps to get the money you need.
- Choose a loan amount
First, decide the amount of money you need to borrow. Calculate the repayment rate to know if you can afford to repay the money without defaulting.
- Fill out the online request form
On the lender’s site, fill out a loan request form. Provide the information requested and indicate the amount you want to borrow. Submit your loan application.
- We connect you with the right lender, you get instant approval
The approval process is quick, so you can get feedback in under 20 minutes. Most lenders will approve you in less than one hour.
- Money transferred to your bank account
With all the steps completed, the money will be transferred to your account. Check that your income is sufficient to repay the loan without default, as this could attract penalties.
Before you can apply for the loan, you must meet the eligibility criteria lenders demand of borrowers. Here are the most common conditions you must meet.
- Must be a US citizen.
- Proof of income – show you have a steady income by attaching a pay stub or bank statement.
- Must be over 18 years.
- Have an active checking account.