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Step 1
Determine how much money you'll need. Guaranteed instant personal loan lenders vary. Some offer loans up to $1,000, whereas others offer smaller loans between $300 and $500. Because instant personal loans have short terms, borrow only what you need. That way, you're able to repay the money on or before the due date.
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Step 2
Find a guaranteed instant personal loan lender. Visit a local payday cash advance loan company or apply for a loan online. With online lenders, you'll need access to a fax machine, and you're required to fax financial documentations such as a recent paycheck stub, voided check and a copy of your driver's license. Loan fees vary. Contact several lenders before submitting your loan application.
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Step 3
Complete loan paperwork and submit documentations. Once you've chosen a guaranteed instant personal loan, complete and submit your application. Lenders send approval notifications within minutes. And if approved for a loan, they deposit funds into your checking or savings account within 24 hours, or by the next business day. Prior to approval, you'll have to provide proof of employment and show a copy of your most recent paycheck stub.
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Step 4
Choose a loan term. Instant personal loans feature 14-day or 30-day terms. Shorter terms equal fewer finance charges. But if you're unable to repay the loan within 14 days, you can opt for a longer term. Loan fees double with 30-day loans, but you'll avoid late fees.
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Step 5
Repay the money. On the due date, instant personal loan lenders automatically deduct the money from your checking or savings account. This ensures timely repayment. If funds aren't available, lenders charge additional fees. Plus, you may incur fees from your financial institution. To alleviate this headache, have funds available on the due date, or contact the lender and ask for an extension.
How to Get a Guaranteed Instant Personal Loan
