While quick cash loans are widely available online and funding is getting faster and faster, can they really be funded in just a matter of minutes? It’s hard to believe, even when companies have been advertising same day funding for quite awhile. There is a difference between same day funding and funding in a matter of minutes, and I have yet to see either happen.
I’ve applied with both types of companies before, and I was denied for the one that said they could fund a loan in 15 minutes. For the ones that offer same day approval and funding, I was approved and instead received my funds the next day. Plus, you have to take into account weekends, business hours and more when you are considering how fast you get your funding.
Now let me add more information to the mix. I just searched for quick cash loans instant funding. When I did this, I was presented with many companies that are geared to get your funds faster. I clicked on one that had the headline ‘money in minutes.’
The site looked great, and they were definitely operating on a more modern platform. The problem was in the fine print, it said that most institutions post funds the following business day. So that means that they are trying to put a play on words. They might send the money in a matter of minutes once you’re approved, but you not only don’t get access to the money in minutes, you don’t even get it the same day!
I’m wondering if there are really any lenders out there that offer these quick loans by giving you the money that same day. It seems like it would require a different type of funding process that just hasn’t been provided yet.