Where Can You Obtain a Cash Loan in One Hour or Less?


Quick Answer

Both CashOne.com and OneHourLoan.com offer cash loan approvals in less than an hour online. The websites use an instant approval service that collects information on the borrower’s employment, income and credit history. The lenders do not restrict borrowers based on credit.

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Full Answer

One-hour loan approvals do not necessarily grant the borrower instant cash. Loans at CashOne, for example, arrive in as quickly as 1 business day and are directly deposited. A valid bank account is required to use the loan service.

Every loan is analyzed on a case by case basis. OneHourLoan, for example, partners with many different loan companies. In many cases, larger loans are only offered to borrowers who have worked with the lender in the past. Income levels are one of the biggest factors in deciding which applicants are given loans and the amount granted to them. Because the companies work with different lenders, repayment plans are not always the same. CashOne offers fixed rates and monthly repayment plans.

Such loans are designed to help solve short-term financial needs and are not meant to be long-term debt solutions. The annual percentage rate fees also vary and can range from 19.1 percent to as high as 379 percent, depending on the borrower’s credit history.

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