Quick loans can be a good solution for individuals who are dealing with a financial emergency and want to borrow a small amount of money in a quick, almost instant way. Find out more about quick loans here!

What Are Quick Loans?

Quick loans are small, unsecured short-term loans. The biggest benefit can be found right in their name: they are quick! Unlike loans from banks or credit unions which could take a few days, weeks or even more to process; quick loans can put cash in your hands in just a day or two.

Quick loans are usually flexible. The repayment schedule can be designed according to your needs and financial possibilities. At Credit Cube you control how soon you wish to pay off your loan and there are no prepayment penalties!

You can get a quick loan even if you have existing debt or a bad credit history. However, in order to qualify for it you need to be employed or have a secure source of income to prove you can meet your obligations and repay the loan according to the repayment schedule settled between you and the lender.

Since quick loans are unsecured, you can get them without involving any type of collateral. They rely solely on your creditworthiness. If you have a bad credit score, you might find it difficult to be approved for a loan. However, quick loans, like the type Credit Cube offers, can also rely on your ability to repay according to your monthly income and expenses, apart from your credit score.

Bear in mind that if you do end up taking a quick loan or any loan in general, it's always a good idea to try and pay off your loan as soon as possible to save up on fees and interest. Always borrow only what you need and repay it back as soon as you can.

For more information about how to improve your credit rating, see our ten suggestions.

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Applying does NOT affect your FICO® Score!

Quick Loans - Easy Application, Fast Approval

At Credit Cube, the application for a loan takes only a few minutes and it doesn’t affect your FICO score. Typically, if applications for quick loans are made with an online lender, then that is the average time it takes to fill them out. All you need is to provide some basic information such as your full name, a valid e-mail address and phone number, along with some banking information and proof of your current job or monthly income source.

Quick loans are usually approved a lot faster than other types of loans. There is a precaution any online lender takes by verifying (via a phone call or e-mail) the accuracy of the information you wrote in your application. Other than that, if you have all it takes, your approval can take seconds, minutes or a few hours, depending on the lender. At Credit Cube, your results can be available within minutes of submitting your application. The applications approved before 3PM EST are typically funded the next business day subject to your bank. In other words, if you apply today, you may receive the money as soon as tomorrow!

Types of Quick Loans

Payday loans are probably the quickest loans you can get, but typically demand to be repaid in full plus interest.
The finance charge ranges from $10 to $30 to borrow $100.

Secured personal loans are provided by some online lenders and you can get a quick loan against your car, personal savings or other assets. The rates are usually lower for secured personal loans, as they are less risky for lenders.

Installment loans are fast, flexible and the repayment is done according to a time schedule settled between the lender and the borrower. Typically, if any changes intervene, as the repayments are fixed, online lenders might charge some small extra fees. However, keep in mind that at Credit Cube there are no prepayment penalties!

 
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Applying does NOT affect your FICO® Score!