If you need a quick fix finance solution, you might have started looking into what an instant decision loan can offer you. The good news is, nowadays if you’re applying for a personal loan you can often receive an instant decision as to whether you have been approved for a loan.
What is a Personal loan?
A personal loan on the other hand tends to be more straightforward than other forms of finance. As the loan is unsecured, it does not require you to put an asset (such as your home) down as collateral against the loan. Personal loans are offered by the majority of banks and other lenders, and you can typically expect to borrow between £1,000 and £25,000 over a relatively short period of time (in comparison to a secured loan).
Am I eligible for an instant decision loan?
As a general rule, whilst you don’t have to be a homeowner to apply, instant decision loan lenders will only consider applications from borrowers who have at least fair credit score. Additionally, most lenders will require that:
- You are in paid employment
- Be over the age of 18
- Not currently be in full time education
Where can I get an instant decision loan?
Many lenders now have application processes that take no longer than a few minutes, and you can receive a decision on your application instantly. Consequently, getting a quick finance solution has never been easier. In addition to shopping around, the best way to find an instant decision loan that suits you is to contact a loan broker.
As a loan broker, we have access to leading and exclusive instant decision loan deals. We can also provide you with expert, unbiased advice to help you make the right decisions for your future, and to help you achieve your loan goals.
If you feel you would benefit from the help of our specialist loan advisory team, why not call us today on for a free initial consultation on 0117 313 8872, to find out whether you’re eligible for an instant decision loan.