If you apply for a sms loan, you will usually receive an answer to your application and the money paid out within 24 hours. But there are some things you can do to get your money paid even faster than that. If you use the right bank and apply for the loan from the right lender, you can get the loan deposited into your account already after a couple of hours, even during evenings and weekends. Usually, it takes a banking day to move money from one account to another, which means that you could assume that it takes at least as long to get a loan deposited into your account. But this only applies if the lender and the borrower have different banks. If the two parties use the same bank, the transfer can be made immediately after the lender has approved the application.
In order to get the money as quickly as possible from a sms loan
You should therefore use the same bank as your lender. To find out which lenders use which banks you need to read on the lenders’ websites where they usually list which banks they can pay out money to the fastest. If you can’t find that information, you can always email and ask or call and talk to customer service. Another thing that is good to do if you want a quick answer and a quick payment of your sms loan is to choose a lender who is open 24 hours a day , or at least open in the evening. Then there is a greater chance that they will have the opportunity to go through the application the same day you submit it.
When applying for large loans from major banks
It becomes more difficult to get a quick response to their loan application. This is mainly because the lenders in that situation need to do a much more thorough and accurate credit rating of the borrower, as well as his personal finances and credit history. If you have to take out a loan to buy a home, you also usually apply for a loan pledge before getting the real loan from the bank, which makes the process even more complicated. A loan promise is given from a bank as proof that you are good for the bids you place in a home auction. However, the loan promise only applies up to a certain amount that the bank decides. This amount is stated when you apply for the loan promise, and can be lowered if the bank considers that you cannot give such a large loan once you have found a home you want to buy.
If you need a loan to buy a car
There are aids you can use to find out how much you can borrow. With the help of loan calculator for car you can also find out exactly how much it will cost you to take out a loan.