How fast will I receive my money?
If an online loan application is successful, funds are usually transferred the same day, particularly if you apply during business hours. When you receive your funds will be dependent on your banks policies and procedures.
If your bank supports Faster Payments, and you need money today, cash can usually be transferred within the hour, often within 15 minutes.
Before faster payments became available, it could often take 2-3 days for funds to reach customer bank accounts.
This meant that customers dealing with an urgent, cash emergency often had to deal with the stress of waiting to receive their money.
If your quick loan application is approved, you may need to confirm a few details over the phone and show proof of your income with a payslip or bank statement.
You will need to sign your loan agreement before any money is transferred to your bank account. If you are happy with the offer, sign the agreement and complete the process.
It is a good idea to have your mobile phone to hand as you may also be sent a pin code to verify your electronic loan agreement.
Doing everything electronically means you will save time as you won’t have to print off any documents, sign them and return them via post. Your entire agreement can be completed quickly online.
Once the lender has everything they need, the money is transferred directly into your bank account. Don’t forget that regular monthly repayments will be taken according to the details in your loan agreement, so make sure you always have sufficient funds available.
Atlantico Finance are there to help people urgently resolve a financial problem. When you don’t have enough money in your bank account to sort out these situations it can be very stressful.
This type of loan normally has a higher interest rate than more mainstream loan products, so you should take your time to read through any documentation and make sure you fully understand the terms of your loan agreement
Used sensibly, quick loans can be a good way to make sure you resolve financial situations before they become stressful problems.