Instant unsecured loans do not require a borrower to provide collateral. The only thing you need to have is a job and a valid social security number, for the most part.

How are they able to provide this, without receiving collateral?

Because, they know the customer has stable employment and makes at least $1,000 each month. Companies also will have the person’s next check automatically sent to them electronically, as part of the loan deal, so that they know they are going to get their money back.

What makes it so “Instant”?

After you submit your completed loan application, the agency will review it and notify you within minutes, letting you know if you are approved. If you are approved, you will have funds sent to your account within 24 hours.

Can I pay back this loan in installments?

Yes. If you choose this route, make sure to contact the company via phone or online to get exactly the contract you want. Your installment payments shouldn’t be more than $50 a month, if they are then find a new agency to work with.

Do I need to fax or mail in any paperwork?

No. The entire process is handled online, from the loan application all the way up till the date, funds are sent to your account.

Will my credit be checked by these companies?

No. Your credit is never checked by these companies, because it is not necessary for them to do so, as long as you meet their minimum requirements. This is one of the benefits of signing on with them.

Instant Unsecured Loans webpage.