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If you find yourself unexpectedly in need of money, there are several options that won’t need you to do a lot of research. Loans usually require a lengthy registration process in which you must fill out several paperwork and give verification of your capacity to repay the loan, and occasionally getting a loan requires interviews. 

If you can’t afford to go through all of these formalities and you need money fast, here are several loans that can be authorized and released in an hour or less:

Loans That You Can Acquire in an Hour

Credit Card Cash Advance

Using a credit card to obtain cash is incredibly handy since you already have a credit card and will not have to fill out any additional paperwork or forms. Simply visit an ATM or bank to withdraw the permitted cash advance given by your credit card issuer.

Loan Apps

Nowadays, mobile banks may also provide loans using their apps. Banks typically email customers who are eligible to make these loans, and you can acquire one with just a few clicks. You must wait for this immediate loan to be accepted, and the funds will be sent into your account as quickly as it is approved. It’s really handy, especially because you won’t have to leave your house to apply for and collect your loan.

Payday Loans

Payday loans are short-term loans with no security that are payable the next payday. This type of loan requires speedy approval and release of cash, and you can apply for it from banks or chosen creditors. Payday loans include high interest rates and fees since there is no collateral as well as fees when the loan cannot be returned on time. 

Certain federal credit unions provide payday loans that function similarly to payday loans. The loan has less costs and has regulated interest rates. You must be a credit union member for at least one month to qualify.

Pawn Shop Loans

To obtain a pawn shop loan, you must first visit a reputable pawn shop and give anything as collateral. Personnel will appraise the worth of your item and present you with an appropriate sum. People who need quick cash usually pawn their jewelry, watches, musical instruments, electronics, or other valuable stuff. 

The pawn shop will retain your item until you return the loan and any associated interest.


When you are in desperate need of money, there are several organizations that provide speedy loan approval and discharge. When you need cash quickly and there are no collaterals involved, interest rates might be rather high. It is critical to understand your alternatives so that you may make the best decision possible about the loan you are taking out.

Joyce Marter

Joyce Marter is a licensed psychotherapist with 25 years of experience and entrepreneur who founded and successfully sold Urban Balance, a national outpatient mental health company in the U.S. Marter is an adjunct professor at Northwestern University, international speaker, blogger for Psychology Today and mental health thought-leader specializing in the psychology of money.

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