Locate a company which provides loans online. Using an Internet search, find a company which provides "instant loans," "payday loans," or "personal loans" in a pinch.
Fill out the application for the online loan. The process of how to get a fast loan online is usually straight forward. The application will ask for items such as your name, address, Social Security number and checking account information. The loan company will want to ensure that you have a checking account so that they can wire the money. Also, some online loan institutions do use your Social Security number to check your credit, while others do not.
- Obtain approval from the loan company. After review of your application is complete, you will either be approved or denied for the amount of money you are requesting.
- 4Agree to the terms and conditions of the loan. Pay close attention to the interest rate and fees which are being charged for fast online loans. Many times the terms of the loan specify that the loan be repaid within a short period of time such as one month. Therefore an interest rate at 20 percent might seem not much higher than a credit card. However, that is usually 20 percent per month, or 240 percent per year.
- 5Receive the money in your checking account. The loan company will wire the money into your checking account within 1 business day in most cases. You are now free to spend the money as you desire.