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Instant Loan Approval

When you’re facing a financial emergency, you don’t want to wait weeks for a decision for a bank loan application.  You might not expect instant loan approval, but if your utilities are due to be shut off tomorrow, you need money immediately. In such circumstances, you might get a credit card advance or resort to dealing with a pawn shop. If you’re really desperate, you might turn to a payday loan. But LoanNow could provide the money you need without the drawbacks of payday loans.

easy loansCredit Cards 

You might not think of credit card advances as loans, but that’s what they are. If your credit limit is high enough and you haven’t maxed out your account, you could obtain instant loan approval in the form of an ATM withdrawal. Credit card companies place a premium on convenience, in the form of higher APRs for cash advances, and no grace period – interest charges begin to accrue as soon as you have the money in your hand. 

Pawn Shops 

Pawn shops also provide instant loans with no questions asked, provided you have merchandise that they consider valuable. However, pawn shops only advance a fraction of the value of your possessions. You also have only a short window, usually 30 to 60 days, to repay the loan – with a healthy dose of interest applied. Otherwise, you forfeit your possessions permanently. 

Payday Lenders 

Nearly every city has some form of payday loan store within its borders. Such establishments may be called check cashing stores or even currency exchanges, although both names are somewhat misleading. Whatever the label, payday loan stores operate pretty much the same way: you present your paperwork, including proof of income and one or more post-dated checks payable to the payday lender. You receive instant loan approval for a loan somewhat smaller than the amount of your post-dated check(s). The payday lender collects payment by depositing your check(s) on the specified date, which is usually on or immediately after your next pay period. If your checks bounce, or if you stop payment, you’re faced with charges from your bank and the payday loan store – along with still owing your original loan.

Online payday lenders often allow you to complete the application process online, with nearly instant loan approval. Funds are deposited into your bank account through the Automated Clearing House (ACH) system. On your due date, the payday lender initiates an ACH withdrawal.  If the first attempt is unsuccessful, the lender may make several attempts, with each failed withdrawal generating stiff fees from the lender and your bank.  Unlike checks, it’s nearly impossible to stop payment on an ACH withdrawal.

The LoanNow Difference

LoanNow doesn’t require you to choose between waiting weeks for a bank decision or resorting to desperate measures like putting your possessions in hock.  Thanks to our technology driven model, we can provide nearly instant loan approval – without drawing you into the payday loan trap. You get the money you need with repayment terms you can live with. That’s the LoanNow difference!

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Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

LoanNow Score

* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.