Getting Your Emergency Covered with a First Day Loan

Many people face the situation when their expenses don’t fit the received income. They have to look for alternative sources of funding. A first day loan can be one of the possible solutions to the problem. It can provide you with financial support at least for some time.

What is First Day Loan?

A first day loan is a short-term loan issued to cover sudden expenses for different categories of citizens. Its overall simplicity and flexibility makes it a great deal offered by direct lenders. Let’s see what kind of benefits can be enjoyed by average borrowers.


  • Short and convenient application form;
  • Chance to select the most attractive loan’s terms and conditions;
  • Low qualification requirements to be fulfilled by every applicant;
  • Principal balances as low as $100.


  • Extremely high interest rates;
  • Interest rates that don’t adhere to federal LAWs.

Why Choose First Day Loan?

Getting first day loans online is a popular solution to financial problems. As a potential borrower, you have more than enough reasons to try out this type of borrowing:

Convenient application

You don’t need to visit a lender’s land-based office to apply for a loan. This can be done in an online format. On the lender’s website, you will fill in a loan request form by entering some basic information about yourself and your financial situation.

Instant approval

After submitting a fast online application form at instant money, it won’t take long to get approval. This usually depends on the verification of your identity and the accuracy of provided information.

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Fast cash funding

The approved amount of money will be deposited to your bank account in one business day. So you will be able to use your money soon after applying.

How to Apply for First Day Loans from Direct Lenders?

Now that you are ready to ask for financial aid, you should choose a responsible lender. The market is full of lending services. Which ones can be trusted? This is a question that requires thorough research and analysis. Check everything properly – services, fees, penalties, customer support, and other details that matter. Your borrower experience depends on this choice.

Those who want to apply for an online first day loan will have to go through a standard application process. Whether you want to borrow $200 or $2,000, you will need to specify the same amount of information.

  • First and last name
  • Contact details (email and phone number)
  • ID Card and/or Social Security Number
  • Source and size of income every month
  • Bank account to receive funds

Once a lender gets your application, it starts reviewing the provided information. Is it accurate? Can it be trusted? Does it fulfill a lender’s requirements? If yea, a lender will take a quick look as your credit history. What is your credit score? Do you have any ongoing debts? A soft credit check won’t affect your credit score. It will end up as a short note in your credit record, nothing more. After that, a lender will be ready with a final decision. No matter how long it may sound, it actually takes a few minutes of your time.

If a lender’s response is positive, you will need to wait for cash funding. It is usually processed to your bank account within 24 hours. In most cases, it takes even less time to get money.

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Disbursement and Repayment Terms for First Day Loans

If a first day loan is approved by a direct lender, a credit check can’t be escaped from. The loan charge will appear on your personal account and will be deposited to your bank balance in one business day. So you can use the obtained amount of money in a short time.

While using the borrowed amount of money, you shouldn’t forget about your repayment obligation. This is something to be taken seriously. In the worst case scenario, you may face high penalties which often reach 50% of the loan value by the end of the repayment period.

If you allow your lender to become delinquent, you will be paying 1.5% per month based on the unpaid debt value. What’s worse is that future loan applications will most likely be declined.

To make your experience with the lender as smooth as possible, you should follow the agreement. This is the only way to make all parties involved in the process benefit from the deal.

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