What Are Quick Cash Loans?


Most of us could do with a little extra cash from time to time. Those moments when bills are higher than expected or something suddenly needs repairing come to mind!

And if you need cash fast and haven’t got an emergency fund (you wouldn’t be the only one), then that’s where quick cash loans can help you to get out of a tight spot – quickly.

So what are they?

Quick cash loans are essentially short-term loans that have hassle-free application processes and fast turnarounds for receiving the money. 

As a result, quick cash loans are ideal when you need cash fast and don’t want to go through a long application process to get it. 

The process can be done online as well—like at CreditNinja cash online—so you don’t even need to walk into a bank or talk to anyone face to face to receive the money in your account.

That’s quick cash loans in a nutshell. But if you want to know more, you’ll find more useful information about quick cash loans below.

What Is A Quick Cash Loan?

A quick cash loan is a short-term loan that quickly gives borrowers a small amount of money, usually with a faster, shorter application process than other loan applications. 

In general, quick cash loans are used to cover emergency expenses. A few examples include:

  • Medical bills
  • School or education costs
  • Vehicle repairs
  • House repairs
  • Moving expenses
  • Funeral costs
  • Large essential purchases

As quick cash loans are generally used for emergency costs, this also means that the repayment period is usually completed short-term. 

The repayment period can depend on the amount borrowed, but typically the period for paying back quick cash loans can be anything from one or two weeks to a few months or years.

Types Of Quick Cash Loans

There is more than one type of quick cash loan, so it’s worth knowing what they are before applying for one. The types of quick cash loans, and loans that are similar to quick cash loans, include:

  • Payday loans: Payday loans are short-term loans that you have to pay back on your next payday. These loans are usually for small amounts, but can be for larger amounts of money.
  • Installment loans: Installment loans are short-term loans, but are typically for larger amounts. These loans are paid back in installments over a set period of time, typically between 3 and 24 months.
  • Personal loans: Personal loans are loans that can be used for a variety of personal purposes, including unexpected expenses. These loans are typically for larger amounts than payday or installment loans.
  • Title loans: Title loans are short-term loans that use your vehicle as collateral (in case you can’t pay back the loan). These loans are typically for smaller amounts.
  • Cash advances: Cash advances are short-term loans offered by credit card companies. These loans allow you to borrow cash against your credit card limit, but come with high interest rates and fees.

The Benefits Of Quick Cash Loans

There are a number of benefits to quick cash loans, especially if used wisely as a financial tool to help pay for unexpected expenses or emergency costs. Some of benefits of quick cash loans include:

  1. Quick access to funds: As the name suggests, quick cash loans are designed to give borrowers quick access to funds. This can even be within a few hours of applying, which is especially helpful if money is needed in an unexpected emergency situation.
  2. Easy application process: Similar to how the funds are released quickly, the application process for quick cash loans is often quick and simple. Some quick cash loans can be applied for online, and don’t require heaps of documentation or lengthy credit checks.
  3. Flexible repayment terms: Some quick cash loans offer flexible repayment terms, which can be paid back over a negotiable schedule that’s ideal or manageable for the borrower. 
  4. Can be done online: Since quick cash loans can be done online often with quick and easy application processes, they are also ideal for borrowers who may be embarrassed to apply for a loan in person. 
  5. May improve credit score: As quick cash loans are a type of loan that requires repaying, paying back the quick cash loan in a timely manner, or as agreed over a set schedule, may improve credit score, which can also increase the chances of being approved for other loans in future.


Quick cash loans can be obtained from various lenders, including banks, credit unions, and online lenders. The application process is usually fast and simple, and approval for the funds is often granted within a few hours or days.

As a result, quick cash loans can be a useful financial tool for borrowers who need fast access to funds and don’t want to go through lengthy application processes to receive the money – especially in tight situations where money is needed in an emergency.

Unlike other loans, quick cash loans are short-term. The loan is approved quickly and repayment is also often arranged to be completed quickly, making them both convenient and useful in different financial situations. 

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