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Why even the quickest loans can take time to arrange

Quick loans are all over the Internet, but you may still have to wait a few days to get your hands on the money. Lenders won't usually give you cash without a written signature, and both cheques and bank transfers can take several days to clear.

Quick loans aren't as fast as they may seem: while you can get an in principle decision in a matter of minutes, getting the money can take a week or more. One key delay is because most lenders need a written signature, so you can speed up the process by choosing a lender who lets you print off the application form at home.
Even when the lender has received your signature, quick loans still take time to arrange. A bank transfer takes around 3 days to clear, and if you're paid by cheque you'll have to wait a few days for the cheque to clear in your account. Some lenders will arrange same day bank transfers which clear immediately, but you'll usually have to pay a small administration fee for the privilege.
Another common option is to have a courier deliver the cheque to you the next day, again for a small administration fee. It sounds great but you won't be able to get the money until the cheque has been cleared. helps you find the best loans companies for your specific needs, and gives you background information on the various types of loans available in our loans articles, more loans articles and still more loans articles.

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