5 Reasons Why You Should Consider a Quick Loan for Home Repairs

According to one recent report, the average American homeowner spends around $3,000 per year on home maintenance and repairs. From an outdated roof to a leaky bathroom faucet, there are many different issues you may need to fix or mend. 

Unless you have that money saved up, it can be financially draining to spend your savings on these necessities, however important they might be. 

Thankfully, a quick loan can help. Today, we’re sharing five of the top reasons why this type of loan is a great way to pay for home repairs — both routine and unexpected. 

What Is a Quick Loan?

As its name implies, a quick loan is a type of personal loan that provides you with money almost instantly, usually on the same day that you need it. If you need to cover expenses as quickly as possible, it’s one of the easiest and most efficient options. 

This is especially true when you compare the timeline of a quick loan to that of a traditional loan, offered by a bank or credit union. Those agreements can take weeks or even months to complete. Once you complete your initial application, the bank has to analyze and review your financial information to gauge whether you’re a viable candidate for a loan.

After their lengthy review process, you may find out that you qualify. If not, you’re forced to look elsewhere. By then, you’re even more behind on your payments. 

A quick loan has a much simpler and faster review process. There are also fewer limits in place, which means more people can qualify. This includes individuals who are still working to get their credit scores where they need to be. 

If you have home repairs on the horizon, an instant loan can help you cover the costs. Here are five reasons to look into one today.

1. It’s Easier to Qualify

As mentioned, it’s easier to qualify for a quick loan than a traditional loan. In fact, these types of loans are ideal for people with less-than-perfect credit.

If you were to apply for a loan at your local bank, your credit score would be a major consideration. In some cases, it could even render you ineligible to receive the funding you need. On the other hand, quick loans don’t have such tight restrictions. 

You shouldn’t have to jump through hoops to mend drywall or fix a broken porch post. When you need money fast, you should be able to get it — no matter what your financial history might look like. 

2. The Application Process Is Fast

There’s a reason why so many people choose a quick loan, such as a payday loan, when they need money. It’s fast.

First, you’ll notice that the application process is a cinch. From start to finish, it only takes a few minutes to complete. All you have to do is answer a few questions and send in a few documents. 

Once you do so, you’ll find out if you qualify. You don’t have to spend days worrying and waiting around. You’ll know immediately and can move on with the rest of your day.

3. It’s Secure

When you apply for an online loan, you may worry if your sensitive and confidential data is secure. If this concerns you, you’re in good company. Research shows that 81% of Americans feel like they’ve lost control over how their personal information is stored and shared online. 

The good news? As long as you work with a reputable and trusted lender, you can rest assured that your private details are always safe. At Fast Loan Direct, our online form is not only lightning quick. It’s also secure. 

We take your information very seriously and work diligently to ensure that it’s always protected. 

4. You Get Cash, Fast

If you qualify for a quick loan, you don’t have to wait days for the funds to appear in your bank account. We know that you need the money as quickly as possible and we’re here to make the process easy. 

The funds will arrive in your account the very next day, via direct deposit. This gives you the peace of mind and financial security you need to go ahead and schedule those much-needed repairs. 

Once the payment is in place, you’ll pay it back over a fixed period of time, following a fixed interest rate. As long as you can make those regular monthly payments to your lender, you’re free to use the cash as needed.

5. Your Spending Options Are Flexible

When you receive a quick loan, you aren’t pigeonholed into using it for one specific purpose. It’s your money, and you’re free to spend it however you need to. As long as you can meet our payback terms and conditions, there are very few restrictions in place. 

This is another benefit of quick loans over traditional options. With those loans, you’re required to spend the money to cover a certain, pre-determined expense. For instance, a business loan can only cover business-related costs and expenditures. 

That isn’t the case with a quick loan. You can enjoy much more flexibility, which opens new doors of possibilities. 

From the kitchen or laundry room to the garage or outdoor shed, you can spend the loan money on any space that needs repairs! If you need a personal loan for any other reason down the road, our instant loan process is always available. 

Apply For a Quick Loan Today

No one anticipates a house repair. In a perfect world, your home would always operate as you expect, and nothing would break down. However, this isn’t always the case.

When you need to fix something fast, we make it easy to find the quick loan you need. At Fast Loan Direct, we have a large network of trusted lenders who are ready to help.

You can review your options, choose the one that works for you, and get started immediately. There are no obligations until you’re 100% satisfied. Simply complete our online form, and we’ll help you connect!