I Need A Loan Today! What Are My Options?

September 30, 2021 | Daniel Dewitt

need a loan today

If you found yourself backed in the corner financially, you might feel that you need a loan today and you’re thinking about how you can get a loan and how can you get it fast. Luckily, if you need a loan today, you have more than one option to fall back onto.

Idaho Title Loans, Inc. offers prospective borrowers three different types of loans you could try if you need a loan today – without having to go through complicated bureaucratic procedures or endure long waiting periods to get the cash. From Idaho title loans to payday loans to signature installment loans.

Here’s our short comprehensive guide about each of these loans, and how to quickly determine which would suit you best if you need a loan today.

Your Options When You Need A Loan Today

1. An Idaho Title Loan

A title loan is a type of short-term secured loan – secured means you need to provide sufficient collateral to get approved for one. At Idaho Title Loans, Inc., your collateral would be your car’s title – so it needs to be completely lien-free and in your name.

Title loans are designated for car owners, so to be eligible you’ll need to prove you’re of legal age and outright own your car. As secured loans, title loans offer the largest maximum loan amount out of the three given options, depending on your car’s price and state you could qualify for up to $15,000.

If you need a loan today to cover a large and unexpected expense or an emergency you’ve yet to determine full expenses of, a title loan is probably the option you can consider first since it can give you the most space to maneuver.

How To Get A Title Loan

Fill out and submit the online request form on Idaho Title Loans, Inc. to send your information to the closest Idaho Title Loans, Inc. branch. When it gets processed, you’ll get a call from our loan representative, who’ll provide further information and schedule a meeting with you.

You’ll need to take your car, the car’s lien-free title in your name, and a state-issued ID (a driver’s license will also do) to that meeting. The loan representative will appraise the car and inspect the documents to determine if you qualify for the loan. If they approve you, you’ll get the money on the same day or the following business day.

payday loan

2. An Idaho Payday Loan

Unlike a title loan, a payday loan is an unsecured loan – there’s no need to put up collateral, but you will need to provide some kind of proof of income, to show you’ll be able to pay the loan off. Typically, this is your most recent pay stub, and the loan will be paid off on your next payday (hence the name).

That said, you don’t necessarily need to be employed to qualify for a payday loan. As long as you provide correct documentation, you should be able to use other means of income such as welfare or unemployment benefits, alimonies, court-mandated compensations, etc.

If you need a loan today to quickly cover a smaller emergency expense, then getting a payday loan is worth considering. At Idaho Title Loans, Inc. you can get between $100-$500 with a payday loan, enabling you to take care of smaller expenses quickly.

How To Get A Payday Loan

The process is similar to that of a title loan. You choose the form for payday loans in Idaho, fill it out, submit it, and wait for the representative to get in touch with further instructions.

Then you take your government-issued ID, your proof of income, and a blank check from an active checking account to the meeting. The representative determines if you qualify based on the documents, and if you do – you get your money on the same day or the following business day. 

signature installment loan

3. An Idaho Signature installment Loan

The last option you could consider if you need a loan today is a signature installment loan. A signature installment loan is similar to a payday loan in that it’s unsecured, but the maximum loan amount you could qualify for is significantly larger – up to $1250.

Unlike a payday loan, an installment loan is not paid off at once, instead, it’s paid over several installments for a set period.

It’s an option to consider if you need more money than you might get with a payday loan and/or you wish to have the flexibility of paying the loan over several installments.

How To Get A Signature Installment Loan

Again, you get started online by submitting a filled-out form for online installment loans in Idaho. You will need to have A valid state-issued ID (or a driver’s license), proof of income (preferably your most recent pay stub, but as with payday loans you don’t necessarily need to be employed to qualify for a signature installment loan), and a checking account statement open in your name.

You will take the documents to a scheduled meeting with a loan representative to be assessed. If the representative decides you qualify for the loan, you’ll finish the paperwork on spot and get the money on the same day or the following business day.

Get The Money You Need Today

If you need a loan today, either of these options might be worth considering. Just keep their individual characteristics and your prospective expenses in mind when deciding which one you should go with and submit the appropriate form to get started right away.