How To Take a Cash Loan In Under 60 Minutes


With the current technological advancements, we can get anything we desire in a click. Loans are no exception, as you can take out cash loans in less than an hour. 

Nowadays, there are reliable money lending platforms that offer instant loans when you’re in an emergency. This guide will take you through how to get loans in under sixty minutes. 

One Hour Loans

As per the name, these loans are disbursed in under one hour after the approval of your loan application. These loans come in handy when you’re in dire need of quick cash. Platforms like Gday Loans connect borrowers with top lenders in Australia who offer cash in 1 hour no credit checks centrelink

Types Of One Hour Loans

1. Short-term loans 

Short-term loans have loan periods that are less than one year. However, some lenient lenders offer extended loan terms ranging from 18 to 24 months. 

Even though these quick cash loans are more suitable for businesses, you can get a short-term personal loan if you have a financial emergency. 

2. Payday Loans

These are quick cash loans appropriate for personal emergencies. You must pay these loans as soon as you get your next paycheck, as the repayment plan is based on your income frequency. 

Bad credit borrowers are also eligible for payday loans as long as they have a regular income. 

3. Secured Personal Loans

Borrowers must provide collateral when applying for secured loans. This guarantees that the lender will get their cash back even if they default on payment. 

The lender can take the asset provided as collateral into possession to compensate for the loan amount if you fail to repay the loan in time.

Although this is risky for most borrowers, it’s a guaranteed way to acquire large loans. Secured loans have flexible repayment plans and low-interest rates. 

Furthermore, loan providers typically offer a grace period in which you can clear late payments without incurring any penalties. 

Besides, you can always contact your loan provider if you’re having trouble meeting your financial obligations so that they can move you to a more flexible repayment plan or extend the due date. 

Remember that while a 60-minute guaranteed loan will let you take out more money than other options, it’ll still be below what regular secured loans offer. The reasoning behind this is that since you need quick cash, the lender has limited time to analyze your creditworthiness. 

How Instant Cash 1 Hour Loans Works

60-minute loans work just like any other type of advance, except that they’re issued by creditors who have an efficient process. 1-hour loans require less documentation than personal loans. Creditors use your age, income, residential status and credit history to determine your eligibility. 

Because these factors don’t need much assessment, creditors can approve your advance very quickly — the loans are instantly wired into your account after approval. Some creditors might also give the 1-hour advance in cash so that you can access the money immediately. 

You must meet the following criteria to qualify for 60-minute loans:

  • Be above 18 years
  • Be a full-time Australian resident
  • Have a decent credit score
  • Have proof of income 

Application Process

To apply for the 1-hour advance, follow the steps below:

Step 1 – Submit The Application Form

Visit the creditor’s website and fill out the application form. Be sure to provide all the necessary documentation needed for the application process. 

Step 2 – Wait For Approval

If the creditor approves your application, you’ll receive the funds in your account in an hour.


  • Simple application process: The application process is entirely online, making it fast and convenient — the documentation required is also easy to provide.


  • Fast cash disbursement: Once a lender approves your loan application, the money will be transferred into your account within an hour. 


  • Cost: 1-hour cash loans attract high-interest rates, making them expensive — the risk for the creditor is higher since they don’t conduct credit checks. 

Bottom Line

Getting a loan in an hour isn’t impossible. Usually, approval is dependent on a creditor’s policy rather than the loan type. Nevertheless, some loans get approval faster than others since they have fewer requirements and are more flexible.


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