Fast Cash Loans for Emergency Purpose The fast cash loan is very useful for the emergency situations as you have to wait for a long time and need to complete many hazardous formalities in applying for the other types of loans. They are also known as the instant loans approved within an hour of receiving the loan application. The loan amount is transferred to the borrower’s account within twenty four hours of the loan approval. The one disadvantage about the fast cash loan is that the interest rates are very high when compared to other loans. Some of the eligibilities of applying for the fast cash loan is the individual must be 18 years of age, must be employed and earn at least thousand dollars per month etc… And without repaying the amount you cannot apply for the next loan. They are normally short term loans. You need to pay it on the next pay day but might have some conditions to extend. Usually the fast cash loans are taken by the bad credit holders. They don’t look for the creditworthiness and before selecting the fast cash loan companies make a broader search in the internet and compare several loan companies regarding the interest rates; minimum monthly salary, amount etc… make sure that you meet the eligibility criteria. Read the terms of agreement carefully before opting for the fast cash loan company. Be careful in filling up the loan application avoid missing out the information and that might delay the loan process.