Victor Ciardelli
Victor Ciardelli is the President and CEO of Guaranteed Rate. He’s known as an innovative and driven entrepreneur, and an inspirational and approachable leader who loves new thinking and creative ideas.

Easiest loans and their risks

• Emergency loans.
• Payday loans.
• Bad-credit or no-credit-check loans.
• Local banks and credit unions.
• Local charities and nonprofits.
• Payment plans.
• Paycheck advances.
• Loan or hardship distribution from your 401(k) plan.

But are they really guaranteed? The answer is no. “Guaranteed” loans — a term that’s sometimes used to refer to no-credit-check loans like payday loans and some short-term installment loans — still have minimum requirements.

The most common reasons you would get denied for a payday loan (or any loan) would be your credit score, your income, and your past borrowing history. While many payday lenders do cater to borrowers with less-than-average credit scores, some won’t lend to you if they know you don’t have the ability to repay the loan.

HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it. Lower interest rates: Interest rates on Personal Loans are lower than other sources.

A loan guarantee is a contractual obligation between the government, private creditors and a borrower—such as banks and other commercial loan institutions—that the Federal government will cover the borrower’s debt obligation in the event that the borrower defaults.

Certainly the hope is the if a lender pre-approves a buyer that the buyer will successfully obtain the financing, however, it’s possible a mortgage can get denied even after pre-approval. A mortgage that gets denied is one of the most common reasons a real estate deal falls through.

If you are not approved for a loan, you will receive what’s called an adverse action letter from the lender explaining why. By law, you’re entitled to a free copy of your credit report if a loan application is denied.

What is a Personal Loan With Guaranteed Instant Approval? The word guaranteed is used too casually nowadays and must be understood in context. When used to describe personal loans, the guarantee refers to instant decisions that take place at least twice during the borrowing process — once at prequalification and again at final approval.

As financial technology rapidly progressed, the thought of waiting for a loan decision now seems antiquated. But you may still have to jump through some hoops for loan approval if you have bad credit. If you’re tired of playing those games, we have the information you need.

The short answer is no. There is no way you can get a guaranteed loan with instant approval because no lender can guarantee that your application will be approved. If the lender believes that the risk of non-payment for you is remarkably high, then your application will get rejected. Visit our instant loans page for more information.

It takes only a few minutes to apply for an online guaranteed payday loan (or for a guaranteed payday cash advance alternative, namely a short-term personal loan), and you will usually receive a loan decision within seconds after hitting the submit button.