An instant loan can be applied for easily and online with funds being directly deposited into a checking or saving account within 24 hours. The application process can be very simple and approval can usually be done instantaneously. No matter what the funding will be used for, there is one available to every gainfully employed person, regardless of credit history or previous lending history. Everyone runs into situations in life where there is not enough money in the bank to cover all expenses; the purchase of a property, an emergency fix on that property, childbirth, sickness and disease; the list goes on. Luckily, instant loans are available for a number of reasons and amounts and can be approved almost instantly. It is important to consider, however, whether or not the money needed is for a necessity or for a material desire. Hefty interest is charged and extra fees to enable the processing of the financing to be so quick. Being wise and frugal with the option of borrowing money is recommended. "If any of you lack wisdom, let him ask of God, that giveth to all men liberally, and upbraideth not; and it shall be given him" (James 1:5).

Emergency financing could mean never having to ask a family member for money again or not having to go through a long process with a branch bank for a small loan. Instant loans make these a thing of the past. The first decision to make before applying for any financing is to consider the lending source. Many sources can be found online from a variety of organizations. Some will only approve borrowers with proof of income and proof that the money will be used for a specific purpose (for example, a second home mortgage). Some may require credit history checks but some will not. If the borrower is not looking for a large loan and needs money to pay off credit cards or may even need a paycheck advance, an instant loan is available in smaller amounts. There are a few things to consider when applying. One is deciding whether the lending institution can be trusted. Be sure to research the corporation or business for credibility.

The worst-case scenario can be one of identity theft. This could happen with an application if the online site is not secure or the company is not credible. Another thing to consider when taking out an instant loan is the percentage rate of interest charged. For small amounts this number is very small. For example, if financing for a paycheck advance, the borrower may be charged 15% of the total amount in interest. For this one time charge, it is not a huge payment. However, if a large amount for a home or boat, 15% can become thousands of dollars. It is important that the borrower is financially able to get funding in this way and be financially responsible. No matter the reason for taking out instant loans, there are several available. Biblically, God calls all to be financially responsible for their own financial and emotional benefit.