Stuck for cash and need it fast but are worried that your lack of collateral or your bad credit score will prevent you getting it? Well, you’ll be relieved to know that nearly 100% of those that apply get the instant personal loan guaranteed. The application process is easy, the terms and conditions are straightforward, and you get the money within 24 hours.

You can get guaranteed instant approval of a personal loan just about no matter what your circumstances are. However, what you need to understand is that the amount you can borrow, the interest charged and the length of the loan are determined mainly by your credit rating, whether or not you’re putting any collateral against the loan, and by your monthly income.

If you are offering collateral, have an excellent credit score and are a high earner, you can expect to receive more favorable terms; such as a higher borrowing amount, lower interest charges and longer repayments.

But don’t think that because you have bad credit that it necessarily negates the above three factors.

If you have collateral you can borrow up to a sizeable proportion of your asset’s value. Also, homeowners are viewed as being more reliable borrowers so if you paying a monthly mortgage you will not only get approval but you may be able to borrow more and get a better interest rate. And, if you’re a high wage earner you can expect to borrow more though if you have bad credit or are renting you may still have to pay a higher rate of interest.