How to Apply for Lån På Timen (Hour Loans) – A Brief Guide

How to Apply for Lån På Timen (Hour Loans) - A Brief Guide

How to Apply for Lån På Timen (Hour Loans) – A Brief Guide

How to Apply for Lån På Timen (Hour Loans) – A Brief Guide – Looking for extra cash to solve an urgent need could be frustrating at times. Sure!!! Lots of ideas would be passing through your mind. However, there is one quick way to get instant cash. With loan by the hour, your account gets credited in no time and you can solve that problem easily.

Most times, getting a loan is a tedious process. From searching for a creditor to application and final disbursement to your account, time counts. Some may take up to 7 days or even months to get approved. Depending on the type of loan you want and what you need it for, you can always get one that best suits your plan.  if you need a quick fix, you can visit – lån på timen for more information.

Gone are the times where you have to stick to one process and option. You can get access to the amount you need with just one click from your mobile device. Getting a loan is now faster, easier and less stressful.

In this article we would do a quick review of how to apply for loan by the hour. Please keep reading as we explain more.

Factors to Consider Before Applying for Loan by the Hour

The following are some of the factors you need to consider before applying for one:


Before applying for any loan, it is always important to know why you need the credit. This is because you will not want to collect a loan for nothing. Accruing a debt always comes with a responsibility. So, you need to pin-point an exact purpose for which the credit will be used.

This could be to pay your rent, school fees, hospital bills or to finance another loan. Write down the purpose and ensure that it is used for that purpose. This will go a long way to help you make use of the loan wisely and also solve your urgent need.


The next thing you will need to consider is the amount. When you have a purpose in mind, you will have a speculated amount in mind too.  Unlike mortgage loans, the loan offers available for loan by the hour is usually limited. This is because they can be gotten instantly.  You do not have to go through the long documentation process of submitting substantial documents. You just need a valid means of identification.

As a result, this makes it difficult for you to obtain a huge sum. So, if you are looking for a huge sum, this definitely would not be the best option. However, if you need petty cash, you can get started right away.

Application Process

As stated earlier, the application for this type of loan is easier, faster, and quicker. It is an online process that can be done with the aid of your smartphone or an internet connected device.  You do not need to go there physically.

All you need to do is select a lender, download the app, sign up and register. After registering, you can request for a loan, upload the required documents and information. At this stage, the lender reviews your application in a few minutes. If all the documents are accurate, your account will be credited within some minutes too.

You can also choose a repayment time frame that will be suitable for you and the interest rate. This is really a flexible process.

Terms and Conditions          

Every loan has its terms and conditions. So, it is important that you read and understand these terms and conditions before applying for it. Most times, loan by the hour does not require the use of a collateral. If you do not have one, you have nothing to worry about. You only need to have a credit card or a functional bank account to make the process easier.

As part of the terms and conditions, age limits are also applicable. Depending on the lender, age limits range from 18 and above or 21 and above. Therefore, you will need to check whether you’re within the eligible age criteria.

Additionally, when filling the loan application form, there is usually a space for occupation. This is to ensure that you have a means of income to enable you repay the credit. Before you decide to borrow instant cash, ensure that you have a means of repayment to avoid a breach of the contract.

Credit Score

Your credit score is a value that determines your credit worthiness. It is usually between 300 and 850.  It is a score that tells whether you are likely to pay a loan on time or not. It is determined by a record of your previous credit files or credit history.  If you have a high score, you have better chances of getting a loan quickly and vice versa.

 Some instant cash lenders require your credit score before approving your application. So, it is important to ensure that you do not have a low credit score before applying for credit by the hour.

Interest Rate

The interest rate on loans differs depending on certain factors like the duration, lender, and amount. Like other types of loans, the interest rate of instant credit is determined by these factors. This implies that there is no one-for-all interest rate.

Before you apply for a loan, ensure to read and understand everything about loans. Reading materials explaining bank interest rates helps you to make the right decision. You can also get good credit offers when you have proper understanding that enables you to compare the interest rates of two or more lenders before choosing one. This way, you would not have to pay back a huge sum.

Steps to Apply for a Loan by the Hour

The following are the steps involved:

Choose a Lender

There are numerous lenders or you to choose from. You also have the option to choose one whose terms favors you. This makes it important for you not to be in a hurry when making this decision. Do your research, ask friends and find out more information about any lender before using their services.

You can also do a Google search for the best lenders around you.

Go to their Webpage

The webpage of every business gives ample information about it and the services they offer. After choosing a lender, go to their page. Check for the services they offer, their interest rates, duration, and the amount available for quick cash. If you are okay with it, you can go ahead to start the application process.

Get Started    

From their webpage, you get the directions on how to get started with the application process. Click on “get a loan”, then provide all the necessary documents and information required. Some of this information include personal info, valid identity card number, employer’s details, loan terms and conditions, and guarantor details.

When filling out the form, ensure that you provide accurate information in order to avoid delay in disbursement. 

Submit Application

After filling the application, review it one more time, then submit. After submission, your application awaits approval.

Approval and Disbursement

Also known as the verification process, approval is usually done by the lender. Most times loan by the day makes use of a verification software. This software can easily detect if there is a discrepancy in the information provided. If there is, the loan would not be approved, but if there is not, it will be approved.

After approval, it moves to the disbursement stage. Within a few minutes, you get to receive an alert of the funds in your account.

Helpful Tips to Consider When Applying for a Loan by the Hour

Here are some helpful tips:

  • Always borrow from a reliable and worthy lender
  • Have a stable means of income in order to avoid defaulting repayment terms and conditions
  • Make sure you provide the right information when filling the form
  • Always be mindful of your credit score. This goes a long way to determine whether you will get the credit or not
  • Beware of proxy loan website to avoid falling prey to scammers
  • Do not divulge your pin and other highly sensitive information to lenders, as it could be used to defraud you
  • Always read reviews from previous customers. This will give you a broad overview of the quality of the lender’s services
  • Try as much as possible to borrow an amount within your limits, that is, an amount you can easily repay.

These are some helpful tips. If you need more, you can check here.


We have discussed how to apply for a credit by the hour in this article. We have also explained the steps and given you some helpful tips. So, before you apply ensure that you understand how it works. Be careful not to make rash decisions. Check out your options and choose the best that suits your needs. You can always find a quick fix for that problem. Get up, grab your phone, and explore the opportunities. You can’t imagine what benefits you can enjoy.