How Online Loans Work

Start in minutes: complete a short application, see potential options, and review offers.

Review terms before you accept: check APR, fees, repayment dates, and any automatic withdrawals.

How to Get Started

Getting an online loan usually follows a short, predictable path:

Choose a provider — pick a licensed lender or marketplace that operates in your state.
Fill the application — basic identity, contact, and income/bank details (this typically takes 5–10 minutes).
Prequalification — many lenders offer a soft check to show likely rates without affecting your credit.
Document verification — you may upload ID, pay stubs, or bank statements if required.
Review offers — read the APR, term, fees, and repayment schedule carefully.
Accept and get funded — follow the lender’s instructions to receive funds.

Pro tip: Have a recent pay stub or a few recent bank statements handy to speed verification.

Funding Timing Explained

Same-Day Decision vs Same-Day Deposit

A same-day decision means the lender quickly tells you whether you’re approved. A same-day deposit means funds land in your account the same day — and that depends on bank posting windows, cutoff times, and verification steps. Decision ≠ deposit.

Cutoff Times, Weekends, and Holidays

If you’re approved after the lender’s cutoff time (often mid-to-late afternoon in the lender’s time zone), funding may occur the next business day. Weekends and bank holidays can delay posting — earlier submissions on business days increase the chance of same-day deposit.

Why ACH Can Take Longer

ACH transfers pass through banking networks and are subject to bank posting schedules and settlement windows. Even after a lender initiates funding, your bank may not post the deposit until its next processing cycle.

Why Apply with ASBNow

Clear next steps

We tell you what documents we need and what happens after you accept — verification, funding windows, and contact points — so you always know what to expect.

Transparent costs

APR, origination fees, payment schedule, and total repayment are shown before you accept. No hidden fees, no surprises.

Security and privacy

We use industry-standard encryption and strict privacy controls to protect your data. We only share what’s necessary with vetted partners to process your application.

Explore Loan Options

Quick links to common online loan types — click to learn more:

Borrow Responsibly

Borrow only what you need.
Have a clear repayment plan before you accept.
If you struggle to pay, contact the lender early — many offer hardship options or payment plans.
Learn more: /blog/how-to-choose-a-loan/

FAQs

Possibly. You may receive a same-day decision; same-day funding depends on verification, cutoff times, and your bank’s posting cycles.

Common items: government ID, proof of income (pay stubs or bank statements), and a bank account for deposit/repayment. Requirements vary by lender and state.

Decisions can be based on income, debt-to-income ratio, identity checks, or documentation. You can often reapply after updating your information or improving documentation; wait times vary by provider.

Yes — contact support as soon as possible. We can usually update pending applications before final underwriting.

If a deposit fails, funding may be delayed. If a scheduled payment is returned, you may face returned-item and late fees. Contact support immediately to discuss next steps.

Email email@asbnow.com or use the contact form on the site for application help, documentation questions, or privacy requests.

We use encryption for data in transit, limit internal access to personal data, and share information only as needed with vetted partners. Our privacy policy explains retention and sharing practices.

ASBNow is a loan-service and marketplace platform — not a lender. This website provides a service that connects consumers with third-party lenders and financial partners who may consider your request for credit. We do not underwrite loans, we do not make credit decisions, and we do not guarantee that any visitor who submits an inquiry will receive an offer, be approved, or be funded. Submitting a request through ASBNow is voluntary and does not obligate you or any lender to enter into a loan agreement. We collect and transmit the information you provide to participating lenders and partners so they can review your application. That transmission does not create a contractual obligation on the part of any lender to extend credit, nor does it guarantee that an offer will be made. ASBNow does not endorse or recommend any specific lender or lending product. We do not charge visitors a fee to use this site. All questions about the terms, costs, servicing, or collection of a particular loan should be directed to the lender or loan servicer that issues the offer. If a lender requires additional documentation (for example, identity or income verification), you may be asked to provide it by email, secure upload, fax, or other methods the lender specifies. Timing for funding varies. Even if a lender issues an approval or decision quickly, the time it takes for funds to post to your account depends on the lender’s processes, the funding method, your bank’s posting windows, and the lender’s cutoff times. Weekend and holiday processing can also affect timing. ASBNow is not responsible for delays in disbursement or bank posting. Availability of products and services differs by state due to licensing, regulatory requirements, and lender participation. Not all products are available in every state. Before you submit an application, check whether offers shown to you are available where you live. Credit checks may be performed by lenders as part of their evaluation. These checks may include soft inquiries (which generally do not affect your credit score), hard inquiries (which may affect your credit score), or the use of alternative data sources. Lenders may obtain consumer reports from major consumer reporting agencies (such as Equifax, Experian, and TransUnion) or other sources to verify credit history and identity. By submitting a request, you acknowledge and agree that your personal information may be shared with third-party lenders and partners and that lenders may obtain credit reports or other information necessary to evaluate your application. Be aware of scams: legitimate lenders will not demand payment before disbursing funds and will provide clear disclosures regarding fees and repayment terms. If you are asked to pay an upfront fee to secure a loan, or if a lender pressures you to act immediately without providing written disclosures, pause and verify licensing and identity before sharing additional personal information. This site provides educational information and matchmaking services only; it is not a substitute for independent financial, tax, or legal advice. If you have questions about an offer, a loan’s terms, or your rights, contact the lender directly or consult your own advisor. For details on how we collect, use, and share personal information, please review our Privacy Policy. Your use of this site and submission of a request constitutes your agreement to the foregoing and your acknowledgment that ASBNow is a service that facilitates loan inquiries — not a lender, creditor, or loan servicer.