An urgent loan, often called a rapid or instant loan, is a financial product meant to give customers quick access to money. It entails an expedited application process that results in immediate approval and payment. Fast loans, as opposed to typical loans, require less stringent screening, making them available to people with bad credit or urgent financial requirements. Quick loans, frequently provided as modest personal loans, are designed to meet the needs of borrowers needing rapid funding for critical costs, unforeseen expenses, or possibilities with short deadlines. However, quick loans could have higher interest rates and fees due to their convenience and speedy processing, so consumers should use prudence.