Definition of «instant approval»

The term "Instant Approval" refers to a process whereby an application for credit or loan is approved immediately, without any delay. This means that as soon as all the necessary information and documents are submitted, the applicant can expect an immediate response in the form of approval. In other words, there is no need for further review or evaluation since the decision has already been made based on the initial submission. Instant Approval is typically offered by lenders who have a streamlined process and use advanced technology to quickly assess creditworthiness and make a decision. This can save time and effort for both the applicant and the lender, as well as provide quick access to funds when needed.

Sentences with «instant approval»

  • It is not that people with the best credit scores alone get instant approval cards. (Credit-Land.com)
  • Looking for instant approval online can help you learn whether or not you qualify quite quickly, and can even get you using your credit card sooner. (bestratesin.com)
  • The table below shows a sampling of instant approval credit cards, and what makes them a bad choice for consumers. (valuepenguin.com)
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