The first thing to consider here is the definition of the word fast loan, because how you choose to look at this word very much controls what you think a fast loan is. If you think about fast loans in the sense of, for example, SMS loans, you will find it difficult to find a loan of this size.
It is true that most lending institutions that deal with micro loans only lend a maximum of USD 3,000 – 5,000. Because otherwise this is by far the fastest method if you want to borrow money as the payment is often made on the same day.
If you can instead be satisfied with getting the money
Paid out within a couple of days from the time the loan is applied for, your opportunities will greatly increase. Because then you can apply for a classic private loan. These loans normally have a clearly lower interest rate and then they can also extend over a much longer period. It is possible to borrow between USD 10,000 – 350,000 through a private loan.
Getting a private loan goes really fast really. It will take a couple of days from the time you apply until you get the money paid out when you will receive a promissory note that you will sign and send to the lender. If you can settle for this rate you can call a private loan for a fast loan of USD 20,000.
A little further down this page
You can find a list of a number of lenders that offer you to borrow USD 20,000 through private loans. You can also visit our site where we compare these lenders a little more carefully so you can get a better overview.
If you still want to take out a micro loan of this size, we can’t help you with some tips as there are no lenders offering such large loans. And taking several micro-loans to get this sum together is not a good idea as it will cost a lot of money.