Each lender has a different process in place for qualifying applicants. However, most direct lenders will try to contact you over the phone to verify specific information. They may also need to contact your employer to verify employment. Another requirement may be that you need to verify your bank information or direct deposit information. Once all the pertinent information is verified they will underwrite the online loan and hopefully approve you within that same business day. Assuming you’re approved, it will typically take 24 hours for you to get the cash you need.