A quick loan is a type of loan designed for fast approval and immediate disbursement of funds, catering to individuals facing urgent financial needs. Typically available through online platforms, quick loans often have simple application processes and minimal documentation. Common examples include payday loans, cash advances, and emergency personal loans. While quick loans provide convenience and speed, they often come with higher interest rates and shorter repayment periods. Borrowers must review terms carefully to avoid unexpected costs and ensure they can meet repayment obligations.