Frequently Asked Questions

General FAQs

Who is eligible for a loan?

For you to be considered for a loan, you need to fulfill the following requirements:

• Be a permanent resident or a citizen of the US
• You shouldn’t be on active duty in the military or be a dependent/spouse of an individual in active service
• You must have attained the age of 18 years by the time of application
• Have a minimum income of $1000 per month and be ready to provide proof of the earning

How much will I be allowed to borrow?

Normally, the amount available for a payday loan varies between $100 and $1000. However, the exact amount you can qualify to take will be determined by the information you submit during the application. Most people who are borrowing for the first time usually get any amount between $400 and $800 while repeat customers with good records can easily get up to $1000. But if you are interested in an installment loan, it’s possible to get up to $5000.

How do I apply for an online loan?

If you are working with us for the first time, you need to complete the online application. Upon submitting your loan request, you will be notified about the approval status in a few moments. But if you are a returning customer, all you need to do is log in to the system.

How will I know the approval status of my application?

After you’ve successfully submitted your application, you will receive a notification in a matter of minutes. But in the event where you’ve not received any response after some time, please reach out to us.

Why am I required to submit my banking details?

We ask you to provide your correct account details so that we can deposit the money. Normally, the transaction will take 24 hours after which the cash will be available in your account. But if you want to access the cash in a shorter time, some additional fees may be applied. Please remember that the availability of this option is in accordance with the lender’s discretion.

When will I receive the borrowed amount?

Under normal circumstances, the money will be available either within 24 hours or on the following business day and it is transferred to your account. However, the exact deposit durations will change based on the lenders as well as the type of loan you’ve requested. More often than not, personal loans and installment loans are processed at a slower pace.

Do you work with individuals without credit?

Of course! We are happy to help all kinds of people.

Will I be charged any fees when I use your service?

Definitely no. We provide a free online application service and you are under no obligation to make an offer with rates and terms that you are not comfortable with.

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Personal Loans

What are personal loans?

These are loans that require no collateral and they are guaranteed by your signature.

How does a personal loan work?

After you’ve filled up all the required information in the online application form, please countercheck to ensure that everything is accurate. When you are making the application, it is of utmost importance to provide updated and precise information so that we can find the best loan provider for you. In most cases, inaccurate information will not only affect the cost of borrowing but also your probability of getting approved.

I have bad credit; can I still qualify for a loan?

Yes, we are committed to assisting individuals with low credit scores to get the right financing.

Is employment a mandatory requirement for personal loans?

No, you will qualify as long as you have some form of regular income. Lenders will accept incomes in the form of benefits, disability settlements, social security, and many more.

How will I receive the funds?

Most loan providers will transfer the funds into your personal bank account.

What are the loan limits and for how long can I borrow?

Basically, you can borrow any amount between $5000 and $35,000. However, not every lender can lend you $35,000.

Can I spend a personal loan on anything?

You can use the money for whatever you like. Whether its medical bills, debt consolidation, home improvement, travel, wardrobe upgrade, or traveling the world. In a nutshell, a personal loan is great for settling high expenses as opposed to small ticket purchases.

What are the repayment terms of a personal loan?

The terms will range between 1 to 6 years. However, the specific repayment terms are determined by the state laws as well as the lenders which means that not all borrowers will be eligible for the 72 months maximum term. To be more certain, you can use the online loan calculator to get a clear picture of what to expect with your loan at various payment amounts.

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Installment Loans

What are installment loans?

These are loans that are settled over a specified period with a predetermined number of payments of equal amounts known as installments.

Are there different installment loans?

Yes, some will only be paid over a couple of months while others can last for even thirty years. For example, a mortgaged is a good example of an installment loan that is repaid over a long time.

What type of installment loans can you offer me?

We are in no way a direct loan provider but as a great lender matching service, we always work with lenders who embrace fairness. The lenders will offer you the funds necessary to take care of the bills, credit card payments as well as rent. As such, installment loans are designed to have a flexible term when compared to payday loans.

What are the workings of an installment loan?

You will be required to pay a predetermined fixed amount over a specified timeframe the interest rates associated with the loan will increase at a fixed rate. After your application is approved, the repayment schedule will be determined. The principal amount, as well as the interests, will be paid within the agreed time.

Where will I get a good installment loan?

To get a loan, submit an application on our website.

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Payday Loans

What is a payday loan?

This is a short-term personal loan that helps you get cash quickly and the repayments are synchronized with your paycheck schedule.

How does a payday loan work?

There are many procedures for getting the loan but the underlying principle is similar.

• Fill and submit the application form
• Wait for the lending decision
• Read and append your signature on the loan documents
• Get the money
• Repay the principal amount, interest and any associated fees

When am I expected to pay my payday loan?

Basically, it should be paid back when your next paycheck arrives.

Are there any fees associated with payday loans?

Yes, but the fees are largely dependent on the lender you are working with. Therefore, some lenders may have higher APRs than their counterparts which implies the importance of reading all the details of the loan offered before making a decision.

How will I repay the payday loan?

The entire amount will be automatically debited from your account on your next payday.

How long is the borrowing process?

Submitting the online application takes just a few minutes. Upon successful submission, a suitable lender will get in touch to give you the lending decision. If the application has been approved, you should expect to receive the money within one to two business days.