FAQ About Online Installment Loans
What is an Installment Loan?
People choose short-term unsecured installment loans to cover small, urgent expenses while avoiding late payment penalties and bounced-check fees. On our website you can apply for an installment loan online and have your money directly deposited into your checking account the same banking day.
Does the approval process take long?
Our customers usually receive approval within a few hours. Since the cash is directly deposited into your checking account, you can have access to received funds the same day.
What I need to be approved for an installment loan?
You need to meet the following minimum requirements:
- Be a U.S. resident
- Be at least 18 years of page
- Have a checking account
- Have a job
- Make at least $1,000 monthly
How much can I borrow?
Our installment loans range from $100 - $1500, depending on the laws of your state.
Is there a fee for filling out our application form?
We never charge our customers for applying for an installment loan.
What are the fees?
We offer some of the most competitive fees in the industry. The fees vary depending on your state and loan amount. Typically our fees range from $15 to $25 per $100 borrowed.
How is the installment loan amount determined?
We qualify you for an installment loan amount based on your personal needs, your monthly income and other questions that you answer on our application form.
Do I need direct deposit?
Your loan application can be approved if your paycheck is direct deposited. It is the most secure way to provide installment loans as quickly as we do.
What about collateral to qualify for an installment loan?
Your paycheck and your job are your collateral.
Do I need to fax you any documents?
There is no faxing required in order to qualify for installment loans.
Is my information secure and kept confidential?
Every installment loan is absolutely confidential and protected under our Privacy Policy.
What hours is your online service available?
We accept installment loan applications 24 hours a day, every day of the year.
What if I have bad credit?
Bad credit is not a problem. Unlike other lending institutions, we do not perform credit checks and don’t require that you have good credit.
How do I determine my due date?
All installment loans are due on your next pay date, unless your next pay date is less than seven days away. In this case, your installment loan will be due on the following pay date.
Can I pay off my installment loan earlier than the due date?
Yes, you can pay off your installment loan earlier that your due date. You will not have to pay a prepayment penalty, and you will be able to get a refund of part of the finance charge.
What If I can't pay the installment loan back?
We have a variety of repayments options available. You can renew your installment loan for another period.
