FAQ About 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 pick up your cash the same banking day.
Does the approval process take long?
Our customers usually receive approval within 30 minutes. 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 age
Have a goverment issued ID
Have a source of income
Provide proof of residence
How much can I borrow?
Our installment loans range from $100 - $3000, depending on the amount you make.
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?
There are zero fees assosiated with our installment loans, you pay only for the time you have the loan out.
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 a checking account?
We do not require you to have a active checking account to be approved for a loan. Your signature is your collateral.
What about collateral to qualify for an installment loan?
Our loans do not require any form of collateral.
Is my information secure and kept confidential?
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 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 only pay for the time you had the loan out.
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.