FAQs
What Is The Difference Between Personal Loans And Payday Loans?
Payday loans are small, short-term credit solutions with higher interest rates and should be paid off in a lump sum on your next payday. Personal loans are long-term and have lower interest rates. They are known as installment loans, as they are supposed to be repaid at a fixed rate over a certain amount of time in monthly payments.
What Do I Need To Be Able To Request A Personal Loan?
You should have a government-issued ID, be at least 18 years old and be a legal U.S. resident. You’ll also need to provide proof of income and employment and have an active bank account.
What Should I Do To Request A Loan?
Fill out our online form with the basic information, submit and wait for a decision.
How Long Does It Take To Get A Decision?
Typically, the decision is instant. It takes up to a few minutes to connect you with a lender after you submit.
What Interest Rate Will I Have?
Interest rates vary by lender and depend on the following factors: credit history, credit score, your debt-to-income ratio, income, the amount you borrow, and the term of your loan.
How Can I Use A Personal Loan?
Personal loans are multipurpose. They allow you to pay for any unforeseen expenses, significant purchases, and various special occasions.
How Do I Get My Money?
Right after you’re approved, your money will be deposited directly into your bank account in as little as the next business day.
When Will I Get My Money?
If you have completed all the paperwork correctly and are approved by the lender, you’ll have your funds deposited to your bank account the next business day.