What is a loan?

A loan is a sum of money that you borrow and repay with interest within the definite time.

What is a loan application?

A loan application is a form submitted by a borrower when applying for a loan.

What are the common types of loans?

The common types of loans are:

  • Personal loans;
  • Auto loans;
  • Mortgage loans;
  • Home equity loans;
  • Student loans;
  • Credit-builder loans;
  • Loans from friends/family;
  • Payday loans.

Which loan has the highest interest rate?

Usually, payday loans have the highest interest rate.

What is a payday loan?

A payday loan is a short-term loan (usually not exceeding 2-4 weeks) that has a high interest rate. The amount and term are based on a borrower’s income and credit history.

What is the easiest loan to get?

A secured loan (a loan backed by collateral) is considered the easiest loan to get.

What are the loan requirements?

To be approved, you typically must:

  1. Live in one of the states where the requested loan type is legal;
  2. Be at least 18 years old (19 in some states);
  3. Have a proof of regular income;
  4. Have an active bank account;
  5. Have a valid email and phone number.

When will I receive the money?

The time when you get the requested money varies by lender. Typically, you receive your funds the same day or next day.

Can I pay off a loan early?

Yes. In most cases, lenders allow this and do not charge any fees.

Will my credit history be affected if I apply for a loan?

No. Your credit score won’t be affected.

Can I get a loan if you have a bad credit history?

Yes. In most cases, you can be approved for a loan even if you have a bad credit history.

Can I get approved if I have no credit?

Yes. Some lenders from our network do not require you to have credit history.

How can I get a loan online in Illinois?

To get a payday loan online in Illinois, you must go to the lender’s website (or the referral service website) and fill in an online application. You will need to provide your name, address, birth date, phone number, income information, etc. Submit your application and wait for the approval.

What is a line of credit?

A line of credit is a loan which is very similar to a credit card: you get a specific amount of money that you can use for any purpose.

What is a student loan?

A student loan is a loan designed to help students cover expenses related to education.

What is a personal loan?

A personal loan is a money that you borrow for any purpose, such as debt consolidation, an unexpected medical bill, a new appliance, a vacation, etc.

What is an auto loan?

An auto loan is a loan that you t to take a motor vehicle.

What is a mortgage?

A mortgage is a loan that you take to buy a home.

What is a home equity loan?

A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral.

What is a credit-builder loan?

A credit-builder loan is a loan designed to help you improve your credit score.

Can I extend a loan?

Yes. You can apply for a loan extension if you are having difficulty repaying a loan. Not all lenders offer a loan extension option. Always read your loan agreement carefully

How do I repay a loan?

All loans must be repaid on a due date specified in the loan agreement. Typically, installment loans are repaid via regular payments (usually every month). Payday loans are typically repaid in a lump sum. You can typically pay off your loan early (before the due date), however, in some cases, you will need to pay an early repayment fee.

Are you a direct lender?

No. Our company is not a direct lender. We are a referral service that cooperates with the most reliable lenders in the U.S. We are not promoting any lender. Our goal is to help you find the best loan offer.

What loan amount can I be approved for?

The lenders from our network offer loan amounts ranging from:

  • $200 – $500;
  • $500 – $1,000;
  • $1,100 – $2,500;
  • $2,500 – $5,000.

Are payday loans legal all across the U.S.?

No. Payday loans are legal in the following states: Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

What states prohibit payday loans?

You cannot get payday loans in Arizona, Arkansas, Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont, West Virginia, and the District of Columbia.

How to apply for a loan online?

For this, you only need to fill out a short application form on our website and wait for the approval. For more details, visit the “How to Apply” page.