The following questions and answers represent those that we are most commonly asked in regard to short term lending and our website in general. If the answer to your question is not listed here, please visit our Contact Us page to send us your inquiry and we will respond as quickly as possible. If your question pertains to a particular loan or offer for credit, you should inquire directly with your lender.
What is the difference between personal loans and payday loans ?
Payday loans are short-term loans that have high interest rates and are supposed to be paid off in a lump sum on your next payday. Personal loans are long-term and have lower interest rates. They are also known as installment loans that are supposed to be repaid at a fixed rate over a certain period of time in monthly payments.
How Much Can I borrow ?
The loan limits vary by lender. In most cases the major factor that determines the amount of money you can qualify for is your income.
When are the requirements to apply for a Personal or Installment Loan ?
First, you must be at least 18 years old and a U.S. citizen. Second, you must have a reliable source of income to be able to repay a loan. Third, you must have an active bank account.
What Should I do to Request a Loan ?
All you have to do is to fill out our online form with the basic information and submit your request. The rest legwork is our concern.
How Long does it take to get a Decision ?
Typically, the decision is instant. After you submit a request, it takes up to a few minutes to connect you with a lender.
What can I use my Personal Loan for ?
You are free to decide yourself what you need the money for. Among the most common uses are medical expenses, house renovations, car repairs, or big-ticket purchases.
Can I Apply with Bad Credit ?
Yes! We believe everyone has a chance to get funded when you need it. Your credit profile isn’t the issue, so feel free to submit a request.
How Long does it take to get Approved ?
Depending on the lender. As soon as you are approved you will get a notification.
How will I get my cash ?
Money will instantly be deposited in your bank account as in as little as the next business day.
Do I have to pay any fees for using your service ?
No. 'Payday loans Fast n Easy' is is a Free to use online service. You are not in any obligation to accept the offer that you receive from us unless and until you are satisfied with the terms and conditions of the lenders.
What If I fail to Repay ?
Missing the payment may cause a lot of unpleasant things starting with high fees and ending with your credit score downgrading. However, always get in touch with your lender as soon as possible and notify them in advance about your problem to discuss the possible ways to address your issue.
If time is the factor and you aren’t able to pay off your loan in time, you can resort to a loan renewal. It means you pay a fee for the right to delay paying back the loan in full on its due date. The fee doesn’t reduce the amount you owe. Note that not all lenders allow their clients to renew a loan.