Frequently Asked Questions

What are unsecured personal loans?

An unsecured personal loan is a short-term loan that offers you quick financial relief in case on emergence. It can be a payday loan, which you have to pay in full on the next payday or an installment loan that is spread over several months. These loans are unsecured because you do not need any collateral to get funds.

What do I require to quality for an unsecured loan?

You may access an unsecured loan if you meet the following requirements:

  • At least 18 years and above
  • A US citizen and a permanent resident in your state
  • A verifiable source of income
  • Valid contact details and address
  • Active bank account

Can I access unsecured loan with poor credit?

Most of lenders from our network will run a quick credit check, but If your credit score is low or you have no credit at all, don't worry. This does not automatically disqualify you from being approved for a loan, you may still get approved!

How can I submit my request for a personal loan?

You can access an unsecured personal loan in three easy steps:

  1. Fill the online form on our website. Ensure that you fill all the categories with accurate information.
  2. We process your information immediately and connect you to a lender from our network. They send loan terms and conditions to you. These include the repayment, fees and rates, renewals and other policies that apply to unsecured loans. You send the loan contract with e-Signature back to a lender after reviewing and agreeing to terms and conditions.
  3. After the agreement is signed most lenders will transfer funds to your bank account in as soon as one business day.

How long does it take to get the loan?

The process of submitting your request is simple and quick - you just need to fill the simple online form. You can get the funds in as soon as one business day if you provide all the information required and qualify for the loan amount in your request.

What is the cost of an unsecured loan?

The rates and fees of unsecured loans depend on your state, lender, repayment period, and amount. Short-term loans attract higher APRs, fees and rates than long-term loans. Your lender will provide all information as required by law about the rates and fees that will apply to your requested amount. You can either accept or reject the offer after reviewing the cost of the loan.

Will I need to send any documents?

Usually personal loans do not require any supporting documents. However, sometimes you will be required to send a few documents if asked by your lender.

How much can I borrow?

You can borrow any amount between $100 and $5000. However, remember to borrow only the amount that you can repay with your current monthly income.

How do I repay my loan?

You will be presented to a repayment plan by your lender. One of the safety ways to repay is to have the amount due deducted from your bank account on the due date. This option ensures that you do not miss any installment or pay your installment late.

What are the implications of late payment and nonpayment?

The policy on late payment, partial payment and nonpayment varies across states and lenders. Some states do not have laws governing personal loans. Failure to pay your loan in time attracts penalties and additional charges on top of your outstanding amount. Check your loan contract for terms and conditions on nonpayment before signing it. Your legal adviser can give you more information about the laws on personal loans in your state.

Is my private information safe?

We store and transmit all personal information using advanced encryption technology. We have a strict privacy policy that enables us to keep our client’s information confidential.

Can I get a new personal loan if I have an outstanding loan?

It is possible to have more than one outstanding personal loan. However, accessing the second loan depends on your state's laws. Some states do not allow a second loan before you clear the outstanding loan.

Can I get an extension on my repayment period?

Extension rules and policies vary across states. Some states allow more than one extension for personal loans while some do not allow any extension. Always consult your lender about an extension before your payment is due. Your lender will give an alternative if an extension cannot be granted.