Before you make a loan request, it is important that you go through our frequently asked questions to get a glimpse of whom we are and answers to common problems that users face.
What is a payday loan?
A payday loan is an unsecured short-term loan that is meant to help the borrower get through a tough financial crisis. Typical amounts ranges from one lender to another as well as the state, normally the account varies from $100 to $1000. Payday loans are referred to payday because the loan is due on the next payday or when the borrower’s paycheck is due.
How do I get the loan?
We will connect you to a reputable lender who will fund your loan and as soon as your lender approves your loan request, it will be deposited on your checking account. Requesting a loan via our website is easier because we give priority to our clients.
Do I have to pay to request for the loan?
No. you do not have to pay anything to request for the loan, all you have to do is to fill a user-friendly form what will be used by your lender to evaluate your qualification for a loan.
What are the eligibility requirements?
You can receive payday loan once you have met all the requirements that your lender has requested. The basic requirements include a valid national identity card, a recurrent income, and an active checking account.
What do I do if my loan request is denied?
Your lender will evaluate your documentation to ascertain if you qualify for the loan. In situation where you do not meet the criteria for a loan, you should reapply to your lender once you have fulfilled the requirements. In some cases, more information may be required to prove that you can repay the loan or you have a recurrent income.
What happens if I have bad credit?
Your credit score does not affect your ability to obtain a loan unlike other conventional lenders where you have to provide collateral and documentation that you can repay the loan on time. You should avail all your documents to make it easy for your lender to assess your ability to get a loan. You can take a small loan that you are able to pay within the stipulated period.
What is the maximum amount I can request?
The maximum amount of loan that you can request varies from one state to another and from lender to another. Depending on the cap limit in your state, you can borrow between $100 to $1000 or less. It is important to consider that you will repay the loan with some interest therefore apply for a loan that you will be able to repay.
How soon can I receive the money?
You will receive the money on your checking account as soon as your lender approves your loan request. We will do our best to forward your information after you make the loan request to expedite the entire process. However, during holidays or weekends the funds may reflect on the next business day.
How much will the loan cost me?
This is dependent on the amount that you borrow and the interest rate that your lender uses in calculating the loan. Rates vary from one lender to another therefore, it is crucial to check the rates before confirming the loan. In addition, take time to read the terms and conditions properly to avoid any complication during the repayment process.
How many loans can I receive from Green day online loans?
You are allowed to submit one loan request at a time. This will allow lenders to evaluate your eligibility for the loan. If you fail to qualify for one or the rates do not appeal to you, you can subsequently apply for another. Remember to repay all the loans that you have borrowed to avoid further charges.
What can I use the loan funds for?
There are no defined ways in which you can spend the loan because you are the one to repay it in the end. You can use it to pay an emergency medical bill, fix a broken roof during cold or hot season or repair your car. It is recommended that you take the loans as a solution to emergencies and not a long-term financial solution. Moreover, sound financial judgment is recommended if you are to grow financially.
Can I choose not to repay my loan?
Once you have signed the contract it means that you have agreed to all the terms and conditions aforementioned in the loan and you agree that you will repay it within the stipulated time. You can seek further advice from your lender if you are finding difficulties during loan repayments. However, you cannot default the loan at any cost or choose not to repay it.
How do I know my information is safe?
We use state of the art software and program to protect the information of our clients. The security tools ensure that your information is kept safe, secure, and not accessible to any unauthorized party. Moreover, our website uses malware protection software to minimize the risk of data theft.
How does this process work?
The process of loan request is simple, all you have to do is fill our loan request form and submit all the relevant information. Once you have submitted the information we will forward it to our network of lenders immediately who will then evaluate the validity of the information given. If the information that you have given tallies with what they require then you will be given the loan amount that you qualify.
Is it safe to make online loan request?
Yes. We have systems in place that ensures that our client’s information does not get into the wrong hands. We strive everyday to improve our security systems to enable us give excellent customer service.
How long will the loan request take?
The loan request process takes a short time because all you have to do is fill our user-friendly loan request form and submit it to us. From there, your lender will process the information and give you a verdict if you qualify for a loan.