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$100 to $25,000*

Apply now for a fast, convenient, and reliable cash assistance fund online. Get the funds you need in as fast as 15 minutes. No credit check, no hassle.

    • Apply for $50-$1,000
    • Fast Payout
    • No Fees
    • Secure Application
    • Available 24/7
    • Bad Credit
  • Apply For $50 – $1,000
  • Fast Payout
  • No Fees
  • Secure Application
  • Available 24/7
  • Bad Credit

Loans are financial instruments that allow borrowers to get access to extra cash. How a loan should be exhausted is often found in its name. For instances, mortgages are for buying a house, car loans are meant for buying a new ride, students loans are for education, and then there are personal loans of which use you are given free rein.

How Can Loans Help You Financially?

Most of the loans that people access these days can be identified as secured or unsecured. It is secured when there is an asset involved that is used to secure the loan. Secured loans are often meant to help borrowers with bad credit get approved, get access to higher loanable amounts, or get better loan deals interest-wise since lenders will find borrowers less risky when there is a loan involved.

Unsecured loans, on the other hand, do not involve collateral. While the loanable amounts involved may be smaller compared to secured credit, the borrower is not in any risk of losing an asset should he fail to pay the money back.

Most loans work in a way where a borrower is then expected to pay back the loan amount plus the interest rates monthly for a specific term of period. Interest rate is determined by a lot of factors, but mainly b your credit score as well as the amount you are borrowing. Managing the loan properly is essential too. Take the time to get your repayments done on their due date to ensure that your chances of getting approved again for a loan in the future will not be affected.

When you borrow money, expect that there are always extra costs attached to it. Not only are you subjected to interest rates, there are fees and other charges that lenders enforce too. There are even loans that could hit you with extra fees if you decide to pay it off early. This is why if you are considering the possibility of paying your debt early, know what exactly is going to happen first.

Things to consider about cash loans

When repaying your loan, there might come a point where you are earning more than enough to get it paid off before its actual term. However, before you start getting those extra payments made, take the time to look into your loan agreement first. Most of the time, it will include provisions about repayment conditions which lenders will enforce if you get a loan paid off before its term.

You'd think that lenders would be happy when borrowers decide to pay them off earlier than what was agreed. However, they make a lot of money off of interest. This is why, they will not be too keen on you paying off the loan early because they would be losing money on interest that you were supposed to pay them if you stick to the term. This is why some might enforce penalties.

Prepayment penalties

The amount that lenders are likely to penalise you with if you pay off a loan before its intended term can vary from one lender to the next. Oftentimes, it would be based on whatever the remaining loan balance is. Sometimes, it would be based on the worth of the interests. Since there is no set amount on prepayment, so knowing the difference cost-wise is essential.

Temporary credit score dip

When you pay off a loan early, you are closing an account. This can cause your credit score to take a hit which might hurt your chances of better credit deals in the future. This is why it might work to your advantage to just leave the loan as is and pay it off until it reaches its full term as active and open accounts can have a positive effect on your credit rating.

Alternatives to early payment

If you can, negotiate with your lender the loan terms and ask them to get the penalties for early payment removed. If they will not budge though, you can try refinancing the loan with your current lender. You may also refer to other lenders and float the idea of refinancing with them. You can also just proceed with the prepayment provided that the penalty will be worth less than what you would end up spending if you were to continue with the loan term. 

Frequently Asked Questions

Is There Any Complicated Requirements?

No. All you need to provide is your personal information and proof or income or employment verification. Also, you need to include a checking account information where you wish to receive the funds. Since there’s no need for collaterals, you don’t have to provide anything else aside from what was requested on the online form.

How Fast Can I Receive The Funds?

You can receive your money in as fast as 15 minutes. The application process is easy and fast. You will be notified once you are already approved for a loan. After that, the money will be deposited immediately to the checking account that you have provided.

What If I Miss My Payments?

These things could happen. Some lenders can be lenient for the first and second months. However, you should be aware that missing or delaying your payment could affect your credit badly. On top of that, lenders will also incur additional fees or charges for late fees.

What If I Lie In My Application?
It is not recommended for you to lie on your application. Once a lie is caught, you may face serious consequences. The lender has the full right to void your application or charge you additional fees. You could also face jail time if you are caught falsifying documents.

What Is AGuarantor Loan?

Guarantor loans require a guarantor to co-sign for the loan agreement. If the borrower fails to make payment or defaults on the loan, the guarantor takes over and inherits the responsibilities on the loan. It is recommended that the guarantor and the borrower are closely related.

What Is A Payday Loan?

Payday loans are small cash assistance funds that you can acquire easily. Repayment terms are flexible. You can have it tied on your next paycheck or pay it in advance. It is often referred to as cash advance, short-term loans, and cash loans.

What Is ALogBook Loan?

Logbook loans require the borrower to pledge an asset as collateral. In this case, a vehicle. The borrower hands over their ownership of the vehicle to the lender until the loan is fully paid. If the borrower defaults, the lender may seize or sell the asset to pay for the loan.

Am IEligible?

Even if you have poor or no credit at all, you are eligible to apply for an unsecured loan. Our lenders don’t require minimum credit to be eligible. As long as you can pay the loan on time to prevent extra fees and charges.

Payment Method

It is easy to get paid. All you need to do is to provide a checking information during your application. Once you get approved for a loan, you will receive a notification and the money will be sent directly to your checking account. It’s fast, reliable, and incredibly easy-to-use.