Apply to Borrow form
$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

There might come a point when you will need some financial help. Even with your best efforts to stay financially afloat, you might find yourself in a position where you’re a little short on cash. It is a good thing that there are places that can help you augment such monetary shortage through a loan.

Why People Apply for Loans

Below are some of the reasons why people might need to take out some money from lenders from time to time.

Purchase a vehicle

Probably one of the most popular loans out there are car loans. Over the years, an individuals’ automobile requirement might change which could lead to him needing a new one at some point. Whether it is used or a new vehicle you are getting. Having the necessary cash lying around to afford the purchase is just not possible. Taking out a loan to cover the costs of the purchase would be an excellent idea. 

Pay for some medical expenses

There are instances when you or a family member might fall ill and you may be faced with a huge hospital bill. If you have not saved enough to cover for such an expense or if you do not have insurance coverage, taking out a loan can be a huge relief to such a financial dilemma. 

Consolidate debts

Sometimes, you may find yourself in a situation where you have taken out too much debt that managing them is fast becoming impossible. If you are having a hard time keeping up with the payments, taking out a loan to pay off everything so you’ll only have to pay a single debt every month would be ideal. Managing your finances is going to be easier through this. 

Home renovations

A loan can be a good solution for your home renovation needs too. You’ll need funds to get a project like this to take off. If you do not have cash stashed away to cover the expenses of the project, a loan would be a great way to bridge that cash gap.

You might have recently taken out a personal loan. However, you’ve realised that you actually need more funds to cover another expense. You are, of course, wondering if there is a way for you to get financing for the second time. The second loan can be a huge help especially since you have grossly underestimated the financial needs. But can you?

Can You Acquire More Than One Loans

Most lenders will allow you to apply for a second loan as long as you have already paid off part of the balance of your initial loan with them. If you have established a good history concerning your repayments, then they will likely approve the application too.

However, this might not be a good thing. For the second loan, you cannot expect to get the same terms extended to you for your first loan. Loan terms and interest rates will depend on your credit score as well as the ration between your income and your credit. Since you have just recently took out a loan, expect that your debt to income ratio is going to be high and the lender will view that as a risk. Borrowers with high existing debts are generally considered high risk by lenders as this reduces their ability to get their repayments done on time.

Problems Caused By Taking More Than One Personal Loans at a Time

Aside from causing your credit rating to dip, applying for another loan when you are still paying off an initial one may make you look as if you’re in a hurry to borrow money which you obviously do not have. The lender will probably think that they might not be able to get the money back from you. If they do decide to lend you more, expect that the terms are nowhere as good as the initial loan you got. Naturally, the lenders will want to find ways on how to mitigate the risks involved.

Things to consider before getting a new loan

If you do decide to get another loan while you’re still paying for an existing one, expect that you will likely have problems getting credit in the future. When done in moderation, taking a credit can be good for your credit. But if you are getting too many inquiries on your credit report due to too many loan applications, lenders will not look at you too kindly. The new loan is going to cost you a lot more, so expect that the interest rates will be more expensive.

You’ll owe more every month as well. Multiple loans would mean more repayments to do every month. Keeping track of your due dates would be harder. Besides, it might not even be the kind of financial help you need. Always relying on loans every time you are in a financial bind will only cause you to get stuck in a debt cycle. 

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.