First, it is important to understand our role. Though we are on your side, we are not a lender. Instead, we act as a lending network. We facilitate relationships between lenders and borrowers. This means that we will work our hardest to make sure that you get a good loan from an even better lender. Note that your agreement will be between you and the lender. All of the terms of your loan will be determined by the lender you choose. We have no power over the loan amount, your APR, your repayment schedule or any other loan term.
We know that you need your money right away. If you are coming to us for installment loans, it probably means that you have some short-term emergency that needs to be handled. This is why we try to make the process as simple as possible. We have put together a process that makes life as easy as possible on people like you. We want you to get through the application in a hurry so that you can get your money in a hurry, too.
We first ask you to fill out an application. How long will it take? For most people, the process takes no longer than a few minutes. We will also protect the information that you hand over. We are sensitive to your need for information protection. When you submit this info, we use encryption technology to keep your data safe. Right after you give us the information, we will try to match you with the best lender possible. If we cannot match you with a lender, we will let you know right away. We take the process very seriously.
The offer process is often quite exciting with installment loans. When you are approved, you will receive a loan offer that you can either accept or turn down. The choice is truly up to you and no one else. You will receive a relatively detailed document that will explain all of the terms of your loan. You will get rate disclosure. You will learn about the fees. You will learn how the company plans to handle any late payment or extension request. If you like what you see, then you can accept the offer. If you do not approve of the terms, you can decline the offer. It really is quite easy.
After you complete that process, it is time to get the money to you. The lenders will ask for your bank account number. They will then put the money right into your account. This can happen very quickly in many instances. You might see the money in an hour if you are lucky. For some people, it might take a day for the money to hit your account.
Loan repayment is quite easy when you get installment loans. The same bank account that you used to receive the money will send the money back to the lender. The lender will ensure that you pay the money on time. If you need to request an extension, you can do that by getting in touch with the individual lending company.