Payday loans are small, short-term credit solutions with higher interest rates and should be paid off in a lump sum on your next payday. Personal loans are long-term and have lower interest rates. They are known as installment loans, as they are supposed to be repaid at a fixed rate over a certain amount of time in monthly payments.
You should have a government-issued ID, be at least 18 years old and be a legal U.S. resident. You’ll also need to provide proof of income and employment and have an active bank account.
Fill out our online form with the basic information, submit and wait for a decision.
Typically, the decision is instant. It takes up to a few minutes to connect you with a lender after you submit.
Interest rates vary by lender and depend on the following factors: credit history, credit score, your debt-to-income ratio, income, the amount you borrow, and the term of your loan.
Personal loans are multipurpose. They allow you to pay for any unforeseen expenses, significant purchases, and various special occasions.
Right after you’re approved, your money will be deposited directly into your bank account in as little as the next business day.
If you have completed all the paperwork correctly and are approved by the lender, you’ll have your funds deposited to your bank account the next business day.