How It Works
Learn more about personal loans here. We'll explain what they are, how you qualify, and how our referral process works.
About Fast Personal Loans
The personal loans our lenders offer are similar to payday loans or paycheck advances. Because the loans are secured against your paycheck, the lenders are able to relax their qualification requirements to make the loans more accessible. These loans are ideal for people with less-than-perfect financial histories who need money quickly. If you need cash but can't wait until payday, a personal loan is a great short-term solution to help see you through. Payday loans enable people who might not qualify for credit cards or traditional loans to get the extra cash they need. Typically, once you apply and qualify for a payday loan, you will be contacted to complete the application process. After the application is complete, the funds are usually deposited into your checking or savings account overnight (varies by lender). Repayment is then automatically withdrawn from your account on the loan's due date.
Qualification Requirements
Almost anyone with a job and a bank account can qualify for fast personal loans (varies by lender). Remember that qualification standards will vary from lender to lender. However, here is what most of our lenders tend to require of their borrowers:
- At least 18 years old
- U.S. citizenship
- Have active savings or checking account
- Direct deposit feature on bank account
- Employed
- Earning at least $1,000 per month
The Referral Process
We can refer you to a lender in just a few simple steps. Here is how the process works:
- Complete our online form. You will first need to provide us with some basic contact information, such as your name, address, etc., on our online sign-up form. The form is free to fill out and comes with no obligation.
- We match you with a lender. We will then match you with a lender that can offer you the right loan for your needs. You will be referred to the lender's website.
- Apply for a loan on the lender's site. If you choose, you can then apply for a loan on the lender's website. Most lenders offer free, online applications (varies by lender).
