This loan connection service saves users time by directing them to an appropriate short-term lender as soon as they complete a quick online form.
There are many unanticipated expenditures in life which can be met with short-term loans. Looking for a loan becomes easy when you consider the service provided by MoneyMutual. When you submit an application form to their website, MoneyMutual finds out which of its affiliated lenders can provide the loan. The lender sets the terms and conditions for the loan and gives instant approval for it. There is no credit history needed for this approval, and borrowers with bad credit history are also welcome for these short-term loans.
You can complete the multiple-choice form provided by MoneyMutual in twenty to thirty minutes.
You have to go through the following steps to complete the application:
As you get redirected by MoneyMutual to a lender’s site, here, you may be asked to verify some of the information that you have already submitted. If all goes well, the lender will make a quick pay-out to your account in the next 24 hours.
It differs from lender to lender, but short-term loans offered by lenders are usually 2500 dollars maximum. You will always find lenders if you have responsibly repaid on time in the past.
First-time borrowers are offered only a 1000 dollar loan or less by the lender instead of the maximum at the outset. This loan amount is paid back on the next payday or in instalments as planned during the start of the loan process.
Repayment periods differ from lender to lender. The repayment terms laid down by the lender tells you the amount you have borrowed, the time for which you have borrowed the money and the time within which you have to pay it back. Some lenders provide a list of fees for various loan amounts while others charge no fees at all. The amount you have borrowed will usually be transferred to your bank account within a day or two once you put your digital signature on the contract after accepting the terms.
Even if you have a bad credit rating, many lenders will provide you with short-term loans. The basic criteria to be eligible are:
Fees charged differ from lender to lender. When you submit the loan application, the lender will send you all information including the rates of interest, repayment dates, fees charged and other details which constitute the terms and conditions for the loan. These details will be different for different lenders. It is your prerogative whether to accept the terms or reject them. You can always apply afresh to get a different lender.
It depends on the lender and can vary. Many lenders do not charge any penalty if you repay the money earlier than the scheduled repayment period.
MoneyMutual does not loan you the money directly, and hence there are no hidden fees on your application. MoneyMutual does not guarantee that the terms for the loan offered by the lender are to your satisfaction even though it helps you to get connected to a lender. Short-term loans may be illegal and unavailable in the state you live in, so it is for you to do all related due diligence. Before applying, check the list of applicable states on the MoneyMutual website.
If you have an urgent need to borrow money then using the online application process on MoneyMutual for a short-term loan will help you save time looking for a suitable lender, comparing their terms and conditions offered and finally going for the one most suitable to your needs.