What is The Process?
Simply complete the brief online form. After submission, it can take up to 3 minutes to receive a decision. If your application is approved, you'll be directed to the lender's website, where you'll be provided with details like the interest rate and payment terms. At this stage, you're under no obligation to accept the funding offer, despite being approved. If you don’t like the terms, you can try applying again.
How Soon Can I Receive Funds?
Once approved and processed, funds can be deposited into your account swiftly, usually as soon as the next business day, depending on the lender. Some lenders offer same day funding.
Am I Eligible?
To qualify, your monthly income should exceed $1,000, and you need to have a job or a reliable income source from retirement, benefits, etc. While some lenders prefer employment, you must be at least 18 years old and a U.S. citizen. Military members may encounter fewer lender options due to compliance with the Military Lending Act, potentially reducing approval chances. Each lender may have specific requirements beyond these minimums.
Will Applying Impact My Credit Score?
Short-term lenders may use a credit reporting agency, not limited to Equifax, Experian, or Transunion to evaluate your credit worthiness. Borrowers typically need not worry about FICO credit score impact, but it's at the discretion of the lender(s). Lenders may also consider their internal scoring criteria - focusing on income, repayment ability, and the borrower's payment history with other lenders. GetLends.com will never pull your credit.
Are there any fees?
GetLends.com does not charge an application fee. It’s a free service.
