Online personal loans are unsecured small-dollar cash advances provided by the lenders operating on the Internet. The loan term is usually short. These loans are meant for urgent situations requiring extra money.

PersonalMoneyService.com is a reputable representative of the short-term lending industry. Applying for fast personal loans through our website you will get the money you need even if you have a bad credit score. Once your application is approved, the funds are electronically wired to your bank account the next day.

How to Apply?

If you faced some financial issues and decided to apply for loans on our site, fill in the online application. After you have provided all the required details, check whether all the information is accurate and submit the form. The lenders participating in the online network of our company review consumer requests in real-time meaning that the applications are usually approved on the same day. The notice related to the credit decision will be sent to you in a form of e-mail and the funds will be electronically transmitted to your bank account in a form of direct deposit.

How Much Money Can I Borrow? What Are the Interest Rates?

You can borrow up to $1,500. Although, the amount may depend on the terms of the lender dealing with your application and vary according to the state laws. The information related to the fees, interest rates, and other charges can be found on the page Rates & Fees.

What Are the Requirements?

The criteria for qualification performed by the direct lenders are very simple, therefore most applicants get approved with no troubles. You should just meet the following requirements:

  • legal citizenship
  • age of 18 years
  • steady employment
  • stable income (at least $1,000 a month)
  • active bank account.

Is There Any Application Fee?

No. PersonalMoneyService.com performs matching service that is absolutely free of charge. Thus you don’t need to pay for submitting the application on our site.

Can I Get Personal Loans with Bad Credit?

Most lenders cooperating with our company don’t run credit checks meaning that poor credit scores won’t become an obstacle for you to get the needed amount of cash.

Do I Need to Fax Personal Documents?

Typically faxing is not required, but some of the loan lenders can ask you to send some papers if there are some issues with verifying your personal data performed within the application.

Is It Safe to Apply Online?

The personal, financial and employment information provided by the applicants is encrypted through the certain Secure Socket Layer (SSL) protocol – the system used by lending institutions worldwide. Thus, don’t worry about the privacy of your details. They will be kept absolutely private.

What if I’m Late with Repaying a Loan?

If you consider that you won’t be able to repay the borrowed funds on time, you are better to contact your lender directly in order to negotiate about the new repayment plan. It may work to your benefit. If you are already late with your loan payment or can repay it only partially, you are more than likely to be charged extra fees.

The lenders abide by legislation referred to the short-term lending services. Thus, the rules and policies related to the late or partial payments may vary depending on the state the applicant lives in. It is advisable for every potential borrower to read the loan documents thoroughly to learn the terms. And keep in mind that your signature means that you agree to the terms performed by the personal loan lender.

What Happens in Case of Failure to Repay a Personal Loan

Failure to pay off the loans will, in any case, cause a legal action as well as a notice to the consumer credit reporting agency. By the way, lenders are dedicated to pursuing the collection of past due accounts with reasonable and fair conduct.

What Is a Renewal Policy?

Policies referred to as the personal loan renewal service are regulated by the state legislature. They vary depending on the lender dealing with your application. Rollovers – extensions of the repayment term – are not allowed in some states meaning that the late fees and interest rates that can be assessed are likely to add a sufficient amount to the final price of your loan. Just be careful and read the loan agreement attentively to be aware of the loan renewal policies.

How Much Will the Personal Loan Cost?

The final cost of your loan and the annual percentage rate (APR) depends on the certain lender dealing with your application. You will be sent the loan agreement that is fully disclosing the fees and terms associated with the service. Signing the contract constitutes your agreement to the terms.