FAQ: frequently asked questions

How to apply for a loan online?

You can request a quick loan from the company's website easily and quickly. You just have to click on one of the lenders in our ranking. You will be redirected to the company's website, where you must choose the amount of money you need and the return period that suits you best. After completing a form with your data, you will have to wait for the approval of your request.

What are the advantages of online loans?

Online loans are an excellent option because:
- They are requested online quickly and from home.
- You avoid wasting time with cumbersome procedures and paperwork.
- You receive amounts adapted to your needs.
- The requirements are minimal.
- They are flexible because you choose the amount and time to return the money.
- Many are compatible with Credit Checker.

How long will it take to get the money?

Once you submit your loan application online, you must wait for your personal and bank information to be validated. If your request is approved, in most cases the money will arrive in just 15 minutes to your bank account. If you sent the request during the weekend, you must wait the next business day for the deposit to be effective. This occurs in the event that your bank is different from your lender.

How quickly will my application be approved?

This will depend on the amount you need and the company you chose to make your request. Generally, mini-credits are approved in less than an hour, but financings with higher amounts do not exceed 24 hours.

What requirements must I meet to request a personal loan?

The requirements to apply for a personal loan are very simple. The best thing is that there is no paperwork or complicated procedures, the process is 100% online. The most common requirements are:
Be between 18 and 70 years old.
Live in United States.
Valid DNI or NIE.
Bank account in United States in your name.
Email and active mobile phone.
Monthly income to respond to the payment of fees.

How do the loan ratings work?

In our ranking we will show you the best offers of non-bank loans and private companies, with key data such as:
Credit limit
Interest and commissions
Return Term
Requirements
User reviews

Is the first loan always free?

Normally, if it is a small loan with a repayment term of 30 to 90 days, you can get your first loan without interest . This means that you will not pay any interest or commissions. Check carefully if the company you are applying for the loan from has these types of offers available!

What is the APR?

The Annual Equivalent Rate (APR) is one that includes all applicable interest and commissions in the final price of the loan. This indicator is super important and allows you to have a clearer idea of ​​how convenient a loan is. The higher the percentage of the APR, the more expensive the financing will be.

Can I get a loan without payroll?

Yes, in fact, you would be surprised to know that there are many companies willing to finance you without requesting payroll . However, you must show that you receive monthly income to repay the loan, either through:
Freelance work
Pension
Lease collection
Scholarships
Unemployment benefits

Can I request a quick loan if I am in Credit Checker?

Of course, many lenders offer Credit Checker loans . This type of financing is aimed at those who are registered on the list of defaulters of the National Association of Credit Financial Institutions (Credit Checker). You should probably meet certain conditions such as that your debt does not exceed $ 2000 or that you have no commitments with other credit companies or banks.

Can I withdraw from the loan agreement?

Yes, it is possible that you have signed a loan agreement and that from one moment to another you have obtained another form of financing or the financial problem has been solved in another way. In this case, you have every right to withdraw from the loan and cancel the contract at no additional cost, within 14 business days after signing it.

What happens if I cannot pay the fee on time?

Being late in paying a fee can complicate your financial situation with the application of penalties, interest for late payment, commissions for claims, legal proceedings or even garnishments. If you think that you cannot pay a fee, it is best to contact your lender and reach a solution. In our lender reviews, you will find that many companies have free or paid extension offers.

In which cases are online credits recommended?

There are different types of online credits recommended for each situation. For example, it is convenient to request a microcredit if you find yourself in a momentary emergency situation, since they are used to cover some unexpected expense that was not contemplated in your budget for the month. In case you need to reunify a debt or acquire a medium or long-term financing, it is best to request a loan to be repaid in 90 days, a line of credit, or an installment loan.

How do I know if a lender is trustworthy?

We cannot deny that there is a risk of falling for disreputable companies that offer excessively cheap loans and end up being scammers who take advantage of users. For this reason, at Taichi Arts when preparing each review of a lender, we make sure that they are proven and legal offers, with real names and physical addresses. Thus we only present our users with a variety of safe offers to reduce the risk of any danger.

en