A personal loan is a short to medium term loan that can be useful for financial emergencies. The amount of money loaned is based on the amount of money a person makes. It is perfect for people who have limited access to credit. Many people who request personal loans would not normally be able to obtain loans from a traditional bank.
There are certain requirements one has to fulfill in order to submit a request for a personal loan. Borrower must:
Getting a personal loan is generally simple and straightforward. Most people get funds deposited directly into their account upon approval. Sometimes lenders may ask for additional information but generally the entire process is online.
Even people with less than perfect credit history can be eligible for a personal loan. Many people who would not get the chance from a traditional bank, can get a loan as quickly as the next business day.
Part of the advantage of these loans is that most of the participating lenders require no papers to be printed or faxed in order to request a loan. However, it is important that you have a printer to print out the loan documents for your own records unless you are able to save them as digital files.
Please remember that we are not a lender and we do not provide lending services directly to consumers. Submitting your registration through us incurs absolutely no cost. We are paid by the Participating Lenders or network of Participating Lenders to whom we referred you for each potential customer referral. Even if you turn down the loan or exit the process at any time, our service remains FREE of charge to you. Please check the loan agreement presented to you by the lender you are matched with and be sure to speak with the lender’s customer service to get all of your questions answered BEFORE signing the loan agreement. Once you have signed the loan agreement you have entered a binding contract and will be responsible for paying back the loan at the agreed APR.
The loan amount and loan fees are withdrawn from your checking account automatically on the due date(s) of your loan by The Lender. Some lenders allow for extensions but many do not so be sure to read and be clear on all terms of the loan before signing the contract.
Each Participating Lenders has their own policies pertaining to late payments. The Participating Lender's policy, including the additional charges you will incur, is detailed in the loan documents provided to you by your Participating Lender before you are requested to sign the loan agreement. Once you have signed the Participating Lenders loan documents, you will be expected to understand and abide by the loan terms including the additional charges and/or interest if your repayment is late. If you are not able to make the payments timely, please contact your Participating Lending as soon as you are aware the loan will be late and work with them,but remember additional fees and interest may apply.
Additional fees, and charges by The Lender may apply to you in the event that you do not repay your loan. Please remember that refusal or failure to pay may result in legal action against you by The Lender in an attempt to collect the loan amount, interest and costs of collections. It. Failure to repay a loan will have a negative impact on your credit score and likely make it more difficult for you to access credit in the future.
Loan renewal policies are largely governed by State statute. In states where rollovers or extensions are allowed, interest rates, and late fees may be added to the original loan amount and that can result in a substantial increase to the amount you will be required to payback. Again, be sure to read the Participating Lenders loan terms in carefully and thoroughly before signing the initial loan contract.
thecashkitchen.com is only partnered with professional lenders who provide potential borrowers with sufficiently detailed information concerning loan terms and conditions prior to their accepting any personal loan offer. We recommend that you closely view the terms of any loan offer you get. To get more details on these considerations you can view the Lending Policy and Rates & Fees sections of our website
Interest rates and fees vary by lender. Please read and understand all terms of the loan before you sign. If you have any questions, be sure to contact the lender before signing and know that you are under no obligation to agree to the loan terms or sign.
By accepting the terms of a loan offer, you are agreeing to make on-time payments as laid out in the loan agreement until the loan and interest is fully paid. If you are struggling to make the payments on time, please contact the lender so they can help you work out a payment plan and/or explain to you the penalty fees associated with late payments. These will vary by lender and should be explained in the loan terms. Lenders in our network follow Fair Debt Collection Practices but please be aware that late and non-payments may not only cost you more money but could have an impact on your credit score.
Renewal policies vary by lender, if you wish to renew your loan it is suggested that you contact your lender in advance.