Frequently Asked Questions

A personal loan is a type of installment loan that that a lender can give to cover almost any personal expense. Personal loans are available from a variety of financial institutions, including banks, credit unions, and online lenders.

Most personal loans are unsecured, meaning you don’t have to worry about providing collateral. If you’re approved for an unsecured loan, you’ll make monthly payments to pay it back in full, with interest. The loan terms and interest rate can vary based on the lender and your credit.

Because signature and unsecured loans are not guaranteed by collateral, they are higher risk for lenders. Because of this, they typically have higher interest rates than secured loans.

Personal loan qualifications vary from lender to lender and state to state, depending on lending regulations. The basic requirements needed to qualify are as follows:

• Must be at least 18 years of age
• Must have a checking account
• Must be employed with regular income and pay frequency

If you’re having doubts about whether or not you’ll qualify, simply complete our online request form, and get an answer instantly. Our secure request process is free to you and you can submit a request with no obligation.

RapidPaydays.com is not a lender and does not make credit decisions. RapidPaydays.com is a loan connecting service. We connect consumers who are looking for financial assistance with independent, third party lenders who may be able to provide a loan.

You begin by requesting a loan with our secure online form. Because the process occurs in real-time, if qualified, you will receive fast loan approval. If you are connected with a lender you will receive an offer from that lender with the terms and conditions of the loan. Please consult these before accepting the loan offer. In particular, check for information on the APR, fees, renewal terms and consequences of non-payment. If you agree to the terms (and you may decline them), the money could be available for your use as soon as the next business day.

If you have any questions about your loan, please contact your lender.

With RapidPaydays.com, you can submit a personal loan request from $100 to $5,000. However, if you receive a loan offer, it may not match the amount you requested. Loan offers may vary for several reasons including the individual lender, employment, income and other factors.

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Registering with RapidPaydays.com is free to you, the consumer. We are paid by independent, third party lenders for potential customer referrals.

Each third party lender will have its own fees, APR and terms. These charges come directly from the lender and not from RapidPaydays.com.

These fees and charges will be provided to you at the time of the loan offer, if one is made. You are under no obligation to accept them. Your loan is accepted by you when you electronically “sign” the offer and send back to the lender.

Read all documents for the terms and conditions of the loan.

The transfer to your bank account could happen as early as the next business day. Times will vary depending upon your lender and your financial institution. If you have additional questions regarding the transfer time, please contact your third party lender.

Individual, third party lenders have different minimum requirements, but the following constitute typical minimum requirements:

• Be at least 18 years of age or older
• Have a checking or savings account with direct deposit
• Have regular income of at least $1,000 per month
• Have a fair credit rating (for personal loans only)
• Must Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or a dependent thereof), serving on active duty under a call or order that does not specify a period of 30 days or less

You will be asked to provide banking, employment and some personal information. This information includes, but is not limited to your name, address, telephone number, place of employment and/or source of regular income, driver’s license number, bank account information and social security number.

The third party lenders may perform a credit check or use other methods to verify the information you provide.

From the time you register with RapidPaydays.com (and are made an offer by an independent, third party lender) the process can be as fast as one business day. A number of factors impact this, including the time of day you apply, the accuracy of your registration, the lender and your financial institution.

RapidPaydays.com is not a lender. Each independent, third party lender has their own terms and conditions, including those concerning repayment. You should contact your lender for information about the date and time for repayment as specified in your loan agreement.

This varies by lender, so check with your lender before agreeing to the loan offer. Many consumers get in trouble by not being aware of the penalties of late or non-payments. Be fully aware of the consequences of not paying the loan in full on the date it is due.

There is no guarantee that you will be approved by one of our participating lenders.

Typical penalties for lack of repayment may include:

• Addition of late fees
• Your account being forwarded to a collection agency
• Report your lack of payment to a consumer credit agency (thereby lowering your credit score)
• An offer to renew your loan, which will result in additional fees and/or interest

RapidPaydays.com is not a lender. You should ask your lender what the implications of non-payment are.