Frequently Asked Questions about Loans
If you’re ready to apply for a loan but have questions, great! We have answers!
An online loan is a short-term cash advance intended to help you financially until the next paycheck. It provides a convenient and easy way to get a small amount of money in a short period of time. The typical amount of loans usually ranges from $100 to $1,000, depending on the company lender.
You are eligible for an online loan if you meet the following qualifications:
- Are a US citizen or legal resident
- Are 18 years old or more
- Have at least 3 months of history with your current job
- Have a checking account in which to put the money
- Receive an income of at least $800 per month after taxes
Your loan limit is usually determined by state law. Beyond state law, the lender will base your loan on your salary and ability to pay the loan back. You will not receive more than can be reasonably expected to be paid back. The maximum amount for small loans tends to be $1,000, and for personal loan you can get up to $40000.
Definitely! US PLO will never examine your credit score on any application. Even if you’ve been turned down by other lenders for bad credit, you can still qualify for an online loan as long as you earn a steady monthly income.
US PLO’s no fax online application is completely FREE. We will never charge you an application fee. We believe in disclosing the true cost of a loan to each of our customer in the hopes that they will consider US PLO for their loan needs in the future.
Final approvals usually reach the applicant within a span of minutes to hours; this depends largely on the accuracy of the information presented in the application, so be sure to be as accurate and as honest as is possible!
The funds are authorized the same day and wired to your account at midnight that same night. In most cases you will be able to spend the funds acquired the very next morning (this depends on the speed of your financial institution.)
After you are approved, you will receive an email which confirms the approval. Your money will be deposited into the account you specified on your application. You then simply go to your bank and make a withdrawal just like normal.
We ask for your social security number and driver’s license identification to verify that you’re the actual person applying for the loan, and not someone trying to use your name and information fraudulently. We require banking information so your lender can deposit your cash directly into your account and to make sure your money is sent to the right account.
The application on our site is secured with 128-bit SSL encryption for the security of data transferred to and from our website.
We support responsible online lending practices and we do not allow military personnel, military dependents or anyone who is under the age of 18 to submit applications on our website. Also, applicants must receive an income of at least $800 per month after taxes to have their application processed on our site. We encourage all of our visitors to do due diligence before accepting the terms of any loans they are presented.
