- What is a personal loan?
Personal Loan is a type of an unsecured loan that an individual can borrow to cover various expenses such as
medical, education, travel, wedding etc. Personal loans typically do not require collateral, like a home or
a
car, to secure the loan.
- How much amount can I borrow?
When you fill out our simple form , we’ll connect you with the lender. Once your application is verified ,
you
can request for a loan amount up to $50,000.
- What are the requirements for a personal loan?
When filling out our form to connect with a lender, no documents or credit history are required. However,
the
lender may request documents and proof during the loan application process.
- How quickly can I get a personal loan?
Once you fill out our form, you will be connected to one of the lenders from our network. When the lender
accepts your application, you will get your loan as soon as the next business day.
- Are there any hidden fees charged by you?
Capital Cash Funds services are free of cost. We are here to simplify your personal loan request process, by
connecting you with the lender, as per your details
- When should you consider a Personal Loan?
Personal loans are specifically meant for addressing financial emergencies and bridging the gap between
paychecks. The same level of caution applied when acquiring any type of credit should guide your decision to
pursue a personal loan. It's crucial to only seek a loan when facing a financial emergency. If you find
yourself
in severe financial distress, it's advisable to consult a financial counselor before considering a loan.
- Will I Have to Fax Documents?
There may be a chance that lenders may ask you to fax the documents like proof of employment, bank account
status and legal status within the United States for verification to provide a loan..
- How do I get connected to a lender?
Once you fill out our simple and easy form, we will forward your request to our network of lenders. If you
are
connected with a lender and approved for a loan, your lender will contact you via email; you may also be
redirected to that lender’s website home page.
- How do I repay my loan?
The terms for repaying your loan will be specified in the lender's terms and conditions document. Typically,
on
the repayment date, the lender will withdraw the total amount you owe, including the loan amount, fees, and
interest, from your bank account. It's crucial to have sufficient funds available on that date. If you
can't,
contact your lender immediately. You might be eligible for options like loan extensions or rollovers that
could
save you money in the long term.
- What should I do if I have inquiries regarding my loan?
If you have questions about a specific loan, it's essential to promptly address them with your lender. To
safeguard your privacy, this service doesn't have access to your loan details. Your loan agreement typically
includes contact information for your lender in case of issues. If your lender doesn't respond or if you're
dissatisfied with their response, you can contact government agencies for assistance in resolving the
matter.
- What if I Have multiple jobs or I am self-employed?
If you hold multiple jobs, include details about your primary job in your request form, and provide
information
about additional jobs when communicating with your lender. If your lender requests paycheck stubs, submit
stubs
from all your employers. If you're self-employed, demonstrate substantial income meeting the lender's
criteria
and show that your business has been stable with consistent income for at least 90 days.
- How many loans am I allowed to have at a time?
While we don’t encourage you to have multiple loans simultaneously, certain states permit two or sometimes
three
outstanding loans concurrently. When applying for a new loan, you must disclose any existing loans in your
request. Even in states allowing multiple loans, there may be credit limits, possibly resulting in denial.
Lenders also retain the right to decline credit to individuals with existing loans, irrespective of state
regulations.
- Why is my request getting rejected?
There are various reasons for a request denial. It might be due to not meeting the basic eligibility
requirements for a short-term loan. Denials can also occur if you're in bankruptcy, in default with another
short-term loan provider, or have an existing, active loan with another lender in good standing. If you
suspect
any form of discrimination, contact the Consumer Financial Protection Bureau.
- What if I cannot repay my loan on time?
Carefully review your loan offer and financial situation before completing the application. Only request a
loan
if you're confident in your ability to repay it on time. In case you can't meet the repayment deadline,
contact
your lender immediately. While debt collection may occur, lenders cannot threaten criminal actions. Keep in
mind
that your debt will continue accruing high-interest until settled.