It is a cash advance that is repaid over time with a fixed number of scheduled biweekly, semi- monthly or monthly payments of equal amount. Also known as installment debt, it gives you greater repayment flexibility. Moreover, it allows prepayment with no penalty, which will save you interest. Examples of installment loans are mortgage loans, student loans, car loans, home equity loans, etc.
You are not obligated to use these small loans for any specific purpose. They can be utilized to cover a variety of expenses such as car notes, utility bills, medical emergencies, tuition fees, home repairs, renovations, and more.
We are a trustworthy online lender that offers fee-free personal loans, meaning that there are no application fees involved.
To qualify for a quick loan with installment payments, you must:
- Be minimum 18 years old
- Be permanent resident or US citizen
- Be employed for the past three months
- Be earning a monthly income of at least $1,200
- Have an active bank account
- Have a valid contact number and email address
- Not be a debtor in bankruptcy case and should not intend to voluntarily file for bankruptcy relief, presently.
Easymoneyloan allows you to apply for fast cash conveniently from anywhere, at any time, using your mobile device or from the comfort of your home. You can simply click on the faxless loan application and enter your basic details. Once you request the desired amount, the funds will be deposited into your bank account on the same day or, at the latest, by the next business day if your application is approved.
No. We provide no fax or no paperwork online loans for your convenience.
At Easymoneyloan, your loan amount is determined based on your current monthly income. As a first-time borrower, you may qualify for up to a maximum of $500. However, we offer a reward system that increases your loan limit by $100 for each successful repayment. Please keep in mind that our loan limits do not exceed $1,000.
Our response time is nearly instantaneous! We will contact you within one hour of loan approval via phone or email during normal business hours, which are Monday through Friday from 8:00 AM to 7:00 PM EST. For applications submitted after-hours, we will reach out to you first thing the next business day. Please keep in mind that eligibility for no credit check and quick approval loans from direct lenders may vary due to state and verification requirements.
Yes. Even people with poor or low credit score are eligible to apply for our bad credit loans because we do not run credit checks.
APR, the Annual Percentage Rate is the effective rate of interest charged on your loan.
The loan fee depends on the length and number of payments; in case you repay early, the fee will be adjusted based on your shortened payment schedule. We do not charge more than what the law allows.
At Easy money loan, we deposit the requested loan amount as soon as you receive approval. However, it’s important to note that depending on your bank’s policies, it may take up to two days for the funds to reflect in your account.
Yes. However, Any loan requested on Friday after 6:00 PM CST will be processed on the next business day which is usually Monday- unless it is a holiday.
In the event that you request a short-term advance loan and later decide that you do not need it, you can return it to us before the end of the following business day. For instance, if you receive the loan on Wednesday, you have until Thursday 7:00 PM EST to return it without any penalty.
No. The amount is electronically debited via ACH from your authorized bank account on payment due date.
No, there are no prepayment penalties associated with our loans. If you would like to make a pre-payment, please feel free to contact us via email at Support@easymoneyloan.com or call us at (855) 840-5688 to begin the process. Additionally, making a pre-payment may even qualify you for a partial refund of the loan’s finance charge.
ACH is an acronym for Automatic Clearing House, which refers to a system that enables electronic transfer of funds to and from bank accounts. By providing a check as payment on your installment loan application, you authorize us to process the payment as a check transaction. When the lender initiates an ACH request to your bank, it transfers the specified amount of loan fees and/or principal to the lender as per your loan agreement. If there are insufficient funds in your account to cover the payment, the lender may retry the ACH Authorization at a later time.
We use your bank account details to process payments.
Easy money loan follows all NACHA regulations. We are authorized to utilize the Federal Reserve Wire System. We always abide by the state and federal laws, and will never withdraw more money than you have authorized in our process.
To update your bank details, you can contact our customer service team either by email at Support@easymoneyloan.com or by phone at (855) 840-5688, at least two business days before the 4:00 PM EST payment due date. If you have already applied for your loan, you will need to fax a copy or a photo of a voided check or bank statement for the new bank account to (855) 840-5689. Please ensure that the photo is in standard PDF or JPG format to enable us to access it. Note that Starter Checks are not accepted as valid proof of bank information.
To arrange for a payment extension, please contact us at least two business days before the payment due date. To obtain an extension, you must pay at least enough to cover the interest accrued up to that point, which is typically the finance charge disclosed as $30 per $100 borrowed and an APR (Annual Percentage Rate) that ranges from 365% to 1,564%, depending on the extension terms. We advise you to pay as much extra as possible to reduce the principal balance. Please note that we charge an NSF (Non-Sufficient Fund) Fee of $20.00.
If you do not want us to withdraw the full amount on the due date, you have the option to extend your loan. You may make partial payments at any time prior to maturity on the principal balance without incurring additional charges.
Yes. We protect your data with a secure SSL server that uses the highest encryption standards. Besides, we never sell your information to third party lenders.
We appreciate your service to the country and thank you for your interest in us. However, we do NOT provide loans to military personnel currently.
Easy moeny loan relies on email to keep you up-to-date on your approval, repayment reminders, confirmations, promotions, and more. Therefore, it is crucial that you receive all email communications from us regarding your account. To ensure that you receive important emails from Easy money loan, please take a moment to add our email address, support@easymoneyloan.com, to your address book or to your email provider’s “good list” or “whitelist.” This will help your email provider recognize Easy moeny loan as a trusted source of email.
