FAQs

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What are the least and maximum amounts I can borrow up to?
You can borrow up to a minimum sum of $80 to a maximum sum of $500,000, depending on the type of loan you opt for.

What are the eligibility conditions for availing the benefits of a loan?
There are four basic conditions which one needs to fulfill to be able to avail the benefits:

• He/she must be a citizen of USA
• The beneficiary of the loan must be an adult, i.e. above 18 years of age.
• The person also must have a valid bank account through which all the transactions take place.
• In case of short term, loans one must have a stable job with a steady monthly income. In case you opt for secured loans, you need to pledge an asset of yours as collateral.

What are the repayment time limits for the different types of loans?
The repayment of different types of loans is listed below:

• Payday loans 1 to 30 days
• Unsecured loans 1 to 10 years
• Secured loans 1 to 25 tears
• Consolidation loans 6 months to 25 years
• Bad credit loans 1 to 10 years
• Business loans 5 to 25 years
• Car loans 1 to 5 years

Are there any legal consequences of non repayment?
The lender can take strict legal action against the borrower if he fails to repay the loan cum interest according to the terms of the loan contract.

Will bad credit history create a problem for availing these types of loans?
Good credit history is not considered as one of the eligibility conditions in availing these loans. We are only concerned with your repaying ability and hence you need to prove the same by being employed in an organization of repute.