ZestCash is not a direct lender. It is a kind of referral service that has a team of lenders that offer online payday loans. This referral service is a way to improve your financial state. Our refferal service implies that a client is asked to fill out an application form and then, a client is redirected to a direct lender. The lender itself will provide additional information about terms and rates.
What are loans online?
The modern financial system considers a loan as a small loan issued to an individual for a short term. Its amount usually does not exceed $1,000. The repayment period is from 3 to 30 days. Internet loans
are issued for any purpose.
I need to get a loan online. How to fix it?
Choose a lender
First you need to decide where to get a loan. There are two most common options with their own characteristics: a bank or an MFI – a microfinance organization. If you have time left, a good credit history, you can easily provide all the necessary documents – contact the bank institution. The bank will give you money for a long period at a rate that will be noticeably less in comparison with short term personal loans. You can contact a microfinance organization if you do not have time or you are not sure that the bank will approve a loan, the loan amount is small.
MFIs were once created to support small businesses that cannot always rely on funding from banks. But among ordinary people, emergency cash loans also began to be in demand, so MFIs approve consumer loans. Each client may decide whether a payday loan is suitable for you.
When you contact the lender or referral service and they will tell you about the terms of the loan, do not rush to immediately sign the contract. Terms and rates can no longer change.
Assess the offer
Even if you need money urgently, take your time and do not make hasty decisions: evaluate the offers of different companies. Although a microloan is issued for a short period, keep that in mind.
The main aspects to be estimated are:
- interest rates, read the individual contract terms and general conditions (set by MFIs unilaterally).
- carefully study the individual terms of the contract: they may indicate the conditions for additional services. They affect the amount you need to repay.
- check the full cost of the online short term loan. It must be indicated in the agreement between a client and a lender.
Rates and terms
Every client is able to borrow money fast. Short term cash loans’ amounts offered by lenders when cooperating with ZestCash:
- $200.00 – $500.00;
- $500.00 – $1,000.00;
- $1,100.00 – $2,500.00;
- $2,500.00 – $5,000.00.
When addressing a lender directly, it will define the exact loan amount you are approved for. The terms are also specified by a lender itself on an individual basis.
How to qualify for a loan online?
The main qualification requirements for payday and installment loans online are:
- be at least 18 years old;
- be a U.S. citizen;
- be employed and have a reliable source of income;
- have a checking account;
- have a valid email address and phone number.
Advantages of loans online to a credit card
- All cash transactions made using a card are easy to track and control. With the help of Internet banking, it is easy to protect yourself from unreasonable expenses.
- The security of storing money on a card has proven itself more than once. Cashless funds are much more difficult to steal. If a card is lost, the account can always be blocked.
- Credit card is an easy way to pay for online purchases. When you go on a trip, you can pay by card in any other country without changing currency for a local one.
- The plastic card is also more hygienic, because the money goes through a huge amount of not always clean hands.
- The card is convenient to carry in your pocket or wallet; it completely replaces bills and coins. Trusting someone close to your money, you can make a second card with access to the account. Thus, you will also know what your spouse is spending money on.
- There is no risk of receiving a fake bill. The probability of a refund when calculating in the store grows by 100%.