Rates and Fees
There are never any application fees when you apply for money loans through our site. Access to our lender network is provided completely free of charge. MoneyLoans.com does not actually lend money; rather, we connect you with our network of lenders who vie for your business by offering competitive rates and terms.
No Strings Attached
Most of our lenders set their own rates, but generally don’t charge any fees up front for their services either. Instead, they charge interest and/or fees on the loan amount, which covers any of the lender’s associated overhead and administrative costs. Then the money loans themselves are issued according to the amount you qualify for based of your application and the agreed-upon repayment terms.
Staying Competitive
Our lenders are vying for your business, so their interest rates are kept lower than similar lenders you could find when shopping around on your own. This helps benefit our customers, because they’re receiving a much better deal this way. Listing lenders side by side also lets you do the comparison-shopping needed to get the best loan for your situation.
Level Playing Field
Our lenders don’t run credit checks as a condition of your loan approval, so the interest rates they offer on money loans are the same for everyone. In traditional banking, those with high credit scores are approved for much more money, with much lower interest rates. However, applicants with less stellar credit are too often punished by receiving less money at inflated interest rates. Our services remove that double standard and instead provide fair access to money loans for every applicant.
Full disclosure
After your application is approved, you and your lender will discuss the specifics of your loan terms. This information will be a confirmation of the rates and fees already disclosed by our referral service. All the fine print is required to be laid out for you, in accordance with the federal guidelines laid out in the Truth in Lending Act. This means, if you think that a lender has changed the terms from what you previously understood to be their offer, you can walk away at any time before signing, without losing a penny in advance. This is well within your legal rights. And if you change your mind, you can always apply again later or choose an alternate lender.
Repayment Terms
Most lenders allow you to set up an automatic repayment plan, wherein the lender debits your bank account on the day(s) the loan is due. This eliminates the chance of forgetting to get a check in the mail on time and thereby incurring late fees. All of this information will be part of your loan agreement that should be read thoroughly prior to signing, so the process is very straightforward. Any last-minute changes on the part of the lender after you’ve already signed the loan contract would be in violation of federal law. The repayment terms on your money loans will never hold any surprises.
Apply Now