GimmeLoans.com provides a marketplace service where your loan request is submitted to a network of reputable lenders. Our service is always free—there is never a cost to you for submitting an inquiry. Your lender will have its own rates and fees that will be provided to you before you accept the loan. GimmeLoans.com is not a lender and does not make credit decisions.
New customers may have questions about GimmeLoans.com, which is why we have compiled the most common questions below. If you have a question that is not answered here, we are happy to answer your questions.
What is a personal loan?
Personal loans might be called different things, but they're all designed to provide you with temporary financial relief.
Who can qualify for a personal loan?
Most lenders require you to: Be employed in your current position for approximately 90 days; Be at least 18 years old, and a US citizen or a permanent resident; Have an income of approximately $1,000 per month after tax withholdings; and Have a valid email address, work phone number and home phone number.
How much can I borrow?
The amount a lender is willing to give you depends on how the lender evaluates a number of factors, including your state of residence and applicable legal restrictions (loans are not available in all states). Many lenders in our network will loan between $100 and $5,000.
How will I receive the loan money?
Once approved, the lender will deposit the funds directly into your bank account. This process is typically completed within one business day.
If I have bankruptcy or bad credit, can I still get a loan?
Having bad credit does not automatically disqualify you from getting a loan. Our network includes lenders who work with customers with various credit backgrounds. However, approval is not guaranteed and depends on the lender's criteria.
How long does the process take?
It should only take a few minutes to complete our secure online form. After we receive your information, we immediately start looking for a lender that is willing to work with you. You should have a response from one of our lenders within minutes. Final approval and funding is often done in as little as 24 to 48 hours.
Will I need a printer or fax machine?
No. The entire process can be completed online. Most lenders in our network do not require any documents to be faxed or printed.
What is the cost of a short term consumer loan?
The cost varies by lender and depends on factors such as loan amount, term length, and your credit profile. All fees and rates will be disclosed to you before you accept any loan offer.
When and how do I repay my loan?
Repayment terms vary by lender. Most lenders offer automatic withdrawal (ACH) from your bank account on the due date. Make sure to review the repayment terms before accepting any loan offer.
What happens if I'm late with a payment?
Late payment policies differ among lenders. Please review the late payment policy in your loan agreement before accepting the loan. Late fees may apply, and in some cases, missed payments may be reported to credit bureaus.
How is my private information protected?
We use industry-recognized security and advanced encryption technology to protect your personal information. Your information is transmitted and stored securely in an encrypted format.
When can I get another loan?
This depends on your lender's policies and state regulations. Some lenders require a waiting period between loans, while others may allow multiple loans. Contact your lender directly for specific information.