• Payday loan, what is it?

    A payday loan a small (mostly less than $1000), cash advance that requires no collateral. It's usually on a short-term basis and issued with a consideration of your future income, such as your salary or any other stable income you may have. The loan term is usually not more than 30 days. Payday loans are used to settle emergencies. If you are relying on this type of loans to pay bills, you should seek some financial help or counseling. You should find agencies that help people deal with excessive debt. Payday loans should be used in a responsible way.

  • What is an installment loan?

    This refers to a small, short-term, cash advance which is usually less than $5,000, it does not require any collateral and is issued with a consideration of your future income such as your salary or any other stable income you may have. Repayment usually follows a scheduled pattern. This type of loans should be used responsibly.

  • What is a personal loan?

    This is a loan that does not require any collateral and can be as much as $35,000. It's issued like a line of credit. Also, it is issued with a consideration of your future income, such as your salary or any other stable income you may have. Typically, the loan term tends to exceed that of payday or installment loans. You can use the loans for debt consolidation. Use personal loans responsibly.

  • How does think-banking.org work?

    Think-banking.org does not make credit decisions and is not a lender. think-banking.org offers loan matching services. We link consumers who need loans with participating, third-party lenders in our network who may offer a loan. It all starts by completing a simple form. We then share your details with participating lenders who may prepare a loan offer for you. You are not under any obligation to accept any offer, but the lender will guide you if you accept their loan offer. Every third party lender may have different conditions; so, make sure you review them before you accept an offer. Look out for information such as the renewal terms, fees, APR, as well as consequences of non-payment. For questions about your loan, please ask your lender.

  • Does think-banking.org charge any fees to link loan seekers with third-party lenders?

    As a customer, it's free to sign up with think-banking.org. We receive some payments from third-party lenders when we refer customers to them. Each lender is expected to have their charges. These terms and fees are set by the lender, not think-banking.org. You will have a chance to review these charges and terms when you get a loan offer. You have the option of whether to accept or not to accept them. You accept the loan offer the moment sign the offer electronically and return it to the lender. Review all the conditions and terms of the loan.

  • Is there a limit to what I can borrow?

    For payday loans, the range is from $100 - $1,000. Installment loans: $100 - $5,000, and it is $500 - $35,000 for personal loans. You will request a loan, and you may receive an offer that equals your request. There may be variations in offers due to individual lenders, income, employment, etc. If I get approved by a lender, when can I get the money? The money could be transferred to your account in 24 hours. This will also vary from lender to lender. For questions on this, get in touch with your lender.

  • Are there any minimum requirements for loan application?

    Lenders will present their requirements, but here are the main requirements across the board: Be a citizen of the U.S. Not less than 18 years of age Have a bank account capable of receiving direct deposit Have a minimum monthly income that is not less than $1,000 Decent credit rating (only applicable to personal loans)

  • What information does think-banking.org need from me?

    You have to release some details such as your employment, bank account, and other personal data. Some of this information includes your name, driver's license number, social security number, telephone number, the source of income, place of employment, etc. Independent lenders may check your credit score and history, or look to verify your details by using other methods.

  • Is my information safe?

    Think-banking.org adopts a range of measures to ensure that your information is safe. Every sensitive data that is exchanged between think-banking.org and your browser or applications is encrypted using 128 bit SSL technology. Your use of any of our services is up to you and guided by our Privacy Policy and Terms.

  • When must I complete my loan repayment?

    Think-banking.org isn't a lender. Every third party lender has their policies regarding repayment and other things. You need to get in touch with your lender or refer to the loan agreement for detailed information on repayment. Will third-party lenders conduct a credit check, and are there any implications? Most lenders will do that. They may also check the details you have submitted and compare it with national database records. Lenders also reserve the rights to verify your banking information, social security number, and any other information they have. It's advisable that you only make one loan application at a time because repeated inquiries to the three main credit bureaus (Transunion, Experian, and Equifax) may lead to a reduced credit rating.

  • What is the duration of a loan a transaction?

    As a registered member of think-banking.org, you get an offer in as little as 24 hours after becoming a member. This could be affected by a range of factors, such as the time of application, your financial institutions, etc.

  • Will my loan be subject to automatic renewal?

    Well, it depends on the lender and your state of residence. Lenders will have different policies about renewal, while states have laws guiding payday loans automatic renewal. Make sure you confirm with your lender if your loan will be automatically renewed or if they will require your permission first. Loan renewal is likely to attract extra charges and interest. Ensure that you are conversant with these charges before you commit to any loan renewal.

  • Are there implications for non-payment and late payments?

    It depends on the lender, so be sure to ask your lender before you accept an offer. Lots of consumers have landed in hot water for being ignorant of the consequences of late or non-payments. Make sure you know these details.

  • Is there a guarantee of loan approval?

    We do not guarantee that any of our partners will approve your application.

  • What happens if I fail to meet up with my loan repayment term?

    The following typical consequences may apply for non-repayment: Payment of late charges Your account is transferred to a collection agency Your account could be reported to a consumer credit agency, which may result in the lowering of your credit rating You are sent a renewal offer, which means you will incur extra interest and charges. think-banking.org isn't a lender. You need to contact your lender to know the implications of non-payment