Criteria


It will simply take a couple of minutes of your time to finish your loan offer form. We are committed to helping you secure the loan amount you require and can usually tell you the result of your application straight away. Securing you the funds you require, when you require them most.

We don't have to know your life history, only a couple of vital details and a small verification; you should be more than 18, have a regular salary, have a permanent address and, hold a legitimate checking account to be qualified to apply. There will be no requirement for an up close and personal gathering.

- No Co-signer, No Guarator, No Security Deposit Required!

- Bad Credit also accepted but we need to do PPI, and a small verification.

- No up-front fees for Good Credit Types (more than 720 points).

- You will get funds via Bank-wire within 20 minutes(We also have other options for funds transfer like Western Union, Cashier Cheque etc).

- Paperworks will be sent on your mailing address within 24 hours, once you get funds.

APR Rates


Instant Emergency Loans is a direct lender. We will not be able to confirm the exact rate of APR that you will be charged because we offer you multiple repayment plans. But we guarantee that rates will not be greater than 23.95% APR (calculation consistent with the Truth In Lending Act, TILA).

To apply for a loan, you should be 18 years or older. The rate of APR you will be charged will be set according to the repayment plan you will be offered. The figure can differ and, will be based both on the information that you provide within your loan request and the data the that will be supplied to you. We will always notify you of the APR that we can offer you.

APR rates are based on how creditworthy you are, the rates are subject to change without notice which could result in the rate and amount you pay back varying.

Once your application has been acknowledged by us, then we will provide you with all the facts associated with the loan. This will incorporate the APR, any related loan finance charges and all of the terms you will be agreeing to. It is prudent that you read all information submitted to you by us to ensure that you can make an informed decision prior to accepting a loan offer.

If you have any questions related to APR or loan related services, please contact us for more assistance.

Representative Examples


If you borrowed $2,000 over a 12 month period and the loan had a 3% arrangement fee ($60), your monthly repayments would be $189.12, with a total payback amount of $2269.44 which including the 3% fee paid from the loan amount, would have a total cost of $329.44. Representative 29.82% APR.

If you borrowed $5,000 over a 48 month period and the loan had an 8% arrangement fee ($400), your monthly repayments would be $131.67, with a total payback amount of $6320.12 which including the 8% fee paid from the loan amount, would have a total cost of $1720.12. Representative 18.23% APR.

Implications


Late or Missed Payments :


When accepting the terms and conditions of your personal loan, you are agreeing to repay the loan both: A) with interest and B) in the time frame specified in the loan agreement. Generally, failure to repay the loan in full, making a late payment or, missing a payment, will result in you being charged additional fees.

You don't have to pay any late payment charges up to 3 months if you have a PPI (payment protection insurance).

Within your Loan Agreement, you will be provided with details on the late, partial, and non-payment policies, please review this fully prior to proceeding with a loan offer.



Credit Score Impact :


To ascertain how creditworthy you are, your credit capacity and/or your credit standing, we may perform credit checks. Submitting a loan request means that you are agreeing to allow us to verify your personal information and check your credit. Note: missing payments and/or late payments may have a negative impact your credit score.



Collection Practices :


Instant Emergency Loans use fair collection practices.

If you have a payment protection insurance(PPI) then we will not take any legal action.