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Home » Small Loan Program |
SMALL LOAN PROGRAM DESCRIPTION
QUALIFICATIONS
» You must have a checking account.
» You need to be currently employed at the same place for six months or longer.*
» You need to have been at your current residence for six months or longer.*
*Items waived for military and $100 loans to establish payment habits.
apr disclosure
APPROVAL
Our approval process is based upon verification of the application information you provide. We do not check the major credit bureaus, however we do share information with similar services and will decline you if you have excessive loans or unpaid accounts with our competitors.
Your approval amount will be based upon 1 week of your take home income less any outstanding accounts at our competitors. For military personnel living on base housing, we add $600 to your pay for approval calculation purposes.
Your bank statement for last month must show that at sometime last month the security amount you are writing to us would clear.
Approval amounts may increase as you do business with us based upon your payment habits.
SECURITY CHECKS
You must leave a security check with us. Should you not satisfy your account, per your loan agreement we will deposit your checks.
WHAT TO BRING
» Your Drivers License
» Your Checkbook
» Your LAST pay stub
» Your LAST Bank Statement (showing all transactions)
» Your LAST phone bill
OPTIONS
Your initial loan period may be from 3 – 21 days.
At the end of your initial loan contract you may:
» Come in on your due date and pay the full amount in cash, and have your security checks returned to you.
» Pay the renewal fee for an additional period of time. (3 – 30 days) You can do this in person, or call and request us to draft your checking account.
» In addition to the loan interest due, you may repay any part of the principal.
Other options are available, see your loan agreement for complete details.
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