24/7Loan is a payday loan service whose name means just what it says: You can be approved for instant payday loans any time of the day. The entire loan process is online, so you don't have to leave the comfort of your home. This service matches you with third-party lenders willing to loan you a cash advance to help you make your bills and cover unexpected expenses until your next paycheck. The process is quick, and you can have your money as early as on the same day you apply. With these features and the competitive fees and APRs available, 24/7Loan wins our Top Ten Reviews Bronze Award for payday loans.
This payday loan service is not a direct lender, so many of the features and terms of the loan you receive depend on the lender. The service connects you with lenders who are willing to grant you a short-term payday loan of up to $1,000, although most first-time applicants are approved for smaller amounts.
On average, your loans come with an APR ranging from 384% to 789%, or around $10 to $30 per $100 borrowed on a normal 14-day loan. You come to an agreement with your lender as to the exact amount of your loan, fees and APR. Some states prohibit payday loans or the use of online payday services, but 24/7Loan is still available in 42 states.
The 24/7Loan website is simple, which makes it easy to find what you are looking for. The application process is straightforward and requires standard information, and the service provides payday loans with no credit check. You are required to provide your personal information such as address, email and social security number. You must have a valid checking account for deposits and payments, and although there is no minimum monthly income requirement, you must be able to provide proof of income, and some lenders require you to be employed. This service also allows you to apply and receive approval over the phone if you prefer.
Once you complete the application, the approval process takes less than 90 seconds, and you immediately start receiving offers from lenders. The sheer amount of email offers you receive may be overwhelming, but there is no obligation, so you do not have to take any loan with which you don't feel comfortable. When you sign your loan agreement, in most cases you have your money direct deposited into your account the next day. Depending on the lender and your bank, you could have your funds the same day. If you ever need another loan, you can reapply the same day you pay off your original loan.
The term of a payday loan is typically two to four weeks, and the exact term depends on what you agree upon with your lender. When repaying your loan, 24/7Loan automatically deducts the amount due from the checking account into which your lender deposited your loan. This means you do not have to remember to make a payment, but you will want to ensure that the funds are in the account beforehand.
Some lenders offer extensions to give you a little extra time to make a payment, and other lenders offer loan rollovers, which means you can add the remainder of a loan onto a new loan. Again, these terms depend on the lender, and some fees or a new loan term may apply. Be sure to read all of your paperwork so you know exactly what your lender expects from you.
This company provides solid options if you need any help or support. The website has a FAQs page where you can find answers, including the term of your loan, when you'll receive your funds and the amount of your loan. If you need to contact customer service, you can call or complete an online email form.
24/7Loan is one of the best options if you need a fast payday loan with no faxing required. It is not a direct lender, so the amount of your loan, APR, fees and terms vary depending on which lender you choose, but in general, the fees and interest rates are on par with its competitors, and the terms of repayment are standard. The approval process takes under two minutes, and in some cases, you can have your loan in your checking account the same day you apply. Although you will not know all of the associated interest rates and fees before you apply, 24/7Loan is still one of the best payday loan services.
24/7Loan has a quick and efficient online application process that does not require you to fax any paperwork.
Because it is not a direct dealer, the service cannot guarantee any loan amount or APR.
24/7Loan is one of the best payday services, with competitive fees and interest rates and same-day direct deposits.