Frequently Asked Questions
Please read all of your documents to ensure you understand your loan. Below are answers to questions we frequently get at Insta Cash.
Once you’ve submitted your application, we will submit your information to lenders in our network to quickly help you find a loan. Our platform reviews your needs and searches our lender network for a loan that meets your needs.
If we find a lender that can assist you, you’ll be redirected to the lender’s website automatically so that you can review the lender’s loan terms and sign and accept your loan documents. Not every applicant will receive a loan. If we can’t find a lender able to meet your needs, we’ll redirect you to additional credit products that may help improve your financial situation.
In either situation, you’ll be redirected to the website of a partner that can assist you, whatever your financial circumstances.
Insta Cash is a loan-finding service and is not a direct lender. We provide a loan finding service by connecting people who are looking for loans with lenders that are interested in making loans to you. Because we work with many lenders and not just one, we can’t provide the exact rates and terms of your loan. Each lender offers different policies, rates, and terms when they lend. The actual terms of your loan will depend on your personal information, including employment, income and credit background. Only your lender can provide you with information about your specific loan terms including APR, fees, charges and the repayment period. You will be able to review your loan terms, including interest rates and repayment periods, on the lender’s website before you sign the loan documents.
If you’ve already taken out a loan and still have questions about your loan’s terms and conditions, please contact your lender directly. The Lender’s name and contact information will appear on the lender’s website, as well as on your loan documents. Please print a copy of your loan documents for your personal records.You should not sign any loan documents before you are sure you understand the terms and costs of the loan.
Your personal information is required to pre-qualify you for a loan with a member of our lender network. The lenders in our network will use your personal information to review your credit history by conducting a soft credit pull. The lenders will also take your income and employment information into consideration when deciding whether to offer you a loan.
Your personal information is safe and secure: we use industry-trusted online technology to keep your information encrypted and protected. Your privacy and online safety is of the utmost importance to us.
If you’ve been connected with a lender for an unsecured loan, the lender will provide you with consumer loan documents to review. You should always review the loan documents to ensure you understand the loan terms. If you agree to the lender’s loan conditions, you should electronically sign the documents to accept and finalize the loan. Upon your signature and acceptance of the documents, you can receive your check/funds as soon as the next business day. If we were unable to connect you with a lender for an unsecured loan, and instead connect you with a lender for a short-term line of credit, you may receive funds as soon as the next business day after the line of credit is approved.
WE ARE NOT A DIRECT LENDER. We provide a service that connects consumers with companies that have money to lend. We submit the information you provide to one or more lenders and attempt to connect you with a lender. When you look for a short-term loan through direct lenders, each lender requires a separate application. Each application results in a separate credit inquiry and multiple credit inquiries in a short period of time can negatively impact your credit score. By using our service, the only hard credit check on your credit record is made by the lender with which you contract for a loan.
At Insta Cash, we support responsible borrowing and lending practices. This means that we recommend only borrowing the amount of money you immediately need. Although it’s possible to qualify for and take out more than one short-term loan, we suggest that you manage and successfully repay one loan before taking out an additional one. If you have long-term financial struggles that require more than one loan, we recommend seeking professional credit counseling that may be able to lower your debt, improve your credit and better help you manage your finances.
Yes. Even with bad credit or no credit, you may be approved for a loan with a lender in our network. Although lenders take your credit into consideration, you may still be able to qualify for a loan even if you’ve had past credit issues. The lenders we work with may be able to accommodate all types of consumers, including those with good credit, bad credit, or no credit. Even if you have bankruptcies, liens, and other negative credit problems, you may still be able to get quickly approved for a loan.
We work with lenders who provide loans up to $5,000. Your loan amount is determined by the lender based on your individual creditworthiness, including income, employment information, and credit history, as well as other factors.
We works with lenders who provide loans to consumers in many states. If we can’t match you with a lender for an unsecured loan, and instead redirect you to a lender for a short-term loan, there are state restrictions in place. Please see your state’s laws on short-term lending to see what limits, if any, exist in your state.
There are times when our network of lenders cannot meet a borrower’s needs. Typically, applications are rejected because lenders only work with residents from certain states or applicants with certain income levels. Although there are lenders in our network that work with consumers with bad credit or no credit, significant credit problems may prevent you from getting a loan.
Loan renewals and extensions may be offered by your lender. However, renewals and extensions are subject to state laws and your lender’s policies. Only your lender can provide you with your specific repayment options and details if you are unable to repay your loan on time. Contact your lender directly for more information. Please note: loan renewals and extensions typically require payment of additional fees.
Although lenders do check your credit via multiple sources, there are other factors that come into play during the loan approval process. You will have a much better chance of getting a loan if your credit is good or above average. However, even with bad credit or no credit, a lender may still offer you a loan. Lenders look at your current financial situation, including employment and income status, so past credit issues won’t necessarily stop you from getting a loan.
The best time to apply for a loan is any time you’re in need of funds. If you decide to apply for a loan, submit your application to our network of lenders and discover your loan options with a few simple clicks. Once you’ve applied, your application will be processed and you’ll find out in real time whether a lender can meet your funding needs.
As many lenders may offer larger unsecured loans, most lenders will offer you more time to repay your loan. Ask your lender about specific repayment details and whether multiple repayment options are available.
Unlike secured loans, unsecured loans do not require any collateral but will likely have higher interest rates, depending on your credit. Due to differing laws and regulations, the cost of borrowing an unsecured loan varies depending on your lender and the state in which you live. Once you are connected with a lender, you should review your loan agreement thoroughly as it will outline any interest rates or fees associated with your loan. You may also call the lender directly with specific questions about your loan.
You simply complete our short online application and our automatic loan connection service will work to connect you with a lender. If you are connected with a lender, you will be redirected to the lender’s website automatically to complete your loan application and review your loan documents, if approved.
An unsecured loan is a loan without any collateral to secure its repayment. Because an unsecured loan is not guaranteed by any collateral, it is riskier for lenders and, as such, typically has a higher interest rate than a secured loan. Although interest rates are higher, the interest rate for an unsecured loan may still be lower than the rates of other forms of credit.