Faqs
Do You Have Any Questions?
Lendyoufunds functions as an intermediary for loan facilitation. We do not make credit determinations or function as lenders. Instead, we facilitate connections between individuals in need of financial assistance and external lenders who have the potential to extend a loan. Here's the process in detail: You begin by completing a straightforward form, after which we share your information with these external lenders who may choose to present you with a loan offer.
There is no compulsion to accept a loan offered to you. However, if you opt to proceed, the lender will share instructions on the subsequent steps. It is crucial to bear in mind that each lender has its unique terms, so a thorough review of these terms is essential before making a decision. Pay attention to details like the Annual Percentage Rate (APR), fees, renewal terms, and what happens if you can't make payments. If you have any questions about your loan, feel free to contact your lender directly.
How much you can borrow depends on the type of loan you're interested in. Payday loans commonly fall within the range of $100 to $1,000. If you're thinking about an instalment loan, the amount usually falls between $100 and $5,000, while personal loans typically range from $500 to $35,000.
No, signing up with Lendyoufunds is free for you. We get paid by third-party lenders when we refer potential customers to them. Each lender has its own fees, interest rates, and terms. These costs are determined by the lender and are not connected to Lendyoufunds.
Funds may arrive in your bank account as soon as the next business day, but the exact timing depends on your lender and financial institution. If you have questions about the transfer schedule, please contact your third-party lender for specific information.
To register for a loan, you generally need to meet these common criteria:
- Age: Be at least 18 years old.
- Bank Account: Have a checking or savings account with direct deposit.
- Income: Maintain a steady income of at least $1,000 per month.
- Credit (for Personal Loans): A fair credit rating is typically required.
Yes, we take data security seriously. We employ industry-standard encryption to safeguard your personal and financial details.
The early repayment policy differs from one lender to another. While some permit early repayment without penalties, others may impose fees. We recommend checking with your lender for their specific terms.
Not making a loan payment on time may result in late fees or additional interest charges. If you foresee challenges in meeting your payments, it's vital to reach out to your lender promptly.
Some lenders within our network may consider applications from individuals with less-than-perfect credit. Your eligibility will hinge on the lender's specific criteria.
Generally, loan terms are locked in at the time of approval and may not be subject to alteration. Nonetheless, it's advisable to check with your lender regarding their policies.
In case you need an extension or anticipate missing a payment, it's crucial to promptly contact your lender. They can offer guidance on available alternatives and potential consequences.