Helping Good People Get Better Loans

Check Your Rate

LoanNow: Your Source for Money Loans Online

Back in the day, the only way to get a loan was to drive across town to a local bank. Borrowers seeking to avoid the hassle of driving across town to submit applications with brick and mortar lenders often seek loans from a money lender online.  With the Internet, applying for money loans online allows borrowers to obtain the money they need from the privacy and convenience of their own homes.

But all money loans online are not created equal. In many cases, the search results in email inboxes stuffed with SPAM and attempted identity theft. That’s because many so-called online lenders aren’t lenders at all. Savvy borrowers skip the SPAM and stick with a direct money lender online like LoanNow.

same day loansOnline Money Lenders Offer Convenience

With a traditional brick-and-mortar lender, borrowers must gather their paperwork and drive across town to the lending institution, or conduct a lengthy phone call with a lending officer. Whether in person or by phone, the appointment must take place during business hours. More than one borrower has been forced to miss at least part of a workday in order to submit an application.

Unlike brick-and-mortar lenders, a money lender online uses the Internet to process loan applications and utilizes the Automated Clearing House (ACH) system to process loan payouts and repayments.  As a result, borrowers are able to submit their applications in the privacy of their own homes, on their own schedules.  Best of all, LoanNow’s online process generates responses in minutes or hours, and approved borrowers receive their funds by direct deposit as soon as the following business day.

Online Loan Brokers Often Generate Multiple Loan Offers

You may have seen ads on TV or online for online lenders making claims of multiple competing offers for borrowers. These lenders are loan brokers that collect information for borrowers seeking money loans online and distribute the information to a select group of lenders s. Borrowers may very well receive multiple loan offers – but many applicants only receive a single response, while others receive no offers at all.

Peer-to-Peer Lenders Utilize the Crowd Funding Model

Peer-to-peer lenders represent a fairly new source for money loans online. Such loans apply the crowd funding model to online lending. Prospective borrowers create profiles that include personal information along with financial data. The profiles are posted online within the semi public forum of the peer-to-peer lending site. Prospective lenders are free to support some, all or none of a particular borrower’s loan request. Many borrowers find the peer-to-peer lending process intrusive. There are also no guarantees that loan requests will be funded. Finally, prospective borrowers must have FICO scores no lower than the mid-600 range to qualify for most peer-to-peer lending platforms.

Online Payday Lenders Provide Short Term Loans with Long Term Headaches

At first glance, online payday lenders may appear to be a convenient source for obtaining money loans online.  You can apply from the privacy of your own home, on your own schedule.  If approved, you’ll generally receive your funds the following business day as a direct deposit into your bank account.  And approval is easy – as so many payday lenders advertise – your job is your credit. So far, so good – but that’s where the convenience ends.

A major drawback with payday lenders is that borrowers are expected to repay their loans, in full, on the following pay date.  For many borrowers, that translates into a repayment period of about 14 days. Borrowers paid weekly could find that their due dates fall a mere 10 days from the date they receive their loans. Online payday lenders present another problem – many are operated out of state or even overseas, with skimpy or no contact information available.  As a result, possible problems with the loan could be difficult to deal with.

“This Website Is Not a Lender”

Sometimes a so-called money lender online is not really a lender at all. Instead, many websites operate as intermediaries for third parties. In some cases, the websites are legitimate loan brokers that work with specified lenders. However, other websites are little more than fronts that gather borrower information to sell to third parties.

When a so-called money lender online features too-good-to-be true promises like “100 Percent Accepted!” that should signal a red flag for prospective borrowers. Checking the fine print reveals the truth. “This site is not a lender” or similar language informs borrowers of the actual nature of such websites. Borrowers unfortunate enough to submit their information to such websites often find their mailboxes jammed with SPAM and “offers” from lenders they’ve never heard of, let alone submitted applications.  In such cases, the best course of action is to delete all the messages without opening them. It’s also a good idea to keep an eye on financial and personal information to catch attempted scams or identity theft before the damage becomes too extensive.

LoanNow Is the Savvy Choice for Personal Loanscash advance

LoanNow provides all the convenience of money loans online without the drawbacks. LoanNow doesn’t require applicants to post their appeals online.  Instead, our proprietary underwriting system looks beyond your FICO score to consider your whole financial profile, and we often say yes when banks say now.  As a direct money lender, LoanNow handles its own underwriting. LoanNow also does not share borrower information with third parties or with the general public, And our A+ rating from the Better Business Bureau means you can borrow with confidence.

LoanNow never demands collateral and we don’t expect approved borrows to repay their loans in a single lump sum. Instead, our repayment plans are structured in manageable monthly installments. No matter how you look at it, LoanNow represents the savvy choice for money loans online!

Check Your Rate

Why LoanNow

  • 5-Minute Application

    All it takes is a few minutes. We’re fast, easy and headache-free.

  • Fast & Easy Approval

    Get your quick loan approval online. Money in minutes. †

  • Deposit to Your Account

    Funds are deposited fast into your bank account! ‡

How It Works

  • Apply Now

    Complete our easy online application. It takes 5 minutes and there is no paperwork and no faxing required.

  • Get Approved

    You will get a quick loan approval decision. We are a direct lender so there is no long wait for an answer.

  • Get Your Money

    We deposit your money right into your bank account. Your installment loan payments come from the same account - automatic, no hassles.

What We're About

  • "We believe we can change the world by helping people with less than great credit get back on track."

    Miron, The Team

  • "Our loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties."

    Harry, The Team

  • "Our mission is to build the fastest & easiest way to get a loan."

    Jesse, The Team

Grow Your Score

Our personal loans reward you for good behavior instead of trapping you in an endless spiral of interest & penalties. Together, we grow your LoanNow score to unlock better rates.

LoanNow Score

* Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. Subject to underwriting approval.

** Subject to online availability and underwriting may request additional items prior to final approval.

† Loan approvals are subject to underwriting criteria and the approval process may take longer if required items are not able to be verified online or additional items are requested.

‡ Funds will be distributed via ACH. Most banks will post the funds to your account by the next business day. One’s bank will determine when funds are actually available.

LoanNow Trustpilot Rating: 9.3 out of 10 based on 570 reviews as of March 2016. SuperMoney Rating: 9.5 out of 10 based on 55 reviews.