Unexpected expenses can be devastating. Some people feel stuck when they find themselves needing emergency cash at a moment’s notice – and that’s where online same-day loans can help. They’re becoming a popular choice for quick, easy access to funds. With MaxLend’s easy-to-use platform, it’s simpler than ever to get the help you need, fast.
How Do Same Day Loans Work?
Same day loans are sometimes called “emergency” or “quick” loans. Typically, they provide small to moderate amounts of cash that can be borrowed online with quick approval. Funds are often available the same day. Not all online lenders offer same day loans. MaxLend does. We feature free Same Day Funding* on banking business days for those who complete the application process by 11:45 a.m. Eastern Time.
Typically, borrowers turn to this type of loan when they need money quickly. Unlike some bank loans, which can take days or even weeks to finalize, same-day online loans can be used for urgent needs. They’re quick and accessible even for those who have less-than-perfect credit, with funds available the same day or on the next business day.
The Application Process
Applying for a same-day loan online with MaxLend is easy. You’ll need to provide basic information like your name and address, along with information about your income and bank details. You typically find out right away if you’re approved. Then you’ll land on a webpage where you can eSign your loan documents. In addition, some customers may need to have a confirmation call with Customer Service to finalize their loans. If you need a call to finalize, you can schedule a call when you eSign. Or just call us anytime, 24/7. We’ll also reach out to you.
After your loan is finalized, the cash is deposited into your bank account. If you finalize by 11:45 a.m. Eastern Time on business days, you should receive your funding that afternoon.*
Benefits of Online Same Day Loans
According to the Federal Reserve, 60% of Americans say that they likely wouldn’t be able to cover an unexpected $400 expense without borrowing funds. This is one of the reasons why people may turn to online same-day loans when they need cash quickly. This type of loan offers a range of benefits.
Easy Access to Funds
Emergencies can happen to anyone at any time. When you need money to navigate an unexpected situation, sometimes it can’t wait. With a same-day loan, you don’t have to wait long for cash to arrive.
Whether you need to make urgent car repairs, pay medical bills, or make critical home repairs, MaxLend is here to help.
Convenience and Accessibility
At MaxLend, borrowers can apply online at any time and from anywhere. It doesn’t matter if you are at home, at work, on the road, or on vacation – as long as you have an internet connection, your phone or computer, and the required information. We make the application process easy. It’s a simple, hassle-free way to access cash when you need it most. To be eligible for a MaxLend loan, you do need to be a resident of a state where MaxLend conducts business.
Flexibility in Loan Amounts and Repayment Terms
At MaxLend, we know everyone’s situation is unique. Our customers may be looking for anywhere from a few hundred to a few thousand dollars.
MaxLend loan repayment dates typically fall on the borrower’s paydays – and borrowers usually have nine or 10 months to repay their loans. Please be aware, though, that you also have the option to pay your loan off early and potentially save significantly on interest charges. At MaxLend, there’s never a penalty for early payoff.
What are the Requirements for a Same-Day Loan?
So, what are some of the requirements for a same-day loan? At MaxLend, you’ll need to have a regular source of income that meets our minimum income requirements. You also must have an open checking account. In addition, applicants must be at least 18 and cannot currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.
How Much Can I Borrow?
How much you may be eligible to borrow at MaxLend depends on a variety of factors, including your level in MaxLend Preferred Rewards. The maximum amount a new customer could qualify for in the rewards program is $2,000. Rewards members at the highest level could qualify for up to $3,750.
Same-day online loans offer a quick way to handle urgent financial needs. Before you borrow, assess your situation and choose what works best for your budget and needs. Always borrow responsibly. Understand your repayment terms before signing on the dotted line.
Do you need funding today? MaxLend’s online application is easy to use. Still have questions? Contact MaxLend for further information or visit our website today.
*Same Day Funding is available on business days where pre-approval, eSignature of the loan agreement, and completion of the confirmation call, if a call is required, have occurred by 11:45 a.m. Eastern Time and a customer elects ACH as payment method. Customers who complete this process by 1:30 p.m. Eastern on business days may still receive funds on the same day, but some banks may not disburse the funds until the next business day. Other restrictions may apply. Certain financial institutions do not support same day funded transactions. When Same Day Funding is not available, funding will occur the next business day.