How it Works
Securing a loan is a breeze with safeloansbyphone.com. Simply complete a single, user-friendly form on safeloansbyphone.com, and we'll forward your request to our extensive network of lenders. Loan amounts vary from $100 to $5,000 (specific amounts depend on lender programs and your state of residence). You can expect a prompt response from one of our lenders, often within minutes or the same day.
Upon loan approval, you'll be directed to the lender's website to review the terms, including comprehensive information on applicable rates and fees. If you agree to these terms, the lender will promptly deposit the funds directly into your bank account, potentially as soon as the next day.
Most lenders have the following requirements to be approved:
To be accepted by most lenders in our network, you should:
- Be employed at your present job for at least 90 days.
- Be a US citizen or a permanent resident, and over the age of 18.
- Have an income of around $1,000 per month after tax deductions.
- Have a checking account in your name.
- Provide a working telephone number for your home and work.
- Provide a valid email address.
Quick Inquiry Process
Utilizing our secure technology, we'll identify a lender within our network who is willing to collaborate with you based on the details you provide. Once we have a lender prepared to assist you, they will reach out to request any additional information they may require, such as employment verification, pay stubs, and other necessary details.
Cash Sent Directly to You
Once your lender has processed and approved your request, funds will be directly deposited into your bank account. This eliminates the need for a visit to the bank to endorse and deposit a check or incur check-cashing fees.
Private and Secure
We use industry-recognized security and advanced encryption technology to protect your personal information.
Automated Repayment
By granting authorization for your lender to conduct automatic withdrawals, commonly referred to as "ACH transfers," your loan payments will be seamlessly deducted directly from your bank account. This ensures that each payment is punctual, alleviating concerns about missing any payments or incurring late fees.
Late Payments
Late payment policies may vary between lenders. It is essential to carefully read and comprehend the loan agreement, as well as your lender's policy on late payments, before agreeing to the loan terms. Some states may have legal limitations on late fees, while in other states, late payments could empower the lender to impose fees and potentially accelerate the loan, making it due in full immediately.
IMPORTANT: Prior to accepting a loan, ensure that you can meet your loan payments promptly and in full. We advocate for the responsible use of loans, understanding that you are the best judge of your own circumstances.
Loan Extensions
State law may limit or prohibit a lender’s ability to extend or "roll over" your loan. Consult with your lender if you need a loan extension.
Loan Default
If you can’t make your loan payments on time, you may be in default of your loan obligations. Late payments and loan defaults have the potential to negatively impact your credit, making it challenging to secure future loans.