FAQ - Getting A Loan Online in Texas

Frequently Asked Questions

1. What is a personal loan?
Though they might be given many different names, personal loans are all intended to provide you with temporary relief from financial difficulties.Though they might be given many different names, personal loans are all intended to provide you with temporary relief from financial difficulties.
2. Who can qualify for a personal loan?
Most lenders demand that you:
  • 1. Have a checking account in your name.
  • 2. Have been employed at your current job for at least 90 days.
  • 3. Are a US citizen or a permanent resident, and at least 18 years old.
  • 4. Have an after-tax income of no less than $1,000 per month.
3. How do you keep my private information safe?
Your private information is protected using advanced encryption technology and industry-recognized security measures. Please review our privacy policy for additional details.
4. How much can I borrow?
Though the majority of lenders in our network will give loans ranging from $100 to $5000, some factors such as legal limitations and your state of residence will determine the amount a lender is willing to you.
5. How long does it take to process the loan?
Filling the secure form on our website should take only a few minutes. Upon receiving your information, we will instantly start searching our network for any lender willing to do business with you. One of our lending partners should respond to your request within minutes. Also, you can expect to get final approval and funding in as little as 24 to 48 hours, if applicable.
6. How will I collect the loan?
Once your loan is approved by the lender and you have accepted the terms, the lender credits your bank account with the loan amount, as quickly as within one business day.
7. What does a short-term consumer loan cost?
Accessing and using TexasLoanOnline.com’s marketplace service is entirely free of cost. Depending on the lender, the real cost of your loan may vary. Information regarding the fees and rates applicable to the loan will be made available to you before you accept the loan. Personal loans are not intended as long term financial solutions but usually cost less than late charges, NSF fees or reconnect fees for overdue utilities. Before accepting a loan, be confident of your ability to repay it without defaulting
8. Will I need a printer or fax machine?
Some lenders will seek your approval to collect information, such as your income verification and bank statement online, eliminating the need for you to email or fax copies of those documents. However, some other lender might demand that you email or fax copies of your pay stubs, bank statement, or other information. You will also need to print a copy of your loan agreement. If you do not have access to a printer or scanner, consider visiting Office Max, Kinkos or any other office service providers. Any questions you have after your loan has been disbursed should be directed to your lender.
9. Can I still get for a loan if I have bankruptcy or bad credit issues?
Personal loans are usually made available to only people with good credit, although each lender has different policies. Individuals with bad credit may consider taking short-term consumer loans. If we are unable to get a lender that is willing to give you a personal loan for your requested amount, we will try to help you look for a short-term lender in our network.
10. If I already have an outstanding cash advance loan, is it possible to get a new one?
You may be allowed to secure more than one personal loan at any given time, but this will depend on your state’s laws as well as your lender’s practices. If you have an outstanding personal loan, you should let your new lender know about it before you accept a new loan from them.
11. What happens if I make a late payment?
Late payment policy and fees vary by lender. To know which apply to your loan, inquire directly from your lender or review your loan documents. Late fees may be limited or regulated by some states.
12. When and how do I repay my loan?
If you chose the hassle-free and secure ACH payment option, repayment for your loan will be automatically drawn from your bank account when it’s due. This option is intended to help you avoid unnecessary stress and the likelihood of incurring late fees as a result of default. If you would love to have your loan extended, please contact your lender; ensure you don’t miss a payment before doing this (there may be extra fees involved).
13. Is an extension possible on repaying my loan, and how many extensions can I get?
Each lender has its specific policies on extensions or “rollovers.” Rollovers are not allowed in some states, while some other states allow multiple rollovers. If you would love to have your loan extended, please contact your lender before you miss any payment. Most lenders are willing to work with you to ensure you don’t miss your payments or default on your loan.
14. When will I be able to get another loan?
You can get a loan at any time using TexasLoanOnline’s service, except when restricted by state law. If you have an outstanding loan, notify your new lender before taking a loan from them

YOUR QUESTION NOT ON THE LIST?

We understand that, as a new customer, you may have questions about TexasLoanOnline.com, which is why we have compiled the most frequently asked questions and their answers above. If you do not find answers to your questions below, we are happy to help with them. Simply fill the form on our Contact Us page, and we will get back to you as soon as possible.

We are not the lender, nor do we provide lending services, and as such, we cannot answer questions about approved or pending loans. If your question has to do with either of those, kindly contact your lender directly.