Get A Quote In Minutes
It takes just a few minutes to get a quote for $150 or more. Just enter some basic information and get a fast loan decision. It is free, secure and you are under no obligation.
The $150 Loan Process
Getting a loan for the money that you need is simple. It just takes a few steps that you can complete in a minute or two. Soon, you will have your $150 loan offer and can go about your business. Ready to get started? Here is what you need to do first.
1. Start With The Quote Form
If you want to get a quote for $150, your first step is to fill out our short loan quote form. It is located at the top of the page. All it asks for is basic contact information, information about your income and bank info so that your lender can deposit money directly into your account if you accept a loan. The form is secure so you do not have to worry about the privacy of your information.
2. Send Your Information To The Network
After you complete the simple quote form, accept the terms of service and send your information to the network. When you hit submit, your information will be transmitted securely to our network of lenders It will go from lender to lender until one is found that wants to make you an offer for a $150 cash loan. This is the greatest benefit of getting a quote through Loan Monkey, your odds of approval are higher. Instead of having to apply at multiple lender sites, you fill out one form and it goes from lender to lender until you get an approval. All of this happens in a matter of minutes.
3. Receive A Loan Offer
Once you are approved, a lender will send you information about your offer or you will be directed to their website where you can read the information. At this time you should review all of the details of the loan. Pay particular attention to the fees that you will be charged and the due date. Loans are serious matters and you must know exactly what you are getting into.
4. Accept Your $150 Loan
If you like the terms of your loan offer and agree to them, you can now accept your loan. Upon acceptance, your lender will begin the process of funding your loan. In most cases, your loan will be deposited directly into your checking account the next business day. Deposits can be delayed due to holidays or weekends. Your lender will get the money to you just as soon as possible.
Must Know Info On $150 Loans
Before you take out a loan for $150, there are some things that you should know. Loans, like all financial matters, should not be entered into lightly.
Payday Loans Have High Interest Rates
Depending on your qualifications, you may be offered a payday loan or an installment loan.
With payday loans, lenders charge fees based on the amount of money that you borrow. For example, they might charge you $15 or even $20 per hundred dollars borrowed. This might not sound like a lot but if you calculate the interest rate, it is typically around 400% or higher. This is due to the very short loan terms of under two weeks , in most cases.
So, why the high interest rates? Easy, it is because these are high risk loans. Think about what these lenders are doing for a minute. They are giving people $150 or larger loans using very limited qualifications. They are also often ignoring bad credit information. Without the high interest rates, no lender would be willing to make these loans.
Payday Loans Are Very Short Term Loans
These are not long term loans at all. Most lenders ill make the loan due on your next payday. This means that you have very little time to get your finances in order and, in most cases, will not be able to spread the loan out over any length of time. Because of this, you need to calculate your future expenses so that you are sure that you will be able to repay the $150 loan.
If you take out a loan and then find out that you will not be able to repay the loan on time, most lenders will allow you to extend the loan. This will almost always come with fees. If you find yourself in this situation, you need to contact your lender just as soon as possible. The rules for extending a loan vary by state so contact your particular lender for details.
You May Have Other Cash Alternatives
It is entirely possible that you have other alternatives besides a payday loan. First, consider asking a family member for the money. Friends are also another good source of a free loan. Just be careful and courteous when borrowing from someone you know. Other sources of money include selling property or perhaps getting a fast part time job. Check your local paper for places that need help for a day or two and might pay cash. This could be day labor or perhaps a company needs you to hold a sign on the street corner.
Besides borrowing $150 or selling something worth that amount, you can also try to cut your ordinary expenses. You might put your cable/satellite service on hold or perhaps call your credit card companies and ask if you can make an interest only payment. Have an auto loan? Call them up and ask to defer a payment.
Hopefully, the information that we have presented you with here has been useful in satisfying your need for money. If you have any questions at all about the process of applying for a loan or our loan network, please contact us.