Frequently Asked Questions
1. Q. Who can qualify for a cash advance or personal loan?
1.1. Should be employed in your current position for at least 90 days
1.2. Should be older than 18 years of age, should be a US citizen or a permanent resident
1.3. Should have a minimum income of $1000 each month after tax deductions
1.4. Should have a valid email address, work and home phone number
2. Q. What amount could I get?
You could get anywhere from $100 to $5000. The approved amount will be predetermined by the lender.
3. Q. How is the money given?
Once your cash advance has been approved the money is wired electronically to your checking account of choice.
4. Q. If I have a bankruptcy or bad credit could I still get the loan?
Yes, you could still get it despite bounced checks, charge offs, bankruptcy and also credit related issues.
5. Q. How long will it take?
It could take as few as just 2 minutes to process the duly filled form. You could get your loans within one or few business days.
6. Q. Will I need a printer or fax machine?
You should have a printer in order to print out the loan documents. Also, the lender who receives your inquiry will also need for you to fax over the information to them. Information such as your bank statement and a pay stub will need to be faxed over. If you do not have a fax machine you can always use ones available at Office Max, Kinkos, Mail Boxes, and Stables etc.
7. Q. What is the cost?
There is no cost to use ImperialLoan service. The fees of the loan will vary depending upon the amount and the lender. The lender will inform you of the fees for the loan which may vary depending on the lender.
8. Q. If I have outstanding cash advance loan is it possible to get a new one?
Yes, you may qualify, even if you have another outstanding loan you can still qualify. But you'll need to be sure to disclose this outstanding loan to the lender.
9. Q. When and how do I repay this loan?
Both the loan fees and the amount are withdrawn directly from your checking account once the due date has been reached. You will not have to think twice about it! This saves you from having to visit any store. An extension can be requested by contacting your lender prior to the due date. But there will be additional fees which apply to the extension.
10. Q. What are the implications of Late Payments and consequences of Non-Payment ?
Implications of late payment : - There are different policies followed by different lenders in our network. It is advised that you review the policies pertaining to late payment often found in the lender's documentation prior to inserting your e-signature on that document. However, many states have laws that dictate how much lenders are allowed to charge for late payment.
Consequences of Non-Payment : - Lenders are free to pursue collections after the due date of their accounts to the fullest lawful extent. You may face charges and extra fees in the event that you don’t reimburse on time.
11. Q. How is my private information to be protected?
We use state of the art security systems. All your private information is kept securely in an encrypted format to ensure your security and privacy. More details can be found by reading our privacy policy.
12. Q. When can I get another loan?
Usually, after 2 hours you can request again. However, if you have already previously been approved for a loan then ensure that this info has been disclosed to the lender.
13. Q. Is an extension possible on repaying my loan? And how many extensions can I get?
The state laws on this differ and dictate if a lender can grant you an extension often referred to as a 'rollover'. While some states allow for multiple rollovers, others do not allow it at all. You should ask your lender about anything concerning rollovers/extensions. Also, make sure to contact your lender with an extension request prior to the due date of your payment. If you do not do it in time the lender will charge you an additional fee and ask for immediate payment of the remaining balance. Also, additional fees and other charges may be levied on you if you default.