How We Operate
LendMe1000.com has one primary aim - to ease your financial situation connecting you with a loan provider, in the fastest and most efficient manner possible. For us that means one easy online process!
Unlike traditional lenders such as banks or loan storefronts, you are not required to meet the lender in person, over the phone or fill out reams of paperwork.
Installment loans can vary between a short or longer term commitment depending on the amount borrowed and the length borrowed for. There is no collateral required, and repayments are made in equal installments over the course of a set period of time - usually no longer than 3 years. As with all forms of credit we advise you to borrow responsibly.
Of course not everyone who is connected with a lender will be approved for a loan. This may be because the amount they wish to borrow is more than they can afford (based on the information provided), they have an exceptionally bad credit history and lots of debt currently outstanding, or the information they input is inaccurate, incomplete or cannot be verified. There are also some basic requirements you must meet to be eligible, such as being over 18 and a US citizen. To view these requirements and see answers to other commonly asked questions please visit the FAQ page.
One Simple Online Form
Completing our online form should take no longer than a couple of minutes. If you are matched with a lender you will receive an offer from that lender with the terms and conditions of the loan. Everything is automatic and involves checking public records and making some simple calculations based on the information you provide. Your income level, current outstanding debts and other info will play a part in determining how much is offered and the terms of the agreement. Our lenders offer amounts between $100 and $5,000, and then loan duration can be as short as a few weeks and as long as 3 years.
Once you sign the agreement the transfer process will begin at the next quickest opportunity. Within the working week you'll usually see the funds in your account within 24 hours, but there may be other factors that might delay things slightly.
To ensure you get the money quickly:
- Apply within the working week and before the end of the working day - 9am to 5pm. Banks are not always open at the weekends, so applying on a Saturday may delay the deposit until Monday.
- Complete the application fully and honestly. If information can't be verified you may need to provide further documentation.
- Remember that certain days in the year are designated national bank holidays and no transactions will take place that day.
At LendMe1000.com there are no hidden fees or misleading information, and by law our lenders must provide you with the loan agreement that outlines all the terms associated with the loan. This will include the amount offered and for how long, the interest rate (APR) and any other fees, the repayment schedule (dates and amounts for each installment), and any renewal or extension policies, in case you run in to trouble paying the loan back. You can learn more about how much the loan could cost you on the Rates and Fees page.
By signing the agreement you authorize the lender to withdraw repayments from your designated bank account as per the schedule. This is an automatic process, so be sure to have enough funds every month to cover the transaction. If you wish to repay the loan early the policy on this can be found in the loan agreement. You may save on interest by repaying early.
We advise that you read through this site fully so you properly understand what is outlined in the loan agreement. Failure to comprehend the terms is not an excuse should you end up defaulting. Of course you do not have to accept the offer and can walk away at any time before digitally signing the agreement. Only then will the contract become legally binding and the money deposited in to your account.
Non or late payment may result in the following consequences:
- Added fees, as well as interest for the remaining time that the debt is outstanding.
- Collection proceedings attempting to recover what is owed, such as emails, telephone calls and letters.
- A black mark on your credit report letting other lenders know you failed to meet the obligation, making it harder to obtain credit in the future.
Ready to begin? Tap in to our network of more than 100 lenders with our simple form!