Payday Loans in Granville, Ohio
Things happen, and we usually find ourselves in a spot where we must pay for some unexpected expenses. Consider applying for a payday advance loan in Granville, Ohio, to see if you qualify.
The loan process is quick and straightforward. To be eligible, loan borrowers have to satisfy a few basic conditions.
What is a Paycheck Advance Loan? What Can It Be Used For?
A cash advance loan is where the borrower will get a small sum of funds on a short-term basis. This is considered an unsecured loan due to the fact that no collateral is needed.
When unexpected financial needs present themselves, for example missed rent or utility costs, auto repairs, medical or vet costs, and so forth, people frequently rely upon paycheck advance loans.
Payday Advance Loan Requirements In Granville, OH
In Granville, OH, payday loan borrowers are required to meet a few requirements to be eligible for a loan.
The borrower has to:
- Prove that they are a resident of Granville, OH
- Must be 18 years of age
- Have a steady stream of income that they can prove that's at least $1,000/month
- Give up-to-date contact information like phone number and email address
- Provide their SSN
If a borrower does not meet the above criteria, they will automatically be denied a paycheck advance loan. Make sure you have the documentation required when submitting your application.
Laws and Rules Concerning Cash Advance Loans in Granville, Ohio
The State of Ohio has deemed payday lending legal. Still, they have enacted the below rules and laws for the paycheck advance lending market:
- A single money lender cannot offer a loan for more than $600. Borrowers may not possess more than two active loans from different lenders. There is no minimum loan amount.
- There is no minimum loan term, the maximum loan term length is 31 days. In the State of Ohio, borrowers are not allowed to rollover their loans.
- The fees and charges change for each money lender. The service fees enacted by the lender on each loan or transaction do not fall under interest. The service fees apply to every $100 loaned and can range between 11-15%.
- An interest rate is required to be mutually decided upon. APR can range up to 369%.
Will Paycheck Advance Lenders in Granville, Ohio, Run Credit Checks? What If I Have Poor/No Credit History At All?
Yes, the lenders we work with will perform a credit check on you, still, even if you have no credit or less than stellar credit, you may still be eligible for a loan given that you can show that you are able to repay the loan. Lenders are commonly unbothered by your credit history if you possess proof of income and a plan to repay the loan.
Lenders will perform a soft credit check, which will not impact your credit score. This is only to get a feel of your credit history and general information.
A hard credit inquiry, on the other hand, must have your permission. These credit checks are utilized for a plethora of purposes, including mortgages, credit cards, and more.
You may still be approved for a paycheck advance loan with imperfect credit in Granville, Ohio, as long as you can prove you will repay the loan.
So, when you apply for a loan, whether it is in person or online, ensure that you have your income information available and any other documents showing that you can pay back the loan. The more evidence you show, the better chance you are to be approved.
When Will I Receive My Loan in Granville, OH?
When you see your funds actually depends on your lender as some lenders offer same-day payday loans, which means you will receive your payday advance loan on the same day you apply, as long as you get an approval.
Much of the time, however, lenders will send the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Because of this, if you apply on a Friday, you might not receive your money until Monday.
If you're searching for a same-day cash advance loan in Granville, OH, you will need to make sure you're applying by 10:30 am. Any and all same-day payments going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will boost the likelihood that you receive your deposit on the same day that you apply.
One additional consideration that you should know is even if the money lender approves your application and posts the loan to your bank account, sometimes the bank won't release that deposit at that time. It's important to let your bank know that you plan to receive a payday advance loan, so they might make an exception in releasing the money earlier.
Overall, it's best to prepare ahead of time to receive your funds on the following business day. That way, you're not out of luck if you cannot receive it on the same day.
Think About Borrowing From Us
If you have bad credit or no credit and are needing to get a payday loan, think about applying through us, as you frequently have a higher chance of approval.
We partner with over one hundred different lenders who offer their services online. Frequently you will receive your money on the next business day so make sure that you plan accordingly.
Although, you can always locate the nearest payday loan storefront to you and apply in person to strengthen the chances of getting your cash on the same business day. When submitting an application in person, ensure that you have your government ID or driver's license; a passport is sufficient. Occasionally, lenders may request proof of address, so bring a utility bill to the store too.
To locate the nearest paycheck advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Granville, OH
Below you will find a list of payday loan companies offering their services in Granville, Ohio. If you can't find a lender near your location in Granville, consider applying in a nearby city in Ohio. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Granville, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.