ExtraLend Loans Review

ExtraLend personal loans online is an excellent resource if you need income to pay personal bills before your next paycheck. In this article, we will cover all aspects of ExtraLend, discussing as much information as possible here. At the end of this comprehensive guide, you will know whether this company can help you get loans online.

Personal Loan

Personal loans are meant to be used during a short duration of time when needs come up. This can be anything like needing to pay for a wedding or medical bill. Many people choose to take out a personal loan through ExtraLend because there is no commitment involved. Simply apply for a short-term personal loan and instantly have the money to pay for your individual needs. In addition to paying back the amount taken out, you are also responsible for other costs like the annual percentage rate. In most instances, credit is not essential to qualify; however, it does determine how much you end up paying back.

Payday Loan

Payday loans through ExtraLend benefit customers in so many ways. For one, individuals are given the ability to receive cash before their next payday. Also, they are approved in only minutes. This means that there is no long wait time that extends to weeks. Emergency bills that come up, such as unexpected auto or medical bills are covered within the same day—concerned about bad credit? If you have less than perfect credit or even no credit history, payday loans are very accommodating. This means that anyone can take out a loan as long as you have a current job and a valid ID. Use payday loans to get cash fast while waiting on your paycheck.

What Is The Process For Borrowing From ExtraLend?

Applying for a personal loan through ExtraLend is very easy. All you need to do is follow these steps.

• Log into their official website.
• Complete the online form. This only takes a few minutes. The website is 100% safe with your sensitive details, as it is covered by the best in security software. There are no fees attached to applying.
• Get approved with a lender. This is a quick process! The moment your application is approved, you will be connected with a bank that best suits your financial situation. Bad credit or lack of credit history is not a problem at all. There is always a lender willing to help you get the loan you need.
• Get your money deposited. Now, all that is required of you is to complete the e-sign documents provided. Shortly afterward, you will receive funds within the next business day. If you choose to opt-out, there are no fees attached.

Online personal loans are a convenient way to receive funds quickly for emergencies that often come up. When you apply through ExtraLend, you can receive anywhere from $1,000 – $5,000 each time. As you open the application, you will find several options. The first one allows you to borrow from $1,000 – $2,500. The next option allows you to borrow from $2,500 – $5,000. The amount you choose is up to you. Keep in mind your personal financial situation. Also, be aware that, when paying back the loan, you will be responsible for extra fees as with any other lender.

Are There Any Additional Rates & Fees With ExtraLend?

Additional fees are always included when borrowing from a lender. ExtraLend Online does not provide the exact APR (Annual Percentage Rate) that you may be responsible for paying. The APR is personalized and calculated based on several factors. This includes the lenders’ requirements in place, credit, the state in which you are applying, and the type of loan. Your APR rate will be given to you while the loan request is processing.

Although ExtraLend cannot give you an upfront rate, you can consider the APR on a typical short-term loan. Depending on how the APR is calculated (and other factors), it usually is anywhere from 200% – 2,290%. These rates can also depend on any late payment fees, loan renewals, and the duration of the loan.

What If I Am Late On A Payment With ExtraLend?

It is always ideal to pay off personal loans on time. If you are unable to, there are few things to be aware of:

• Keep in mind your loan agreement terms. This will help you understand the terms, fees, interest rates, and any other details your lender has required of you. This information may vary based on which lender you choose and your financial situation.
• Your lender has the right to debt collection practices. The ExtraLend network does not share your debt with other agencies. However, they will pursue collections by phone call, email, text message, or postal mail. Also, the ExtraLend network does not attempt intimidating tactics such as threatening criminal charges or litigation.
• Failure to pay will impact your credit. Be aware that lenders have the right to report negative payment history to any (or all) of the credit agencies. Failure to pay can negatively impact your score and show in your credit history until other actions are taken.

Is ExtraLend A Notable Loan Company?

Anyone who is searching for a personal loan lender online will be skeptical about the many options available. This is entirely normal. ExtraLend is 100% legit. Many online testimonials attribute to the agency’s ability to work with bad credit, approve applications within the same hour, and send money fast.

It is easy to apply for a personal loan online. Simply visit the official website extralend.com. Click the ‘Online Form’ tab at the top right part of your screen. (This will lead you straight to the application). Next, take a few minutes to fill out the form. Include your updated information to ensure that your application does not experience delay. Lastly, wait only a few minutes for approval. It’s that simple! Your approved application will connect you with a lender that will further discuss additional requirements, such as loan terms and fees that apply.

Requirements for ExtraLend Personal Loan

There are few things you will need to apply for an ExtraLend personal loan. Thankfully the difficult process of qualifying has been removed. Almost anyone can apply for a loan through ExtraLend. However, to qualify, you must:

• Be 18 years old or older to apply.
• Live in the United States
• Have proof of regular employment
• Be employed at this job for at least 90 consecutive days or receive benefits
• Have an active point of contact (phone number or email address)
• Have a bank account in the name of the person applying

What States Provide Loans Through ExtraLend?

Not all states offer ExtraLend services. However, the locations that do include are Georgia, Arizona, West Virginia, Arkansas, Oregon, North Dakota, Washington, and New York.

What Documents Are Required To Get A Loan Online?

Qualifying for a personal loan through ExtraLend can be easy. You can get the cash you need in the quickest time. This will depend on having all your documents ready for review. These documents are easy to share on the application. They include your government-issued ID, proof of income, banking information, current address, Social Security number, birth date, and credit. Applicants may be required to provide additional details.

What If I Want To Get Payday Loan In-Store?

If applying online is not your best option, you may visit in-store locations. The requirements to qualify for a payday loan is almost the same as online. You will need a

• Government Issued ID
• Proof of Income
• Social Security Number
• Active Bank Account

The only additional information required would be to provide a personal check (if prompted). Otherwise, the process is almost the same. However, approval may take longer. Additionally, other factors could make applying online easier and a much more convenient option for you.

Are There Hours For ExtraLend?

To make the process much easier, ExtraLend provides services online. This means that not only is it way more accommodating, but also there are no set business hours. However, they are closed on weekends. Nonetheless, you can apply for a personal loan at any time. The official website is accessible 24/7. Additionally, the site shares the email address and telephone information that help connect you with the help you need.

Final Reflections

Applying for a personal loan is much easier and more convenient. Sometimes you need extra cash to pay personal bills while waiting on your paycheck. Many people depend on this method, especially in emergency cases where a need must be met quickly. Taking out a personal loan with ExtraLend is an excellent idea for those who do not wish to commit to a long-term loan and need the money now. Also, for those who have bad credit (or even no credit history), the possibility of qualifying is great. In a world where you must have excellent credit to gain access to certain things like home and auto loans, online personal lending takes a load off. However, it must be noted that other fees do apply when taking out a personal loan through ExtraLend. The Annual Percentage Rate (APR) and other factors can increase the amount to pay off the loan. Personal lending through ExtraLend is 100% safe and worth the try.