Questions & Answers
Payday loans are typically short term cash advance. It is subject to be backed by the future income. Usually, the terms for these loan products might be 30 days or less.
Payday loans aim to support the people who need money quickly within their financial emergency.
The Shinyloans.com is not a lender and shall in no way be construed as such. The Shinyloans renders a loan connecting service. We do correlate the customer-applicant that seeks for financial support with potential independent, third party lenders who might provide the loan.
You start by simply filling out the respective loan request form. The information provided is then been shared with third party lenders who observe it and may make a loan offer for you. You are not obliged to accept the loan offered. But if you accept it, the lender will provide you with the relevant instructions and guidance to do so. Every lender has its own terms and conditions. You are advised to review and consult the applicable terms and conditions before accepting the loan-offer.
If any questions regarding your loan, please, contact your lender.
Registering with the Shinyloans.com is free for consumers. The Shinyloans is being paid by the independent, third party lenders for rendering referral services.
Payday loans are usually between $100 to $2500. You do complete your loan request, and if you receive a loan offer, it may or may not be the amount you requested. Loan offers may vary due to various reasons including but not limited to the individual lender, employment, income and other factors.
One of the best features of a payday loan is that it is provided quickly. The transfer to your bank account can happen as early as the next business day. But again, time and other relevant conditions might vary depending on your lender and other factors. In case of any additional queries, please, contact your third party lender.
Minimum requirements may vary from lender to lender. However, the following are the typical basic requirements:
- Be at least 18 years of age or more
- Have a checking or savings account with direct deposit
- Have regular income of at least $2500 per month
- Must not be a regular or reserve member of the Air Force, army, Coast Guard, Marine Corps, or Navy (or a dependent thereof), serving on active duty under a call or older that does not specify a period of 30 days or less.
In order to be registered with the Shinyloans, you will be asked to provide information relating to some banking, employment, and personal details. Please, note that the third party lenders may perform a credit check or use other relevant means to verify the authenticity of the information provided.
No guarantee if provided in terms of your loan request approval by the lenders within our network.
The Shinyloans.com is not a lender and shall in no way be construed as such. Each independent, third party lender has it provides its own terms and conditions, whereby all the issues, including ones that refer the repayment periods, are determined. In case of any additional queries, you are advised to contact your lender.
Each lender has its own renewal policies, and every state has its own legislation regulating the automatic renewal of payday loans. Please, consult the loan renewal process and relevant policies with your lender. Typically, additional fees and interest are likely to apply for the loan renewal.
Each lender has its own implications of late payments and non-payment of the loan. Please, be fully aware of all the relevant implications of late payments and non-payment of the loan, as well as be fully aware of any and all possible consequences in case of late payments and non- payment of the loan.
The Shinyloans.com is not a lender and shall in no way be construed as such. Each lender has its own implications of late payments and non-payment of the loan.
Typical penalties may include:
- Addition of late fees
- Your account being forwarded to collection agency
- Report your lack of payment to a consumer credit agency (thereby lowering your credit scores)
- An offer to renew your loan, which will result in additional fees and/or interest.