Apoloan is one of the best payday loan sites online. If you're looking for quick cash loans, Apoloan allows you to get approved even with poor credit scores. Their approval process is almost instant and you receive the funds within 1 business day.
- Industry-low rates
- Get approved instantly
- Borrow up to $1,000
- Flexible repayment terms
- 100% online application
- Receive funds in 24 hours
- Taking too long to repay can cause steep interest rates
As one of the best payday loan sites online, Apoloan is certainly worth considering if you need quick cash loans. Our Apoloan review will cover their application process, the time required to access the funds and how to repay. If you’re looking for a cash advance online, you should definitely consider Apoloan.
Applying for a Payday Loan at Apoloan
One of the best things about Apoloan is their swift application process, which makes it simple for you to fill out the entire form in just 5 minutes. They like to keep things simple and since they offer payday loans for bad credit, they don’t accord as much importance to your credit history. This makes it simple for you to get approved even if you have a credit score as low as 400.
Their form asks you the basics such as your address, employment history and a few additional details. This is to ensure that you can actually repay the loans. While Apoloan does not require a high credit score to get approved, you do need to have some sort of income on a regular basis. People without any employment will be turned down instantly.
Getting approved takes minutes, sometimes up to an hour. Apoloan is not an direct lender; they work with dozens of different lenders in order to get you approved with the lowest rates. Finding the perfect lender for your specific situation usually takes minutes, but it can take up to an hour.
Once You’ve Been Approved
Once approved, you will be presented with the offer and the contract, which you should fully read over. You have no obligations to go ahead with the loan if you find the offer to be unsatisfactory. However, if you do choose to proceed, you can sign the contract electronically. From that moment, the funds will be wired to your bank account within 24 hours.
Every time you’re approved for a loan, you will receive it within one business day or less. They guarantee that it will never take more than one business day. This makes it an excellent option if you need fast payday loans for emergencies.
Repaying the Cash Loans
The repayment process is incredibly simple with Apoloan. You can choose to either send in a check for the full amount of the loan along with the interest fees on a predetermined date or you can choose to have this amount automatically withdrawn from your account. This date will vary depending on the amount of your loan and the lender you are matched with.
Most lenders have flexible repayment terms and will be able to work with you to determine the best repayment date. As a small cash loan, you will only have one payment to make. In most cases, you can choose a date a few weeks laters, but if your credit score is very poor, you might only be given a week to repay the loan. However, this is only with terrible credit scores.
In order to write an honest Apoloan review, we went ahead and borrowed the maximum amount possible; $1,000. The application process went smoothly and we received the funds exactly 17 hours later. We decided to opt for the automatic account withdrawal for the repayment and as stated in our contract, the amount was taken out of our account on the correct date.
While payday loans are not ideal for all situations, they can definitely give you a helping hand if you’re in a tight situation. If you need emergency funds or quick cash for personal reasons, we highly recommend checking out Apoloan!