FAQ
What is a payday loan or cash advance?
A cash advance or payday loan is a quick, open-ended way to get cash that can help you between paychecks. Consumers can use payday advances to help relieve unexpected burdens without having to deal with bank fees or unfair charges. StellarLoan.com can help you get a quick payday loan deposited into your bank account.
What can a payday loan be used for?
You can use your payday loan for anything you want, whether it's to cover expenses, throw a party, or avoid a late payment.
How much can I receive?
The first loan you take with StellarLoan.com depends on what you write in your application. You can initially borrow as much as $1500, but after your first complete repayment, we can increase that amount for future loans!
How are fees established?
The fees we establish are fair and in accordance with all state and federal laws. Our fees fluctuate between $25 or $30 for each $100 you borrow. For instance, if you were to borrow $300, our fee would be $75 or $90.
How do I qualify for a payday loan?
StellarLoan.com makes it simple to qualify for a payday advance, because we don't check your credit history, as opposed to a traditional loan. All you need to do is meet these easy demands:
- You must have a job or be receiving a source of income
- Your net income must be $1000/month
- You need to be at least 18 years old, and a citizen of the U.S.A.
- Your checking or savings account must be equipped with direct deposit.
What is the procedure to apply for a payday loan online?
All you need to do to get a payday loan is to fill in the application on our website. After that, we immediately work to approve your loan, and notify you about your status.
What information do I need to complete the application?
In order to process your request for a payday loan, please provide us with your name, address, job status, banking information, and a form of picture identification.
Is my personal and financial information secure?
We uphold the importance of your right to privacy, especially when it comes to how you manage your own money. In order to do this, we use a number of security techniques, so as to keep your information private and confidential. All of the information you provide use is protected by 128 bit Secure Socket Layer (SSL) encryption technology.
Is there an application fee?
StellarLoan.com will never require our customers to pay an application fee in order to use our service.
Does submitting an application obligate me to take out a loan?
Of course not! By submitting an application, you are letting us know that you want our agents to take notice of your case, and contact you about your possibilities. You can ask us any questions you might have, and there is no obligation for you to continue the process. If you do choose to continue working with us, you will then confirm that all information you have provided is correct, and officially agree to the terms of your loan.
What if I have bad credit?
Having bad credit is not a deterrent for our company. At StellarLoan.com, we will help you without judgment, regardless of whether or not other lenders may have turned you down. That's why we don't perform credit checks!
Does being a tenant influence my eligibility?
It is not necessary to be a home-owner in order to use our service. We provide payday loans for both renters and owners, without discrimination.
Do I need to fax my information?
The information our company needs to process your loan can easily be provided online, which eliminates the hassle of having to fax us any of your personal information.
Can I have more than one payday loan at a time?
In order to make our service applicable for everyone, we require that all loans be repaid before others are provided, so it is not possible to receive more than one loan at a time.
Do you contact current or former employers?
Our service respects your right to privacy, and so we ensure that no information about you or your loan is shared with anyone, unless it is necessary according to the law.
Do I need direct deposit?
Direct deposit is the safest and most convenient way to provide loans with speed and ease. Because of this, it is necessary that your account has direct deposit in order to qualify for one of our loans.
When will I receive my payday loan?
It only takes us 30 minutes to process your application! After you have been approved, your loan will be available to you by the next business day. Upon receiving your loan, we will help you create a repayment schedule to avoid missing a payment or bouncing a check!
How will I know that my loan has been approved?
You will be notified via your email account as soon as we approve your loan. As new information regarding your application is made available to us, we may use our right to adjust your loan approval, until your loan is deposited into your bank account.
When will my loan be due?
We observe the rules and regulations of loan due dates that are provided by each state. In general, you can expect to repay your loan on your next payday, sometime between 8 and 25 days.
What if I want to pay back my loan early?
If you find that you are able to repay your loan before it is due, you should feel free to contact us! It may be the case that you are able to recover some of your loan fee!
What if I am unable to repay my loan by the due date?
If you find that you are having trouble repaying your loan in time, it may be possible for you to request an extension of your due date. You may repay your loan by using any of the following methods:
- Repay the loan in full by the date noted in your agreement.
- Provide for the finance fee and part of the principle by the date noted in your agreement.
- Just pay the finance fee by the date noted in your agreement.
How often can I get a payday loan?
You can use our service any time you might need help between paychecks. We recommend that all of our customers use their loans carefully and remember that our loans are quick solutions to immediate problems, and not a way to solve regular monetary issues.