FAQ
Snap Loans Cash is a free, secure marketplace that submits your loan request to a network of reputable lenders. While we’re not a lender and do not make credit decisions, we help connect you with potential lenders who may meet your needs.
If your question isn’t covered below, feel free to contact us and we’ll get back to you promptly.
Note: If your question concerns an existing loan—such as approval status, payments, or loan terms—please contact your lender directly.
Since Snap Loans Cash is not the lender, we cannot assist with specific loan issues.
General Questions
What is a personal loan?
A personal loan is a type of unsecured loan designed to provide short-term financial relief for various needs such as bills, emergencies, or other expenses.
Who can qualify for a personal loan?
Eligibility requirements may vary by lender, but typically include:
- At least 90 days of employment or a reliable source of income
- U.S. citizenship or permanent residency
- Minimum monthly income of $1,000 after taxes
- Valid email address and working phone numbers
How much can I borrow?
Loan amounts vary based on your state and the lender’s criteria. Many lenders in our network offer loans ranging from $100 to $5,000.
How will I receive the loan funds?
Once your loan is approved and you accept the terms, funds are typically deposited directly into your bank account—often as soon as the next business day.
Can I get a loan with bad credit or bankruptcy?
Some lenders may work with applicants who have less-than-perfect credit or prior bankruptcies. If a personal loan isn’t available, we may connect you with short-term lenders who offer alternatives.
How long does the process take?
Filling out our secure online form takes just a few minutes. After submission, you’ll typically receive a lender response within minutes. Final approval and funding may take 24 to 48 hours.
Do I need a printer or fax machine?
Usually no. Many lenders can verify documents electronically. However, some may request scanned copies of pay stubs or bank statements. If needed, you can use services like FedEx Office, UPS, or other print centers.
Is there a cost to use SnapLoans.cash?
No. Our service is completely free to use. If you accept a loan offer, any associated rates and fees will be disclosed clearly by the lender before you sign.
Loan Management
Can I take out a new loan if I already have one?
Possibly. It depends on your state’s regulations and the lender’s policies. Always inform your new lender about existing loans before accepting a new one.
When and how do I repay my loan?
Most lenders offer ACH payments, where your payment is automatically withdrawn from your bank account on the due date. This helps you avoid late fees and missed payments.
What happens if I miss a payment?
Each lender sets their own late payment policy. Review your loan agreement or contact your lender directly. Some states may limit late fees.
Can I get a loan extension or rollover?
Extension policies vary by lender and by state law. Some states permit multiple rollovers, while others prohibit them. Always contact your lender before missing a payment to explore your options.
When can I apply for another loan?
You may submit a new request anytime (subject to state laws). If you currently have an outstanding loan, inform your new lender before proceeding.
What happens if I can’t repay my loan?
Failure to repay may result in loan default, which could negatively impact your credit score and limit future borrowing options. Contact your lender immediately to discuss potential solutions—they may be able to work with you.
Security & Privacy
How is my information protected?
We use advanced encryption and industry-standard security protocols to ensure your personal and financial information remains secure. For full details, please review our Privacy Policy.
Have more questions? Don’t hesitate to reach out to us — we’re here to help.