Best Payday Loan USA 2014: 2 of 10: NetLoanUSA.com Review

This Post is the second instalment in the 10 Part Mini Series where I look at the Best Payday Loan companies in the United States (USA). Some of the questions I get asked the most by the Millionaires Giving Money Community in USA is (1) where can I get an online payday loan? and, (2) What is the highest rated payday loans? After responding to some of these emails I decided to make a list of the top ten best payday loan lenders so borrowers could make better informed decisions. In this post I will be reviewing the Payday loan broker NetLoanUSA.com which is considered to be one of the trusted credit brokers in the USA.

Best Payday Loans: NetLoanUSA.com

Key Features of a Typical Payday Loan

The maximum loan amount that NetLoanUSA.com offers is $1000. As a new customer you may not be eligible to the full amount. Existing customers can slowly build their creditworthiness and then be eligible for the full amount. The cost of borrowing $100 varies between $10 and $30. 

The annual percentage rate (APR) varies between 384% and 789%. The reason for the variation in APR and cost of credit is because NetLoanUSA.com have a comprehensive panel of direct payday loan companies all offering different rates and products. 

There are 42 participating states which offer payday loans. The States in which these loans are prohibited include AZ, AR, GA and NC.

Application Process for NetLoanUSA.com

NetLoanUSA.com offers a very simple application process which makes it one of the best payday loan lenders. 95% of the application process is online and the approval timeframe is 90 seconds. The timeframe you have to wait to take out another loan is the same day. 

This means that once you’ve paid off your existing loan you can borrow another instant payday loan the very same day. Direct deposit to checking account is available once you’ve been approved for the loan. You can also opt for same day deposit often by paying a little extra however this varies from lender to lender. 

You can also be approved for the short term loan over the phone which makes it convenient for the less technology savvy borrower.

Repayment Information for the Payday Loan Lenders

The maximum term of the loan varies and you can choose long term and short term loan terms. You can also opt into automatic withdrawal repayment which means that your repayment will be taken direct from your bank account so you don’t have to worry about missing or delaying a payment. 

You can also apply for payment extension. If you cannot make the payment on time you can ask for an extension however this may involve more interest payment and charges. The interest payment and charges vary from lender to lender so it’s important you look at the small print before you agree to the loan. 

You can also roll your loan over however you will be liable for charges and more interest. There is no penalty for paying your loan off early.

Customer Service for NetLoanUSA.com Payday Loan Lenders

NetLoanUSA.com has an exceptional help and support customer service team. You can contact the credit broker via telephone, email, web form and live chat. You can also look through the extensive FAQs to find the answer to your question. NetLoanUSA.com places a lot of emphasis on providing world class customer service to attract new customer and keep existing customers happy.

Requirement to Apply for NetLoanUSA.com Instant Payday Loans

There are some key loan application requirements that must be present if you want to apply for an instant payday loan. You will need a valid checking bank account and a regular pay check schedule. You will also require a social security number and a valid email address. You must be aged 18 or over and have a valid driver license and photo ID. 

There is no need to have a minimum monthly income and the current income requirements vary from lender to lender. No credit checks will be done by NetLoanUSA.com however other direct payday lenders might do their own checks before they lend the money out. There is no need to fax documents over and there is no rule which disqualifies bankrupt and delinquent individuals.

Best Payday Loan Companies NetLoanUSA.com

NetLoanUSA.com is undoubtedly one of the best payday loan brokers. All you have to do is fill out one form in detail which takes around 7 minutes and then NetLoanUSA.com will search their extensive panel of direct payday loan lenders to find you the best deal. The company was founded in Arizona in 2005 and has built a solid reputation as one of the best payday loans company. If you need short term cash and want the best deal it is worth going through NetLoanUSA.com.