We does not charge the consumers any fees and there is no fee to apply online. OUR SERVICE IS FREE.
The online application form for quick and high acceptance loans requires you to fill in few details.
Once instant loan approval, the money transferred to your bank account on the same day.
With a quick application and an expansive lender network, ZocaLoans is an ideal solution for customers looking for funds in a hurry. ZocaLoans’s preapproval process helps customers match with lenders more easily, taking some basic details and searching through the extensive network of partners to find those loan providers that are most likely to offer favorable terms.
This model has the added benefit of giving customers additional choices and lowering the cost of financing as lenders compete for a borrower’s business. ZocaLoans is also a great service for those customers who prefer multiple options and elect to shop around for loans, but do not have the time or means to visit a variety of different lenders individually.
With ZocaLoans, customers can apply for loans that range in amount from $100 to $1,000. The company is not directly a lender but its network of reliable loan providers is suitable for a wide range of customers with specific needs. The preapproval process only takes a few minutes and is powerful enough to get customers matched to the best solution swiftly. To get started, users can simply fill out a straightforward form on ZocaLoans website. This application only asks for essential personal information and some financial basics and avoids requesting sensitive data. We were happy to see that the company also does not perform a credit inquiry which in many cases can impact a user’s credit score and affect their odds of receiving favorable terms.
Once the application is completed, customers will be preapproved in a matter of seconds and start seeing the offers available from ZocaLoans lender network. Customers should keep in mind that any terms and rates shown on the website are set by the specific loan provider and we do not guarantee these terms. Final negotiations and agreement on terms happen between the customer and the lender they select from the list of potential matches.
ZocaLoans does not charge the consumers any fees and there is no fee to apply online. If approved for a loan, your lender will present you with the exact fees and interest rate of your loan prior to your acceptance of the loan. ZocaLoans is NOT A LENDER and cannot predict the exact fees and interest of the loan option presented to you. You are under no obligation to accept the terms presented to you by the direct lender.
Loan amounts vary from $100-$1000 depending on state legal maximums, approval amount is determined by the information provided on your application and any available payment history.
With a quick application and an expansive lender network, ZocaLoans is an ideal solution for customers looking for funds in a hurry. The ZocaLoans pre-approval process helps customers match with lenders more easily, taking some basic details and searching through the extensive network of partners to find those loan providers that are most likely to offer favorable terms. This model has the added benefit of giving customers additional choices and lowering the cost of financing as lenders compete for a borrower’s business. ZocaLoans is also a great service for those customers who prefer multiple options and elect to shop around for loans but do not have the time or means to visit a variety of different lenders individually.
Often, you see APRs listed for payday loans as high as 600%. Because you pay the loan back in two weeks to a month, the APR serves mostly as a gauge of how expensive the loan is. Payday loans charge a finance fee, which ranges from $10 to $30 for each $100 you borrow. We chose to include this fee rather than APRs to give you a better idea of how much you’ll end up paying if you decide to get a payday loan.
Payday loans rate and fees are different in any states. Many states severely control the payday loans industry, and in a few states, they are not legal at all. Being familiar with the laws will help you detect whether a loan operator is legit or simply trying to scam you. To be fully informed, check out the legal status of payday loans by state.
Payday loans range in size from $100 to $1,000, depending on state legal maximums. The average loan term is about two weeks. Loans typically cost 400% annual interest (APR) or more. The finance charge ranges from $15 to $30 to borrow $100. For two-week loans, these finance charges result in interest rates from 390 to 780% APR. Shorter term loans have even higher APRs. Rates are higher in states that do not cap the maximum cost.
|Loan Amount||Fee Amount||Total Payment||APR%|
Remind: This is Not True Rate & Fees. It's example of loan 14 days, Total Payment and APR%. Payday loans Rate and Fees are different in your state and depend on Direct Lenders. If you need to know true Rate & Fees please contact your Lender.
Unlike most loans, which require a minimum credit score for acceptance, payday loans don’t have any credit requirements. To apply, you need to present proof of income and a checking account, but the lender doesn’t look at your FICO score. Likewise, records of timely payments don’t appear on your credit report. So, a payday loan can’t help you build credit, and applying for one doesn’t impact it, either.
However, there are ways these loans can affect your credit, especially if you can’t keep up with your payments. Part of getting a payday loan involves leaving a post-dated check, or giving the lender access to your checking account if you apply online. When the loan comes due, the lender deposits the check or withdraws what you owe. If you don’t have enough in your account to cover the amount you owe, you could bounce a check or overdraw your account.
Bounced check and overdrafts don’t adversely affect your credit score, but they can prompt lenders to send your loans to collection agencies. Debt collection agencies tend to report unpaid debts to credit reporting agencies. Collections agencies can also sue you over unpaid debt, which can also lead to those debts appearing on your credit reports.
Some short-term payday loan alternatives offered by credit unions and lenders do report to credit agencies. If one of the reasons you’re using payday loans is because you have poor credit and can’t get approved elsewhere, these options might be worth looking at.