When you want to take a loan, there are many options that you would need to consider. The type of loan you want to take would also go a long way to influence your options. If you want to take a loan to buy a car or build a house, you would be looking for a long time loan. In most cases, your best bet would be to approach your bank and you might be asked for collateral or provided a mortgage loan. You will be allowed to pay back such a loan for a very long time that could be as long as 40 years. On the other hand, if you are looking for a short term loan, chances are that you are looking for a small amount of loan that you would be able to pay back by the time you get your next paycheck. This type of loan is referred to as a payday loan and you would be expected to pay back within 30 days. This is because you are specifying you would pay back once you get your next salary if you specified a payday loan. Furthermore, it is expected that you should get your next salary within 30 days. There is also an installment loan that allows you to take more than a month to pay back the loan in percentages until you complete the loan. While the payday loan is normally below $1000 the installment loan is usually between $1,000 and $5000. One of the best options you might want to exploit when you want a payday loan or short term loan is online instant loan platforms. One of the platforms that you might want to patronize if you need a payday loan or short term installment loan is LendYou. However, you should read honest customer review about LendYou to know what their other customers are saying about them before you patronize them.
About LendYou LendYou is a company that connects individuals looking for payday or short term loan with third party lenders. The implication is that LendYou as a company does not give out loans directly, they are more of a connecting service that helps those looking for loans to find lenders. Their services can be easily accessed on mobile devices and computers that are connected to the Internet. The implication is that an individual can apply for such loans from their current location. They claim to provide fast, real-time services where the lender will provide an offer to the consumer with the loan’s terms and conditions. The individual who wants the loan will be able to read through the terms and conditions before deciding to decline or accept the terms of the loan. The consumer can get the loan as soons as the next working day.
Services Offered by LendYou.com
Customers register online from your home computer or any mobile device on LendYou.com website. Because the process occurs in real time, it’s very fast. If you are connected with a lender you will receive an offer from that lender with the terms and conditions of the loan. If you agree with the terms the loan is transferred to your account as soon as the next business day. Customers can learn more on the rates and fees charged by LendYou.com by contacting their customer support who will gladly take you through each of the requirements.
The services of LendYou include connecting people looking for loans with those who want to give out loans. In most cases, the third party lenders will have their requirements to give loans. However, the minimum includes being 18 years of age, having a valid checking or savings account with direct deposit, at least $1,000 income per month, and not serving in the military or dependent on someone serving in the military.
Peer-to-Peer Lending (AKA P2P Loans or Crowdlending) Explained in One Minute
Complaints and Feedback about LendYou
If you have ever gotten any loan from LendYou, kindly drop your experience & feedback for the company here. How easy was it to get a loan on LendYou? How quickly were you paired with a third party lender? Were the terms, conditions, and interest rate of the third party lender reasonable? After agreeing to the terms, how quickly did you get the loan? Do you have any tips for anybody that wants to get a loan through LendYou? Would you recommend LendYou to others?
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Very helpful, I have used their services many times.Some day small and some times highest of limits.All format is simple and secure. I am a seller of food items and face late payments from regular customers but i need to buy raw materials every day.This kind of supportive system always help middle class customers. They are available all the time Because I am a regular borrower ,of course not big amount always maximum one thousand mostly.Rarely I need to apply for higher amount . Easily get and timely repay.This is all about this service provider.One thing is always important-credibility of applicants in the market.