FAQs
Installment Loans
An installment loan is an unsecured, short-term loan to help you out with emergency expenses. People choose installment loans to handle life’s unexpected events, such as car repairs, home repairs, or other short-term needs. This option helps them avoid costly bounced-check fees or late payment fees.
Approval
Not at all. Minute Loan Center does not consider credit scores in your application. We have other ways to assess creditworthiness.
Payments
You have the flexibility to make your payments in several different ways. The most common option is our convenient automatic payment system. You can also make payments directly on your account via our secure online payment portal or at a Minute Loan Center office in your area, if available. Additionally, our customer service staff are available via phone at our office and would be happy to assist you with any payment-related inquiries.
Your Account
You can check your account status anytime by logging into the Minute Loan Center App or online at www.minuteloancenter.com.
Security
Minute Loan Center applies the latest industry standards for security to protect our members’ personal information.
Lines of Credit
A Minute Loan Center Line of Credit gives you access to a set amount of funds that you can draw every time a need comes up. You only pay interest on the amount you actually use, not the entire credit limit.
As you make payments and repay what you’ve borrowed, the funds become available again, and you can borrow funds repeatedly throughout the life of your Line of Credit.
However, please note that regular minimum payments are required. The pay cycle for your Line of Credit may be monthly, bi-weekly or semi-monthly, and we’ll send you reminders of upcoming payment dates. Also note that interest only accrues on your outstanding balance, meaning that the more you pay off the balance, the less you’ll incur in interest.
Application
To qualify for a Minute Loan Center loan, you must:
- Be a resident of your respective state
- Be of legal age for your state with a government ID
- Have an active checking account or debit card
- Provide a valid email for electronic disclosures
- Have a reliable source of income
- Agree to our lending terms and conditions
If the information cannot be externally verified, you may be asked to provide a copy of your ID, income statements, and bank account.
Disclaimer: Loan approval and terms are subject to verification of application information, underwriting review, and compliance with applicable state law. Not all applicants will qualify for the lowest advertised rates or for same-day funding. Funding times may vary based on bank processing schedules and customer verification requirements. Fees, repayment terms, and product availability differ by state. Please review your loan agreement carefully for complete terms and conditions. Please borrow responsibly. Loans are intended for short-term financial needs and are not a long-term financial solution.