Online Loans

At LoanTruth, we offer online loans across the United States that have flexible financing terms, are processed quickly, and provide you with funding in a fast manner.

Say goodbye to applying to loan offers in person

You can apply for our loans entirely through the Internet, meaning you’ll never have to worry about missing work or other important obligations to apply for loans. Simply download our LoanTruth App, which is available for all major mobile operating systems, or visit our website.

We’re available all day long, all over the country

Our team at LoanTruth realizes that emergencies can and do happen. Just like you, our founders have found themselves in similar situations more than a few times.

The world doesn’t slow up whenever you need it to. As such, it’s easy to get swept behind and in a world of further financial issues. This is precisely why we’re available 24 hours a day, seven days a week through our website and LoanTruth App.

What types of loans does LoanTruth offer?

We offer payday, installment, and line of credit loans. Here is a brief rundown of the differences between these three common, helpful loans that we offer here at LoanTruth.

Payday loans

Payday loans, like all of our offerings here at LoanTruth, are short-term loans that help our clients meet their emergency monetary needs between paychecks. They are usually due the next time you get paid. This means your payday loan due date could be in a few days, a week, two weeks, or a month.

In general, only people with regular, steady incomes are eligible for payday loans. Also, you can usually expect to pay a flat fee on our payday loans.

Installment loans

An installment loan is a type of loan that is paid back in regular increments. As such, most loans fall under the title of “installment loan.”

At LoanTruth, our installment loans generate interest on a daily basis, unlike our payday loans, which don’t have interest rates. While you are encouraged to stick to the loan payback schedule that we will provide you with prior to receiving funding, you aren’t necessarily required to adhere to this schedule.

Our recommended minimum payments come on a monthly basis, also known as installments, hence the name installment loan. You will be better able to plan your finances around installment loans because you can pay them back in small increments.

Further, all of our installment loans come with fixed interest rates. Some loans have variable interest rates, which means they change based on whatever interest rates are considered to be industry standards. These industry standards change on an ongoing basis.

In general, more people are approved for our installment loans than payday loans. This is because you aren’t required to earn a fixed amount of money in order to be eligible for installment loans.

Our LoanTruth installment loans can be paid off early, as well, unlike some competitors’ installment loans. In short, this means you’ll save money when you choose LoanTruth for your installment loan needs.

Line of credit loans

You’re probably familiar with credit cards, which allow you to borrow however much money you want whenever you want to up to an agreed-upon dollar amount limit.

Line of credit loans are ideal for situations in which you aren’t sure about how much money you’ll need. One of the most common reasons why people come to us at LoanTruth for line of credit loans is to pay for home improvements. This is because, in most situations, the cost of home improvements can’t readily be predicted. As such, it’s better to purchase materials and pay for labor costs as needed rather than paying for all materials and labor costs up front.

How can I apply for online loans from LoanTruth?

At LoanTruth, we have a six-step process for our clients to follow. Here’s what it looks like.

1. Apply

Visit our website or download our mobile app, the LoanTruth App, to begin the application process. If you have questions about our application process, reach out to us over the phone or via email. You can also correspond with our representatives through the mail.

2. Find out if you’re eligible

Shortly after filling out our application, you’ll receive a lending decision. In most cases, this lending decision comes just a few minutes after you apply. You can expect to wait no longer than two days for a lending decision from LoanTruth, however.

3. Tell us how much you need

We don’t have a maximum loan amount here at LoanTruth that objectively applies to all of our loan applicants. However, our minimum loan amount is $50. You can choose to receive however much or however little money you need, as long as it’s above $50.

4. Sign for your loan

Before receiving any money from us at LoanTruth, you’ll need to provide your John Hancock on a few documents. Make sure to read through all the paperwork, whether it be in digital or physical form, prior to signing it.

5. Get paid

Although your money could take as long as five business days to show up in your bank account, many of our clients report receiving their money is as little as 30 minutes.

6. We have friendly repayment options

You’ll find that we make paying off your loan easy here at LoanTruth. Reach out to us to find out just how many loan repayment options we offer.