Need cash quickly for a Franchise investment opportunity but don’t have experience getting loans beyond local bank branches? The sector of online cash loans brings incredible speed and convenience but can also feel intimidating your first go-around.
Thankfully the process with digital lenders like Cash Express proves smooth, simple and user-friendly even if you’ve never borrowed funds on the internet previously.
So let’s say you found a lucrative food franchise you wish to invest it. Let’s walk through the key steps, requirements and helpful tips making your first-ever fintech loan with Cash Express breeze:
Step 1: Check Rates In Seconds Online
Online lenders provide free tools to instantly check available offers using just basic personal details entered on their site without officially applying at first. With Cash Express specifically no documents or credit checks happen upfront — simply:
- Enter name, contact info, income estimate
- See personalized loan amounts, terms and rates in seconds
- Adjust details to view different loan offer variants
- When ready officially apply for chosen option
Pre-qualification gives estimates on what you may qualify for to set expectations before formal application.
Step 2: Complete 2-Minute Online Application
When ready to move forward, borrowers fill out a quick web-based application requesting details like:
- Full legal name and current residence address
- Contact information such as mobile number and email
- Bank account number/details for receiving the loan
- Income sources and estimated monthly earning
- Requested loan purpose use of funds
Entering details on mobile site or app takes mere minutes thanks to simplified fields.
Step 3: Sign Digital Loan Contract
If approved, Cash Express generates a customized loan agreement capturing exact amount, dates, payments owed and other legal terms. Documents get signed electronically with digital verification for security. No printing contracts. Once signed, funds get processed for disbursement.
Step 4: Loan Amount Received in Bank Account
Unlike waiting for checks or cash pickups, Cash Express sends approved loans via direct bank account deposits. Most borrowers see funds reflected in their connected bank account within 1 business day as promised.
Step 5: Set Repayment Reminders & Begin Paying
Be sure to make a manual calendar reminder on when payments owe each month and setup automatic transfers from bank if possible. This prevents forgetting due dates and guarantees always paying on time. As long as repayments happen successfully, you establish positive credit history and likely qualify for better loan options next time.
Tips for First-Timer Success
Follow this straightforward process with Cash Express combined with a few helpful suggestions, and your first ever online loan experience goes smooth:
- Carefully check loan details and terms before signing agreement so no surprises later
- Setup autopay or calendar reminders on due dates to prevent issues
- Save agreement copy on email or cloud storage for future reference
- Reach out to their customer support via chat/email for any other questions!
Ready to Give Online Financing a Try?
Stepping into online borrowing for the first time has a learning curve but Cash Express simplifies things for newcomers. Their approval process won’t overwhelm yet still vets applicants responsibly. Requirements stay reasonable compared to traditional banks. And borrower education guides first-timer success.
If you need quick emergency funds to cover urgent needs, check personalized loan rates with Cash Express here in just 2 minutes! Move financing fully into the digital age.
Frequently Asked Questions
What’s the minimum credit score needed for approval?
Cash Express approves applicants with scores as low as 550 through their alternative data driven decisions balanced with responsible lending. Those 650+ see the very best offers.
Can I apply for an online loan using mobile phone?
Yes absolutely! Their application and account management portal is fully mobile optimized to complete from smartphones or tablets alongside desktop.
What kind of customer service does Cash Express provide?
Support options include 24/7 chat bots for instant answers, email ticketing, and phone support during business hours to address any application or account questions.
How does Cash Express deposit approved loan amounts?
Funds get sent directly to the bank account number provided during application via bank transfer once all documents get signed electronically to complete approval.
What should I do if I have trouble making a repayment?
Email their support team immediately if ever unable to make full or on-time payment. They can discuss options for adjusting due dates, partial payments or other accommodating solutions.
