Frequently asked questions (FAQs)
Answers to the most common questions about our Check Cashing Payday Loans and lines of credit.
What requirements must I meet to obtain a loan?
The requirements for obtaining a loan may vary. Our team of experts will guide you and help you find the best option for you.
What is the response time for a loan application?
At Speedloa, we strive to provide fast and efficient responses to your loan application. Typically, you will receive a response within 5 business days. The timeframe may vary depending on the complexity of your case.
What types of loans do you offer?
At Speedloa en Valencia, we offer a variety of loans to suit your needs. Our team of experts will guide you in choosing the best option.
What is the maximum repayment term for a loan?
The repayment term for a loan varies depending on the type and conditions. Our team will help you choose the term that is right for your financial goals.
What services do you offer?
We offer quick loans ranging from $100 to $1,500, without conducting a credit check to assess your file.
What is a variable credit agreement?
A variable credit agreement is a contract under which credit is granted in advance by a merchant to a consumer, who may draw upon it from time to time—either in whole or in part—in accordance with the terms of the agreement. A variable credit agreement notably includes any contract entered into for the use of what is commonly referred to as a credit card, credit account, budget account, revolving credit, line of credit, open credit, or any other contract of a similar nature.
What are the eligibility requirements?
- Have completed the form in its entirety
- Be a resident of USA
- Be 18 years of age or older
- Have held a stable job for more than three months
- Receive your pay via direct deposit
What should I do before submitting my application?
Before filling out your online loan application, you can prepare the following documents:
Your pay stub or proof of income (insurance benefits, pension, etc.)
After submitting your application, log in to your bank's website in just a few seconds for an Instant Bank Verification (IBV).
What are your rates and service fees?
Our company offers revolving credit agreements at a rate of 23%. Membership fees apply upon obtaining the loan.
What is the repayment period?
The payment schedule can be determined when the loan is granted. It follows the borrower's pay cycle (typically weekly or bi-weekly). Repayment terms for loans at Speedloa range from one (1) to six (6) months.
How are repayments handled?
We deduct the repayment amount directly from the client's account.
Can I repay sooner than the standard term?
Yes, clients who repay within less than a month even receive a discount.