Cashback Loans is a California-based short-term lending system that offers three types of loan options – payday loans, signature loans, auto title loans. Cashback Loans started out in 2003 which was founded for the purpose of serving Southern Californian residents. You can apply for a loan online, by phone or at a nearby Cashback Loans store.
3 Types of Cashback Loans
There are three types of loans you can apply for. Payday loans are the most popular and least risky type of loans. Signature loans offer a larger amount of cash you can borrow. Auto title loans do offer the highest amount of cash among three Cashback Loans but are also associated with the highest risk.
Payday loans are called so because you can get a quick cash advance to make any day seem like payday. With a payday loan you can borrow up to $300 but there is a 15% loan fee so you will only get $255. The fee is presented upfront and you can securely know how much payday loans cost.
Signature loans are also installment loans. You can get funds ranging from $2,510 to $3,600. It lasts for 24 to 36 months and the interest rates are based on your credit and income. Signature loans have a $75 administration fee.
Auto title loans are called so because you risk your properties being entitled to them. With this type of loan, you can borrow a heftier amount ranging from $2,510 to $50,000.
Benefits of Cashback Loans
They have no credit check. You can easily apply for a short-term loan by processing your bank and employment information. As long as you have been assessed to have the ability in paying back, you can apply for a short-term loan.
The application process is fast and easy. Applying for a loan takes only a few minutes to complete. You can apply over the phone or a nearby store or online by going to their website – cashbackloans.com. The application is quite simple and the processing often takes only a few minutes to complete.
They have a clear listing of all fees. You can review the fees and other possible fees that may be charged. There are no hidden fees. You can see them on their website.
Cashback Loans are convenient. Aside from being able to apply for a loan quite easily, Cashback Loans have 29 branches covering varying locations in CA. If you do not like applying via phone or online, many stores are available.
They keep your privacy private. Some lending companies sell your information to third-party lenders. Cashback Loans has absolute information privacy and would never leak any sensitive information.
Disadvantages of Cashback Loans
They have a limited scope. They are only available in California. You will have to be a Californian resident in order to apply for a loan.
Cashback Loans offer a big amount of money you can borrow as long as they see you have the means paying, however, this comes with great risk.
Cashback Loans are a useful thing for those who know how to operate with them. But it also a big risk. You can lose your car, house or lot title. If you need financial help learn more about how to make money on cashback services. Take care about your budget and manage it in the right way.