Frequently Asked Questions (FAQ)

What can I use this loan for?

People get loans for several reasons. Some examples include fixing their car, getting groceries, repairs in the home, shopping around the holiday season, surprise expenses, and bills to name a few. We aim to quickly connect you with a lender or financial partner that may be able to lend to you the money you need for almost any situation! Once the online form is completed and a lender has accepted the request, the money you need could be sent to you as quickly as the next business day!

How fast can I get the money?

The lender connection process can be done within minutes. If we are able to connect you with a lender you will have to follow their instructions online to review the loan terms and conditions, if acceptable, e-sign the loan terms and conditions, and follow any other steps that the lender may have prior to distributing the money. If you are able to complete the process online the same day the money may be deposited to your bank account as quickly as the next business day. Think of the process as similar to depositing a check into your bank account - time is needed before the check clears, and the money becomes accessible in your account.

How do you protect my privacy and personal information?

We take privacy and security or your sensitive information very seriously. We utilize 256-bit SSL encryption so that you can be confident in the security of your information when requesting a loan online. For additional clarification and specifics regarding how your data is shared, we invite you to look through our privacy policy.

Do I have to go into a store or wait in line?

As mentioned above, the information that you enter on Lightning Money Loans' site is secure and simple to submit. This can be submitted from wherever you have internet access to our site, whether that's on a desktop, laptop, smartphone, or table. While you don't have to go to a store or wait in line to submit your loan request online, keep in mind - some loan opportunities may require you to travel to a physical location to pick up your money.

Are there any fees to use this website?

There are absolutely no fees or payments when you submit your information online. If we are able to connect you with a lender or financial partner, the lender will outline the interest rate and associated fees before you accept the terms of the loan. Lightning Money Loans is not a direct lender, and cannot provide specific fees and interest rates of potential loan options that may be presented to you by various lenders. There is no obligation to accept the lender's terms of agreement if you don't like the terms listed.

Do I qualify for this loan?

In order to submit a loan request via Lightning Money Loans, you must be employed or have a regular source of income, earn at least $800/month, be 18 years of age or older, and be a US resident. Please note that filling out our online form does not guarantee approval. Approval decisions will still be at the lenders' discretion.

Submitting a loan request with Lightning Money Loans requires that you meet the following criteria:

  • Having employment or a form of regular income.
  • Receiving Income earnings reaching at least $800 a month.
  • Being at least 18 years of age.
  • Being a resident of the United States.

Additionally, all final approval decisions are at the discretion of the lender.

How much can I borrow?

Typically, the loan amount can vary anywhere from $100 to $50,000. With that being said, not all lenders provide loans up to the maximum amount. The full amount that's available for you to borrow from any lender can be determined by their respective company policy, and the strength of your personal credit score/profile. Although we aim to connect every consumer with a loan or financial offer, not all consumers may be eligible for a loan and filling out the application online does not guarantee approval for a loan.

Do you perform a credit check?

Lightning Money Loans does not perform the credit check. However, the lenders and financial partners within our network will likely do so to determine your creditworthiness and the range of money they are able to lend to you.

What is the loan APR?

The Annual Percentage Rate (APR) for a loan is defined as the annual rate charged for borrowing. This rate is shown as a percentage that outlines the yearly cost of funds across the term of the loan. Each lender is required to produce the APR for your review before any loan agreement can be entered into.

This rate (and the size of the loan, along with other variables) will be determined by your personal creditworthiness, and will likely feature a lowered interest rate for customers that have excellent credit. The range of the size of the loan may have state-enforced requirements, or limits determined by the lender.

Because Lightning Money Loans is not a lender, we do not have control over the terms of your agreement. If approved for a loan, we recommend you read the lender's terms and conditions in full before accepting the loan.

Lightning Money Loans is not a lender, and has no control over the lender's terms of agreement that are produced for your loan. If you are approved for a loan, we highly suggest that you familiarize yourself with the lender's terms and conditions thoroughly before accepting the loan agreement.

Are you a lender?

No, we are not a lender, we are better. We work with multiple lenders and third-party lender networks and aim to connect you with a lender who may be able to extend a loan to you or if one is not available an alternative product that may be just as useful for you to consider. With one form submission on our website your information will be shown to multiple lenders, lender networks, and other financial partners, increasing your chance of getting a loan or financial product that may be of use to you, such as a title loan if you own a car, debt consolidation or settlement options, merchant cash advance if you own your own business, and so on. This saves you the time and effort of going to many websites to fill out multiple forms.