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This may delay funding of your loan by one business day

What is an Online Loan? | Q Credit


What is an online loan and how does it work?

An online loan can be a convenient, hassle-free way to deal with one of life’s unexpected expenses. If you’re facing a cash crunch, it can be a good option to handle it quickly. From car repairs to a higher-than-anticipated bill to a visit to a medical office, an online loan can help you manage the situation without delay.

Q Credit offers online loans that are secure and available 24/7. You can apply safely and confidentially online, get an answer in seconds, and have from $500 to $1,000 in your checking account as soon as the next banking day.* You can pay off your online loan over time, or you can pay it off at any time with no penalties. Unlike many financial institutions, we encourage you to pay off your loan early to reduce your overall interest charges. We do not charge a prepayment penalty to do so. You pay interest only for the time that you have the loan.

With Q Credit, repaying your online loan is convenient and manageable. By structuring your loan repayment schedule to align with your pay dates and by offering automatic payment deductions, we strive to work with you to make the process easier. We'll even send you a friendly reminder e-mail before each payment due date. Your payment will depend on your total loan amount, interest rate and repayment schedule (bi-weekly, semi-monthly or monthly). The loan amount, interest rate and charges associated with your loan are determined by a number of factors such as your credit, information from your application, and your payment history.