There are no fees for submitting a loan request form with Finger Finance. Finger Finance works on a commission basis, receiving a commission from our lending partners if your loan requests are successful.
Frequently Asked Questions
How does a payday loan work?
A payday loan is used to cover short term and emergency expenses. With a payday loan, you receive the money in your bank account within 24 hours or the next business day. The person borrowing the money then repays the loan in full or over an agreed time which can be between 1 and 60 months depending on the loan size.
Finger Finances allows you to borrow between $100 to $5,000 depending on your affordability, credit score and income.
What makes me eligible to request a loan?
Potential borrowers do not need a perfect credit score to apply for a short term or payday loan. The following is what makes a borrower eligible:
- Be a US citizen
- Over 18 years of age
- Own a mobile phone
- Able to afford repayments
- Have a checking account to receive funds
- An income of at least $800 per month
- Bad credit considered
Will applying for a loan impact my credit score?
Completing a loan request form will NOT impact your credit score in a negative way. As part of our approval process, credit check will be carried out, however this will not impact your chances.
If borrowers are unable to make repayments on time after accepting a loan, your credit score will be impacted negatively. However, making repayments on time can improve your credit score. Despite this, payday loans should not be seen as a way to boost your credit score.
Are there specific states that Finger Finance operates in?
How long is the process?
With Finger Finance, a loan enquiry can be submitted in under 5 minutes. Through our online form, you are able to receive an instant decision after submitting your loan request. If you are successful, a transfer will be made to your bank account within 24 hours or the next business day.
Will I need to include my bank details?
Yes, you will need to include your bank details in your loan enquiry so that we are able to transfer the money once you have been approved. All details submitted to Finger Finance are kept safe and will not be passed on to other third parties without your permission.
When will I receive the money in my bank account?
Funds will reach your bank account within 24 hours or one business day, however sometimes it can be even faster.
Are there consequences for making a late repayment?
If you were to miss a scheduled repayment or are late, a late fee may be charged and this could affect your credit score. If you do believe you may be late paying a repayment, you should speak to your lender as soon as you are able to. The reason for this is because they can usually help you and this will reduce any late fees or credit score damage.
What is the process for making a repayment?
Repayments are collected automatically from your bank account on a date agreed with your lender. Approaching this date, you will be sent reminders. Each month a repayment is made, and this occurs over 1 to 60 months, depending on the size of your loan.
How much can I borrow?
You can borrow any amount between $100 to $35,000 to suit a range of different loan necessities.