What is a Multi-Pay Installment Loan?
An installment loan is a convenient way to borrow money and pay it back over several payments. Your payment amount will be an equal amount with the potential exception of the first and last payments. The payment schedule is developed based off the loan amount, interest rate, and number of payments. MaxLend offers customers a variety of products based upon the periodicity of their income. For example customers that are paid biweekly and semimonthly have a 12 payment product, weekly have a 24 payment product and customers that are paid monthly are offered a 6 payment product and all programs are over approximately 6 months. All of MaxLend customers have the option of paying off the loan at any time without any penalties or fees other than the interest owed through the day that they pay off. In the event that the customer wants to make extra principal payments they can on regularly scheduled payment dates. Any additional principal payments may shorten the total number of payments and potentially lower the overall finance charges paid. It is the customer’s choice how long they need the loan for and MaxLend promotes responsible borrowing.

How can I qualify for a MaxLend loan?
It's easy!

• Provide a verifiable source of direct deposit income into your checking account.
• Have an open checking account that meets our "bank account minimum opened duration" requirements.
• You need to be at least 18 years old and a United States citizen.
• Your take-home pay has to meet our minimum income requirements.
• You must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.

What will happen after I complete my application?
Your application will be reviewed by our underwriting rules for approval or denial. If you are approved during our usual business hours, one of our friendly call center representatives will contact you within the hour to verify all of your information. If everything goes well, your money will be deposited into your account as soon as possible!

After I submit my application, how long will it take before I hear back from you?
Not long at all. During our hours of operation, we are usually able to contact you by telephone within 5 minutes of receiving your application!

After applying will I get my money?
If approved, your money could be deposited into your checking account normally within the next business day.

What is the maximum loan amount that I can qualify for?
First-time MaxLend customers can qualify for up to $1,000, and returning customers — MaxLend VIPs — may qualify for up to $2,000!

When will I need to repay my loan?
Your payments will be due on scheduled Payment Due Dates, which generally correspond with your pay dates. Most installment loan products are approximately 6 months in nature however you can pay off in full at any time without penalty.

Can I pay my loan back early?
Yes, you can pay your loan back early without penalty! In fact, prepaying in full may reduce the finance charges you pay.

What if I have problems making a payment?
If you have a Multi-Pay Installment Loan, you can pay the loan in full at any time without any penalties for early payment. If you have a short term loan, paying in full on your due date is the best approach, but we understand that sometimes this isn't possible. If you can't afford to pay the entire balance, MaxLend has options. Contact us at least 3 business days prior to your loan due date to arrange payment towards your principal loan amount. The amount you choose will be debited in addition to the Interest Rate and Underwriting Fee.

I don't have a printer and I want to print a copy of my loan documents. Can I get my documents another way?
Yes! We can email or fax your loan documents to you — just let one of our representatives know your preferences by calling us at 1-877-770-2682.

Are your loans secure and confidential?
Absolutely! All the loans we make are transacted on our secure servers and utilize industry standard security protocols. Your non-public information is completely confidential and protected by our Privacy Policy.

What is the Equal Credit Opportunity Act?
The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission, Equal Credit Opportunity, Washington, D.C. 20580.