LoanNow is a direct lender that finances people’s emergencies with installment loans. It follows the state laws while doing business. For small dollar medium term personal loans, it has both positives and negatives. While loan amount range and monthly payback system are good, the term and upper limit of APR are something borrowers might have to take into account before applying for a loan with LoanNow. However, it is a trustable lender, and has a good customer satisfaction record.
LoanNow prioritizes on installment loans, and that is its sole product at the moment. One can apply for loan amounts between $1,000 and $5,000 for 9 to 48 months depending on the state of residence. The APR varies between 29% – 229%, and having vouches can reduce it significantly. Similarly, they provide loans to adults at least of 21, where some other lenders are ok with borrower being 18.
Loan Now Loan Features:
Loan Application Information
Terms of Repayment:
LoanNow is reasonably flexible, if not with every option on table, when it comes to repayment of the loans. It also offers incentives to help borrowers maintain on-time payments. Similarly, while early pay offs are free, they have rollover facility, which is not free. Late fees might be charged for late payments as well. Apart from those, depending on your agreement, you may be able to return the loan without any charge. If you realize that you might not be able to pay an installment on due, it encourages to reach out to its customer care on phone or email. Then, you might get chance for courtesy due date adjustment- some extra time.
Loan Now Customer Service Hours:
LoanNow has a rating of 9.3 out of 10 based on 570 reviews as of March 2016 on Trustpilot. That is eye-catching! Their service and approach towards customer satisfaction has earned those rating for sure. One can easily approach them via Mcustomercare@loannow.com or phone for further information. They are available Monday-Friday: 9-5PM (Pacific Time).