Learn the Process

Learn the Process

Our Process – Step-by-Step

Money Mate Loans makes finding a loan quick and easy. We connect you with trusted lenders who can review your information and present you with loan options tailored to your financial needs.

We’re not a direct lender – instead, we help you discover potential Personal and Payday Loan offers from our network of reputable providers. Submit your basic information to explore your options today.

What is an Installment Loan?

An Installment Loan lets you spread out your repayment over a longer period compared to a typical Payday Loan. With set payment amounts (though the final payment may vary slightly), you can manage your finances more effectively.

If you have an active checking account, direct deposit, and a steady income, you could get approved in just a few minutes. Once approved, the funds are electronically deposited into your bank account and payments are automatically deducted on agreed-upon dates.

How It Works

1. Submit Your Information: Complete our easy online form to connect with a lending partner in our network.
2. Get a Quick Decision: You’ll typically receive a lending decision within minutes.
3. Review & Sign: If approved, review the loan terms, agree to the conditions, and electronically sign the agreement. In most cases, funds are deposited into your account as soon as the next business day.

Note: Money Mate Loans is not a lender. We connect you with lenders who can provide installment loan options. Once connected, the lender will reach out to finalize the loan process, review terms, and discuss repayment options.

Basic Requirements

• Active checking or savings account with direct deposit
• At least 18 years old
• U.S. citizen or permanent resident
• Minimum monthly income of $800

If you meet these criteria, complete our online form to be matched with a lender in our network. Please review our terms for detailed information on our services.

Loan Fees & Charges

Money Mate Loans connects you with lenders at no cost to you. We are not a lender and do not influence the terms, fees, or interest rates offered by lenders in our network.

Since we don’t provide loans directly, we cannot disclose specific APRs, fees, or costs. The exact rates and fees depend on your location and the lender’s terms. Once you’re approved, the lender will provide all necessary cost information in compliance with legal requirements. If you agree and e-sign the loan agreement, the process will proceed.

Missed Payments & Their Impact

If you miss a payment, your lender may offer a short-term extension, typically up to two weeks, which may include additional fees. These fees can be similar to the original loan fee. Missed payments can impact your credit rating, so it’s important to understand the terms clearly.

We only connect you with lenders who adhere to ethical and legal collection practices.

Understanding Your Loan Terms

Before agreeing to a loan, you will receive a detailed agreement outlining all fees, interest rates, and repayment terms. Carefully review the terms before proceeding. Money Mate Loans is not involved in setting these terms but connects you to lending partners who provide this information.

Late Payment Policies

Each lender has specific guidelines regarding late payments. Before you sign any agreement, ensure you understand any potential penalties, fees, or extensions. These terms can vary based on the lender and your state’s regulations. Late payments may result in added fees or loan extensions, both of which can impact your total repayment amount.

Loan Extension Policies

If you extend your repayment period, additional fees or interest may apply, potentially increasing the total cost of your loan. State regulations often dictate how these extensions are handled, and your lender will provide specific details in the loan agreement.