Applying for an EZ Money loan can be done either online or in-store, depending on availability. The process requires applicants to meet certain criteria, such as being of legal age, providing proof of residency, income verification, and a valid checking account. Loan amounts can reach up to $1,500 with repayment terms up to 4 months, and APRs range from 136.70% to 521.63%. Applicants must also provide personal and financial information, and a credit check may be performed to assess creditworthiness before approval.
How to Apply for an EZ Money Loan
Visit a Local EZ Money Store. Find the nearest EZ Money store location and visit in person.
Request a Loan Application. Ask for a loan application form from the staff.
Provide Required Documents. Submit identification, proof of income, and other necessary documents.
Complete the Application Form. Fill out the form with your personal and financial information.
Submit the Application. Hand in the completed application form and await loan approval.
Conditions
APR Range. The Annual Percentage Rate (APR) varies from 136.70% to 521.63%, depending on the loan terms and conditions.
Loan Amounts. Loan amounts are available up to $1,500.
Loan Terms. Loan repayment terms can extend up to 4 months.
Requirements
Legal Age. Applicants must be at least 18 years old (or the legal age in their state).
Residency. Applicants must be residents of the state where EZ Money operates and provides services. Proof of residency may be required.
Income Verification. Proof of a regular income source is necessary, which may include pay stubs or bank statements.
Bank Account. A valid checking account is required for both loan disbursement and repayment.
Identification. A government-issued ID, such as a driver's license or passport, is needed for identity verification.
Credit Check. Credit checks may be conducted by EZ Money or third-party lenders to assess creditworthiness.
Compliance with Regulations. Applicants must meet all legal, regulatory, and underwriting requirements applicable in their state.
Reasons for Rejection
Insufficient Income. If your annual income is below the required minimum, your application may be rejected due to an inability to meet the repayment obligations.
Lack Of Required Documentation. Failure to provide necessary documents, such as a copy of your paycheck stub, can result in your application being denied.
No Bank Account Or Credit Card. Not having a bank account or credit card as an alternative payment method can lead to rejection since it is a mandatory requirement.
Employment Verification Issues. Inaccurate or unverifiable employment information, such as discrepancies in your employer's details or job title, can cause your application to be rejected.
Age Restriction. Applicants under the age of 18 are not eligible for the program, and any application from individuals below this age will be automatically rejected.
How long does it take to get approved for an EZ Money loan?
Loan approval times vary, but many applicants receive approval within the same day or a few business days, depending on the completeness of the application and required documents.
What is the maximum loan amount I can borrow from EZ Money?
The maximum loan amount offered by EZ Money can go up to $1,500, depending on your eligibility and state regulations.
Can I apply for a second loan while still repaying the first?
Eligibility for a second loan while repaying the first depends on state laws and your payment history with EZ Money. It’s recommended to inquire directly at your local store.
