How to Apply for a Plain Green Loan in Simi Valley?
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Visit Website: Start by navigating to the Plain Green Loans website. Click on the "Apply Now" button to begin the application process.
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Enter Loan Amount. Select the desired loan amount you wish to apply for. First-time borrowers can choose amounts between $300 and $800, while returning customers may be eligible for higher amounts up to $5,000.
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Fill Out the Application. Provide all the required information on the application form. This includes your personal information such as first and last name, email, and date of birth.
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Bank Account Information. Ensure you have an active bank account, as this is necessary for receiving your funds upon loan approval.
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Submit Application. After filling out all the necessary fields and reviewing the terms, submit your application for processing.
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Wait for Approval. Plain Green will review your application and you will receive an answer in seconds. If additional information is needed, a customer service representative may contact you.
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Loan Funding. If your loan is approved and accepted by 9:30 a.m. Mountain Time (Monday–Friday, excluding bank holidays), your loan will be funded the same day. Otherwise, it will be funded the next business day.
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Receive Funds. Once approved, the loan amount will be deposited directly into your bank account, allowing you to access the funds as needed.
Conditions and Requirements
Conditions
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Loan Availability. Loans are available from $300 to $800 for first-time borrowers and up to $5,000 for returning customers.
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Interest Rates. In the company, the interest rate depends on the amount, term, and creditworthiness of the borrower. The maximum APR is 699%.
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Same-Day Funding. If the loan is approved and accepted by 11:30 a.m. Eastern Time on a business day, the funds can be deposited into the borrower's checking account the same day.
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Repayment Term. Loans are repaid over time, with terms ranging from 10 to 26 months depending on the loan amount.
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No Collateral Required. Borrowers do not need to provide collateral to secure a loan.
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Fixed Payments. The loan has fixed payments with no hidden fees.
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No Prepayment Penalty. Borrowers can pay off their loan early without facing any prepayment penalties.
Requirements
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Age Requirement. Potential borrowers must be at least 18 years old (19 years old required in AL, NE, VA).
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Income Verification. Applicants must demonstrate employment or have a proven source of income.
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Email Address. A valid email address is necessary for communication and correspondence.
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Checking Account. Applicants must possess an active and valid checking account.
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Residency. Applicants must reside in a state where Plain Green conducts business.
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Verification Process. Plain Green verifies applicant information through national databases and credit bureaus, including Clarity, Experian, TransUnion, FactorTrust, DataX, and Equifax. The company may pull credit to determine eligibility and ability to repay.
Important
How to Choose a Lender
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Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
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Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
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Carefully review all the terms and conditions of your payday loan contract.
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Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
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Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
