Funding for approved applications usually occurs on the following business day. If you submit your application before 11:00 a.m. Central Time, Monday to Friday, you may receive your funds on the same day. However, approval may be contingent on further verification. A delay in providing necessary documents may result in a funding delay.
Smart Pay Loans offers personal loans that can be as low as $250 and as high as $1,000. However, whether you qualify for a loan depends on where you live and your credit history. In certain states, you might be charged an origination fee for a personal loan, which will be subtracted from your loan amount before you receive the money. To make sure you have enough money to cover your costs, it's a good idea to borrow an amount that includes any fees. You can find out if you're eligible for a loan by completing a short online application, which only takes a few minutes.
You can always expect the most suitable Smart Pay Loans options tailored just for you. To determine your eligibility, we consider various aspects of your financial situation, including income, expenses, and credit history. This ensures that you receive the most suitable loans that match your needs and financial capacity.
In simpler terms, Smart Pay Loans will always offer you the best loan deals based on your personal financial circumstances. We take into account factors like how much money you make, how much you spend, and your credit history to decide which loans are the best fit for you. This way, you get the most suitable loans that align with your finances and abilities to repay.
If you can get a personal loan, you will see the biggest amount you can borrow. You can then pick the right amount for you before signing. You can select the highest loan amount you qualify for or choose a smaller loan if you prefer.
At Smart Pay Loans, we make it simple for you to pay back your loan or credit line. You can choose to use electronic fund transfer (EFT), which is a way to have your payments made automatically (AutoPay). This means you won't forget to pay on time. When you get a personal loan from us, you can pick AutoPay if you like. If you need to make a single payment, you can use a paper check, a money order, or a one-time EFT. Make sure to check out the information about each way to pay and the times by when you need to make your payment.
Recurring ACH (EFT – AutoPay) : This is the most common way many people pay back their loans. ACH, or Automated Clearing House, is a type of electronic money transfer. We take the money from your bank account automatically for your regular payments. These payments happen when your loan is due. You need to set up AutoPay or change your AutoPay payment at least two days before your payment is due, before 3 p.m. Central Time. For example, if your payment is due on March 5, you need to set it up or change it by 3 p.m. CT on March 3. (Please note that Business Days do not include federal holidays, Saturdays, or Sundays.) Usually, you will see the money taken out of your account within two days after your payment is due, but check with your bank for more details on their ACH practices.
One-Time EFT: You can make one-time electronic fund transfers (EFT) online, if you have a bank account registered, by signing into your account. Another way to make a payment is by contacting our Customer Support Team during hours of operations (Monday to Friday, 9 a.m. to 7 p.m. Pacific Time). Remember, your one-time EFT payment must be set up before 3 p.m. Central Time on the day before your payment due date.
Paper Check or Money Order: You need to send us your paper check or money order payment before the due date in your contract.
Send your payment to:
Smart Pay Loans
P.O. Box 4336
West Hills, CA 91308-4336
Please note: You must include your Account ID or Account Number and your name when you make a payment. If we get your payment by 4 p.m. Pacific Time, we will credit it to your loan on that day. Payments that come in after 4 p.m. will be processed the next business day. Make sure Smart Pay Loans gets your check or money order on time, before the due date.
When you pay with a check, you allow us to do one of two things. First, we can use the information on your check to take money from your account one time. This is called an electronic fund transfer. Second, we can process your check like a normal check payment.
If we use an electronic fund transfer, money may be taken from your account the same day you make your payment. You will not get your check back from your bank or credit union. If you have any questions, please call (833) 805-5626.