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FAQ

Below you'll find answers to the most frequently asked questions asked by our customers. If you can't find the answer here, feel free to contact us!

What are the interest rates?

This varies based on your personal information as well as the rates that each of our respective lenders offer.

Do I need to have a bank account?

Yes. If your financing request is granted, the lender will need an account where your requested funds can be deposited.

How much does it cost to submit a request?

Nothing! Submitting a loan request on Finzmo is entirely free

Can I submit a request on weekends and holidays?

Yes!

Can I submit a request for a loan if I don't have a cell phone?

Yes! You can provide a landline phone number if you don't have a cell phone.

Can I request a loan if I am not a homeowner?

Absolutely! We partner with some lenders that can approve individuals that rent their homes.

Can I submit a loan request for small business loans?

No. Finzmo does not partner with any lenders that offer small business loans.

Can I submit a request for a loan if I don't have the best credit score?

Each of our lending partners has its own criteria, but we strive to work with lenders that serve borrowers with all ranges of credit scores.

How much financing can I request?

The amount of financing you can request through Finzmo may vary depending upon the lending partners in our network. The partners in our lending network change. We cannot guarantee what lending partners loan offers or types of loans will be available when you submit a loan request using Finzmo.

Do I have to provide a reason for requesting financing?

No, you do not. However, certain of our lending partners may require this to provide loans for a specific purpose. We would also like to know the purpose to improve our service and better help you.

Why was I not connected with a lender?

Partners in our lending network offer loans to borrowers based on a variety of factors, including without limitation, your credit score and income. Also, since partners in our lending network may change, you may want to submit a new loan request in a few weeks. We cannot guarantee what lending partners, loan offers or types of loans will be available when you submit a loan request using Finzmo.

If I already have a loan, can I submit a request for another loan via Finzmo?

There is generally no limit to the number of loan requests you can submit through Finzmo, but each approval is granted by the lender you apply with. We cannot say with certainty if or when you will be approved or receive any money.

However, our service is built to help make the loan request process be as fast as possible. Once you confirm your request in Finzmo, a lender will typically make a decision within just a few minutes. If you are approved, most lenders should be able to deposit the loan proceeds to your bank account in as little as one business day.

How can I become a member?

Just by entering your personal information to make a request, you will be given a username, and that's when you've become a member.

How can I submit a request for a new loan if I have already paid the first loan off?

Our service is always available, and you can submit a request for a new loan the same way as with the first.

How can I repay the loan?

Each lender we work with has their own process and will send you all the information you need to make payments accordingly.

Repaying a loan can often be done by direct transfer, credit or debit card, or another format offered by the lender. Keep in touch with your lender and make payments on the correct dates to avoid any extra fees.

How much time do I have to repay the loan?

The loan agreement you sign with the lender of your choice will determine the terms of your loan. You should carefully read the contractual terms of the lender that has made you an offer before you agree.

Can I request an extension on my loan?

If you need an extension, you should contact your lender. Please keep in mind that an extension on your loan might incur additional fees or penalties.

What happens if I do not pay off my loan?

Before confirming your financing request with a lender that has made an offer, carefully read the contractual obligations regarding delay or default of payment.

It varies for each lender, but defaulting on your loan might result in your name being reported to a credit reporting agency, a collection agency could be contacted, or other legal actions could be taken to collect payment.

If you are unable to repay your loan, you should inform your lender as soon as possible in order to minimize damage and avoid penalties.

How do you use my personal information?

If you want to know how your personal data is used, please refer to our Privacy Policy.

How can I access, view and delete my member profile?

You can log into your account using your login credentials. Once you are logged in you can view and delete your account.

How can I unsubscribe from receiving emails?

You may unsubscribe from receiving emails by clicking here.

How can I withdraw my authorization allowing Finzmo to obtain my consumer report information?

You may withdraw your authorization allowing us to obtain your credit report and/or credit score(s) and other consumer report information from credit reporting agencies (such as TransUnion, Experian and/ or Equifax) by deactivating your Finzmo account. You can deactivate your account at any time by signing into your Finzmo account, going to account settings and deleting your account.

Modern Technology for Better Matches.

Our proprietary matching algorithm is designed to streamline and simplify the loan process.

We strive to be a trustworthy partner to lenders while maintaining our commitment to providing customers with the best loan experience on the market. In our safe and secure online environment, we use smart technology to match user loan requests with lender-provided guidelines.

Our goal is to make effective and efficient connections to save time, money, and frustration for both users and lenders.