LENDNATION WIKI

Online Lending

Online lending means applying for and receiving a loan through a website or mobile app. You create an account, share a few documents, review costs and due dates, and sign electronically. In most cases funding is available within 30 minutes after approval. Products, amounts, and eligibility vary by state.

What Is Online Lending?

Online lending lets you apply for a loan without visiting a store. You complete the steps on your phone or computer and review your agreement digitally. Many people choose online lending for convenience and clear, step-by-step guidance.

How Online Lending Works

  1. Create an account
    Start by setting up an online profile. You will enter basic contact details and confirm your identity.
  2. Share the required documents
    Document needs and eligibility checklist items vary by state. Most lenders ask for:
    • A government ID for loan processing
    • Proof of income
    • A valid government ID
    • Bank information for an ACH deposit or debit card funding
  3. Review costs and due dates
    Before you sign, you will see the total cost, due date, and payment schedule. Take time to read each section carefully.
  4. Sign electronically
    If approved, you sign your agreement online. This allows the process to move forward without paper forms.

Funding Methods and Timing

Online lending commonly uses:

  • ACH deposit to a bank account
  • Debit card funding

Funding timing depends on approval time, funding cut-off time, bank posting time, weekends, and holidays. Funds may be available as soon as the same day, where available and if approved. Availability varies by state and by product.

For details in your area, visit your state page.

Tips for Using Online Lending Safely

  • Use secure networks when uploading documents
  • Double-check due dates to avoid late fees
  • Set reminders or automatic payments if offered
  • Keep copies of your agreement for reference

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Summary

Online lending allows you to apply, review terms, and sign from your own device. You share documents, confirm details, and follow a clear payment schedule. Timing and eligibility vary by state. If you would prefer to speak to a team member in person,  visit a nearby LendNation store to learn what may be available where you live.