Get a loan fast for those unexpected expenses!
We offer fast, easy loans to our neighbors in or near Phenix City, Alabama. We understand that sometimes things come up and throw a wrench into your financial plans. That’s when we’ll start your easy application process and get money into your hands quickly and easily.
Q: What do I need to qualify?
A: Here’s what you need to do to qualify for a loan with Depot Loans:
- You are a US citizen
- You are at least 18 years of age
- You are currently employed or have a source of regular income
- You are paid weekly, bi-weekly or semi-monthly
Q: How do I know if this loan is a good choice for me?
A: This type of loan is a good fit if:
- You plan to use your loan as a short- term solution for your financial needs.
- Your plan to use your loan won’t prolong or complicate other outstanding debts
- You can repay your loan by the due date
Q: How are your company’s loans different from other types of loans?
A: Depot Loans’ loans, also referred to as personal loans, fast cash loans, or installment loans, are a means for consumers to get fast access to money they need. The loan amount is generally less than a standard loan you might get through a bank, but there is a faster approval process to receive your cash.
Q: How much money can I borrow?
A: Loan amounts vary and go up to $5000 on a secured loan (meaning you have collateral that’s worth the amount of the loan) or up to $500 on an unsecured loan (meaning you need no collateral). The amount approved is determined by the information provided on your application and any available payment history.
Q: How do I apply for a loan?
A: That’s easy. You can simply fill out the loan application here on this website, or if you prefer to see us in person, you’re always more than welcome to come into the office at 2B West Ridge Drive, Phenix City and we’ll meet with you about your loan.
Q: When will I know if I’ve been approved?
A: Fast. Within minutes of submitting your application, you will receive a notice indicating if you have been pre-approved. If you fail to receive this message, please contact us at: 334-610-3603, or shoot us an email to firstname.lastname@example.org or email@example.com.
Q: What do I need to finalize my loan?
A: Once your application has been pre-approved call us at: 334-610-3603 to verify your information with one of our loan professionals.
To expedite the process please ensure you have access to the following prior to your call:
- Driver’s License/State ID
- Banking information
- Payroll information
- Access to the internet
Q: Does Depot Loans require a credit check?
A credit check will be done to determine creditworthiness through one of the three main credit bureaus which will not affect your credit score.
Q: When and how will I receive my loan?
A: Immediately! Depot loans will issue a check once the loan is approved and all documents are signed.
Q: Can I have more than one loan simultaneously?
A: Unfortunately, we can only service one active loan at any one time. After you repay the loan, you’re eligible to borrow again.
Q: When I pay off my loan, how soon can I borrow another?
A: You’ll be eligible for a new loan as soon as your last payment clears – which could take your bank up to few business days to confirm. You’ll enjoy an even simpler loan process for subsequent loans when you login as a returning customer.
Q: When is my loan payment due?
A: Payments will be due on the due dates set out in the terms of your loan agreement.
Q: How can I access or make changes to my balance and payment history?
A: For inquiries about balances, payment history or to make changes to your account or loan you can contact us at 334-610-3603.To make changes to a payment, contact us at least 3 business days prior to your payment due date.