Frequently Asked Questions
Q. What are the requirements for an online loan?
Q. When and how will I receive my money?
Q. When do I make my payments?
Q. When I payoff my loan in full, how quickly can I get a new one?
Q. What if I have bad credit or no credit?
Q. What are the requirements for an online loan?
The requirements are easy! As long as you are 18 yrs or older, have a checking account with direct deposit, a source of income paid to you weekly, every two weeks, or twice a month, you will not be turned away.
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Q. When and how will I receive my money?
The process is quick, easy, and hassle-free. Once your loan is approved, the funds are electronically/automatically deposited into your checking account via an ACH/EFT transaction typically the next day. Please see the Deposit Schedule below.
| Deposit Schedule | |
| Loan Funded Before 7PM CST. | Day your funds will be available. |
| Monday | Tuesday |
| Tuesday | Wednesday |
| Wednesday | Thursday |
| Thursday | Friday |
| Friday | Monday |
| Saturday | Tuesday |
| Sunday | Tuesday |
| Loan Funded After 7PM CST. | Day your funds will be available. |
| Monday | Wednesday |
| Tuesday | Thursday |
| Wednesday | Friday |
| Thursday | Monday |
| Friday | Tuesday |
| Saturday | Tuesday |
| Sunday | Tuesday |
Q. How much can I borrow?
We loan up to $1,500 ranging from $100 - $1,500 in increments of $25. You will be approved for more money by simply providing your Debit/Credit Card information during the approval process.
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Q. When do I make my payments?
We make the process easy! CashMax will send you an email three days before your due date as a reminder for you to log into your account and process a new loan or payoff your loan. You will need to complete the transaction 2 days before you are due. Once we receive your new contract, we will automatically deduct the CSO fee and Lender fee by processing the payment through your bank account with an ACH/EFT debit or by using your Debit/Credit Card on your due date. Please note: It may take up to three business days for your payment to clear the bank thru an ACH/EFT.
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Q. When I payoff my loan in full, how quickly can I get a new one?
If CashMax processes the payment through your bank account with an ACH/EFT debit, it may take up to three business days for your payment to clear the bank. Once your payment clears, you're eligible to receive a new loan. If we use your Debit/Credit Card as a payment method, you could take out a new loan immediately.
After successfully completing your loan, additional loans are a breeze. Simply log in as a Returning Customer and request a new loan.
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Q. What if I have bad credit or no credit?
A. We offer no credit checks to all applicants! Again the process is quick, easy, and hassle-free. We are here to help you in all ways possible.
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