You can get up to $5,000 with Right Now Loans. But before you go ahead with the loan, take a look at this comprehensive review of Right Now loans and how to go about it. You will also get to know if it is a legit platform or a scam. So take a good position and read this information with me.
Right now loans is an online installment lender that provides financial aid to individuals and businesses in the United States. It is an easy and effective way to get extra cash to cover life’s expenses, especially the unexpected ones.
The loans are installment loans and can be used for any purpose that you deem fit. The lending service is available at any time that you need it and the application process is easy and fast. You can get between $200 and $1,500 as a first-timer. While returning loan seekers can get up to $5000.
Unlike payday loans, Right Now Loans have a very flexible payment method that allows you to repay it in a series of fixed installments. Seeing all the lovely offers that this company has and considering the fact that there are many fraudulent schemes out there, it is of utmost importance to know if the platform is legit or a scam. And this will be done by looking at some reviews about it. So join me to see the various Right Now Loans reviews.
Right Now Loans Reviews
Before we move on to decide whether the platform is legit or a scam, let us see some reviews about it. What are users saying about Right Now loans? How well have they rated it over the years?
Right Now Loans TrustPilot
The reviews about this organization on Trustpilot show that it has a good reputation as customers have many good things to say about it. It has a 4.2/5 stars rating on that site. The organization was commended for its fast loan processing, warm and friendly customer care, transparent fees, etc.
Right Now Loans BBB
Better Business Bureau (BBB) is also another platform where customers can rate businesses. Right Now Loans is not BBB accredited. However, it has a B+ rating on that site. And that is quite a fair one which will further help to prove its legitimacy.
Right Now Loans Quora
There are a lot of positive comments about this platform on Quora with many praising it for its fast and efficient approval and impeccable customer service support. It was also commended for its installment method that allows you to split the repayment over a period of time.
However, there were some negative reviews on all of these platforms, and most of them concern the high-interest rate of the scheme as well as its maximum loan amount.
Is Right Now Loans Legit?
Seeing all of the reviews above, one can conclude that Right Now Loans is legit and not a scam. However, let us further give some reasons for this stand by looking at some variables.
1. Licenses
A company’s license is one of its greatest proof of legitimacy. And in this case, Right Now Loans is a licensed organization. It is registered and licensed to operate in some states of the US. And it is mandated to comply with all state and federal laws in such places.
2. Ownership
To further prove that it is a legit organization, the ownership of the scheme is known to everyone and clearly stated on the official website. This is something that a scam website will not do. Right Now Loans is a subsidiary of SBR Enterprises. It is a Native American entity operated by the Elem Indian Colony of Pomo Indians (an American Indian Tribe in the US).
3. Transparency
Another Variable to show that it is legit and not a scam is its transparency in policy, rates, contact information, customer support, and so on. Its customer service number as stated on the website is 1-866-660-8743, hotline is 1-866-399-8594. You can also reach them via email at support@rightnowloans.com. Or its mailing address at PO Box 4102, Clearlake, CA 95422. Therefore, we can see that Right Now Loans is a legit enterprise. Hence it is safe to do business with it.
Right Now Loans Interest Rate And Charges
The interest rates and charges of the loan are stated in the loan agreement. You will also find the APR and other applicable regulations there. A sample of these is available on the website. This is to give you an insight into how the rates and interests are calculated. The sample shows a bi-weekly repayment plan.
However, the schedule could differ from one client to the other depending on some factors such as loan amount, loan program, payment method (whether you decide to prepay or not), loan date, pay date frequency, and so on. Therefore, it is best to carefully read the loan agreement before accepting the loan.
Pros And Cons Of Using Right Now Loans
Here are some of the reasons why you should opt for Right Now Loans.
Pros
- Easy application process.
- Simple eligibility criteria
- Fast loan approval
- Highly responsive customer care
- Legally licensed and recognized.
- Flexible repayment method
- Fair minimum loan amount of $200.
And as you know, there is always another side to every coin. So let us see the Cons of using Right Now Loans.
Cons
- Low maximum loan amount
- High-interest rates.
- Not available in all states of the United States.
Eligibility Criteria For Right Now Loans
To increase your chances of getting a loan with Right Now Loans, you are expected to meet the following requirements.
- Must be resident in the United States.
- Must be up to the age of 18 years.
- You must have a regular source of income.
- You must have an active bank account.
How To Apply For Right Now Loans
This organization has one of the simplest and fastest application and approval methods. To apply for a loan, visit the official website of the company at rightnowloan.com. Click on Apply Now. You will then be redirected to another page that will require you to enter your bio data such as name, home or office address, email address, employment information, etc. You will also submit your bank information or Direct Deposit.
With your application submitted correctly, you will receive a response in a few minutes. And if approved, the payment will be sent to your bank account the next business day.
Summary
Right Now Loans reviews show that it is legit and not a scam. It is safe to get a loan here and you will be glad you did. It has an installment repayment method as well as other lovely benefits.