Do you have questions about getting your loan?

FAQs

It is a cash advance that is repaid over time with a fixed number of scheduled biweekly, semi- monthly or monthly payments of equal amount. Also known as installment debt, it gives you greater repayment flexibility. Moreover, it allows prepayment with no penalty, which will save you interest. Examples of installment loans are mortgage loans, student loans, car loans, home equity loans, etc.

There is no obligation on the use of these small loans. They can be used to pay bills such as car notes, utility bills, medical emergency, tuition fees, home repairs, renovation, etc.

As a reputable lender online, we provide fee free personal loans. Hence there is no application fee.

To qualify for a quick loan with installment payments, you must:
Be minimum 18 years old
Be permanent resident or US citizen
Be employed for the past three months
Be earning a monthly income of at least $1,200
Have an active bank account
Have a valid contact number and email address
Not be a debtor in bankruptcy case and should not intend to voluntarily file for bankruptcy relief, presently.

Apply for fast cash on the go from mobile or from the comfort of your home 24/7 through SonomaCredit. Click on faxless loan application and fill out your basic details. Request the amount and have the funds deposited directly into your bank account same day or at the maximum by next business day (if approved).

No. We provide no fax or no paperwork online loans for your convenience.

SonomaCredit determines your loan amount based on your current monthly income. As a first time borrower, you can qualify for up to a maximum of $1,000. However, we will reward you by increasing your loan limit by $100 on each successful repayment. Note that we do not supply loans exceeding $1,000.

Almost instantly! We will contact you by phone or email within one hour of loan approval during normal business hours (Monday to Friday, 8:00 AM to 7:00 PM EST). For applications submitted after-hours, we will contact you first thing the next business day. However, due to different state and verification requirements, not all borrowers may be eligible for no credit check and quick approval loans from direct lender.

No-your approval is not guaranteed. Even people with poor or low credit score are eligible to apply for our bad credit loans because we do not run credit checks.

APR, the Annual Percentage Rate is the effective rate of interest charged on your loan.

The loan fee depends on the length and number of payments; in case you repay early, the fee will be adjusted based on your shortened payment schedule. We do not charge more than what the law allows. For more details on calculating installment loan costs, refer our rates page.

We at SonomaCredit deposit the requested amount immediately after you get the approval. However, depending on your bank policies, it may take maximum up to 2 days for the loan amount to reflect in your account. If your bank processes it fast, you might access the cash on the same day of approval as well.

Yes. However, any loan requested on Friday after 6:00 PM EST will be processed on the next business day which is usually Monday- unless it is a holiday.

If you request for a short term advance loan and then realize you do not need it, you can return it to us before the end of the next business day. For example, if you receive the loan on Wednesday, you have time until Thursday 7:00 PM EST to return it, without any penalty.

No. The amount is electronically debited via ACH from your authorized bank account on payment due date.

No. Because these are no prepayment penalty loans. . It is best to contact us through email at support@sonomacredit.net or call us at 855-456-7634, and we will start the pre-payment process. In fact, you may even qualify for a refund of a portion of the loan’s finance charge.

ACH stands for Automatic Clearing House and is a method of electronically depositing or withdrawing funds from an account. When you provide a check as payment on your installment loan application, you authorize us to process the payment as a check transaction. When the lender presents an ACH request to your bank, it will send the specified amount of loan fees and/or principal to the lender which was outlined in your loan agreement. If the payment is returned for reason of insufficient funds, the lender can and will present the ACH Authorization to your bank again.

We use your bank account details to process payments.

SonomaCredit follows all NACHA regulations. We are authorized to utilize the Federal Reserve Wire System. We always abide by the state and federal laws, and will never withdraw more money than you have authorized in our process.

To update your bank details, contact our customer service team by sending an email to support@sonomacredit.com at least 2 business days before 4:00 PM EST payment due date. Alternatively, you can call us on 855-456-7634. If you have already applied for your loan, you will need to fax in a copy or photo of a voided check or bank statement for the new bank account to 855-456-7634. If you are supplying a photo of your voided check or bank statement, please note that the picture must be in the standard PDF or JPG formats in order for us to access it. Also, please note if you are submitting a voided check, do not submit Starter Checks, as we do not accept these as valid proof of bank information.

You must contact us at least two business days before the payment due date for setting up payment arrangements. You may obtain an extension by paying at least enough to cover interest earned up to that point (usually the finance charge previously disclosed as $30 per $100 borrowed and APR (Annual Percentage Rate) ranges from 365% to 1,564%, depending on the terms of the extension). We also recommend that you pay as much extra as you can to reduce the principal balance. However, we charge a NSF (Non-Sufficient Fund) Fee of $20.00.

If you do not want us to withdraw the full amount on the due date, you have the option to extend your loan. You may make partial payments at any time prior to maturity on the principal balance without incurring additional charges.

Yes. We protect your data with a secure SSL server that uses the highest encryption standards. Besides, we never sell your information to third party lenders.

SonomaCredit uses email to keep you informed of your approval, repayment reminders and confirmation, promotions and more. This makes it very important that you receive all email communication from us concerning your account. To ensure you receive important emails from SonomaCredit, please take a moment to add our email address support@sonomacredit.com to your address book or to your SPAM “good list” or “whitelist”. This helps your email provider to recognize SonomaCredit as a trusted email source.