What type of bank account can I use?

You can use any valid checking account that is registered under your name. Savings accounts or prepaid cards are not accepted.

How do I make a payment before the due date?

If you wish to make a payment before your due date then contact our customer care team at least two days before your next payment.

What if I want to pay off my loan early?

At Minto Money, you can pay off your loan at any time without penalty. To make a payment please contact our customer care team so they can process the payoff.

What if I can’t make my loan payment on the due date?

At Minto Money, we understand that life happens. If you are unable to make the payment on your payment date, then contact our customer care team and we will work with you to find a solution.

How do I make payments on my loan?

To make a payment for your installment loan you can either A) Transfer debit from your checking account into the loans account. B) Contact our customer care team at least two business days prior to your payment date. C) We also accept payments by money order or cashier’s check.

Can I cancel my loan?

You have a right to cancel your loan. We require that you start the process by 4pm Central time the next business day after the cash disbursement. We can then set up a draft to reverse the loan proceeds.

When will my loan be due?

We will set up a manageable payment schedule that will tailor the payment dates to correspond with your pay dates. 

How does the loan process work?

Our loan process is quick and simple. Once you fill out your online loan application, we will send you an email about your approval status. Once you’ve been approved and verifications have been completed, we will send you transaction documents and disclosure information for your loan. Once you read over the terms, if you agree with everything, you can electronically sign the documents. Usually, your money will be deposited within one business day. If you wish to get expedited funding, then please contact our customer care team.

What do I need to get a loan?

To apply for a loan you need to be at least 18 years old, not be in a bankruptcy case, and able to provide your contact information, income, and checking account.

When will the money be in my account?

In most cases, you will receive your cash payment the next business day as long as all your information is processed by 6:30 pm Central time. This payment can vary based on your bank’s processing holds and policies.

What is APR?

APR (Annual Percentage Rate) is the annual rate charged for borrowing money, expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. APR was designed to allow consumers the ability to evaluate a loan product over the course of a full year or 365 days, but we offer small installment loans that are designed to be paid between five to ten months. Each APR varies between customers and their specific loan situation. Remember, this is an expensive form of borrowing and is not intended to be a long-term financial solution.

How much money can I receive?

Minto Money loans range from $100 to $3,000. A loan decision is based on the information you provide in your loan application.

Why doesn’t Minto Money lend in my state?

At this time, we do not lend in all states. If your state is not currently available, check back as we frequently add new states.

What if I have a bad credit score?

One of the benefits of getting a loan from Minto Money is that you do not need a good credit score. We lend to people with all kinds of credit backgrounds. To approve your loan we verify income, banking history, and the ability for the debt to be repaid.

Why should I choose Minto Money?

We are a trusted loan lender who wants to help customers in need with any unexpected expenses. We are a quick loan service that practices excellent customer care. Our installment loans are better than payday loans because you can pay down the principal amount with each payment.

Do you follow industry best practices?

Minto Money is a member of the Online Lenders Alliance (onlinelendersalliance.org) and adheres to its best practices concerning internet lending. We want our customers to feel comfortable which is why we recommend customers use personal financial literacy education with organizations like the Community Financial Education Foundation (CFEF) or Clarity for Consumers. Ask us how to take advantage of these services.

What loans do you offer?

At Minto Money we offer our customers term consumer installment loans to help with any unexpected expenses. These installment loans create a payment schedule so the loan can be paid off over a set period of time. 

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