Frequently Asked Questions

To apply for an installment loan, you must meet these requirements:

• You must be at least 18 years of age.
• You must be a U.S. citizen or a permanent resident.
• You need an active checking or bank account.
• You must receive a regular source of income.
• You must provide a valid phone number and an active email address.

Please note that we do not offer our current loan products to covered members of the U.S. Armed Forces or their dependents when the applicable military lending requirements apply.

No. How you choose to use your loan is entirely up to you. Whether you’re covering unexpected expenses, paying bills, handling emergency repairs, or managing other personal financial needs, the decision is yours.

When you meet the eligibility requirements, you are welcome to apply for a loan whenever you need one. We review each application individually based on our current lending criteria.

Yes. You can make additional payments or pay off your loan early at any time. We do not charge prepayment penalties or extra fees for paying your balance ahead of schedule.

• Our installment loans offer flexible repayment terms with convenient monthly payments.
• We provide transparent loan options with clear terms and no hidden surprises.
• Qualified applicants can access higher loan amounts than many short-term lending options offer.

In many cases, we review applications within minutes. When we need additional information or documentation, the review may take longer.

You may still apply if you have previously filed for bankruptcy, provided the court has discharged your bankruptcy and it is no longer active. We review every application based on our current eligibility requirements.

When we do not approve an application, you may not have met one or more eligibility requirements. During the review process, we consider several factors, including your income, existing financial obligations, available credit, and other information you provide with your application.

At Loan Ridge, we only perform soft inquiries when reviewing loan applications. Also called a soft pull, this quick background check won’t appear on your credit history. Applying for a Loan Ridge loan therefore won’t affect your credit score. Keeping your loan in good standing can actually improve your credit score.

Once we approve your loan, we send the funds directly to your bank account or deliver them via e-Transfer, depending on the available transfer options.

We collect loan repayments through a pre-authorized payment plan. On each due date, we automatically withdraw the scheduled payment from your bank account, helping ensure timely and convenient repayment.

Yes. Make payments ahead of your scheduled due date or pay extra toward your loan whenever you choose. This flexibility lets you manage your balance in a way that works best for you.

We keep all communication with us private and handle it with strict confidentiality. Our secure systems protect your personal information and maintain your privacy throughout every interaction.

Your loan agreement clearly outlines every cost, with no additional or hidden fees. Before you proceed, you will know exactly what to expect.

Yes, we accept joint applications. Apply together with another person, and we consider both applicants during the review process.

When your payments are current and your account is in good standing, you may qualify for a loan increase or an additional loan. We review each request based on your overall payment history and eligibility at the time of application.

We understand that financial situations can change unexpectedly. Contact us as soon as possible at (314) 272-3358 if you think you may have difficulty making a payment. Our team will review your situation and work with you to find a suitable solution.