NH Cash ReviewNH Cash is fully licensed and regulated by the Banking Department in the state of New Hampshire State. They offer borrowers revolving credit lines in the three states namely: Kansas, Commonwealth of Virginia, and Utah. Address : 169 South River Road, Suite #19 Bedford, New Hampshire, 03110
NH Cash is a trusted and secure, easy and low payment borrowing option. It provides borrowers with a cost-efficient alternative compared to a payday loan. The payment terms are flexible, the loan process is easy, quick and private. They believe that providing you a loan equates to giving you a little push in life which enables you to perform greater things in future.
NH Cash has been in business for the past 15 years (since 2002) and in that time, has established its credibility by lending to millions of borrowers. They operate in three states, offering you revolving lines of credit in the Commonwealth of Virginia, Kansas and Utah.
They are fully licensed, audited and regulated by New Hampshire State Banking Department. They comply with state and federal laws, local regulations and rules concerning the servicing and origination of loans. Your account and application information is kept securely and completely confidential
You don’t need a minimum credit score to borrow from NH Cash. You begin by making a simple and quick online application. You are eligible to borrow from $200 to $5000, depending on several factors.
Once your application is filled out and submitted, you will be required to read, understand and sign the NH Cash Credit Agreement. After that, you proceed to submit your e-signature and input a PIN. This PIN will then be sent to your mobile phone.
The submitted application is personally reviewed by one of NH Cash underwriters. If all the information on your loan application is correct and complies with their approval policies, the review and approval process takes one business day at most.
Four factors are taken into consideration before beginning your loan processing. Your line of credit and acceptance depend on how long you have lived at your current residence, your income stability, debt to income ratio, and other confidential criteria. When this information is received, your identity is verified using a copy of your legal identity card (including a photo), a passport or a driver’s license.
The verification is confirmed and the approval decision is communicated through email or text message. If your loan application is approved, the money is available to you by the following business day.
When you have been approved, an approval code is sent to you together with important information. This information contains the amount you are initially eligible for, your complete line of credit, and an interim amount. You qualify for the interim amount when you have made 5 on-time payments also considered 5 good behaviour periods.
NF Cash considers their revolving credit lines as signature loans based on the honour system. This is because they only require your signature to begin processing the loan application. They trust you to abide by the commitment to pay back the money borrowed. Other than your signature, the minimum requirements to apply for a loan from NF Cash are,
1-A cell phone
2-A legal photo Identity card
3-A check book
4-A debit card
You are not expected to have a minimum credit score for your loan application to be approved and processed. Once submitted, your application is reviewed for honesty.
Reports are requested from a few reporting bureaus to establish your past banking relationships, credit history and bill-paying capacity. In addition to this, these reports help NF Cash understand what to expect from their financial relationship with you. They are aware that your borrowing history is not a clean slate.
NF Cash offers low payment quick and easy loans. They provide a 100 percent secure online loan application process facilitated by expert underwriters. All the details you provide are kept confidential and secure. Your ability to access a loan is determined by factors such as your debt-to-income ratio, your income stability and the length of time you have resided at your current location.
Verification is a short and quick process requiring only a single document like your passport, identity card or drivers licence. Loan approval is communicated through your mobile phone or email and once approved, the loan funds are available to you as soon as your bank’s next working day.
NH Cash loans are neither cheap nor standardized but their loans are presented as being much lower compared to internet instalment or payday loans. They charge a one-time fee of $100 and their annual fee split between billing periods comes to $35. They do not place any charges on pre-payment of loans, early payoff or drawdown.
For a loan amount of $800, they charge a $40 interest on principal plus a monthly fee of $35 amounting to a figure of $75. This is much lower compared to a payday loan where you are required to pay $240 after every 2 weeks.
When you borrow, your loan costs are placed into two categories; principal payments combined with interest and fees. Fees remain constant in spite of your loan amount while the principal and interest keep changing.
For each billing period, NH Cash requires you to repay a minimum of 2% on your principal. Interest payments are billed every four weeks, charged at 36% Annual Percentage Rate (APR).
When you borrow a loan from NH Cash, you receive several benefits including the following
- A flexible loan repayment system customized to individuals
- Access to an interim amount where you can draw money after 5 on-time payments
- Easy, simple and quick secure online application which eradicates the need for physical presence
- A warm and personal service from their excellent staff
- Signature loans processed in less than a day
- Quick verification using your legal photo ID, passport or driver’s license
- Swift disbursement of funds to your account by the next business day
- In case of questions, a toll free number (1-888-642-2740) is accessible to you
NH Cash is fully licensed and regulated by the Banking Department in the state of New Hampshire State. They offer borrowers revolving credit lines in the three states namely: Kansas, Commonwealth of Virginia, and Utah.
NH Cash does not have any running promotions therefore there are currently no promo codes available