About Installment Loans

What is an Installment Loan?

An installment loan is a loan that is repaid over time with a set number of scheduled payments; normally at least two payments are made towards the loan. The term of the loan may be a few months or many years. Many installment loans are unsecured, which means they do not require the borrower to pledge an asset (like a home or car title) as collateral.

Installment loan amounts and terms can range broadly, depending on the state and the lender, so please read and review all of the terms of your loan very carefully.

How much can I get?

Each lender in the West Bay Cash network has different rates, terms and lending criteria. West Bay Cash works to match you with a lender that can help get you the funding you need.

Traditionally, the specific loan amount for which you’ll qualify will depend on several factors, including the following:
• State requirements
• Your current employment and income
• Your credit history

How fast do I get paid?

Typically, loan proceeds are deposited in your account the next business day after your application is approved. Cash distribution times, however, vary by lender.

How does repayment work?

West Bay Cash’s lenders each operate differently, so it is important that you read and consider all the terms and conditions prior to signing your loan documents. Two of the most common repayment mechanisms are ACH debits and remotely created checks (RCCs).

An ACH debit involves your lender electronically debiting your bank account for your applicable payments. An RCC is created by your lender as a paper check bearing your typed name, rather than your handwritten signature, and is drawn on your bank account for the amounts you owe and presented for payment.

What are the minimum requirements for a loan?

Each lender has different criteria they use when reviewing an application. For most lenders, an applicant must at least meet the following standards:
• Have an active bank account that uses direct deposit.
• Be over the age of 18.
• Be actively employed or have a regular source of income.
• Provide accurate and truthful information when completing the application, including SSN and bank information to allow for proper identification.

Having those minimal requirements does not guarantee that you be matched with a lender.

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WESTBAYCASH.COM IS NOT A LENDER, does not broker loans to lenders and does not make cash advances or credit decisions.

Our service is free to you (the loan applicant) and all repayment terms are between you and the lender. Individual lenders have varying loan terms, including the loan amount, APR, and repayment schedules. After you submit your information and if you are redirected to a lender, WestBayCash.com will redirect you to the lender’s web site, where you will be able to review and agree to the lender's proposed terms and conditions.

Please review the terms and conditions carefully. If you do not like the lender's proposed terms and conditions, do not proceed with the loan! In many cases, the lender will contact you to confirm your personal information and finalize the loan. They may contact you via telephone, email, text messages, etc. The lender may obtain your credit report to make a final decision.