Greenline Loans requires a potential borrower to complete an online application with identifying information, proof of income, bank account details and contact information, states the company's website. The company does not perform a credit check but does verify information through national databases. The applicant receives a decision within a few minutes and, if approved, may receive the funds as soon as the next day. The amount of financing varies depending on the applicant's income and other information.Continue Reading
General requirements to qualify for financing include U.S. citizenship, being at least 18 years old, having an income of at least $1,000 a month and having a checking account, according to Greenline Loans. Bad credit does not necessarily disqualify an applicant. The borrower may pay more than the required monthly payment without incurring penalties and doing so reduces the overall amount of interest paid. Greenline Loans accepts payment through automatic ACH direct debit, over the phone using a debit card or through the mail by certified check.
This type of financing is expensive and borrowers should not rely on it for long-term financial needs, warns Greenline Loans. The borrower may cancel the loan without penalty by notifying the company in writing no more than one business day after receiving the funds.Learn more about Personal Loans