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It’s not easy to plan for things that haven’t happened yet. When you don’t know when, where, or how an emergency expense is going to strike, let alone how much it’ll cost, how to do you prepare for one ahead of time?
An emergency fund is the name of the game when it comes to emergency preparedness. Putting a fund together that’s specifically intended to help you handle emergencies is the best way to prepare yourself for emergency expenses. But if it was so easy, everyone would have one! The truth is, it can often take a long time to build up to a point where you’ll be ready for anything that comes your way. So, if you’re in the process of contributing to an emergency fund (or don’t have one at all) when you suddenly get hit with an unexpected expense, you’ll need an alternate plan.
In these types of situations, an online loan may be your short-term answer! With online loans in Hawaii, you might be able to get the financial aid you’re in need of to help you handle a pesky emergency expense. With an online Line of Credit through CreditFresh, you may be able to qualify for a personal loan between $500 to $5,000. You won’t need to concern yourself with hidden terms or unexpected fees with this online loan in Hawaii, as the terms of an online Line of Credit through CreditFresh are transparent and straightforward.
If you’ve never borrowed money online, you might be a little intimidated by the process. If that’s the case, don’t be! Submitting a request for a loan in Hawaii through CreditFresh is quick and simple. If approved, you’ll be able to access funds when you need them, as long as you have available credit and your account remains in good standing. Simply request a draw on your personal Line of Credit online or over the phone from your available credit and the funds may be in your bank account the same business day3!
Note: A Line of Credit is a type of online loan. As a revolving credit product, you can request draws, repay and redraw as needed from your available credit.
Online Loan Summary
Credit Limit: $500 to $5,000
Loan Type: Line of Credit
Minimum Payment: Billing Cycle Charge + Mandatory Principal Contribution
Funding Time: Same Business Day3
Benefits of Choosing Online Loans in Hawaii through CreditFresh
Access Credit When You Need It
- Financial flexibility is at your fingertips if you need help with an emergency expense.
- Easily request a draw online or give us a call, so long as your account is in good standing and you have available funds.
- You may have your funds deposited directly into your bank account the same business day that you request a draw3.
Excellent Customer Service
- Our friendly Customer Service team is more than happy to help!
- We’re here 7 days a week to answer your questions about the loan products offered through the CreditFresh website.
- We’re here to help you get the funds you need when you’re facing an emergency expense.
Transparent, Easy-to-Understand Product
- Clear repayment terms and no hidden charges.
- A simple Billing Cycle Charge structure.
- Have access to a secure online platform to review information regarding your account.
Loans Online in Hawaii through CreditFresh – The Details
When you’re facing an emergency expense in Hawaii, it’s normal for stress to creep in. After all, emergencies aren’t always the easiest thing to deal with. But just remember that if you end up needing some financial aid in a tough situation, there may be options out there for you! In those instances, an online line of credit might be able to give you the help you need.
Recognizing what is and isn’t an emergency is an important part of this whole equation. Emergencies can include situations like:
- Needing to get an urgent car repair taken care of
- Dealing with an unplanned medical expense
- Taking care of unexpected home repairs
Don’t apply for an online line of credit for things like vacation expenses, unnecessary shopping trips, and regularly scheduled bills. If you’re looking to submit a request through CreditFresh, click here to get started!
$500 to $5,000.
Making a Draw
You have the option to withdraw available funds all at once, or in smaller amounts from your available credit, as needed, so long as your account is in good standing. If you request a draw, funds may be deposited into your bank account the same business day3.
Repayment of Your Online Loan in Hawaii
If you have an outstanding balance, you will be required to make a Minimum Payment for each Billing Cycle.
You will be issued a periodic statement at least 14 days before your Minimum Payment is due for your Line of Credit. Your periodic statement will include important details such as your Minimum Payment and your Payment Due Date.
Your Minimum Payment will be made up of two components:
- Billing Cycle Charge: this will be calculated based on your Average Daily Principal Balance that appears on your periodic statement; and
- A Mandatory Principal Contribution which helps ensure you are always paying down your Outstanding Principal Balance.
You can always make payments towards your Outstanding Principal Balance at any time without prepayment penalties. You may log into your account to make a payment online using a debit or pre-paid card or call 1-800-766-2007 to set up a payment.
The Cost of an Online Loan in Hawaii through CreditFresh
For each billing cycle, you will only be charged a Billing Cycle Charge if you have an Outstanding Principal Balance. You can find this information in your periodic statement. A portion of each Minimum Payment goes directly to your principal balance to ensure you are always paying down your balance.
For further details, visit the Cost of Credit page.
Frequently Asked Questions
What are the minimum requirements to qualify for an online loan in Hawaii through CreditFresh?
In order to qualify for an online loan through CreditFresh, you must:
- Be of legal age to contract in Hawaii
- Be a US citizen or a permanent resident
- Be a resident of Hawaii
- Have an active bank account
- Have a regular, consistent source of income
- Have a valid contact number and an active email address
Please note that currently, no credit products offered through CreditFresh have charges that would meet the requirements applicable to lend to covered members of the US Armed Forces and their dependents.
Will I need a bank account to be approved for this online loan in Hawaii?
Yes, you will. To be approved for this online loan, you’ll need to have an active bank account.
Will I need to make an appointment to submit a request for this online loan?
No appointment will be necessary. Simply click here to begin the process of submitting a request. This is simple and may only take a few minutes to complete1.
For more information, feel free to give us a call at 1-800-766-2007 and a member of our Customer Service team will be pleased to help you.
Are online loans offered through CreditFresh in other states?
Yes, online loans are currently offered through CreditFresh in the form of a Line of Credit in Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, New Mexico, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin in addition to Hawaii.
Can I get funds from my online Line of Credit the same business day that I get approved?
When you’re dealing with an emergency, it’s usually a smart move to take care of it immediately. That means that if there are any costly expenses involved, it’s best to pay for them as soon as possible. If you need financial help in dealing with these expenses, you might consider applying for an online line of credit. But if you’re approved, how long will it take to get funds in your bank account once you’ve requested a draw?
At CreditFresh, we understand the importance of urgency. That’s why, when you request a draw from your personal Line of Credit online or over the phone, funds may be in your bank account the same business day3!
How is a line of credit different than an installment loan?
Understanding the differences between different personal loans is an important part of the borrowing process. It helps you make an informed decision when it comes to applying for a loan that’s suitable for your situation.
Installment loans and lines of credit are two fairly common personal loans with some important differences. An installment loan is a type of personal loan that provides you with a lump sum, if approved. Paying off what you owe will mean keeping up with scheduled payments that could last anywhere from a few months to several years.
A line of credit is a type of revolving credit, which means that you can borrow funds from a pre-determined credit limit. As you pay down what you owe, you can continue to draw funds on a revolving basis. If you want to learn more about other online loans, click here.
We’re here to help!
Dealing with an emergency expense isn’t easy, but if you think that this Line of Credit is suited to your needs, or you’d like additional information on the process of requesting an online loan in Hawaii through CreditFresh, feel free to contact our Customer Service team at 1-800-766-2007. You can also find more information by visiting our general FAQs page.