RubikLoan.com is a loan matching service that specializes in providing borrowers with a selection of lenders that can offer them short term, payday loans, a type of loan that ranges between $100 and $1000 with quick pay back periods.
How Does RubikLoan Work?
RubikLoan.com does not actually supply borrowers with the money they wish to borrow directly. Instead they are a website that promises to match people with lenders that can meet their borrowing needs, based on the information they collect which will be considered by the lenders themselves.
The specific information requested by your lending institution may vary, but the website says that in order to borrow, customers will need to employed at current job for at least 90 days, a US citizen or permanent resident over the age of 18, have an income of at least $1,000 each month after taxes, and an active checking account.
After you submit your information, your request will be submitted to more than one hundred lenders at a single time. Though this website promises to work with people of all different credit levels, there are many different limitations on what states they can operate in, so this may result in borrowers being denied a loan.
If you do successfully receive loan offers, it is important that you go through all the Terms and Conditions of the loan, ensuring that you understand all the legal requirements you are agreeing to if and when you accept the money they are offering you.
Using this website to find a lender who will work with you is completely free, but the cost of accepting a short term installment loan depends on many different factors. The first and most obvious is the amount of you have borrowed, combined with the length of time you take to pay it back, and the interest rate that is being applied.
In addition, borrowers will want to pay close attention to agreements that will apply additional fees or charges during the term of your loan for actions like late payments, loan extensions, and more.
Personal installment loans do not have Refund Policies, but they may have periods during which they can canceled and the borrowed money can be returned without any payment of interest or penalties. Customers should speak directly to the lender or check to see whether this information is included in the terms of the loans that are provided to you.
Customer Service Contact Info
Customers who are interested in contacting Customer Service with questions, concerns, or complaints can do so by phone at 866-971-7538, by email at [email protected], or by submitting them directly to their website through their Contact Us link at the bottom of their webpage.
Unfortunately there are not many reviews available from customers and borrowers at this time. However, there are certain things to consider about this company before deciding to work with them to find a lender.
Customers who use RubikLoan.com to find a loan lender will ultimately get matched with companies that are short term lenders or “payday lenders.” These types of short term lenders are extremely controversial for the high interest rates and fees they apply to their loans, which is why some states ban their operation.
When you are dealing with these kinds of companies, there are many different things to consider in order to protect yourself from predatory lending. Debt.org offers helpful information on how to spot a predatory lender and what to consider when dealing with a payday lender.
Competitors and Alternatives?
There are many different websites that offer this same type of free service, where they match up borrowers with qualified lenders, including PersonalLoans.com, BetterLoanChoice.com, Speedy Net Loan, and many more.
If you have experience with RubikLoan.com or their products, please leave your reviews below.
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