Frequently Asked Questions

Your 1st Loan

Applying for another loan

Payment and Loan Extension

How do I ask for my first loan?

Enter bonsaifinance.com or use the calculator on the right of this page and follow these steps:

  • Choose the amount of money you want
  • Choose the time you want to return it in
  • Click “Get your credit now”

You must fill out a quick online loan request form with some personal and bank details.

What are the requirements to apply for a loan with Bonsai Finance?

You must meet the following requirements:

  • Be between 18 and 65 years old and reside in the US.
  • Have a bank account where the personal loan is to be paid and have a regular source of income that can be verified through bank account transactions.
  • Have a debit / credit card to collect, as a fallback solution, the reimbursement of the loan repayment.
  • Have an active cell phone that can receive calls and messages via SMS.

What are the conditions of a personal loan?

At Bonsai, the conditions of the online personal loans are very simple. To apply for credit you should not be in bankruptcy, you should not have any open application.

How much money can I ask for?

The maximum amount you can request depends on your accessibility criteria. We only work with responsible lenders that will never loan you more than you can afford.

What is the minimum credit I can apply for? What is the minimum time?

The minimum credit is of $100 for a minimum time of 2 weeks.

From where can I apply for my quick loan?

Only through our website.

Do I have to pay a high fee to apply for a loan?

No, there are no up-front fees to apply for a personal loan.

Do I need to provide a guarantee to apply for a loan?

No.

How long will it take to receive an answer and to have the money in my account?

You will receive an immediate response. If you are granted the loan, you’ll have the money as soon as the next business day.

Can I receive the money any day of the week at any time?

Once the online loan contract has been accepted, a transfer will be performed to the indicated account as soon as the next business day.

Is it safe to apply for an online loan with Bonsai Finance?

Applying for a quick loan with us is always safe. We will always protect your personal information, and comply with the regulations of Standard Data Security for Payment Card Industry PCI SSC (Payment Card Industry Security Standards Council).

I am a business. Can I apply for a personal loan?

No. At Bonsai Finance only individuals may apply for personal loans.

Can I apply for a loan if I don´t have a cell phone?

No. You need to have a personal cell phone to apply for a loan with Bonsai Finance.

Why has my request been rejected?

Bonsai Finance uses fully automated technology that takes into account many factors. If you do not meet some of the previously mentioned requirements you will not be allowed to make a loan request.

Requirements:

  • Be between 18 and 65 years old and reside in the US.
  • Have a bank account where the personal loan is to be paid and have a regular source of income that can be verified through bank account transactions.
  • Have a debit / credit card to collect, as a fallback solution, the reimbursement of the loan repayment.
  • Have an active cell phone that can receive calls and messages via SMS.

Can I apply for more than one loan at a time?

No. You can only have one active loan at a time. You will also not be able to apply for a loan online if:

  • You have debts pending with other financial institutions.
  • You do not have a minimum net monthly income of $500.
  • You are declared in bankrupcy.

Once I have paid my loan, when can I apply for another?

Immediately, through our website, and again selecting the amount and the time of return.

How do I repay my loan online?

At Bonsai Finance we act in a way that is as easy as possible for you to pay your loan on the deadline. It is for this reason that when you apply for a personal loan with us, we ask that you provide information about your debit / credit card.

From the moment in which you are granted the loan, you start to pay one monthly fee on the anniversary of the credit requested. Of course, if at any time you prefer to pay by bank transfer, you can also choose this option.

 

Where can I check the status of my online loan?

As a customer you will have access at all times to your user account to view the status of your loan, or to extend the deadline to pay your loan at any time.