Personal loans for Walmart employees may be something that you come across on the Internet when looking for a loan provider.
You may get interested in such an offer if you work for this company, but what stays behind it?
Let’s figure out if it is really possible to get a personal loan at better conditions if you work for Walmart.
Can You Apply with Walmart?
If you need to get some financial help, you may decide to find out about walmart loans for employees.
The very first thing that you should know is that the company does not offer any loans itself.
This means that there are no walmart personal loans available at favorable conditions for those working for this company or other people.
However, it is possible to get cash advance in some cases, for instance, when you urgently need money to pay bills or some other expenses.
In this case, you can tell your manager about this problem, and the one may allow you to get the already earned salary before the payday.
Unlike payday loans, you will not have to pay any interest, which is a great option.
Is It Possible to Apply with Other Companies?
Personal loans for Walmart employees are also offered by other lenders looking for customers with a stable job.
However, this does not mean that you will be approved just because you work for this company.
If you have a low credit score, there still may be a problem for you with getting the money.
Also, there are many lending businesses operating online and offering a hardship loan for those working for this company, but what does this really mean?
You should understand that there are no lenders who are so kind that want to help you out when you facing temporary financial difficulties.
They all want to get profit and they can deny your loan application if they have doubts in your creditworthiness.
However, some lenders take the risk of offering loans to people with bad credit in order to get a higher profit.
The thing is that such loans are given at higher APR, so you will pay more for them.
Generally, if you work for such a well-known company as Walmart, your chances of getting a loan are good; however, other factors are also important, such as your salary and credit history.
Can You Get Personal Loans at Better Conditions if You Work for Walmart?
Walmart does not offer any personal loans, but its employers in certain cases can access their earned salary before the payday.
However, it is not enough just to apply for that and you may have to go through a certain procedure to use this opportunity.
Anyway, there are other online lenders to apply with, and some of them even try to attract attention from Walmart employers.
This does not mean, however, that you will qualify no matter what or that conditions for you will be special.
Therefore, before you submit your application, you should check all the requirements and conditions of the lender.
Also, you should check one’s reputation to make sure that you will encounter no unpleasant surprises in the future.
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Representative Repayment Examples
1. A 2 year loan of $5,000 with a max Annual Percentage Rate (APR) of 12.99% would result in 24 scheduled monthly payments of $238. Total amount of loan re-paid would be $5,704. Total Interest paid would be $704.
2. If you borrowed $2,000 over a 12 month period and the loan had a 3% origination fee ($60), your monthly repayments would be $189.12, with a total payback amount of $2269.44 which including the 3% fee paid from the loan amount, would have a total cost of $329.44. Representative 29.82% APR.
3. Loan amount $2,500, Interest rate 16.00%, Term 36 months, Fee 10.00%, Payment $87.89, APR 22.93%, TOTAL PAYMENTS $3,164.13, $914.13
Texas46Loans.com is not a lender – as such, we do not have control over the APR you will be offered. We display a Representative APR only as it is based on data offered from multiple lenders. The following represents sample rates, is for informational purposes only, and may not reflect the actual APRs offered by your lender or lending partner.