Frequently Asked Questions about GBC Finance Loans

 

About our loans

 

What kind of loans does GBC Finance offer?

 

GBC Finance makes unsecured installment loans, also called signature or personal loans, to Texas residents. You repay the loan in fixed monthly payments.

 

How much can I borrow?

 

Loans range from $100 to $1,840. The amount you qualify for depends on your application, your income and our review.

 

How long do I have to repay?

 

Up to 12 months, in fixed monthly payments.

 

Is this a payday loan?

 

No. A payday loan is usually due in full on your next payday. Our installment loans are repaid in equal monthly payments over up to 12 months.

 

What does a loan cost?

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Your rate, fees, APR and total of payments depend on your loan amount and term. They are shown in your loan agreement before you sign.

 

Do I need collateral?

 

No. Our loans are unsecured signature loans.

 

 

Qualifying and applying

 

What are the requirements for a loan?

 

You must be at least 18 years old and a Texas resident with a valid Texas driver's license or state ID. You must have worked at least 6 months at your current job, or have another regular source of income such as an award letter, retirement or child support. You will need:

• Proof of income, such as a recent pay stub or award letter

• A recent bank statement

• A voided check or debit card

• 6 personal references (name, phone number and relationship)

 

Does my credit have to be perfect?

 

No. We focus on your current situation and ability to repay. Older credit problems may be overlooked, but you should not currently be behind on your bills. All loans are subject to approval.

 

Can I apply if I don't live in Texas?

 

No. You must be a Texas resident.

 

How do I apply?

 

Apply online at gbcfinance.net/apply-now, call (713) 227-8209, or visit our office at 601 Sawyer St., Suite 100, Houston, TX 77007. You can email, fax or bring in your documents.

 

What happens after I apply?

 

We review your application and documents during business hours and contact you by phone, text or email with a decision. Applying does not guarantee approval.

 

How fast will I get my money?

 

Once you're approved and sign your loan documents, your money is deposited to your bank account within 30 minutes. The 30 minutes starts after approval and signing, not when you submit your application.

 

I've borrowed from GBC Finance before. Can I apply again?

 

Yes. Former customers are welcome to apply again. Current customers can call us about their account or about renewals.

 

 

Payments and credit

 

When are my payments due?

 

Payments are due once a month. Your first payment is due about 30 days after you receive your loan.

 

How can I make payments?

 

Pay online through our secure REPAY portal by debit card or ACH bank debit.

 

Can I pay my loan off early?

 

Yes. There is no prepayment penalty.

 

Do you report to the credit bureaus?

 

Yes. We report your payment activity to Equifax every month. On-time payments may help you establish or improve your credit history. Late or missed payments may also be reported.

 

 

About GBC Finance

 

Where is GBC Finance located?

 

601 Sawyer St., Suite 100, Houston, TX 77007. Phone (713) 227-8209. Open Monday–Friday 9 a.m.–5 p.m. and Saturday 9 a.m.–1 p.m.

 

Do you sell my loan to another company?

 

No. Your loan stays with GBC Finance.