Knowledge Base


Knowledge Base SameDayLoans365.org specializes in helping everybody who is looking for a loan. Good or bad credit – it doesn’t really matter. What matters to us is your need to cover necessary expenses and your word that you will pay back the loan.

Before accessing the application form and requesting a loan, it would be a good idea to read more about what loans we offer and what each of them is suitable for.

The direct lenders we work with, offer several types of loans. You can read in details what each of them means by accessing the corresponding category:

  1. Bad credit loans – short or long-term loans, suitable for covering expenses that cannot be postponed. The borrowers are people with bad credit, who cannot get a loan elsewhere. These loans can be repaid in installments during a period of up to 60 months.
  2. Payday loans – these loans are also meant to cover urgent expenses but are to be repaid in one payment, usually with the upcoming paycheck.
  3. Installment loans – this is a loan that, besides solving the financial issues, may also help increase the credit score. It has a flexible repayment schedule, which is established taking into consideration the borrower’s situation.

Each type of loan, as well as all associated information about loan fees, advantages, guides is thoroughly described in our Knowledge Base. If all that you know is that you need money but aren’t sure about how each loan goes, make sure you read the corresponding guide carefully.


Loan fees and penalties

Make sure you perfectly understand the fine print! This guide will help you avoid any unpleasant surprises referring to associated loan fees and penalties.

Loan Interest Rate: What it is and How it Works

Understanding how interest rate works will help you better manage your loans and repayments, motivating you to improve your credit score immediately.

Debt to Income Ratio: Top Indicator of Your Financial Health

Learn how Debt-to-Income Ratio is calculated to understand how it works and how can you increase your chances of having your loan application accepted.

What is the Difference between Principal and Interest

Understanding the fine print related to interest and principal will help you see which option is best for you when it comes to choosing an interest only loans or an interest and principal loan.

Advantages and Disatvantages of Joint vs. Single Loan Application

Are you considering to apply for a joint or single loan and you don’t know what to choose? Both have pros and cons that need to be taken into account when applying for a loan.