Frequently Asked Questions
Application & Eligibility
How can I apply for Federal employee loans online?
- Apply Online: Fill out our online, short, secure form and search an industry-leading panel of lenders to find the best USPS or Feds loans.
- Check Your Offer: Once you get a loan offer from the lender, you can review it thoroughly and get your cash.
- Get Your Money: Once accepted, your money will be directly deposited into your bank account within 10 minutes.
What loan amounts can you provide?
Our fixed short-term loans range from $100 to $5,000. The final loan amount depends on your lender and ability to repay.
What do you mean by "Federal" loans?
CreditsBox is a dedicated finance platform for hardworking USPS and Federal government employees. We offer them instant approval and funding for short-term loans, even if they have bad credit.
Who is eligible to apply for federal loans?
At CreditsBox, we always try to keep things simple. Our loans are dedicated to USPS and Federal government employees, including the United States Department of Health and Human Services (HHS), Transportation Security Administration (TSA), United States Department of Veterans Affairs (VA), and many other non-military government departments. Non-federal individuals also apply for loans as they meet the following criteria:
- Be 18 years or older.
- Be a permanent citizen or resident of the United States.
- Have been employed for at least 3 months.
- Active checking account to receive funds.
- Ability to repay the loan on time.
How long does it take to apply?
Typically, the whole application process takes 2-5 minutes. Arrange all your personal, banking, and employment details in advance to achieve fast completion. It will help to increase the application process.
How long will it take to receive the money?
Once your federal government loan is approved, lenders deposit the funds directly into your account within 10 minutes*. However, the process may take longer, depending on your banking clearance.
Can I get a Federal government loan with no credit check?
Options are limited and come with high interest rates and fees. There are some lenders who make lending decisions based on other factors like employment and income rather than credit score.
Is it possible to get a USPS or Federal loan with bad credit?
Yes, you can qualify for a Federal loan with bad credit, but it might come with higher interest rates and fees. Usually, USPS and Federal employees earn a steady income, so their chances of getting bad credit loans are higher.
Can I apply and receive the money at the weekend?
At CreditsBox, we accept and process applications 24/7/365, including weekends (Saturday and Sunday) and public holidays. So, funds are directly transferred to your bank account whenever your Federal loan application is approved.
Fees & Interest
How much will my loan cost?
You can thoroughly check your loan offer to know exactly how much interest you'll need to pay and how much each repayment will be. Usually, short-term loans' average interest is between 8% and 13%. If you are confused, directly ask your lender.
What fees do you charge?
Usually, lenders don't charge fees to apply, run your account, or if you repay early. However, they may impose fees if you can't repay the loan on the agreed-upon date.
Making your payment
How do I make loan repayments?
At CreditsBox, lenders automatically make repayments by direct debit from your bank account on the due date. In this way, you never miss your repayments and face penalties for late payments.
What if I am not able to pay back the loan on time?
If you have problems with your repayments, contact your lender and discuss your situation. In most of the cases, lenders will always have a solution.
Can I pay early?
Yes, there are no fees for repaying early.
Can I reduce my repayments?
If this happens, please get in touch with your lender as soon as possible. They offer alternative payment options and help you get back on track.