Frequently Asked Questions
You Ask, We Answer
Here’s where you’ll find all the answers to your questions. Still can’t find the answer you’re looking for? Don’t hesitate to call 833-700-7245 to speak to one of our friendly customer service representatives, or contact us online.
Can I apply for a loan from SAIL if I have less-than-perfect credit?
Yes, less than perfect credit will not prevent you from qualifying for a loan from SAIL. Even if you have been turned down by other lenders, SAIL may be able to assist you in obtaining a credit option that fits your needs.
What documents are needed to apply for a loan?
Please have the following ready when applying for a loan online:
- • Valid Drivers License/State ID
- • Current Bank Statement tied to your direct deposit - 30 days of transactions
- • Pay Stub (most recent) OR Benefits Letter (most recent)
Proof-of-income may include a government benefits award letter with a recent bank statement displaying proof of direct deposits within the last 30 days.
How can I participate in the Refer-A-Friend Program?
Our Refer-A-Friend program allows you to earn while sharing SAIL with your friends, family members, and co-workers. Follow the steps below and you’ll receive $50… and your friend gets $25, too!*
- Copy the customized link in the customer portal and share it with your friends!
- They apply for a loan using your portal link or by providing your name or Referral ID number.
- If approved, you will receive up to $50 and they will get up to $25 credit towards their new loan.*
*Restrictions may apply. Referring customer name or ID number must be presented at time of new loan origination in order to be eligible. Checks may be issued instead of cash. Offer is subject to termination at any time.
How will I know when I have been approved for a loan?
SAIL online applicants will receive an email notification when approved.
Will I receive emails and/or text messages from SAIL?
SAIL uses email and text communications to keep you informed of your loan approval, payment reminders, promotions, events and more. It’s very important that you receive all email and text communication from SAIL concerning your account.
To ensure you receive important emails from SAIL please add our email address, cs@sailoans.com to your address book as a trusted contact.
What is a Credit Builder Loan?
A credit builder loan is an installment loan that is paid back through a series of payments, helping you build your credit history. While making payments, the customer savings component will grow with interest. This component will remain secure until you finish your payments, then that money will be transferred to you within 15 days.
How much money can I receive from SAIL?
The amount you’re approved for is based information you provide in your SAIL application.
There are also state-mandated loan amount limits. Please visit your State page to view loan Rates & Terms.
Is Same Day Funding Available?
When you complete your application before 1:30pm CST with all required documents, underwriting approval and signatures, you are eligible to receive your cash the same day. Restrictions may apply.
What are my repayment options?
You can take advantage of the following repayment options:
- Installment Payments: You may pay back your loan principal plus accrued fees through a number of scheduled payments made over the loan term.
- Full Payment: You may pay back your loan in full at any time without any prepayment charges.
- Early or Partial Payment: You may make an early or partial principal payment on your loan at any time with no prepayment penalties.
What is the finance charge?
If you currently have an active loan please contact our Customer Service Team via email at cs@sailloans.com or by phone at 833-700-7542.
Please see our Rates & Terms pages by state for more info.
How do I change my SAIL password?
To update your SAIL password, follow these steps:
-
• Log into your SAIL online customer portal account
- • Under "MANAGE ACCOUNT", select "CHANGE PASSWORD"
- • Type in your current and new passwords and select "NEXT". Your password is now updated.
How do I update my bank information with SAIL?
If you currently have an active loan with SAIL Loans, please call 833-700-7245 or email cs@sailloans.com.
Please be prepared to fax, text, or email a copy or photo of a voided check or bank statement from your new bank account. Also, if you are submitting a voided check, please do not submit starter checks, as we do not accept these as valid proof of bank information.
How do I update my employer information with SAIL?
To update your employer information with SAIL, please call 833-700-7245 or email cs@sailloans.com.
How do I update my SAIL Loans customer profile?
To update your employer information with SAIL, please call 833-700-7245 or email cs@sailloans.com.
What if I forgot my SAIL password?
To reset your SAIL password, follow these steps:
- • Click the "NEED HELP?" link under the customer login section in the top right corner of the website
- • Select "I FORGOT MY PASSWORD" and fill in your username. Then select "NEXT"
- • Select "I FORGOT MY PASSWORD" and fill in your username. Then select "NEXT"
What if I forgot my SAIL username?
- Please call 833-700-7245 to reset or retrieve your SAIL username.
*Hint – Your username may be your email address.
How do I provide payment information to the SAIL Customer Support Department?
Please call 833-700-7245 to speak with a representative. Do not email or fax any credit card or bank information to our Customer Support Department.
What if I do not have the money in my bank account to satisfy my upcoming payment?
You must contact us immediately to set up payment arrangements. If your debit is returned unpaid from the bank for any reason, we will initiate recovery procedures immediately.
