April 20, 2009 will be the last day that you can apply for the RapidTax.com 1-2 Day Rapid Access Loan for tax year 2008. RapidTax.com will stop accepting RAL applications at 6 PM on Monday the 20th.
The loan will be available again in January of 2010 when the filing of 2009 tax returns begins.
What is the Rapid Access Loan (RAL)?
The Rapid Access Loan is a low cost loan product offered online through RapidTax.com and enables the taxpayer to receive a loan in the amount of his/her federal tax refund in 1-2 business days after IRS acceptance. When you combine tax return filing and RAL fees, you will see that we are one of the most competitively priced in the industry. The filing process is simple and only take 10-40 minutes to complete. Upon IRS acceptance and loan approval, you can expect to get money fast. How fast? 1-2 days fast. Receive up to the amount of the anticipated federal refund minus RapidTax's and the lending bank's (Santa Barbara Bank & Trust - SBBT) fees.
What is the difference between RapidTax.com Rapid Access Loan and other rapid refund type loans?
Many companies in the industry who offer similar loan products receive complaints about the high fees. The combination of our loan product and tax filing fees are one of the lowest in the industry. We are less than half the price of tax preparation and accounting offices, and even when you compare our fees with other online companies, we are usually priced considerably lower. Why do we do this? It's because we don't believe in ripping off the consumer. Also, our proprietary system is so efficient that we can pass the savings onto you.
