Today, April 22, is the last day that you can apply for the TaxPack 1-2 Day Rapid Access Loan. We honor your requests until 10 PM EST. During the tax season, we offer this product as a convenience to our clients. After tonight, we do not expect this product to be available in 2010. Due to tighter lending regulations and the nature of today's economy, banks will not be providing these loans for online tax companies.
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. We offer the lowest cost tax return filing and RAL 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 TaxPack's 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 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 still 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.
