Borrowing: Frequently Asked Questions

  • Can I complete the application process online?

    The initial steps can be completed online. We know that every circumstance is unique, that's why a lending advisor will contact you by phone to discuss and assist you with a funeral loan structure that is best for your specifics needs.

  • How long will the application process take for approval?

    The application process for approval ranges from 24 to 72 hours. Apply early, there is no cost and there is no obligation.

  • How long is the term of the loan? When do I have to pay it back? 

    The lending advisor discusses the terms of your loan and will answer any questions you have. We understand the challenges that people face when a family member dies. Repayment is not required for one year.

  • What costs can I pay with FuneralPaid?

    The loan is used to pay for the funeral home, burial, cremation, cemetery, and disbursement costs. Your lending advisor will discuss your needs and assist with structuring a loan that best fits your circumstances. Loan amounts are from $5,000 to $25,000.

  • Can I apply before making arrangements at the funeral home?

    Yes. Getting pre-approved is available and can only make the process easier for everyone. Click Apply Now on the FuneralPaid website and a lending advisor will contact you.

  • How do I know if a funeral home or cemetery offers FuneralPaid?

    A funeral home, cemetery, etc. will indicate they are providers of FuneralPaid. Look for FuneralPaid on their website, their social media pages, or simply call them and inquire.
    If the service provider (a funeral home, crematory, or cemetery) doesn't offer FuneralPaid as a payment option, you needn't worry. A loan through FuneralPaid is established between you and the lender. Payment will be sent to the specified service providers of your choosing.