Loan Overview and Eligibility

 

A personal loan is a type of loan that you can obtain for a specific period, typically ranging from several months to several years. 

The loan amount can vary, with lenders offering loans anywhere between $1,000 and $100,000. Your eligibility for a personal loan depends on factors such as your credit score, credit history, and the regulations in your state of residence.

There are two types of personal loans: secured and unsecured. Each lender has its own terms and conditions for providing these loans. 

While we are not a lender ourselves, our aim is to connect you with a suitable loan provider that meets your needs.

A personal loan can be a lifesaver in times of financial need. Whether you have an overdue utility bill, a personal emergency, or simply need some quick funds to get through the week, a fast-funded loan can come in handy. 

The lending partners we work with cater to individuals with all types of credit scores and can provide prompt funding. 

Feel free to submit your online form with confidence, as it's free to get started and there is no obligation.

The versatility of a personal loan allows it to assist you in various situations. 

Whether you're facing a hefty medical bill, need to repair your car, or want to undertake a home improvement project or make a significant purchase, a personal loan can provide the necessary funds. Our streamlined process is designed to ensure a fast and efficient experience for borrowers like you. 

By accessing our network of lending partners, you may qualify for a loan of up to $100,000, and in some cases, you can receive the funds within one business day.

When it comes to personal loan terms, the APR (Annual Percentage Rate) and loan duration can vary among our network of lenders and lending partners. 

Many providers offer interest rates ranging from 5.99% to 35.99%, with loan durations ranging from 90 days to 72 months. 

The actual interest rate depends on factors such as the loan amount, loan term, credit score, credit usage, and credit history. 

Once you receive a loan offer, you will have the opportunity to review the final terms and APR before accepting the loan agreement. The APR is set by the lender, and you will be informed of the final rate before finalizing the loan terms. 

It's important to note that the APR can be influenced by the information you provide in your loan request as well as the information provided by the lender.

To provide you with a better understanding, here are a few representative examples:

Example 1: Loan Amount: $1,500 Loan Term: 18 months Origination Fee: 3% Monthly Repayments: $100.05 Total Payback Amount: $1,800.93 Total Cost: $255.93 Representative APR: 19.99%

Example 2: Loan Amount: $5,000 Loan Term: 38 months Origination Fee: 6% Monthly Repayments: $182.74 Total Payback Amount: $6,944.12 Total Cost: $1,644.12 Representative APR: 17.53%

Please note that these examples are for illustrative purposes and the actual terms and costs of your personal loan may vary.

When it comes to typical personal loan terms, they can vary depending on your state, lender, and individual circumstances. However, here is a general range of common terms:

  • Loan amount: $300 - $15,000
  • Lending period: 6 months to 72 months
  • Payment frequency: Monthly or bi-monthly
  • APR: Varies based on credit score, repayment history, and other factors
  • Prepayment penalty: None

The APR is an essential factor in understanding the cost of your loan.Top of Form