Checking your rate won’t impact your credit score.*

FAQ’s for Personal Loans

Before applying for a personal loan, it is important that you understand the benefits, risks, costs, and terms before you commit to a loan. FAQ’s for Personal Loans

What is needed to apply for a personal loan?

Applying for an unsecured loan online takes only a few minutes to complete and does not require any personal info. Typically, loan applications simply require details such as name, address, and contact information, plus some basic questions concerning your income and credit info.

Loan Terms: How long are the repayment periods of the loan?

The term or length of your loan is based on a combination of factors. Repayment terms go from 61 days to 15 years. One of the benefits of these types of loans is they enable you to compare loan terms. You can choose a term or repayment period that meets your needs and financing goals.

What is APR*?

APR is an acronym for annual percentage rate. It refers to the annual interest rate that the lender charges on a personal unsecured loan. The actual APR numbers vary but will always cap at 35.99%. In most cases, Internet lending companies provide an APR somewhere between 5% and 30%. The annual percentage rate of your loan will depend on several factors such as credit score, debt-to-income ratio, and financial track record. *APR rates mentioned do include fees associated with the loan.

Representative Example

For a loan of $20,000 over 36 months at a fixed rate of 10.74% per annum and fees of $60.00. This would result in a representative rate of 10.74% APR, with monthly repayments of $652.37, for a total amount paid of $23,485.32. This example is an estimate only and assumes all payments are made on time. Rates are subject to change without notice and are controlled by our third-party advertisers. You may not qualify for a personal loan at all, or you may not qualify for the lowest rates or the highest offer amounts. Loans are subject to participating lender approval.

Loan amounts range from $10,000 - $100,000 and are subject to state requirements. Loan proceeds may not be used for post-secondary education expenses or to purchase securities or cryptocurrency.