1. Fill Out the Simple Loan Request Form
Start by completing our straightforward loan request form on our website. Provide details such as the desired loan amount, your credit type, and the reason for borrowing. Input personal, banking, and income information to assist lenders in our network and third-party networks in determining your eligibility.
2. Receive Loan Offers
Upon reviewing your loan request, lenders or lending partners will assess and may extend an invitation to complete an application on their platform. If approved, you’ll receive a comprehensive loan agreement outlining terms like the repayment amount and timeframe. It’s crucial to understand these terms before accepting an offer.
3. Accept the Loan Offer
If you agree to the terms outlined in the loan agreement, the lender will transfer the funds directly to your bank account. The transfer timeframe depends on the lender and your eligibility, typically ranging from one to five business days.
4. Explore Additional Services
After our attempt to connect you with a lender, you may come across advertisements for lenders and other credit-related products and services such as debt relief, credit repair, and credit monitoring. These additional offerings help sustain our free service.
Personal Loan Requirements
While we accept loan requests from individuals with any credit score, lenders in our network typically seek borrowers who meet specific criteria:
- Age/ID/Residency Status: You must be at least 18 years old, possess a valid Social Security number, and be a legal U.S. citizen or permanent resident.
- Income: Demonstrating a reliable income source, whether through full-time employment, self-employment, or regular benefits, is essential for loan approval. Some lenders may require income verification.
- Bank Account: Most loans require a valid checking account for funds transfer.
- Credit Type: While good credit enhances your chances, it’s not always necessary. However, maintaining a responsible financial history significantly improves your eligibility.
Types of Personal Loans
Peer-to-Peer Loans
Borrow directly from individuals or companies, facilitated through our peer-to-peer lending network. Investors review loan requests and may offer you financing based on your needs and their preferences. Enjoy fixed monthly payments until the loan is repaid, typically ranging from $250 to $5,000.
Personal Installment Loans
Request a loan online, receive a tailored loan agreement, and have funds deposited directly into your bank account. Repayment terms vary, with loan amounts ranging from $250 to $5,000.
Bank Personal Loan
Receive personalized service by requesting a loan in person at your local bank branch. Alternatively, some banks offer online application options. Enjoy fixed rates and potential same-day funding for loans up to $5,000.
Each loan type has specific requirements and terms tailored to suit your financial situation. Explore your options and find the top fit for your needs with our simple and efficient process.