1. What is a personal loan?
A personal loan is a medium-term loan with a reasonable interest rate, repaid in equal monthly installments, usually up to two years. Our experts can help you secure up to $5,000, depending on the lender, your state, and financial situation.
2. What do I need to be approved?
- - You must be a legal US resident, 18 years or older.
- - Provide valid contact details.
- - Be employed with a steady income.
- - Have an active bank account.
3. Is the loan application process safe?
Yes, we use advanced encryption and security measures to protect your data and ensure your privacy throughout the loan application process.
4. How long does it take to get a loan?
The process is quick, often completed within minutes. Typically, borrowers receive funds within one business day.
5. Can I be approved with a bad credit score?
Some lenders may review traditional credit scores, while others may check for bankruptcy or outstanding debts. Generally, poor credit may affect loan terms but won't necessarily prevent approval.
6. Why contact the lender directly?
We connect you with reliable lenders but do not provide specific loan terms or make credit decisions. For issues regarding loan agreements, contact your lender directly.
7. What is the annual percentage rate (APR)?
The lender will provide details about fees and APR in writing after you submit a loan request and before you sign the loan agreement.
8. Why might I need to renew a loan?
Some borrowers may need to renew loans due to unforeseen circumstances. Renewal typically incurs additional interest and fees. Contact your lender to understand these terms before agreeing to them.
9. What if I can’t repay on time?
Loan agreements outline the consequences of missed payments, including penalties and collection practices. Review these terms carefully before agreeing to the loan.
10. How many loans can I have at once?
The number of simultaneous loans depends on state laws and individual lender policies. Each lender determines their limits in compliance with applicable laws.