Personal Loans Review
- 4.8
PersonalLoans.com provides a way for consumers to be connected with a personal loan through their network of lenders and lending partners.
Highlights
- Simple and secure online loans
- You can apply using a “soft credit pull” that doesn’t hurt your credit score
- The PersonalLoans website is free to use
- Minimum credit score: Not specified
- Minimum age: 18 years
About
PersonalLoans.com provides a way for consumers to be connected with a personal loan through their network of lenders and lending partners. Though their online process is designed to connect clients to potential lenders or lending partners, they do not function as a lender themselves. If a loan offer is found, then they redirect you to the lender or lending partner’s offer page containing the details of the loan.
Requirements
- Age/ID/Residency Status: You must be 18 or older to be eligible for a personal loan. You must also have a valid Social Security number, and be a legal U.S. citizen or permanent resident
- Income: In order to ensure that you will be able to repay a loan, you must either have full-time employment, be self-employed, or receive regular disability or Social Security benefits. Some lenders or lending partners may require a pay stub or other form of income verification
- Bank Account: Most loans require a valid checking account, as once a loan is approved for you through PersonalLoans.com, your lender or lending partner will deposit your funds directly into said account
- Credit Type: You do not necessarily need to have a good or excellent credit record to qualify for a personal loan. However, most loans do require that customers demonstrate a pattern of responsibility. To be eligible for a personal loan product, typically an individual must not have any accounts more than 60 days late; must not have active or recent bankruptcies; must not exhibit a pattern of late payments; must not have any debt that cannot be covered by current income; and must not have any recently charged-off accounts
Typical Requirements
- Credit Score: 600+
- Minimum Income: $2,000 per month, must be verifiable
- Income Source: Employed or Self-Employed
Representative example
Loan Amount $2,000, Period: 12 months, Monthly repayment: $189.12, Total amount repayable $2,269.44, APR: 24%
NB! The actual loan amount, term, and APR amount of the loan may vary based on credit determination and state law.
Additional information
Legal address:
PersonalLoans.com
560 E 200 North, Suite 18
Roosevelt, Utah 84066
Phone number:
1-800-772-2274
Email address:
Office hours:
Monday to Friday, 6 am to 7 pm PST
