PersonalLoans.com

Since 1998, PersonalLoans.com has provided a simple way for consumers to connect to an online network of lenders and lending partners to receive a personal loan. These loans can be used for a variety of reasons, including debt consolidation, medical expenses, auto repair, vacations, and home improvement.

Rather than funding personal loans themselves, PersonalLoans.com has a network of reputable lenders and lending partners that you can access by simply filling out a form on their website. To find out if you are eligible, you must provide information regarding the amount you want to borrow, your credit type, the reason for your loan, and basic personal information such as your income.

After receiving your loan request, affiliated lenders decide whether or not to approve your loan. If your information is not verified by the lender, they may deny the loan or ask for corrections. This whole process only takes a matter of minutes.

PersonalLoans.com offers three types of loans: peer-to-peer loans, which connect you with investors like individuals or companies; bank personal loans, which are funded by traditional financial institutions; and installment loans, which are funded by other finance companies.

Here are some of the requirements that PersonalLoans.com's large lender network is looking for. Please note that meeting these requirements does not mean that you will be connected with a lender.:

• You must be at least 18 years of age.
• You must have a valid Social Security number
• You must be a US citizen or permanent resident - You must be employed full-time, be self-employed, or receive Social Security or disability benefits.
• Lenders and lending partners may require a form of income verification such as a pay stub
• You must have a valid checking account.
• There is not a minimum required credit score, but you must not have any recent bankruptcies or charge-offs, have accounts over 60 days late, or have a track record of late payments
• You cannot have debt that can’t be covered by your current income.

Additionally, there are specific requirements to submit an online loan request for each specific loan type. For P2P loans, you must have a minimum credit score of 600 and at least $2,000 in verifiable income; for an installment loan, you need a minimum credit score of 580; for a bank loan, you need a minimum credit score of 580 and at least $3,000 a month. Meeting these requirements does not guarantee a loan, but it improves your chances significantly.

If you find a loan offer that suits your needs, you will be redirected to your lender's page to learn more details. Your lender may require you to fill out additional information to be considered for approval. Lenders may perform a hard pull on your credit, which can lower your score by a few points.

If you are approved, you will be sent the loan agreement with the terms and conditions, which include your repayment time, monthly payment, interest rate, and loan amount. If you agree to the loan terms, the funds are directly deposited into your bank account. Although you can receive your loans in as little as one business day, the amount of time it takes to receive the funds depends on your lending partner. Since PersonalLoans.com is not a direct lender, loan terms will vary by lenders or lending partners.

After this, you will be directed to your Account Center, where you can log in and make changes to any basic personal information if needed. This tool also allows you to submit more requests for a personal loan if needed.

Payments are made monthly or bimonthly and can be made through electronic funds transfer, online payments, or by phone. PersonalLoans.com is not a direct lender. If you have any questions about a loan you received, then please contact your lender directly.

Contact Information

Address: PersonalLoans.com 560 E 200 North, Suite 18 Roosevelt, Utah 84066 Email: [email protected] Phone: 1-800-772-2274 Hours: Monday through Friday, 6 am to 7 pm PST