Are personal loans legal in the United States?

In case you are wondering what the Annual Percentage Rate or APR is, here's a short answer. It is the annual rate that interest borrowers have to pay out on top of the sum of the money they've borrowed. For instant loans, the APR typically is anywhere between 391% and over 521%. However, if you get same day loans from us, your annual percentage rate is only 3.7%, which is the best offer in the industry.

Who’s eligible for a personal loan?

Let’s say you request a loan amounting to $3,000 that you are going to pay back within a period of 12 months. If your arrangement fee is 3% (which is $90), the sum you will need to repay each month will equal $283.68. The 3% fee for the selected period of time will amount to $494.16 in total. Therefore, the overall sum you will need to pay back will be $3,404.16.

What is a loan agreement?

Using is free of charge. However, this does not imply that cash loans you request are also free. All the charges, interest rates, repayment terms, and other obligations of each particular loan are specified in the agreement. Be sure to study it carefully before signing any documents.

What makes a loan agreement complete?

When you receive an instant loan you fall under the obligation to pay it back according to the terms specified in your loan agreement. A missed or late payment may lead to certain penalties. The penalties for violation of the loan agreement vary depending on your specific situation. As a rule, all the penalties and charges for late payment or non-payment are stated in the agreement. Keep in mind that such violations may influence your credit score negatively. Be sure to get in touch with your lender in case you feel you may not be able to pay back the loan on time.

What is your policy on the management of users’ data? is not a lender. We do not check the credit capacity or credit score of our customers. Therefore, leaving a loan request at our site is considered a soft inquiry, which has no influence on one’s credit score.
However, keep in mind that some lenders may check your credit standing in order to define whether you are eligible for a loan or not. If this is the case, a lender will likely request your credit story details from one of the three key bureaus – Equifax, Transunion, or Experian. When a lender carries out a credit check, such inquiries are most likely considered to be hard ones and may impact your overall credit score.

Are there any terms concerning the usage of your website?

The term “collection practices” refers to a set of tactics and methods lenders use to collect a debt from borrowers who miss payments. Collection practices may vary from one lender to another and are typically specified in the loan agreement. Keep in mind that itself is not a lender and, thus, is not involved by any means in debt collection.

What can you tell me about rates and fees?

In a nutshell, a loan renewal is a feature that enables borrowers to delay repayment of their loans if, due to any reason, they are not able to pay it back on time. As a rule, a loan renewal implies paying an additional fee. Whether you are eligible for a loan renewal or not should be stated in your agreement. Make sure you study the loan renewal policies before you sign the agreement.