Personal Loans Review

personal loans

4.3 rating

Foundation Year
2017


Office Address

560 E 200 North, Suite 18, Roosevelt, Utah 84066


Phone number
+1-800-772-2274


Locations
USA


Pros

  • Multiple lenders
  • Different types of loans
  • All credit types welcome
  • Available in all 50 states
  • Obligation-free rates quote
  • High loan amount
  • Personalized offers
  • OLA member
  • Flexible terms

Cons

  • Not a direct lender
  • No capability to apply by phone

Overview

Personalloans.com is a Roosevelt-based online portal that connects borrowers with various US lenders. The platform was launched in 2017. This is not a direct lender but a referral service, which means you will be able to get loan quotes from multiple financial institutions with a single online application. Loan amounts, terms, and rates are determined by the individual lender, and all credit types are welcomed.

What loans does PersonalLoans.com offer?

The company connects consumers to lenders offering personal loans online. A personal loan is an online installment loan with loans sizes between $1,000 and $35,000. Using this service, you can borrow for almost any purpose, such as a home improvement project, a car repair, a payday loan, debt consolidation, medical expenses, travel, or anything else. In addition, some participating lenders may offer lines of credit.

  • Peer To Peer Loans
  • Personal Installment Loans
  • Bank Personal Loan

What states do Personal Loans service?

The service is available throughout the U.S.: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

What terms and rates does this company offer?

Like other direct lenders, PersonalLoans.com doesn’t know definite interest rates and fees. These details are determined by the individual lenders from the network, based on your credit score, income, and the loan amount you need.

In general, participating lenders offer flexible terms, with loans ranging from $500 to $35,000. APRs typically range from 5.99% to 35.99%, and repayment options range from 90 days to 72 months.

How to apply for a loan from Personal Loans?

  • Step 1: Submit a loan application online. You’ll be asked to enter some basic personal information including your full name, social security number, your driver’s license or state ID number, birth date, phone number, home address, email address, military service member status. Then you will need to provide some financial information, such as your income, type of bank account you are using, employment status, loan purpose, your credit score.
  • Step 2: Receive offers from reliable lenders;
  • Step 3: Review loan offers, choose the best one, and accept it;
  • Step 4: Get your loan. You should have the funds in your account within the next business day, though the company can’t make any guarantees since it’s just a referral service.

How do I qualify for a loan?

To qualify for a personal loan, you will need to meet some eligibility criteria:

  1. be a US resident;
  2. be at least 18 years old;
  3. have a valid ID,
  4. have a regular income,
  5. have a checking account,
  6. have a good credit score.

Can I take a loan if my credit score is low?

You don’t have to have a perfect credit history to get approved for a loan; however, the higher your income and credit score are, the more likely you are to get approved. The lender is more interested in your ability to repay your loan on time.

How to pay a loan back?

Loan repayment options and terms are determined by a particular lender individually. Usually, payments are made bi-weekly or monthly via automatic withdrawals.

Can I pay a loan back earlier?

Yes. You can repay your loan early any time before the due date. Typically, lenders do not charge a prepayment fee.

Do Personal Loans have a mobile app?

The lender has a convenient and user-friendly mobile app. This app allows you to easily navigate features, request loan options, and access your personal account through any device – from your own home, office, or even on-the-go. The app is tested on a daily basis, ensuring a safe user experience.

Conclusion

PersonalLoans.com is a safe online service that helps consumers find loan offers with more flexible terms. The entire process is fast, reliable and easy.
With this platform, it’s easy to compare multiple lenders, loan limits, repayment options, and loan types.

Reviews

5.0 rating

My experience was very positive. The site was safe, very transparent in all its information, and safe to use. I got my loan via automatic transfer very quickly. The application took less than 15 minutes. The easiest way to get a loan for emergency needs.

Clarence Billington
1.0 rating

CROOKS and SCAMMERS!!! Beware!

Arthur Lane
5.0 rating

This is a good site – had no big problems, everything was easy and fast, and all the rates were competitive. Also, the customer service representative was great. 5 stars. Got approved quickly although my credit is only average.

Steven Cardenas
5.0 rating

I am so happy I’ve found this service and the APR was reasonable. It’s so difficult to find a loan service that you can really trust. I did some research beforehand and found many reviews that this website was safe and secure. The terms were clearly stated before i signed the agreement. I got a loan within 24 hours and i am so happy with it. I would surely recommend this platform to anyone, especially those who do not have a perfect credit score.

James Yates
5.0 rating

This was the easiest way to get a loan. You complete a short application, enter your personal info, then they show you a list of all the lenders that are ready to work with you. It’s very straight and hassle-free forward. You choose the best offer and get funds, I got $5,000 that same day.

Meryl Bryant

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