Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.3

Apply For Balance Credit

Advertiser Disclosure

How to apply

To get a loan, you need to submit a standard application. This process is quick and easy.

Requirements

To qualify for a personal loan with Balance credit, you need to meet the following requirements:

  1. You must be at least 18 years old.
  2. You must be a US citizen or have a permanent residence.
  3. It will help if you have an income you are ready to verify.
  4. You need to have a credit score exceeding 300.

Application details

Filling out the application takes approximately one minute, and decisions on approval or rejection are prompted almost instantaneously. If approved, you will get the funds through direct deposit to your bank account. Keep in mind that all the loan applications are processed and agreed upon before 6 pm CST on business days, and before 4 pm CST on Sundays are mainly funded the next business day.

The lender will inform you if it denies your application. You will get a Notice of Adverse Action within 30 days describing why they made such a decision. If you wish to cancel your application, feel free to contact Balance credit no later than 4:00 pm CST on the same day and ask for cancellation.

How to submit a loan application

To submit a loan application, you should create an account. You can read our illustrated how-to instruction in the Personal Account section.

FAQ

How trustworthy is Balance credit?

Balance Credit is a trustworthy platform for obtaining personal loans. It is licensed and regulated in the 25 states, and its official site uses data encryption to prevent a leak of your financial and personal information.

Does Balance credit verify income?

The lender does not specify the minimum annual income as part of its qualification requirements. However, is it only considering customers with a steady source of income.

Does Balance credit hurt your credit?

No. The company does not hurt your credit score. Balance Credit does not send requests or data about its borrowers to bureaus such as Experian, Equifax, or TransUnion. Therefore, applying for a personal loan from a US lender does not affect your credit score.

Financial products
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

2.8
Recommended FinScore™
0
300
650
1000
100.00 – 5000.00 $
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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2000.00 – 100000.00 $
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Balance Credit Loans Calculator

Balance Credit calculator will allow you to calculate an approximate payment schedule for the loan

Balance Credit calculator
Interest rates are given in accordance with the rates of the Balance Credit of 23.05.2024
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All Balance Credit’s reviews by may 2024
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3.2
Advantages
I haven't applied to the company for a loan yet, but I already like the fact that money can be received immediately. I studied the company's website and realized that everything seemed to be fine. Flexible conditions are what is needed in my case. such an offer is not always possible to meet and it is not very easy to negotiate something with the bank. They say nice people work here, I hope I won't be disappointed in them.
plus, I found out that there is no commission for the issuance and prepayment. It's very tempting.I think we'll find a common language.
Disadvantages
There is no mobile app. Well, I will use the company's website, although it is not as convenient as the application.The loan rates are high, but since there are no fees, this should just be taken for granted.
Complain
4.6
Advantages
Since this company first appeared, I have been using its services and am very satisfied with the terms of Balance credit, their customer support and how they process the application. For small loans, there is no better company to find. I usually follow the reviews about the companies I contact, and believe me, I often see positive reviews about this company. It doesn't surprise me at all. Thank you for the conscientious attitude to your customers!
Disadvantages
I would like to wish the company to improve its work a little. This concerns the fact that you can get a loan not in all states. My daughter is in Georgia and cannot apply for your installment loan. In addition, I would really like the loan amount to be more. It is not always possible to meet 5000. Everything else is fine with me.
Complain
2
Advantages
I like to apply to new young lenders like this one. The quality of service is excellent. They are trying to sort out your problem and give you the maximum possible amount. I needed money to finish the repair, I used to wait for approval and a decision, this is not the first time for me. But everything happened so quickly here, and within twenty-four hours I had the money on my hands.
I was pleasantly surprised by the conditions of the company, which has no penalties for prepayment, no issuance fees, or overdue payments. I didn't think this would happen.
Disadvantages
I didn't notice any negative aspects of this company. The only thing that surprised me was why such a young modern company does not have a mobile application. maybe I just couldn't find it. but it seems strange to me.
Complain
3.2
Advantages
I urgently needed a loan last month and I got it from here. My application was accepted and approved very quickly, I didn't have to prove or explain anything to anyone. To be honest, it did not seem reliable to me at first, since it is not licensed as I understand it. But since I received the desired amount, I can't say that I was dissatisfied.
I received the money on the same day when I applied to Balance Credit.I think I'm lucky because they don't have any issuance fees or prepayment fees.
Disadvantages
In this company, you can get a loan only if you live in one of the states where they work. It's not really convenient. I couldn't recommend Balance Credit to my friend from Illinois because of this.
I can't say that I liked the bets here. My APR when calculated turned out to be 680%. This is much more than I expected.
Complain
Overall company rating
3.3
/ 5
4 reviews
Execution of an application
4.0
Support service
3.8
Mobile app
1.0
Service quality
4.0
Your satisfaction level
3.5
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