How to apply for a loan?
First, you'll need to fill out the pre-qualification form. Based on the information you provided, this online personal loan provider will give you a list of loan options after conducting a soft credit check. Once you decide on the option that best suits your needs and requirements, you can finish applying by giving information regarding your employment, income, SSN, and address.
After you submit all the required data, you'll be asked to wait for the company to review your application. In case an application is approved, you can get the money as quickly as the subsequent business day.
Requirements
In order to get a personal loan with this lender, you have to be at least eighteen years old (or nineteen years old or twenty-one years old, depending on the state). People residing in Massachusetts are not eligible to apply for a loan. There are no clear-cut credit score requirements, but you are expected to have a credit score of at least 580.
Your credit score is not the sole deciding factor in whether you get approved. The company representative will assess your creditworthiness, past repayment activity, and several other factors before arriving at a decision. Since this company doesn't offer secured loans or loans with cosigners or co-applicants, the decision will be based solely on your financial status. The higher your credit score and the better your financial situation, the better chance you have of qualifying for a more lucrative repayment term.
Application details
In the initial stages of the application process, you will be asked to provide basic personal data, including your full name, home address, housing status, employment and income information, SSN, and more. You will need to provide personal and employment documents to support your application. It's also required to reveal the loan needed and the purpose of your loan.
It doesn't take very long for the application to be reviewed. Usually, it doesn't take longer than 60 minutes. The most frequent reasons for being denied a personal loan include insufficient credit score, suspicious financial histories, failure to corroborate information, and lack of stable income.
