FAQ

What is a personal loan?

Personal loans are unsecured (no collateral) loans up to $35,000. Lenders offer personal loans based on creditworthiness (determined by credit reports) and ability to repay (determined by income). These loans can be used for a variety of reasons, including consolidating debt or paying off high interest credit cards.

Please use personal loans responsibly.

How does personalloansexpress.com work?

personalloansexpress.com is not a lender and does not make credit decisions. PersonalLoansExpress.com is a loan connecting service that connects consumers who are looking for financial assistance with independent, third party lenders who may be able to provide a loan.

personalloansexpress.com connects you with lenders based on the loan you are looking for. personalloansexpress.com is committed to working with lenders who offer you the best terms available.

The process is simple and begins with filling out the form. The information you provide is shared with third party lenders who may make you a loan offer. There is no obligation to accept the offer, but if you do, the lender will provide further instructions.

These individual third party lenders each have their own terms and conditions. Please consult these before accepting the loan offer. In particular, check for information on annual percentage rates (APR), fees, repayment terms, and consequences of non-payment. If you have any questions about your loan, please contact your lender.

Can I qualify for a personal loan?

personalloansexpress.com is not a lender. Our third party lenders make decisions on who qualifies for loans, in what amounts, and on what terms.

Does personalloansexpress.com charge a fee to connect consumers with independent, third party lenders?

The process of registering with personalloansexpress.com is free for the consumer (you). We are compensated by independent, third party lenders for potential customer referrals.

How much can I borrow?

personalloansexpress.com connects consumers (you) to third party lenders offering loans as low as $1,000 and as much as $35,000. The amount of your loan, fees, APR, repayment terms, and other conditions are determined by the third party lenders based on creditworthiness (determined by credit reports) and ability to repay (determined by income).

If approved for a loan by an independent third party lender, how quickly could I receive it?

The transfer into your bank account could happen as early as the next business day. This will vary depending upon your lender and your financial institution. If you have additional questions regarding the transfer time, please contact your third party lender.

What are the minimum requirements to apply for a loan?

The following constitute typical minimum requirements. Although individual, third party lenders have different minimum requirements:

  • Be at least 18 years of age or older
  • Have a checking or savings account with direct deposit
  • Have regular income
  • Have a fair credit rating
  • Must not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or a dependent thereof), serving on active duty under a call or order that does not specify a period of thirty days or less

Is the information I provide secure?

personalloansexpress.com employs a number of state of the art security measures. These measures are designed to keep your information secure. In addition, all sensitive data transmitted between your browser and personalloansexpress.com uses 128-bit Secure Socket Layer (SSL) encryption technology. Your use of our services is strictly voluntary and is governed by our Terms & Conditions of Use and Privacy Policy.

How long does a loan transaction take?

The time frame from registering with personalloansexpress.com until being made an offer by an independent, third party lender can be as fast as one business day. There are a number of factors that may impact this, including the time of day you apply, the accuracy of your registration, the lender and your financial institution.

When must I repay my loan?

personalloansexpress.com is not a lender, we are an advertising referral service to qualified third party lenders. The independent, third party lenders each have their own terms and conditions, including those concerning repayment. Currently the independent third party lenders in our network offer repayment terms of between 61 days and 180 months.

Will independent, third party lenders perform a credit check and what are the credit implications?

In making their decision to offer you a loan, the independent third party lenders may perform a credit check. This credit check may be a formal credit inquiry which leaves a record on your credit report and may affect your credit score (a “Hard Check”). Or it could be an informal inquiry which will not affect your credit (a “Soft Check”). These credit checks may be performed through TransUnion, Equifax, or Experian (the “Big Three”) or they may be performed through other alternative credit reporting agencies or data aggregators (such as Microbilt, Teletrack, DP Bureau, or DataX) that track consumer transactions with lending institutions.

What are the implications of late payments and non-payment?

This varies by lender, so check with your lender before agreeing to the loan offer. Please be fully aware of the consequences of late payment and non-payment. Typical consequences of late payment or non-payment may include, late fees, negative disclosure to credit reporting agencies, referral to a collection agency, legal process, or judgment.

Is approval guaranteed?

There is no guarantee that you will be approved by one of our participating lenders.

How can you use your Personal Loan?

  • Weddings
  • Home Renovations
  • Medical Expenses
  • Vacations
  • Debt Consolidation
  • Emergencies
  • Auto Repair
  • Other
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Increased Flexibility for All Situations

Personal loans are incredibly versatile, meaning you can use the funding for all your individual needs.

We work with a large network of lenders to provide you with the fast loans you need. You can get started by signing up online from the convenience of any internet-connecting device. The loan registration process has been simplified just for you. If you’re approved, your funds will be available as soon as the next business day.

Personal loans don’t require any personal collaterals, so you can sign up with complete peace of mind.

We are dedicated to providing unparalleled help and support throughout the process. Registering for a loan is faster, easier, and more secure with us.

Material disclosure

APR Disclosure. Some states have laws limiting the APR (Annual Percentage Rate) that a lender can charge you. APRs range from 3.09% to 35.99% APR with terms from 61 days to 180 months. For example, you could receive a loan of $6,000 with an interest rate of 7.99% and a 5.00% origination fee of $300 for an APR of 11.51%. Your actual rate depends upon credit score, loan amount, loan term, and credit usage and history, and will be agreed upon between you and the lender. Some states have laws limiting the APR (Annual Percentage Rate) that a lender can charge you. Loans from a state that has no limiting laws or loans from a bank not governed by state laws may have an even higher APR. The Annual Percentage Rate is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement.

Material disclosure. The operator of this website is not a lender, loan broker or agent for any lender or loan broker. This website is not an offer of credit nor is it a solicitation to lend. We are an advertising referral service for qualified participating lenders that may be able to offer loans in amounts between $1,000 and $35,000. Not all lenders can provide up to $35,000 and there is no guarantee that your request for an offer of credit will be accepted by an independent, participating lender. The registration information submitted by you on this website will be shared with one or more participating lenders. You are under no obligation to use our service to initiate contact with a lender, apply for credit or any loan product, or accept a loan from a participating lender. We do not endorse or recommend any lender or loan. If you are offered a loan by a participating lender, it may not necessarily be the best loan available to you. We do not control and are not responsible for the actions of any lender. We do not have access to the full terms of your loan. For details, questions or concerns regarding your loan please contact your lender directly. Only your lender can provide you with information about your specific loan terms, current rates and charges, renewal, payments and the implications for non-payment or skipped payments. Loan transfer times and repayment terms vary between lenders. Repayment terms may be regulated by state and local laws. Any compensation we receive is paid by participating lenders and only for advertising services provided. This service and offer are void where prohibited. Lenders may perform a credit check to determine your creditworthiness. This service is not available in all states, and the states serviced by this Website may change from time to time and without notice. Some faxing may be required. These disclosures are provided to you for information purposes only and should not be considered legal advice. Be sure to review our FAQs for additional information on issues such as credit and late payment implications.

Exclusions. Residents of some states may not be eligible for some or all short-term, small-dollar loans. Residents of Arkansas, New York, Vermont and West Virginia are not eligible to use this website or service. The states serviced by this website may change from time to time, without notice.

Credit Implications. The operator of this website does not make any credit decisions. Independent, participating lenders that you might be connected with may perform credit checks with credit reporting bureaus or obtain consumer reports, typically through alternative providers to determine credit worthiness, credit standing and/or credit capacity. By submitting your information, you agree to allow participating lenders to verify your information and check your credit. Loans provided by independent, participating lenders in our network are designed to provide cash to you to be repaid within a short amount of time. The short-term loans are not a solution for long-term debt and credit difficulties. Only borrow an amount that can be repaid on the date of your next pay period. Consider seeking professional advice regarding your financial needs, risks and alternatives to short-term loans. Late Payments of loans may result in additional fees or collection activities, or both. Each lender has their own terms and conditions, please review their policies for further information. Nonpayment of credit could result in collection activities. Each lender has their own terms and conditions, please review their policies for further information. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender’s renewal policy.