We are committed to giving you a quick, easy, and secure way to request a loan. We are not a lender, but we work with a network of reputable loan providers.
If you want to learn more about personal loans from the legal point of view, please read some information we’ve gathered for you below. Note that we provide the data for guidance only and that legal information is subject to change. If you’d like to get the latest legal info, visit governmental websites and other relevant sources.
We encourage our users to check this section before they submit a request.
Are personal loans legal in the United States?
Personal loans are legal, indeed. However, every state has its own standards and regulations regarding online lending, that’s why it’s always a good thing to have a talk about personal loans with the authorities of your state or, at least, visit corresponding governmental websites.
Who’s eligible for a personal loan?
According to the US legislation, only residents of our country have the right to get a personal loan. They should be at least 18 years old to be eligible. You’ll also need to have a stable source of income. That means that you can use our website to get the funds you need if you’re an adult and a legal US resident with means of financially supporting yourself.
What is a loan agreement?
A loan agreement constitutes a contract between you and a person who’s willing to lend you money. This is the very document that makes things real and controlled by law. If one of the parties violates the provisions of the agreement, there will be legal consequences.
What makes a loan agreement complete?
As soon as you e-sign a loan agreement, you can’t back away. In this case your e-signature confirms that you’ve agreed to all the terms, that’s why we recommend that you think twice before e-signing something.
What is your policy on the management of users’ data?
Are there any terms concerning usage of your website?
Please take a look at our Terms to find out about them.
What can you tell me about rates and fees?
First, our website is totally free. Second, we have a special section, Rates and Fees, to cast a little light upon the matter. And third, such things are indicated in your loan agreement. We don’t have any specific details about them.
APR Disclosure. Some states have laws limiting the Annual Percentage Rate (APR) that a lender can charge you. APRs for cash advance loans range from 200% to 1386%, APRs for installment loans range from 6.63% to 485%, and APRs for personal loans range from 4.99% to 450% and vary by lender. 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 APR 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. APR rates are subject to change.
Exclusions. Residents of some states may not be eligible for some or all short-term, small-dollar loans. 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. Every lender has its own renewal policy, which may differ from lender to lender. Please review your lender’s renewal policy.