APR Disclosure:
The Annual Percentage Rate is the rate at which your loan accrues
interest. It is based upon the amount of your loan, cost of the
loan, term of the loan, repayment amounts and timing of payments
and payoff. By law, the lending partner and partner must show you
the APR before you enter into the loan. States have laws limiting
the APR that the lending partner or partner can charge you. Rates
will vary based on your credit, loan size and whether collateral is
provided, with the lowest rates available to customers with good
credit on larger, secured loans. Minimum and maximum loan amounts
and APR may vary
according to state law and lending partner or partners. We
recommend you read the lending partner's and partner's personal
terms and conditions in full before proceeding for a personal
loan.
For example, if you borrow $5,000 on a 3 year repayment term and at a 10% APR, the monthly repayment will be $161.34. Total repayment will be $5,808.24. Total interest paid will be
How a Personal Loan Works
Personal loans give you a one-time lump sum. The money from your personal loan allows you to pay for home improvement, higher education, debt consolidation, medical bills, and other major purchases. This financial solution helps many people eliminate large debts with a single payment.
It’s important to know that the better your credit score is, the lower the interest rates will be on your personal loan. The terms of your loan will require you to commit to a monthly payment. As long as you make your payments on time each month, your personal loan can actually help to improve your credit.
