Submitting an inquiry for a loan is easy, and you can obtain all of the information that you need to make an informed decision about taking out personal loans. On our website, you can be matched with a lender that has responsible lending practices. You can use the database available on our website to be paired with a lender who meets your financial needs based on the information that you provide.
Before you take out a loan, lenders are obligated to provide you with full disclose on the rates and fees that apply to your loan. When you are approved for your loan, this information will usually be provided to you.
Disclosure of Rates and Fees
The rates and fees that apply to the loan that you choose will be decided upon by your lender and not our company. You will have the opportunity to read through the agreement to fully understand the fees that will apply to the loans that you want. Before you agree to the terms in a loan contract, you should set aside the necessary time to read through the rates and fees section. You do not have to accept the terms that are offered to you by a lender. You may decide that the fees applied to a loan are too high for you to pay. You are under no obligation to sign up for a loan after you have read through the rates and fees agreement. Some consumers do find the terms of a loan unsuitable to their needs, and they decide to simply choose a loan from a different lender. If you do decide that you want to take out a particular loan, then you can place your signature on the e-sign page. Your funds will then quickly be deposited into your checking account.
Late Payment Fees
You should read through the late payment policy of a lender before you decide to accept a loan. A lender may have a late payment policy that requires you to pay high fees for each additional day that a loan payment goes unpaid. A lender is supposed to clearly state the amount of fees that you can be charged for failing to pay a loan on time. You may find that the late payment fees are higher for personal loans than loans that you would find at financial institutions. This is due to the fact that lenders are able to disburse personal loans into your account within minutes.
The fees that you will be charged as a late payment penalty will vary depending on the state in which you live. You should consult with your state’s policy in regards to late fees that may be charged to you for late payment of a loan. There are maximum limits on the amounts that lenders may charge you for late payment fees according to state law.
Loan Application Process
Applying for a loan through our website is very easy. You can fill out an application for personal loans at no cost to you. The fees and interest rates do vary amongst different lenders, so you may wish to fill out a few different applications. When you are approved for a loan, you will receive a notification. You will then have the opportunity to accept or reject the loan terms that you are offered. If the terms of a particular loan are not suitable for you, then you may continue to apply for loans through our website.
Renewing a Loan
If you wish to renew a loan, then you may be charged additional fees. State laws determine the fees that may be set by lenders for the process of loan renewal. Before you decide to go through the process of loan renewal, you should be aware of all of the fees that will be applied to your loan. The fees can be very high, and they can add to the total cost that you owe on a loan.