Highlights
Third-Party Service: It won’t be the end of the world if you fail to find a suitable lender on Personal Loans. The platform can still connect you with other third-party services to look for a lender. The company shows advertisements on its website, which you can check out to see if you can find a lender. That is an excellent feature, especially for individuals whose credit is far below the minimum credit score requirement.
Loan Amount and Percentage Rate: This lender platform offers generous loan amounts ranging from $1,000 to $35,000 as quickly as one business day. These loans have an annual percentage rate of 5.99% and go up to %. But the APR will be calculated based on the data you provide. But that depends on what you agree with your lender.
Accommodates Newcomers: If you are new to this online lending business and don’t know how to apply for a loan online, PersonalLoans has covered you. The platform is well reputed for welcoming newcomers. They also take customers through the loan request and repayment process. Customers can learn from a detailed knowledge base as they navigate through the website’s numerous features. So, if you have no idea what APR is or what charges are applied in case of delayed loan repayment, there are informative articles on the website that can answer all your questions.
Pros
- Allow users to compare offers from multiple lenders
- Easy and convenient loan request process
- Suitable for short terms loans
- Offers loans for numerous purposes
- Well-known for safe and secure transactions
Cons
- Might request a lot of personal information
Our first step was to draft a list of the most popular platforms that offer short-term loans.