If you're in need of a personal loan, you might feel overwhelmed by the sheer number of lenders out there. How can you be sure you're getting the best deal?
In this article, we'll compare five online lenders: Honest Loans, ZocaLoans, SuperMoney Personal Loans, PersonalLoans.com, and BadCreditLoans.com. We'll take a look at each company's funding amount, rates and fees, requirements and qualifications, and application process.
Honest Loans is a marketplace lending platform that aims to quickly connect customers with lenders that offer loans that may work for them. Over the years HonestLoans has built a vast network of short term lenders who are able to provide customers with loans between $400 to $50,000.
Many customers use short term loans to help with a wide range of emergency expenses. Unlike traditional personal loan stores, HonestLoans provides customers with a way to borrow money online without going into a store or waiting in line.
Rates and fees vary depending on the lender you're matched with, but they can range from 5.99% to 35.99%. To qualify, you need to be a U.S. citizen or permanent resident, at least 18 years old, and have a regular source of income.
ZocaLoans is another online lender that offers personal loans ranging from $300 to $1,000. The ZocaLoans mission is to offer innovative easy-to-understand financial solutions online while ensuring a positive experience at each touch point of the process to maximize customer satisfaction.
Their rates and fees vary depending on the state you live in and your creditworthiness, but they can be as high as 780%. To qualify, you need to be a U.S. citizen or permanent resident, at least 18 years old, and have a regular source of income.
SuperMoney helps people compare financial services. In fact, to date they’ve helped millions of people shop for loans, investments and other financial related products. As a financial services aggregator, SuperMoney partners with the world’s leading banks and financial service companies to empower consumers with a KAYAK-like comparison shopping experience.
SuperMoney offers personal loans ranging from $1,000 to $100,000, with rates and fees varying from 5.99%. To qualify, you need to be a U.S. citizen or permanent resident, at least 18 years old, and have a credit score of 600 or higher.
PersonalLoans.com is another loan comparison site that offers personal loans ranging from $1,000 to $35,000. Rates and fees vary depending on the lender you choose, but they can range from 5.99% to 35.99%.
To qualify, you need to be a U.S. citizen or permanent resident, at least 18 years old, and have a regular source of income.
BadCreditLoans.com is an online lender that specializes in loans for people with bad credit. They offer loans ranging from $500 to $10,000, with rates and fees varying depending on the lender you're matched with. To qualify, you need to be a U.S. citizen or permanent resident, at least 18 years old, and have a regular source of income.
Conclusion
When it comes to finding a personal loan, there are many options available. Each of the five lenders we've discussed offers something different, whether it's a wide range of loan amounts, a focus on bad credit loans, or a loan comparison service.
Before applying for a loan, be sure to carefully review the rates and fees, requirements and qualifications, and application process for each lender to determine which one is the best fit for your needs. With the right lender, you can get the funds you need to cover unexpected expenses, consolidate debt, or make a large purchase.
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