- APR: 5.99% to 35.99%
- Loan Amount: $250 to $35,000
- Loan term: 90 days to 72 months
- Prepayment Penalty: None
- Repayment terms: Once or twice a month (depending on lender)
- Fees: No fees on PersonalLoans.com; no hidden fees for individual lenders
PersonalLoans.com was founded in 2015. They specialize in finding the best personal loan rates for you. They charge nothing to use their service of matching you with their network of lenders.
They offer traditional personal loans, personal installment loans, and peer-to-peer loans that may be financed by individuals or companies.
If you’ve been exploring personal loan options but aren’t sure where to turn, you can check out this article’s unbiased review of PersonalLoans.com.
In a market full of options, it’s often wisest to compare the options carefully to make sure you end up with the best. But with so many options, comparing them all can be a lot of work.
Loans are not like shopping in the supermarket. If you go to the supermarket to buy products that do not meet your expectations, you will lose a few dollars to dozens of dollars at most. But choosing the wrong lending platform may cost you more. Fortunately, the world is moving fast, and even the information you are looking for in personal loans can be found online.
PersonalLoans.com is a popular choice for consumers with bad credit who want to compare loan quotes from multiple lenders at once—no extra limbs required. Let’s take a deep dive into what this company has to offer consumers, including our own expert reviews of its services, and what consumers are saying about their experience.
Perception: Huge online lending network with flexible demand
In fact, PersonalLoans.com’s greatest strength lies in its very nature: The organization operates as an online lending network, connecting potential borrowers with lenders from across the United States. The key to PersonalLoans.com’s success is its vast network of loan partners.
This vast network enables the site to help borrowers with a wide range of credit scores and backgrounds find the loans they need. It also means that PersonalLoans.com offers a wide variety of loan types, loan sizes and terms to suit almost any personal loan need. Qualified borrowers can use the site to find loans of up to $35,000 and loan terms of up to 72 months.
PersonalLoans.com has a 4.6-star rating from TrustPilot
Most credit products offering bad credit financing seem to be the norm, with mixed reviews for PersonalLoans.com on the internet. That being said, the lending network has a solid 4.6-star rating from TrustPilot.com with almost no negative reviews. —This is very remarkable for a lending platform. It shows that they are relatively perfect in all aspects.
In general, positive reviewers are satisfied with the simplicity of the application process and the short wait to receive funds. Many reviewers with bad credit are just happy to find a lender willing to take the risk.
Here are some screenshots from real users on TrustPilot
and many more…
Connect with lenders from across the country
The process of getting a loan through PersonalLoans.com is fairly straightforward, but can be confusing for some people who misunderstand what PersonalLoans.com actually does. To be clear, PersonalLoans.com does not actually provide your loan; the company is not a bank and does not provide financing directly.
Instead, PersonalLoans.com is an online lending network that connects you with bank and non-bank lenders across the country based on your qualifications. Because of its large number of partner financial institutions, PersonalLoans.com can often provide qualified applicants with multiple rate quotes at once—all from a single app.
And there is only one application form to fill out, making the application process a breeze. While PersonalLoans.com itself is not the lender that makes the final loan to you, filling out a loan application on the site requires the same information as most other loan applications because PersonalLoans.com forwards your application to your potential lenders, thereby Saves you from having to fill out multiple forms.
Like any other loan or credit application, applying for a loan through PersonalLoans.com may result in soft or hard credit being offered by PersonalLoans.com’s lending partners. Each individual hard credit pull will have a small impact on your credit score (although the impact is lesser, as you’ll see from delinquent debt or defaulted payments).
After filling out the application, PersonalLoans.com will provide you with a quote from any loan partner that matches your needs and qualifications. You can compare your options and choose the one that suits you best. When you select an offer, you will be taken to the lender’s website where you can review the exact terms and conditions of the lender’s offer and complete the process. In many cases, users can receive funds in as little as one business day.
About PersonalLoans.com
PersonalLoans.com offers fast decision and fast turnaround loans from $500 to $35,000 for emergency use, debt consolidation, and other efficient loan purposes.
With access to a wide range of lenders, PersonalLoans.com is able to offer a loan that best suits a borrower’s needs – matching loan amounts, repayment terms and repayment options. They are available for all credit types, from poor to excellent credit scores, and provide a quick way to view borrowing and interest rates available to any individual for any purpose.
From the PersonalLoans.com website:
PersonalLoans.com provides an easy and convenient way for consumers to obtain personal loans through our network of lenders and loan partners. Our online service allows you to obtain loans ranging from $250 to $35,000, right from your home or office, or even on the go and through your mobile device.
We help people looking to borrow for a variety of reasons, whether it’s a home improvement project, payday loan, debt consolidation, bad credit, medical bills, or any other reason. Additionally, some lending partners in our network may offer lines of credit.
Borrow responsibly for best results
For those who meet the loan requirements, PersonalLoans.com seems like a solid option for finding a personal loan without having to fill out dozens of applications with various lenders. Because let’s face it, rate shopping can be tedious—and we don’t all have 750 limbs to speed up the process.
Always remember that your new loan is a form of debt and the best way to ensure a good lending experience is to borrow responsibly. Always make the required monthly payments on time, and never take on more debt than you can really afford to pay. Making payments on time is one of the most important things you can do to maintain a healthy credit score.
