Review: Free and Reputable Fast Small Personal Loan Service

If you're a US resident or status, when considering a small personal loan, don't miss Personalloans .com, a 19-year-old U.S. loan company, the easiest and most convenient way to get a quick loan, and a network of reputable lenders. Features

  • Loan Amount: $500 to $35,000
  • APR Range: 5.99% to 35.99%
  • APR Range: 5.99% to 35.99%
  • Loan repayment period: 3 to 72 months
  • Time: 1 working day
  • Availability: All 50 US states

Overview of

Founded in 2001, is one of the oldest online marketplaces dedicated to providing personal loans. Rather than being a direct lender, the platform acts as an intermediary between borrowers and lending companies that offer a variety of loan amounts, terms, and interest rates.

Loans on the platform are diverse: borrow as little as $500 with a 90-day repayment period. This is through the smallest loan amount and fastest repayment plan in the industry, which is one of the reasons it stands out from the competition. Pros

  • No minimum credit score required
  • Ideal for short-term loans
  • Free to use
  • Fast Loan Application Process
  • flexible loan Cons

  • Request for a lot of personal information
  • Only provide small loans is a free personal loan servicing platform process

The platform is free to use. Offers are flexible and range from short-term to six-year plans, with some of the best repayment terms on the market.

This is the reason for its official claim of free service:

Our service is free, but we may be compensated for sharing your info and marketing non-loan products. is not a lender itself, however, it has its own large network of lenders and works with other reliable third-party lender networks.

Submit a loan application form on, and your information will be shown to this vast extended network of lenders. Lenders can decide whether to provide you with a loan based on the information you provide. You don't need to research each lender yourself, which can greatly benefit save time.

After the site has connected you to a lender, you may be shown advertisements for lenders and/or other credit-related products or services, such as debt relief, credit repair, credit monitoring; and may also send you other marketing about such offers information, they will profit financially from this additional marketing, which is why this site offers a free service . Learn more in Advertising Disclosures . Platform Application Process for Personal Loan

The site helps users connect with lenders and third-party lenders in its network, and the entire online lending The process takes just a few simple steps: platform application process for personal loan-1

Fill out a simple loan application form on their website:

  • How much do you want to borrow
  • your credit type
  • reason for the loan.

The form will also ask for some personal, banking and income information. This information will be displayed to lenders and other third-party lenders in a network of lenders so that those lenders can choose whether or not to lend you a loan. platform application process for personal loan-2

After reviewing the loan application information, the lender or loan partner will, based on the information provided, invite you to complete the application on their website to decide whether to provide a loan.

If approved, you will be redirected to a loan agreement page with terms and conditions, including the amount to be repaid and the repayment time frame. Before accepting an offer, make sure you understand the key elements of the loan agreement, including the loan interest rate and repayment terms.

If you agree to the terms of the loan agreement, the lender will send the funds directly to your bank account. The exact time it takes for funds to arrive in your account will depend on loan approval time and the lender or loan partner, but will generally be received within one to five business days (depending on your favorite and qualifications).

These offers are available to applicants with poor credit ratings and applicants seeking personal loans for debt consolidation. Most business loans will not provide loans to companies that are not yet up and running, but You can get funds from PersonalLoans to start your business. application requirements

At, loans between $500 and $35,000 can be applied for and are usually approved within 24 hours.

  • Applicants must be at least 18 years old.
  • Applicants must be U.S. citizens or permanent residents.
  • Applicants must have a valid bank account.
  • Applicants must have appropriate income for the repayment plan.

Age/ID/Resident Status

To be eligible for a personal loan, you must be at least 18 years old, have a valid Social Security number, and be a legal U.S. citizen or permanent resident.


To ensure loan repayment, applicants must have a full-time job, be self-employed, or receive regular disability or social security benefits. Some lenders or loan partners may require pay stubs or other forms of proof of income.

a valid checking account

A valid checking account is required for most loans because once the loan is approved through, the lender Or the loan partner will deposit the funds directly into your account.

credit type

While it's always better to have good credit, applicants don't necessarily need to have a good or excellent credit history to qualify for a personal loan. However, with good or excellent credit, lenders may offer applicants more favorable terms. Most lenders require customers to demonstrate a liability model.

To qualify for a personal loan product:

  • Individuals generally must not have any account delayed for more than 60 days;
  • must not have an active or recent bankruptcy;
  • must not exhibit a pattern of delayed payments;
  • must not have any debt that cannot be covered by current income;
  • And must not have any recently closed accounts.

While meeting the above requirements does not necessarily guarantee approval for a personal loan, it can greatly improve your chances of being approved.

Personal Loan Type

peer-to-peer lending

  • Credit Score: 600+
  • Minimum income: $2,000 per month, must be verifiable
  • Source of Income: Employed or Self-Employed
  • Loan Range: $1,000 to $35,000

Peer-to-peer lenders connect borrowers directly with investors, rather than offering loans themselves. Peer-to-peer or P2P lending means that you will be borrowing money directly from a person or company rather than a bank. Peer-to-peer lending ensures that borrowers are matched with individuals who wish to invest in a detailed description. Often, the reason for your loan is disclosed to investors who review the notes available on the P2P lender's system.

As a borrower, you fill out a basic loan application form with the loan amount. Investors then look at your listings and choose the one that best suits their specific needs. Once a deal is struck, you will pay the investor a fixed monthly payment until the loan is paid off.

The entire process takes place online, so it can be done entirely from home. Applying for a loan only takes a few minutes, and if you qualify for a peer-to-peer loan, you'll get a list of loan options to choose from. Many borrowers prefer peer-to-peer lending due to lower interest rates.

Depending on your credit type, you can borrow anywhere from $1,000 to $35,000 through peer-to-peer lending. PersonalLoans works with multiple P2P loan lenders, each with their own set of investors and terms. Peer-to-peer lenders typically charge a loan origination fee of 1% to 5%, which is deducted from the loan amount offered to the borrower.

The easiest platform to apply for a US personal loan process

Personal Installment Loan

• Credit Score: 580+
• Minimum income: $2,000 per month
• Source of income: employment, self-employment or benefits
• Loan Range: $1,000 to $35,000

The personal loan installment loan process is fast and convenient.

You can apply for a loan online by providing basic personal and financial information, and a lender or loan partner will tailor a loan agreement to your financial needs. Once the loan agreement is accepted, the loan will be deposited directly into your bank account.

Review the terms of the agreement before signing, as each lender or loan partner has its own specific repayment process.

Consumers are encouraged to research applicable federal and state laws and ask lenders or loan partners for more information. If a lender or loan partner is wholly owned and operated by a federally recognized American Indian tribe and sovereign government, applicable tribal and federal laws govern its loan and related contracts, applications and documents.

For example, personal installment loans may vary from state to state. Each state has its own personal loan rules and regulations, so the loan amount and interest rate will depend on where you live. Additionally, the loan amount, APR, and loan term may depend on various factors used by the lender or loan partner, including credit score and repayment history.

The easiest platform to apply for a US personal loan process

bank personal loan

  • Credit Score: 580+
  • Minimum income: $3,000 per month
  • Source of Income: Employed or Self-Employed
  • Loan Range: $1,000 to $35,000

Bank Personal Loans provide one-to-one local service to borrowers who apply in person for a loan at a local bank.

First, provide personal information for the loan over the phone or in person. Some banks even allow online loan application. If applying for a loan online, you will be directed to the nearest local branch to complete the loan application process in person. Once approved, receive funds at a branch or deposit funds into a bank account.

You may be eligible for a bank personal loan of up to $35,000, individual terms and payment options can be discussed at your local branch. Most bank personal loans have fixed interest rates, and if approved, funds may be available within one business day. is not a lender and does not make any loan decisions. Only lenders can decide whether they choose to give you credit or a loan. minimum credit score

Other specific requirements vary depending on the type of loan you get. For example, for peer-to-peer loans, a credit score of at least 600 and verifiable income of $2,000 or more are required; personal installment loans require a credit score of 580 or more.

Good BBB review

Although is not certified on the US BBB site, the user is a service of the company that created the site - IT Media Solutions, LLC BBB review is good.

Good BBB review

The easiest platform to apply for a US personal loan process

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