Overview

The LoansForPersonal lending marketplace offers an easy place to apply online for personal loans up to $50,000. Not a direct lender, LoanForPersonal provides a convenient and free online service that connects borrowers with third-party lenders and partners.

However you plan to use the funds, LoanForPersonal offers flexibility. You can use the money toward a variety of purposes including medical bills, auto purchase, home improvement, wedding expenses, or a vacation. LoanForPersonal also provides a solution if you’re looking to better manage your debt through credit card or debt consolidation.

Prospective borrowers can handle the entire application process online through the simple, guided questionnaire. LoansForPersonal will review your application and provide a response within minutes. From there, you can review your personal offer. If you decide to move forward, you can accept the loan and expect funding in as quickly as 24 hours.

Requirements

LoanForPersonal hosts an online service, connecting prospective borrowers to their network of lenders. Loan requirements vary from lender to lender. That means LoansForPersonal offers more flexibility in loan requirements compared to applying to a traditional bank or lender. Even if you don’t meet typical credit or income requirements, you could still qualify for a loan.

Keep in mind that LoanForPersorsonal does not offer its services in all 50 states. Some applicants may not qualify based on their residence and should check for eligibility during the application process.

Loan Process

The LoanForPersonal website has an easy 3-step process to apply for a personal loan. You can conveniently handle the application entirely online and expect a decision in minutes. If approved, you can receive your funds in as quickly as the next business day.

Step 1: Provide your details

You’ll begin the application process online through the LoanForPersonal website. First, you’ll need to provide your details. Although the application doesn’t take long, make sure to have certain information prepared in advance, such as your credit score, requested loan amount, employment information, income, and how you plan to use your funds. LoanForPersonal will also need to know your current outstanding debt. You can apply completely for free, and this initial step won’t impact your credit score.

Step 2: Review the offer

Once you apply, you will receive a response within minutes. If approved, you can then review your offer and decide if you would like to move forward.

Step 3: Get funded

Once you accept your personal loan, LoanForPersonal promises fast-funding. You can expect to receive your money in as quickly as the next business day, deposited directly into your bank account.

Loan Terms

LoanForPersonal does not provide funds themselves. Instead, it serves as an online marketplace that connects borrowers with their third-party lenders and partners. A single application will give access to their network, making it easier to qualify for the best terms and rates on your loan.

Each lender has their own policies, and loan terms will vary. Before accepting, make sure to check rates, fees, and other important conditions of the loan.

Pay attention to your required monthly payments, as late payments may result in additional fees or collection activities, or both. Failure to repay your loan could also result in nonpayment penalties and collection activities.

Customer Support

LoanForPersonal personal loans doesn’t offer a whole lot in terms of customer service and online resources. Although their service and application are easy to use, some may prefer more hands-on service to help them throughout the lending process. Those looking for more personalized service may want to consider a more traditional route by applying to a single lender or bank.