LoanStart Personal Loans Review
If you are looking to consolidate debts or cash to pay an emergency bill, LoanStart personal loans may be able to meet your needs. While they do not offer loans directly, the company will attempt to match you with an affiliate lender. Let’s take a look at who the company can help, how much an applicant can borrow and what the application process is like.
Who Is Eligible to Borrow Money Through LoanStart Personal Loans?
Those who want to borrow through LoanStart must be 18 years of age or older. Applicants must also have a social security number. You will need to provide proof of citizenship or permanent resident status within the United States. Finally, a lender may conduct a credit check to determine if an individual can repay the loan amount that he or she requested. Some lenders may also require proof of income, and all borrowers must have a valid bank account.
How Much Can Someone Borrow Through LoanStart Personal Loans?
An applicant can request anywhere from $1,000 to $35,000 in a single loan. Interest rates vary between 4.84 and 35.99 percent. The interest rate a borrower receives is based on criteria set by the lender that LoanStart matches an applicant with. Loan rates are generally determined by a borrower’s credit score and income. Repayment terms range from 24 to 84 months.
What Is the LoanStart Application Process Like?
The application process is done online with an application being sent to LoanStart and affiliate lenders through a secure server. Applicants will need basic financial information as well as information that will help them verify their identities. Once an application has been sent, an applicant will receive one or more offers in a matter of seconds.
If you don’t qualify for the loan amount that you asked for, the lender may offer a lower amount. It is important to note that usury laws in your state may not allow a lender to make a loan offer. This may be because the interest rate is too high or because the loan amount that you could borrow under state law is too low.
How Fast Will I Receive My Loan Proceeds?
You should expect to see your money in about one business day. This means that LoanStart may be an ideal place to turn if you need money quickly before your utilities are turned off or your car is repossessed.
When you borrow with a lender through LoanStart, the terms of the loan will be communicated in easy to understand language. This means that you know what the loan amount, your monthly payment and your interest rate will be before you agree to borrow the money.
Those who are looking to borrow money may wish to consider a personal loan from a LoanStart lender. Completing and filling out an application is the best way for borrowers to learn whether or not the company can meet their specific needs.
Are There Alternatives to LoanStart?
There is another company that specializes in personal loans that can be a good option. They have an easy personal loan application and an established base of lenders. This can help you get lower rates on a personal loan. To apply just visit PersonalLoans.com
You can also just go directly through a peer to peer lender. You will need good to excellent credit to apply. One we recommend is Lending Club Personal Loans