In business since 2012, Credible personal loans offers an easy-to-use lending service connecting borrowers with a host of different financial institutions. Through their platform, borrowers just need to take a couple of minutes to apply online before shopping through a list of offers. Credible personal loans start at $1,000 and go up to $50,000, and borrowers can use the money for a large purchase, home improvement, debt consolidation, and more.
Credible doesn’t function as a direct lender itself. Instead, it provides a lending marketplace, connecting borrowers with a range of different lenders. In this way, applicants with many financial backgrounds can shop for an ideal loan to suit their budgets. APRs start at around 4.99%.
Although Credible accepts applicants with different financial backgrounds, they do prefer prospective borrowers with a good credit score. In order to qualify, applicants will need to be at least 18 years old and have a US permanent residency or citizenship.
Nowadays, with services like Credible, it has become easier than ever to secure a loan. Borrowers can go right to the website where they can submit a short two-minute application. The application requests information such as the purpose of the loan, age, income, credit score, and contact information.
If approved, Credible will send a list of potential offers with varying rates and terms. Customers can shop around and choose the best rate and repayment term for their budget. Before deciding, you can speak with Credible customer support to receive guidance before finalizing the loan.
Credible personal loans provides a loan aggregator service. Through their network of lenders, customers can shop around for ideal rates and repayment terms. Their service has a minimum loan amount of $1,000 and maximum of up to $50,000. Their fixed-rate loans have an APR between 4.99% up to 35.99%. Repayment terms range between two to seven years.
Credible offers customers advice throughout the loan process with support available by live chat and online contact form. While they do not offer 24/7 support, when offline, customers can leave a message and a staff member will get in touch within one to two business days. Their FAQ and social media pages also include more information to help you get started.