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Checking your rate won’t impact your credit score.*


FAQ’s for Personal Loans

Before applying for a personal loan, it is important that you understand the benefits, risks, costs, and terms before you commit to a loan. FAQ’s for Personal Loans

What is needed to apply for a personal loan?

Applying for an unsecured loan online takes only a few minutes to complete and does not require any personal info. Typically, loan applications simply require details such as name, address, and contact information, plus some basic questions concerning your income and credit info.

Loan Terms: How long are the repayment periods of the loan?

The term or length of your loan is based on a combination of factors. Repayment terms go from 61 days to 15 years. One of the benefits of these types of loans is they enable you to compare loan terms. You can choose a term or repayment period that meets your needs and financing goals.

What is APR*?

APR is an acronym for annual percentage rate. It refers to the annual interest rate that the lender charges on a personal unsecured loan. The actual APR numbers vary but will always cap at 35.99%. In most cases, Internet lending companies provide an APR somewhere between 5% and 30%. The annual percentage rate of your loan will depend on several factors such as credit score, debt-to-income ratio, and financial track record. *APR rates mentioned do include fees associated with the loan.

Representative Example

For a loan of $20,000 over 36 months at a fixed rate of 10.74% per annum and fees of $60.00. This would result in a representative rate of 10.74% APR, with monthly repayments of $652.37, for a total amount paid of $23,485.32. This example is an estimate only and assumes all payments are made on time. Rates are subject to change without notice and are controlled by our third-party advertisers. You may not qualify for a personal loan at all, or you may not qualify for the lowest rates or the highest offer amounts. Loans are subject to participating lender approval.

Loan amounts range from $10,000 - $100,000 and are subject to state requirements. Loan proceeds may not be used for post-secondary education expenses or to purchase securities or cryptocurrency.

Smart Leading | SmartLending.com cannot guarantee the lowest rate or that people with poor credit will be approved for a home loan program. Interest rates are subject to change and not all loan products may be available in all states.

Smart Lending is a finance marketing company and does not make loans or guarantee rate locks, rather we connect consumers with trusted lenders, bankers, and credit unions.

Smart Lending © 1999 – 2023 and Beyond, All rights reserved.

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Terms and conditions apply. SMARTLENDING RESERVES THE RIGHT TO MODIFY OR DISCONTINUE LOAN PRODUCTS & BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet the associated lenders underwriting requirements. Not all borrowers receive the lowest interest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, credit score, income, and other factors. If SmartLending matches you for a loan with a participating bank, then your rate may be applicable to rates at that time. Rates and Terms are subject to change at any time without notice. Personal Loans can be used for any lawful personal, family, or home purposes. See legal site for state-specific license details from participating lenders.

TCPA Authorization: You authorize Smart Lending, the banks, financial institutions, non-bank lending partners, or other entities (each, a “Lending Partner”) that may extend credit to you, and/or their affiliates, assigns, successors, and/or agents (collectively, “We,” “Our,” or “Us”) to contact you regarding the advertising or telemarketing of Our products and services. We may use text message notifications, calls using artificial or prerecorded voice messages, and automatic dialing technology for telemarketing and all other purposes not prohibited by applicable law for any electronic or physical addresses that you have provided in connection with this application. You certify that the telephone numbers that you have provided to Us are your contact numbers. Your consent, if provided, will be effective even if the number you have provided is registered on any state or federal Do-Not-Call (DNC) list. This consent for telemarketing calls and texts shall remain in effect until you revoke it. You may revoke your consent at any time. Your consent to telemarketing calls and texts may be revoked by following any of the opt-out methods described below, or by any other method that ensures We receive the revocation.