Personal Loans Made Simple. All Online, All Credit Types
Traditional banks are tightening their credit standards and rejecting more applications for personal loans. However, online personal loan lenders have lined up to fill this growing void in the credit market.
We work with several lenders offering personal loans, large or small. Whether you need a small personal loan for a minor emergency, or a loan large enough to cover a major expenditure, we’ll do everything possible to get you funded – fast.
We offer unsecured personal loans for any reason, and credit scores are no obstacle. Whether your credit is bad, good, or even if you have no credit at all, you’ve come to the right place.
Our industry-leading approval rates offer you the best chance to obtain the loan you need, with a payment you can afford. Apply Now – you’ll be glad you did.
Applying for Personal Loans Online
Getting personal loans online is faster and easier than getting a traditional bank loan, and now there are more options than ever.
For those who just need funds to get through a tight spot, pay off some bills, or any other reason, unsecured personal loans of $100 to $5,000 are available with an instant online decision, all online. Simply apply here.
For larger financial needs, you can apply below for personal loans up to $35,000 and get an interest rate that may pleasantly surprise, depending on credit.
Small Personal Loans
Customers who need to borrow a small personal loan, for an amount between $100.00 and $5,000.00, will have an instant decision, with money deposited directly into their bank accounts.
This makes the borrowing process very convenient. Short term personal loans can be paid back in either a lump sum, or over time with an installment plan.
For these small, short term personal loans, once you verify your employment and income, you’ll receive detailed offers from lenders indicating the amount they’re willing to lend, fees you’ll be responsible for upon repayment and the date or dates of repayment.
If you need cash fast, this is the right option for you. Fees and interest rates vary from lender to lender, and they can change based on your state of residence or the amount borrowed and the term length of the loan.
Bad Credit Personal Loans
Customers with imperfect credit or even no credit can still qualify for bad credit personal loans, depending on the amount they’re looking to borrow and the fees they are willing to pay.
The process is similar to getting small personal loans online. The application is short and the approval process is fast; and with an instant decision you’ll know within minutes how much you can borrow. Apply Now to see how much you qualify for.
It’s often more expensive to borrow money for those who have bad credit, but personal loans for bad credit borrowers can ultimately save customers money.
Bank overdraft fees almost always end up costing more because the bank charges a separate fee for each transaction — and those bank fees are only getting higher.
Personal loans for bad credit can be a lifesaver if you’re trying to keep your power from being shut off, avoid eviction, keep your car running or cover an emergency medical expense.
If you’re using small personal loans to try to save money by avoiding late fees or bank overdraft charges, do the math to make sure your loan fees are low enough to justify borrowing it.
Unsecured Personal Loans up to $35,000
If you need a large, unsecured personal loan of up to $35,000, Personal Money Store is here to help.
You can borrow an unsecured personal loan, meaning you don’t need to have collateral. You can avoid the hassle of borrowing from a large bank, and you likely will save money.
Many personal loan lenders charge lower interest rates than large banks, and they are more willing to work with borrowers who have lower credit scores.
Most lenders who offer larger personal loans do check the credit score of the borrower. This, however, is not an obstacle – you’ll simply pay a higher rate if your credit is bad.
Because you’ll be borrowing from a personal loan company rather than a bank or financial institution, there is more room for negotiation regarding terms of repayment.
Personal loan lenders will lend money for many reasons to many types of people. Over the past few years, the banking industry and its practices have been repeatedly called into question.
Many borrowers are looking to personal loan lenders simply because they like having the choice of borrowing from a company that specializes in online personal loans rather than a typical financial institution.
Online lenders who don’t have the overhead or investor pressure that banks have can afford to charge lower interest rates – but hurry to apply. Rates are going up, fast.
Online Personal loans Versus Credit Cards
Interest rates on credit cards can be up to six times the interest rates you could qualify for through online personal loans.
If you already have a credit card and you take out a cash advance against your credit, most credit card companies charge an even higher interest rate than they charge for purchases. Even with bad credit, a personal loan is a much better option.
The real catch is that most credit cards won’t allow you to pay off your cash advance until you’ve paid the rest of your balance. For example, if your usual credit card interest rate is 20 percent, your credit card company might charge you 30 percent interest for a cash advance.
Furthermore, the company won’t allow you to pay off that cash advance until you have paid off the full balance for which you are paying 20 percent interest.
This means your cash advance will sit and collect interest at a much higher rate until you can pay off all of the charges on your card that are not from cash advances.
Your Personal Information is Safe
Regardless of which route you take to getting the money you need, your personal information will stay secure. The information you share with your lender will not fall into the wrong hands.
You can also rest assured that you are under no obligation whatsoever until you and your lender agree to specific loan terms. If at any point during the application process you change your mind, you can walk away.
There are no upfront fees; you won’t have to pay anything until the date of your first scheduled payment.
For Personal Loans of $5,000 or Less Start Your Application Here
Start Your Loan Application
For Personal Loans for up to $35,000 Apply Here
APR: The equivalent annualized percentage rate for payday loans and other short-term installment loans ranges from 547.5% to 999.45%, based on the amount and the length of the loan. Larger loans with longer payback periods have lower interest rates. While this sounds large, one must consider that these loans are only meant to be for a very small time-frame, usually 2 weeks. Annualizing other fees in the same manner results in APR of 2336% for a returned check fee of $32 against a $100 check, a 965% fee against a $37 credit card late fee or over the limit fee, or a 1203% APR for a typical $46 reconnect fee by a utility company.
Financial Implications: Short term payday loans are meant to be just that: Short term. Typical fees range from $15 to $40 for every $100 borrowed up to $500.00. Fees per $100 begin dropping on loans larger than $500.00. Fees are typically less than what borrowers can expect to pay for bouncing a check, having a utility disconnected, or paying a credit card bill late.
Collection Practices: If a loan becomes delinquent, attempts at collections are first conducted internally, primarily through telephone, an attempt to work out a pay-off arrangement that takes into strong consideration the financial condition of the borrower. If, after all attempts at internal collections have failed, the lending agency may send the loan to a third party collection agency in an attempt to recover the funds lent in good faith.
Credit Score Impacts: Short term, payday loan lenders may rely on a credit reporting agency and is not limited to any of the three (3) major rating agencies – Equifax, Experian, or Transunion. Generally, the borrower doesn’t have to bear concern that their score may be affected by having the loan request determined by results from these agencies, however, such determination is solely in the discretion of the payday loan lender(s), which may result in the lender(s) submitting, among other things, the borrower’s request for the loan, or the subsequent payment(s) under the loan to any of these agencies. Short term lenders may also rely on their own scoring criteria, which is generally based on income and ability to repay, as well as the borrower’s payment history of any previous payday loans that have been made with the lender in question, or with other payday lenders.