Rates and Terms
Only a lender or lending partner can provide details regarding their rates and terms. Typically, this information is shared shortly after your loan request is completed and you are matched with a lender or lending partner. Quick Lending America LLC does not make credit decisions or set rates and terms. You are not obligated to accept a loan offer if the terms do not meet your expectations.
Repayment
Personal loan repayments are usually scheduled on a monthly or biweekly basis, depending on your preference or the terms set by your lender or lending partner. In many cases, you may opt for automatic withdrawals from your bank account on an agreed-upon date. It is essential to review and fully understand the repayment policies to ensure compliance with your obligations as a borrower. Loan repayment cannot be contingent upon electronic funds transfers or automatic withdrawals. For further details, consult your lender or lending partner.
Cost of a Personal Loan
The total cost of a personal loan varies based on several factors, including the borrower’s location, lender or lending partner, loan amount, repayment terms, and interest rates. Your credit score may also influence the cost.
Typical Personal Loan Terms
While loan terms depend on state regulations, lender policies, and individual circumstances, the following are general guidelines:
- Loan Amount: $500 – $35,000
- Loan Duration: 60 days – 72 months
- Payment Frequency: Monthly or biweekly
- APR: Varies based on credit score, repayment history, and other factors
- Prepayment Penalty: Varies by lender
