A personal loan is a financial option that makes it possible to get money in a
short term. These loans are unsecured, so they are appropriate for consolidation or elimination of
existing credit card debt with high interests. This is simply because personal loans are easier in
management. Often they require fixed payments and have certain rates. Moreover, you can apply for more
money than with the credit card. There are various types of personal loans making you free to choose a
particular one that will meet your necessities and financial possibilities. This review is created to
inform you of existing loan companies to make your choice easier.
1. Sterling Store
Sterling Store is a UK-based company that provides consumers with a quick access to payday loans online. The service is available 24/7 to help you solve your financial emergencies in the shortest terms possible.
Simple Registration Form
Online request processing
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2. Quid Expert
QuidExpert company works with top UK lenders that offer up to £5,000 with terms up to 36 months. The service is held 100% online. It's fast and secure.
Safe and Secure
All Credit Histories Considered
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3. Easy Pound
You can borrow up to £5000 with EasyPound. The company searches the panel of 20+ lenders so you can focus on more important things, saving you time.
Safe and secure
Fast online decision
Simple online application
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The Best Online Loans in 2020
Today you have a variety of financial tools presented by traditional banks and mostly by
online loan companies. Due to such development, a lending process is becoming more beneficial with better
interest rates available and milder criteria of being qualified. Mind that you always have more options if your
score is excellent, but there are also loans appropriate for borrowers with a bad credit. Read further to learn
about advantages of these companies, options they offer for example debt
consolidation loans and understand what option can be helpful in your particular situation.
Best Good Credit Loans
The peer-to-peer lender Prosper is considered the top online loan company with liberal
determining criteria of your creditworthiness. A minimal credit score you need for applying for its loans is
640. But some other factors are also taken into consideration. The available loan amount is between $2,000 and
$35,000 with APRs lying in a range (5.99% - 35.97%). The repayment period can be chosen between 3- and 5-year
The only larger and less strict with credit scores than Prosper is Lending Club. You can use
up to $40,000 having a score from 600. However, mind that the other criteria are a bit stricter. The difference
of APRs is at the maximum limit with a number of 35.96%. The repayment plan also offers 3- and 5-year periods,
while the most creditworthy clients can get 2-year loans.
The bank Wells Fargo is a great option for these with solid credit. The loan amount ranges
from $3,000 to $100,000 with APRs of 6.25% to 19.75%. Choose your repayment term from a year to 60 months.
However, this bank has no online application program for these who are not its clients already.
Best Bad Credit Loans
If your credit score is about 600, you can still find a good financial source for your
short-term needs. Perform offers such clients APRs of (7.12% to 28.09%), but just in 37 states. The other
disadvantage is that the application process can take up to 2 weeks. There are also some fees you need to cover
to use this option. But this lender still offers the best place to get a loan with low rates.
The other option for a score of 600 is Vouch. This lender requires you to have someone who can
“vouch” for your qualification for a loan. You can use from $500 to $15,000 with APRs ranging at (7.35% -
29.99%). Another possibility for borrowers is Avant. It can offer you a credit ranging ($1,000 - $35,000) with
APRs of 9.95% to 36%. This option is available for clients with scores from 580. So, this is a great choice for
those who need quick cash but can’t apply for secured loans.
As you can see, the world of online lending can offer you a good range of different financial
tools. Depending on your personal financial conditions you can choose a loan to satisfy your monetary needs