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Guide To Lenders Reviews|Eligibility|Terms|Fees

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Strengths

  • Free online application
  • Best deals in less than 5 minutes
  • Easy application process
  • Access to educational resources

Weaknesses

  • Terms and fees vary from lender to lender
  • Data may be shared with third parties

GuideToLenders Breakdown

YEARS IN BUSINESS

15

LOAN AMOUNTS

$100-$50.000

APR RANGE

4.99%-35.99%

FUNDING TIME

Depending on lender

REPAYMENT TERMS

Variable

LOAN TERMS

24-84 months

INCOME THRESHOLD

None

FEES

Depending on lender

Launched in 2005, Guide to Lenders is a trusted and reliable online marketplace serving clients for more than a decade.

The company connects borrowers with a widespread network of lenders, allowing you to find the best deal.

The company mainly offers personal loans and they are available to consumers across the credit spectrum. So even if you don’t have stellar credit, you can still take out a loan with them.

Guide to Lenders reviews show that their services are well-suited for individuals, who have bad credit and need emergency funds, or a quick loan.

In this Guide to Lenders loan review, we will discuss everything you need to know about their personal loan services:

  • Eligibility criteria
  • How to apply for a loan
  • Privacy and security policy
  • Pros and cons
  • FAQs

What Do You Need to Know About Guide To Lenders’ Personal Loan?

Whether you’re looking for a personal loan with a better interest rate in order to consolidate debt or meet a renovation expense, it can be challenging to qualify for one if you have bad credit, but not with Guide to Lenders.

To begin with, at Guide to Lenders, you can easily get a personal loan as a handy and hassle-free solution to your financial needs. It is the most suitable mode of financing purchases that you want to make quickly. At Guide to Lenders you can choose from a wide range of lenders with varying preapproval criteria.

Here are some of the facts that will give you a good understanding of how Guide to Lenders personal loans work:

  • Expected Loan Amount — $100 – $50,000
  • Annual Percentage Rate (APR)— Minimum 4.99%, and maximum 35.99%
  • Typical approval time —  1 day
  • Typical funding time — Variable from lender to lender
  • Monthly Payment — Variable
  • Loan Term — 24 to 84 months
  • Types of interests — Fixed
  • Unsecured or Secured — Depends on lender
  • Fees and Penalties:

✓ Origination Fee — Depends on lender

✓ Prepayment Penalty — Depends on lender

✓ Late Payment Penalty — Depends on lender

✓ Returned Payment Fee — Depends on lender

What is the Guide To Lenders Personal Loan Eligibility Criteria?

Although each partner in the Guide to Lender’s network may have their own eligibility requirements, you will likely need to meet the following criteria with any lender you choose to work with:

  • Be employed and have a steady source of income (there is no income threshold specified)
  • Be a US citizen or a permanent resident
  • Be at least 18 years of age
  • Have a verifiable bank account

There is no income threshold or minimum credit score. Anyone can apply as long as the above requirements are met. Those with the best credit scores will be able to borrow most and with the lowest APR.

How to Apply For a Personal Loan with Guide To Lenders?

Here are the personal loan stages to take out a loan with Guide to Lenders:

  1. Log on to their website and select a personal loan category by answering the question “How would you like to spend the money?”
  2. Once you make your selection, you’ll be taken to the next step where you would have to answer the question, “How much cash would you like?” Simply type the amount to move to the next step of the loan approval process.
  3. Now provide your credit rating information.
  4. Confirm your employment status. Such as self-employed, employed, not employed or other.
  5. Next provide details about your pre-tax income, if applicable. You can add a co-applicant too.
  6. Enter if you rent or own your home.
  7. Now enter the ZIP code, name and address to complete the process.

Once you provide all the information, you will then be presented with the best offers from their lender network. You will get quotes in less than 5 minutes. These lender offers will include details like:

  • The lending amount approved
  • APR and any other fees that the lender charges

All you have to do is compare the deals to narrow them down to the best one, and then move forward with the application to receive funding. It is as simple and straightforward as it can be.

Privacy & Security Policy 

Guide to Lenders uses 256-bit SSL technology to encrypt user data such as your credit card details and personal information. The company takes technical and administrative measures to keep user information safe.

However, in order to find you the best deals, and wherever legally required, Guide to Lenders shall share your information with third-party affiliates for loan and marketing services.

Pros & Cons

Free online application

Best deals in less than 5 minutes

Easy application process

Access to educational resources

Terms and fees vary from lender to lender

Data may be shared with third parties

Guide To Lenders Alternatives 

If you do not like the Guide to Lenders online reviews and are looking for an alternative, then we’d recommend checking out AmOne. The credit score required to apply for a loan with AmOne is only 500. There are just two eligibility requirements, age and US citizenship. This means that you don’t have to verify your bank account. Besides this, AmOne’s services are free, and it received overwhelmingly positive reviews from its customers as of March 2020.

Wrap Up 

When you want to apply for a personal loan, it is important to get multiple quotes. It will ensure that you get the best loan available based on your loan needs and credit status. This is why Guide to Lenders is a good choice. The company provides you with the best personal loan offers from multiple lenders in less than 5 minutes.

guide-to-lenders reviews
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FAQ

Can I refinance my personal loan?

Yes. Guide to Lenders works with partners that provide debt consolidation loans, which further allows you to refinance a loan instead of consolidating multiple debts into one.

What can I use Guide to Lenders’ personal loan for?

Once you take out a personal loan with Guide to Lenders, you can use it for whatever purpose you want to. This includes but is not limited to: debt/credit card consolidation, purchasing a home, home improvement, medical expenses, taxes, starting a business.     

Can I get a personal loan online?

Yes. All you need to do is complete your online application form for free and find the best loan offer. With Guide to Lenders, the process is simple, fast, and everything is done online. You don’t have to go to different banks and learn about their offers, terms and conditions. 

Who is Guide to Lenders personal loan best for?

It is best for individuals that need emergency funds or want to take out a fast loan. Via Guide to Lenders, you can find the best loan offerings and compare different deals from multiple lenders quickly and without undergoing a lengthy process.

Is Guide to Lenders BBB accredited? What is its rating?

Yes. It is BBB accredited and the Guide to Lenders rating is great - it boasts the highest A+ rating.  Now you have all the relevant details and an in-depth overview of the company’s services, so that you can make an informed decision based on our research and available Guide to Lenders reviews.