Out of Business
in Personal Loans from Basix
Mostly not recommended
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Where does Basix do business?
Basix is a direct lender based in Los Angeles, CA. Founded in 2014, Basix offers access to personal loans in 15 states across the USA.
What rates and terms does Basix offer?Basix has higher interest rates than the average for lenders reviewed on SuperMoney.
What personal loan APRs does Basix offer?Basix offers a personal loan product that ranges from 25.99% APR up to 35.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
How much can you borrow via Basix?
Loan amounts start at $3,000 and go up to $5,000.
What can a personal loan from Basix be used for?
Personal loans from Basix are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Basix?
Basix offers personal loans with terms ranging from 12 to 36 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
|Loan Amount||$3000 - $5000|
|Loan Term||12 - 36 months|
|APR||25.99% - 35.99%|
What fees does Basix charge?
Does Basix charge an origination fee?
Basix charges a loan origination fee.
Does Basix charge a late fee?
Yes, Basix may charge borrowers a late payment fee of up to $5, which is triggered if you're 15 days late.
Does Basix charge prepayment fees?
No, Basix does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
|Late Payment Fee||$5|
What do you need to qualify for a loan with Basix?
Applicants with a credit score of at least 560 can apply for a loan via Basix . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Basix. Their rates fall within the limits of The Military Lending Act.
To qualify, applicants may need to provide the following documentation:
|Bank Account Required?||No|
|Joint Applications Accepted?||Yes|
|Credit Score||560 - 700|
What is the estimated funding time for a personal loan via Basix?
Basix will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.
- New Hampshire
- New Mexico
- South Carolina
- South Dakota
|No Prepayment Fee|
|Late Fee After (number of days)||15|
|Late Fee Amount||$5|
|Credit Score Range||
560 - 700
|Immigration Status Considered||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$3K - $5K|
|Loan Term (Months)||12 - 36|
|APR||25.99% - 35.99%|