Where does Chorus Credit do business?
Chorus Credit is a direct lender based in Chicago, IL. Founded in 2017, Chorus Credit offers access to personal loans in 1 state across the USA.
What are the APRs offered via Chorus Credit?
Chorus Credit offers a fixed APR personal loan product of 35.9%.
Does Chorus Credit charge an origination fee?
No, Chorus Credit does not charge a loan origination fee.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Chorus Credit charge a late fee?
Yes, Chorus Credit may charge borrowers a late payment fee
Does Chorus Credit charge prepayment fees?
No, Chorus Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow via Chorus Credit?
Loan amounts start at $2,500 and go up to $10,000.
What can a personal loan from Chorus Credit be used for?
Personal loans from Chorus Credit are typically used for special purchases, home improvement projects, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Chorus Credit?
Chorus Credit offers personal loans with terms ranging from 24 to 60 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.
What do you need to qualify for a loan with Chorus Credit?
Applicants with a credit score of at least 500 can apply for a loan via Chorus Credit . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Chorus Credit only considers borrowers who are employed.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Chorus Credit. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.
What is the estimated funding time for a personal loan via Chorus Credit?
Chorus Credit will typically provide a credit approval decision in less than an hour and fund the loan within 2 days.
Does Chorus Credit report loan payments to credit bureaus?
Chorus Credit may report credit data to the following credit reporting agencies:
180 N Upper Wacker Dr, Suite 300
Chicago, IL 60606 USA
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|No Origination Fee|
|No Prepayment Fee|
|Credit Score Range||
500 - 700
850 300 500 700
|Immigration Status Considered||
|Employment Statuses Considered||
|Supported Income Types||
|Loan Amount||$2.5K - $10K|
|Loan Term (Months)||24 - 60|
|APR (Fixed APR)||35.9%|