in Personal Loans from Delmarva Funding LLCUnaffiliated
|APR (Fixed APR)||N/A|
|Loan Amount||$1,000 - $40,000|
|Loan Term (Months)||Up to 60 months|
Credit Direct Review
Credit Direct is offered by Delmarva Funding LLC, a direct lender founded in 2012 and based in Rockville, MD. Credit Direct is available in 13 states across the USA.
- Fast access to funds. In some cases you can get your money within 1 business day.
- Prequalified rate. You can check your prequalified rate at Delmarva Funding LLC with a soft pull that will not affect your credit score.
- No origination fee. Credit Direct does not charge a loan origination fee.
What rates and terms does Credit Direct offer?
Credit Direct has lower interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does Credit Direct offer?
Credit Direct offers a fixed APR personal loan product but they do not disclose their rates.
How much can you borrow via Credit Direct?
Loan amounts start at $1,000 and go up to $40,000
What is the maximum loan term you can get with Credit Direct?
Credit Direct offers personal loans with
|Loan Amount||$1000 - $40000|
|Loan Term||up to 60 months|
What fees does Credit Direct charge?
Does Credit Direct charge an origination fee?
Credit Direct 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 Credit Direct charge a late fee?
Yes, Credit Direct may charge borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.
Does Credit Direct charge prepayment fees?
No, Credit Direct 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||up to $15|
What do you need to qualify for Credit Direct?Applicants with a credit score of at least 580 and up to 850 may be eligible for Credit Direct. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Credit Direct does not have or does not disclose a minimum annual income eligibility requirement. Credit Direct only considers borrowers who are employed.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Credit Direct. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Credit Direct. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Driver's license
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- U.S. tax identification number
|Bank Account Required?||No|
|Credit Score||580 - 850|
What is the estimated funding time for a personal loan via Credit Direct?
Credit Direct will typically approve (or deny) a loan application within 24 hours and fund personal loans within 3 business days of approval.
Does Credit Direct report your account activity to credit bureaus?
Yes, Credit Direct reports your account activity to the following credit reporting agencies:
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
- North Carolina
|No Origination Fee|
|No Prepayment Fee|
|Late Fee Amount||Up to $15|
|Late Fee Grace Period||15 days|
|Employment Statuses Considered||
|Immigration Status Considered||
|Verification Documents Required||
|Credit Score Range||580 - 850|
|Approval Speed||24 hours|
|Credit Bureau Reporting||
|Funding Time Range||1 - 3 days|
|Pre-Approved Soft Credit Inquiry|
|Loan Amount||$1,000 - $40,000|
|Loan Term||Up to 60 months|