Earnest Personal Loans
in Personal Loans from Earnest Operations LLCClaimed Visit Site Get Personalized Rates
Earnest Personal LoansClaimed
in Personal Loans from Earnest Operations LLC
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Earnest Personal Loans Review
Earnest Personal Loans is a personal loan offering by Earnest Operations LLC, a direct lender based in San Francisco, CA. Founded in 2013, Earnest Operations LLC offers access to personal loans in 43 states (and Washington, DC).
What rates and terms does Earnest Personal Loans offer?
What personal loan APRs does Earnest Personal Loans offer?
Earnest Personal Loans offers a fixed APR personal loan product that ranges from 5.49% APR up to 18.24% 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 Earnest Personal Loans?
Loan amounts start at $5,000 and go up to $75,000.
What can a personal loan from Earnest Personal Loans be used for?
Personal loans from Earnest Personal Loans are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Earnest Personal Loans?
Earnest Personal Loans offers personal loans with terms ranging from 36 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.
|Loan Amount||$5000 - $75000|
|Loan Term||36 - 60 months|
|APR||5.49% - 18.24%|
What fees does Earnest Personal Loans charge?
Does Earnest Personal Loans charge an origination fee?
Earnest Personal Loans 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 Earnest Personal Loans charge a late fee?
No, Earnest Personal Loans will not charge you a late fee.
Does Earnest Personal Loans charge prepayment fees?
No, Earnest Personal Loans 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||N/A|
What do you need to qualify for a loan with Earnest Personal Loans?
Applicants with a credit score of at least 700 can apply for a loan via Earnest Personal Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Earnest Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay the loan requested.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Earnest Personal Loans. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
|Bank Account Required?||No|
|Joint Applications Accepted?||Yes|
|Credit Score||700 - 850|
What is the estimated funding time for a personal loan via Earnest Personal Loans?
Earnest Personal Loans will typically approve (or deny) a loan application within 48 hours and fund personal loans within 7 business days of approval.
Does Earnest Personal Loans report loan payments to credit bureaus?
Earnest Personal Loans may report credit data to the following credit reporting agencies:
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- South Carolina
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|No Late Fees|
|Credit Score Range||
700 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$5K - $75K|
|Loan Term||36 - 60 months|
|APR (Fixed APR)||5.49% - 18.24%|