Earnest Personal Loans
in Personal Loans from Earnest Operations LLC
Would you recommend Earnest Personal Loans to your friends?
| Community Rating | Mostly not recommended |
| Loan Amount | $5,000 - $75,000 |
| APR (Fixed APR) | 5.99% - 17.24% |
| Loan Term | 36 - 60 months |
| Number of Reviews | 23 |
Earnest Personal Loans Review
Earnest Personal Loans is offered by Earnest Operations LLC, a direct lender founded in 2013 and based in San Francisco, CA. Earnest Personal Loans is available in 43 states (and Washington, DC).
Key takeaways
- Fast access to cash. In some cases you can get your money within 1 business day.
- Good credit required. You will need a credit score of at least 680 to qualify for Earnest Personal Loans.
- Large loan amounts. You can apply for loan amounts of up to $75,000 with Earnest Personal Loans.
- No origination fee. Earnest Personal Loans does not charge a loan origination fee.
- No late fees. Missing a payment can seriously damage your credit, but Earnest Personal Loans will not charge additional fees if you miss the due date on a payment.
Earnest Personal Loans Pros and Cons:
| Pros | Cons |
|---|---|
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What rates and terms does Earnest Personal Loans offer?
Earnest Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does Earnest Personal Loans offer?
Earnest Personal Loans offers a fixed APR personal loan product that ranges from 5.99% APR up to 17.24% 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 | 5.99% - 17.24% |
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.
| Origination Fee | N/A |
| Prepayment Fee? | No |
| Late Payment Fee | N/A |
What do you need to qualify for Earnest Personal Loans?
Applicants with a credit score of at least 680 and up to 850 are eligible for Earnest Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.Earnest Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Earnest Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.
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 Earnest Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Earnest Personal Loans. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid checking account
- Recent pay stubs
- Proof of income
- Driver's license
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| Credit Score | 680 - 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 your account activity to credit bureaus?
Earnest Personal Loans reports your account activity to the following credit reporting agencies:
- Experian
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.
Contact
- Headquarters
-
303 2nd Street
Suite 401N
San Francisco, CA 94107
Message from Earnest Operations LLC
Other Services by Earnest Operations LLC
Availability
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Missouri
- Montana
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| No Origination Fee | |
| No Prepayment Fee | |
| No Late Fees |
