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
Low APRs available to qualified borrowers. $0 prepayment fee. $0 origination fee. Fast funding.	Only considers applicants with good credit. No co-sign option.

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 fees does Earnest Personal Loans charge?

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 personal checking account
• Recent pay stubs
• Proof of income
• Driver's license
• Proof of citizenship or residence permit

Earnest Personal Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	Yes
Application Types Accepted	Individual Applications
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.