Fortiva Personal Loans is a direct lender based in Atlanta, GA. It was founded in 2011 and offers access to personal loans in 50 states (and Washington, DC).
Fortiva Personal Loans offers personal loans with APRs starting at 35% and up to 200%.
Yes, Fortiva Personal Loans charges a loan origination fee starting at 2% of the loan amount. Fortiva Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Yes, Fortiva Personal Loans may charge borrowers a late payment fee.
Yes, Fortiva Personal Loans charges additional fees to borrowers who pay off their loans soon than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
Loan amounts start at $100 and go up to $5,000.
Fortiva Personal Loans offers personal loans with a maximum term of 30 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.
Applicants with a credit score of at least 560 can apply for a loan via Fortiva Personal Loans.
Active duty servicemembers and their covered dependents cannot apply for a loan via Fortiva Personal Loans. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
Fortiva Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans as soon as 1 business day of approval.