Kashable Loans Review

Kashable Loans is offered by Kashable, a direct lender founded in 2013 and based in New York, NY. Kashable Loans is available in 31 states across the USA.

• APRs starting at 6%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Kashable Loans are on the lower end of the spectrum.
• Fast access to cash. In some cases you can get your money within 1 business day.
• Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 300 are considered for Kashable Loans.
• Hard credit pull required. You can't check your rates or see if you prequalify for Kashable Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Kashable Loans early.
• Short loan terms. Kashable Loans offers loan terms as short as 6 months. Most personal loans have a minimum term of 12 to 36 months.

What rates and terms does Kashable Loans offer?

Kashable Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What fees does Kashable Loans charge?

What do you need to qualify for Kashable Loans?

Kashable Loans does not have or does not disclose a minimum annual income eligibility requirement. Kashable Loans 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. APRs for the Kashable Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

What is the estimated funding time for a personal loan via Kashable Loans?

Kashable Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 7 business days of approval.

Does Kashable Loans report your account activity to credit bureaus?

Kashable Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

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.