Strongly not recommended
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Where does Laurel Road do business?
Laurel Road is based in Bridgeport, CT. It was founded in 2006 and offers access to personal loans in 50 states (and Washington, DC).
What are the APRs offered via Laurel Road?
Laurel Road offers personal loans with APRs starting at 5.5% and up to 11.74%.
Does Laurel Road charge an origination fee?
No, Laurel Road 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 Laurel Road charge a late fee?
Yes, Laurel Road may charge borrowers a late payment fee of up to $28, which is triggered if you're 15 days late.
Does Laurel Road charge prepayment fees?
No, Laurel Road does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
How much can you borrow via Laurel Road?
Loan amounts start at $5,000 and go up to $45,000.
What do you need to qualify for a loan with Laurel Road?
Laurel Road doesn’t disclose its credit score minimum.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Laurel Road. 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
- Applicants must have an active and valid checking account
- Recent pay stubs
What is the estimated funding time for a personal loan via Laurel Road?
Laurel Road will typically approve (or deny) a loan application within 24 hours and fund personal loans within 3 business days of approval.
Does Laurel Road report loan payments to credit bureaus?
Laurel Road reports credit data to the following credit reporting agencies:
855 Main St
Bridgeport, CT 06604 USA
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Message from Laurel Road
Other Services by Laurel Road
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- Active Duty Military
- Military Dependent
- 1099 Misc. Income
- Direct Deposit (W2, SSA, SSDI)
- Payroll Check or Prepaid Card
- Employed Full-Time
- Employed Part-Time
- U.S. Citizen
- U.S. Permanent Resident
- Recent Pay Stubs
- Driver License (or other photo ID)
- Automatic Payments
- Check by mail