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  Laurel Road Personal Loans

Laurel Road Personal Loans

in Personal Loans from Laurel Road

Unaffiliated

Laurel Road Personal Loans

Unaffiliated

in Personal Loans from Laurel Road

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Strongly not recommended

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3 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount $5,000 - $45,000
APR 5.5% - 11.74%
Loan Term N/A months

Laurel Road Personal Loans Review

Laurel Road Personal Loans is offered by Laurel Road, a bank founded in 2006 and based in Bridgeport, CT. Laurel Road Personal Loans is offered in 50 states (and Washington, DC).

What rates and terms does Laurel Road Personal Loans offer?

Laurel Road Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What personal loan APRs does Laurel Road Personal Loans offer?

Laurel Road Personal Loans offers a personal loan product that ranges from 5.5% APR up to 11.74% 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 Laurel Road Personal Loans?

Loan amounts start at $5,000 and go up to $45,000.

Laurel Road Personal Loans Rates & Terms
Loan Amount $5000 - $45000
Loan Term N/A
APR 5.5% - 11.74%

What fees does Laurel Road Personal Loans charge?

Does Laurel Road Personal Loans charge an origination fee?

Laurel Road 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 Laurel Road Personal Loans charge a late fee?

Yes, Laurel Road Personal Loans may charge borrowers a late payment fee of up to $28, which is triggered if you're 15 days late.

Does Laurel Road Personal Loans charge prepayment fees?

No, Laurel Road 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.

Laurel Road Personal Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee $28

What do you need to qualify for Laurel Road Personal Loans?

Laurel Road Personal Loans does not require or does not disclose a credit score minimum.

Laurel Road Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Laurel Road Personal 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. Active duty service members and their covered dependents are eligible to apply for a loan via Laurel Road Personal Loans. 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:

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • Driver's license
Laurel Road Personal Loans Eligibility Criteria
Minimum Age N/A
Bank Account Required? Yes
Application Types Accepted
  • Co-borrowers
  • Cosigners
  • Credit Score N/A

    What is the estimated funding time for a personal loan via Laurel Road Personal Loans?

    Laurel Road Personal Loans will typically approve (or deny) a loan application within 24 hours and fund personal loans within 3 business days of approval.

    Does Laurel Road Personal Loans report your account activity to credit bureaus?

    Laurel Road Personal 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 score.

    LAUREL ROAD PERSONAL LOANS Disclosure: AUTOMATIC PAYMENT Authorizing the loan servicer or lender to automatically deduct monthly payments from a bank of your choice. Borrowers receive a 0.25% rate discount if they pay via Automatic Payment. APR is defined as Annual Percentage Rate. FIXED APR – Standard Personal Loan Loans are available in terms ranging from 3 to 5 years, and with APRs ranging from 5.75% for a 3 year loan to 11.99% for a 5 year loan. PAYMENT EXAMPLES Monthly payments can range from $196.83 to $327.34 for a $10,0
    SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    • Headquarters
    •   855 Main St
      Bridgeport, CT 06604 USA
    •   Visit Site

    Message from Laurel Road

    We understand that the road to financial freedom isn’t an easy one to travel, and we believe that determined and driven individuals should be rewarded with financial products that help them stay focused on the road ahead. We provide carefully crafted loans with low rates, personalized service, and streamlined processes enabled by proprietary technology, to make the journey to financial independence just a bit easier. Laurel Road can help you leave debt behind, so you can stay focused on the ro

    Other Services by Laurel Road

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Vermont
    • Virginia
    • Washington
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    No Origination Fee  
    No Prepayment Fee  
    Late Fee After (number of days) 15
    Late Fee Amount $28
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Bank Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Supported Income Types
    • 1099 Misc. Income
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Joint Loan Applications Accepted
    • Co-borrower
    • Cosigner
    Verification Documents Required
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    Loan Amount $5K - $45K
    APR 5.5% - 11.74%

    Laurel Road Personal Loans Community Reviews

     
     

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