Laurel Road Personal Loans
in Personal Loans from Laurel Road
Would you recommend Laurel Road Personal Loans to your friends?
| Community Rating |
Rating not yet determined |
| APR | 5.5% - 11.74% |
| Loan Amount | $5,000 - $45,000 |
| Loan Term (Months) | N/A |
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 available in 50 states (and Washington, DC).
- Fast access to funds. In some cases you can get your money within 1 business day.
- Large loan amounts. You can apply for loan amounts of up to $45,000 with Laurel Road Personal Loans.
- Hard credit pull required. You can't check your rates or see if you prequalify for Laurel Road Personal Loans without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
- No origination fee. Laurel Road Personal Loans does not charge a loan origination fee.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Laurel Road Personal Loans.
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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 APR rate 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.
How much can you borrow via Laurel Road Personal Loans?
Loan amounts start at $5,000 and go up to $45,000
| 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.
| 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. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
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.
U.S. citizens are, of course, eligible for the services offered by Laurel Road 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
- Driver's license
| Minimum Age | N/A |
| Bank Account Required? | Yes |
| Application Types Accepted |
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| 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?
Yes, 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 may help improve your credit.
Message From Laurel Road
Availability
- 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 Amount | $28 |
| Late Fee Grace Period | 15 days |
Laurel Road Personal Loans Community Reviews
Would you recommend Laurel Road Personal Loans to your friends?
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