Laurel Road Personal Loans
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| 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 are available in 50 states (and Washington, DC).
Key Takeaways
- 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.
- 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.
Laurel Road personal loan Pros & Cons
| Pros | Cons |
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Laurel Road personal loan FAQ
What interest rates and personal loan terms does Laurel Road personal loan offer?
Laurel Road personal loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Laurel Road personal loan offer?
Laurel Road personal loan 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 loan?
Personal loan amounts start at $5,000 and go up to $45,000.
| Personal Loan Amount | $5000 - $45000 |
| Loan Term | N/A |
| APR | 5.5% - 11.74% |
What fees does Laurel Road personal loan charge?
Does Laurel Road personal loan charge an origination fee?
Laurel Road personal loan does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Laurel Road personal loan charge a late fee?
Yes, Laurel Road personal loan may charge borrowers a late payment fee if you miss one of the monthly payments of up to $28, which is triggered if you're 15 days late.
Does Laurel Road personal loan charge prepayment fees?
No, Laurel Road personal loan does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| 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 and permanent resident / green card holders are eligible to apply for the services offered by Laurel Road Personal Loans.
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 loan?
Laurel Road personal loan will typically approve (or deny) a loan application within 24 hours and fund 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.
Is Laurel Road a legit company?
Laurel Road was founded in 2006, it is a well-established company that has been in business for 17 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
Message From Laurel Road personal loan
Contact
- Headquarters
-
855 Main St
Bridgeport, CT 06604 USA - Visit Site
- Email Support
Other Services by Laurel Road
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- 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
Feature Breakdown
| Late Fee Amount | $28 |
| Late Fee Grace Period | 15 days |
| No Origination Fee | |
| No Prepayment Fee |
Laurel Road Personal Loans Community Reviews
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