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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
Net Recommendation Score -100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

0 users recommend
0 users are unsure
3 users don't recommend
Browse Reviews: 0 Recommendations | 3 Complaints
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Highlights
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).

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
  • Low APRs available to qualified borrowers.
  • $0 prepayment fee.
  • Loan options with $0 origination fee.
  • Funding available within 3 business days.
  • Accepts cosigners and coborrowers.
  • Do not offer pre-approval with soft credit pull.
  • Charges a late fee of $28
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?

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

Laurel Road personal loan Interest Rates & Loan Terms
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.

Laurel Road personal loan Fees
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 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
Laurel Road personal loan 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 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 personal loan a legit company?

    Laurel Road personal loan was founded in 2006, it is a well-established company that has been in business for 16 years.

    Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

    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...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    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

    Contact

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    Availability

      Available in 50 states and Washington, D.C.
    • 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

    No Origination Fee
    No Prepayment Fee
    Late Fee Amount $28
    Late Fee Grace Period 15 days
    Checking Account Required
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Co-borrower
    • Cosigner
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Driver License (or other photo ID)
    • Recent Pay Stubs
    Approval Speed 24 hours
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Funding Time Range 1 - 3 days
    Payment Options
    • Automatic Payments
    • Check by mail
    Loan Amount $5,000 - $45,000
    APR 5.5% - 11.74%

    Laurel Road Personal Loans Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

    -100

    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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