Last Updated: 04/18/2025
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Highlights
APR
5.5% - 11.74%(Verified 06/21/2024)
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Amount Range
$5,000 - $45,000
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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 loan are available in 50 states and Washington, DC.
Key Takeaways
- Fast access to funds. If approved, Laurel Road will send the money in as little as 24 hours.
- 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, consider lenders that don’t charge origination fees.
Does Laurel Road personal loan charge a late fee?
Yes, Laurel Road personal loan may charge a late payment fee if you miss one of the regularly scheduled payments of up to $28.
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. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
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 or other government photo ID
| 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 fund loans within 1 to 3 business days of approval and clearing necessary verifications.
Does Laurel Road Personal Loans report your account activity to credit bureaus?
Yes, Laurel Road Personal Loans reports to the following credit bureaus:
- 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 build your credit.
Does Laurel Road perform a hard credit pull?
Yes, Laurel Road personal loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Laurel Road Personal Loans legit?
Laurel Road was founded in 2006, it is a well-established company that has been in business for 20 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.
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Laurel Road Personal Loans Community Reviews
Would you recommend Laurel Road Personal Loans to your friends?
Jeanette I.
Dec 18, 2018
May or may not recommend
Laurel Road's loan application is neither quick nor easy. It took 30 days for this company to ultimately deny my application. I uploaded more than 10 pieces of documentation for consideration, including my paystubs, license to practice professionally, driver's license, tax returns, bank statements, and account statements of the loans I intended to consolidate.
Biggest issues:
-On the original application, I stated that I received $300/mo in extra income--I rent a room ...Show More
RG
Richard G.
Nov 26, 2018
May or may not recommend
The application for refinancing changed to requiring a hard credit and other hidden requirements and still got rejected.
Guillermo C.
Apr 14, 2018
May or may not recommend
They perform a hard pull when they say they will not, and they do it on ALL credit bureaus. They then decline you. They will lower your score and chances of getting another loan.
Showing 3 of 3 reviews
