in Personal Loans from Lift Credit
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Where does Lift Credit do business?
Lift Credit is a direct lender based in Provo, UT. Founded in 2012, Lift Credit offers access to personal loans in 3 states across the USA.
What rates and terms does Lift Credit offer?Lift Credit has higher interest rates than the average for lenders reviewed on SuperMoney.
What personal loan APRs does Lift Credit offer?Lift Credit offers a fixed APR personal loan product that ranges from 99% APR up to 450% 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 Lift Credit?
Loan amounts start at $100 and go up to $2,500.
What can a personal loan from Lift Credit be used for?
Personal loans from Lift Credit are typically used for special purchases, debt consolidation, home improvement projects, weddings, unexpected expenses or similar purposes.
What is the maximum loan term you can get with Lift Credit?
Lift Credit offers personal loans with terms ranging from 3 to 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
|Loan Amount||$100 - $2500|
|Loan Term||3 - 12 months|
|APR||99% - 450%|
What fees does Lift Credit charge?
Does Lift Credit charge an origination fee?
Lift Credit charges a loan origination fee.
Does Lift Credit charge a late fee?
Yes, Lift Credit may charge borrowers a late payment fee
Does Lift Credit charge prepayment fees?
No, Lift Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
|Late Payment Fee||N/A|
What do you need to qualify for a loan with Lift Credit?
Applicants with a credit score of at least 300 can apply for a loan via Lift Credit . The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a Lift Credit loan, applicants need a minimum annual income of $15,600 or higher.
Active duty servicemembers and their covered dependents cannot apply for a loan via Lift Credit. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
|Bank Account Required?||No|
|Joint Applications Accepted?||Yes|
|Credit Score||300 - 640|
What is the estimated funding time for a personal loan via Lift Credit?
Lift Credit will typically approve (or deny) a loan application within 2 hours and fund personal loans within 7 business days of approval.
|No Prepayment Fee|
|Credit Score Range||
300 - 640
|Immigration Status Considered||
|Minimum Annual Income||$15,600|
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$100 - $2.5K|
|Loan Term (Months)||3 - 12|
|APR (Fixed APR)||99% - 450%|