in Personal Loans from LoanNowClaimed
in Personal Loans from LoanNow
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Where does LoanNow do business?
LoanNow is a direct lender based in Santa Ana, CA. Founded in 2013, LoanNow offers access to personal loans in 7 states across the USA.
What rates and terms does LoanNow offer?LoanNow has higher interest rates than the average for lenders reviewed on SuperMoney.
What personal loan APRs does LoanNow offer?LoanNow offers a fixed APR personal loan product that ranges from 29% APR up to 299% 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 LoanNow?
Loan amounts start at $1,000 and go up to $5,000.
What can a personal loan from LoanNow be used for?
Personal loans from LoanNow are typically used for special purchases, debt consolidation, home improvement projects, weddings, medical expenses & procedures, unexpected expenses or similar purposes.
What is the maximum loan term you can get with LoanNow?
LoanNow offers personal loans with terms ranging from 9 to 48 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||$1000 - $5000|
|Loan Term||9 - 48 months|
|APR||29% - 299%|
What fees does LoanNow charge?
Does LoanNow charge an origination fee?
LoanNow 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 LoanNow charge a late fee?
Yes, LoanNow may charge borrowers a late payment fee, which is triggered if you're 15 days late.
Does LoanNow charge prepayment fees?
Yes, LoanNow charges additional fees to borrowers who pay off their loans soon than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
|Late Payment Fee||N/A|
What do you need to qualify for a loan with LoanNow?
Applicants with a credit score of at least 500 can apply for a loan via LoanNow . The minimum age to apply for a loan is 21 or the state minimum, whichever is higher.
LoanNow only considers borrowers who are employed.
Active duty servicemembers and their covered dependents cannot apply for a loan via LoanNow. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.Only U.S. citizens and permanent residents can apply for a loan.
|Bank Account Required?||Yes|
|Joint Applications Accepted?||Yes|
|Credit Score||500 - 700|
What is the estimated funding time for a personal loan via LoanNow?
LoanNow will typically approve (or deny) a loan application within 1 hour and fund personal loans within 2 business days of approval.
Does LoanNow report loan payments to credit bureaus?
LoanNow may report credit data to the following credit reporting agencies:
- New Mexico
- South Carolina