Payoff Personal Loans
in Personal Loans from Payoff Inc.
Would you recommend Payoff Personal Loans to your friends?
| Community Rating | Mostly recommended |
| Loan Amount | $5,000 - $35,000 |
| APR (Fixed APR) | 5.99% - 24.99% |
| Loan Term | 24 - 60 months |
| Number of Reviews | 8 |
Payoff Personal Loans Review
Payoff Personal Loans is a personal loan offering by Payoff Inc., a lending platform based in Costa Mesa, CA. Founded in 2009, Payoff Inc. offers access to personal loans in 45 states (and Washington, DC).
What rates and terms does Payoff Personal Loans offer?
What personal loan APRs does Payoff Personal Loans offer?
Payoff Personal Loans offers a fixed APR personal loan product that ranges from 5.99% APR up to 24.99% 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 Payoff Personal Loans?
Loan amounts start at $5,000 and go up to $35,000.
What can a personal loan from Payoff Personal Loans be used for?
Personal loans from Payoff Personal Loans are typically used for special purchases, debt consolidation or similar purposes.
What is the maximum loan term you can get with Payoff Personal Loans?
Payoff Personal Loans offers personal loans with terms ranging from 24 to 60 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 | $5000 - $35000 |
| Loan Term | 24 - 60 months |
| APR | 5.99% - 24.99% |
What fees does Payoff Personal Loans charge?
Does Payoff Personal Loans charge an origination fee?
Payoff Personal Loans charges a loan origination fee of 0% to 5% of the loan amount. Payoff Personal Loans deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Does Payoff Personal Loans charge a late fee?
No, Payoff Personal Loans will not charge you a late fee. of up to $0
Does Payoff Personal Loans charge prepayment fees?
No, Payoff Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
| Origination Fee | 0% - 5% |
| Prepayment Fee? | No |
| Late Payment Fee | $0 |
What do you need to qualify for a loan with Payoff Personal Loans?
Applicants with a credit score of at least 640 can apply for a loan via Payoff Personal Loans. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify for a loan with Payoff Personal Loans, applicants need a minimum annual income of $40,000 or higher. Payoff Personal Loans only considers borrowers who are employed and meet the minimum income requirement.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Payoff Personal Loans. Their rates fall within the limits of The Military Lending Act.Only U.S. citizens and permanent residents can apply for a loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Applicants must have an active and valid checking account
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
| Minimum Age | 18 |
| Bank Account Required? | Yes |
| Joint Applications Accepted? | Yes |
| Credit Score | 640 - 850 |
What is the estimated funding time for a personal loan via Payoff Personal Loans?
Payoff Personal Loans will typically approve (or deny) a loan application within 3 hours and fund personal loans within 7 business days of approval.
Does Payoff Personal Loans report loan payments to credit bureaus?
Payoff Personal Loans may report credit data to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Contact
- Headquarters
-
3200 Park Center Drive, STE. 800
Costa Mesa, CA 92626 USA - (800) 878-0901
- Visit Site
Message from Payoff Inc.
About Payoff Personal Loans
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Michigan
- Minnesota
- Missouri
- Montana
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
| No Prepayment Fee | |
| Late Fee Amount | $0 |
| No Late Fees | |
| Origination Fee | 0% - 5% |
Payoff Personal Loans Community Reviews
Would you recommend Payoff Personal Loans to your friends?
