Peerform is a marketplace lender based in New York, NY. It was founded in 2010 and offers access to personal loans in 41 states across the USA.
Peerform offers personal loans with APRs starting at 7.12% and up to 29.99%.
Yes, Peerform charges a loan origination fee of 1% to 5% of the loan amount. Peerform 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.
Yes, Peerform may charge borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.
No, Peerform does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
Loan amounts start at $1,000 and go up to $25,000.
Applicants with a credit score of at least 600 can apply for a loan via Peerform. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
Active duty servicemembers and their covered dependents are eligible to apply for a loan via Peerform. 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:
Peerform will typically approve (or deny) a loan application within 48 hours and fund personal loans as soon as 1 business day of approval.