
Peerform Personal Loans
in Personal Loans from Peerform Inc.
Would you recommend Peerform Personal Loans to your friends?
Community Rating |
Rating not yet determined |
APR (Fixed APR) | 5.99% - 29.99% |
Loan Amount | $4,000 - $25,000 |
Loan Term (Months) | 36 - 60 months |
Peerform Personal Loans Review
Peerform Personal Loans is offered by Peerform Inc., a marketplace lending platform founded in 2010 and based in New York, NY. Peerform Personal Loans is available in 42 states across the USA.
- APRs starting at 5.99%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Peerform Personal Loans are on the lower end of the spectrum.
- Fast access to funds. In some cases you can get your money within 1 business day.
- Prequalifed rate. You can check your prequalified rate at Peerform Inc. with a soft pull that will not affect your credit score.
- Origination fees of up to 5%. This is average for lenders that charge origination fees. However, plenty of lenders don't charge them. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
- Minimum income of $10,000. You will need an annual income of at least $10,000 to apply for Peerform Personal Loans, which is below average for the lenders in our database
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What rates and terms does Peerform Personal Loans offer?
Peerform Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.
What APR rate does Peerform Personal Loans offer?
Peerform Personal Loans offers a fixed APR personal loan product that ranges from 5.99% APR up to 29.99% APR.
How much can you borrow via Peerform Personal Loans?
Loan amounts start at $4,000 and go up to $25,000
What is the maximum loan term you can get with Peerform Personal Loans?
Peerform Personal Loans offers personal loans with terms ranging from 36 to 60 months.
Loan Amount | $4000 - $25000 |
Loan Term | 36 - 60 months |
APR | 5.99% - 29.99% |
What fees does Peerform Personal Loans charge?
Does Peerform Personal Loans charge an origination fee?
Peerform Personal Loans may charge a loan origination fee of 1% to 5% of the loan amount. Peerform 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 Peerform Personal Loans charge a late fee?
Yes, Peerform Personal Loans may charge borrowers a late payment fee of up to $15, which is triggered if you're 15 days late.
Does Peerform Personal Loans charge prepayment fees?
No, Peerform 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 | 1% - 5% |
Prepayment Fee? | No |
Late Payment Fee | $15 |
What do you need to qualify for Peerform Personal Loans?
Applicants with a credit score of at least 600 and up to 850 may be eligible for Peerform Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.To qualify for personal loans with Peerform Personal Loans, applicants need a minimum annual income of $10,000 or higher. Peerform Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Peerform Personal Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Peerform Personal Loans. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Recent pay stubs
- Proof of income
- Driver's license
Minimum Age | 18 |
Bank Account Required? | Yes |
Application Types Accepted |
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Credit Score | 600 - 850 |
What is the estimated funding time for a personal loan via Peerform Personal Loans?
Peerform Personal Loans will typically approve (or deny) a loan application within 1 hour and fund personal loans within 3 business days of approval.
Does Peerform Personal Loans report your account activity to credit bureaus?
Yes, Peerform Personal Loans reports your account activity to the following credit reporting agencies:
- 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 improve your credit.
Contact
- Headquarters
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711 3rd Ave, 6th floor
New York, NY 10017 - (800) 338-8049
- Visit Site
Other Services by Peerform Inc.
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Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Delaware
- Florida
- Georgia
- Hawaii
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Washington
- Wisconsin
Feature Breakdown
No Prepayment Fee | |
Late Fee Amount | $15 |
Late Fee Grace Period | 15 days |
Origination Fee (%) | 1% - 5% |
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