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  Peerform Personal Loans

Peerform Personal Loans

in Personal Loans from Peerform Inc.

Claimed

Peerform Personal Loans

Claimed

in Personal Loans from Peerform Inc.

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Strongly recommended

3 users recommend
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1 user doesn't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Loan Amount $4,000 - $25,000
APR  (Fixed APR) 5.99% - 29.99%
Loan Term 36 - 60 months

Peerform Personal Loans Review

Peerform Personal Loans is offered by Peerform Inc., a marketplace lender founded in 2010 and based in New York, NY. Peerform Personal Loans is offered in 42 states across the USA.

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 personal loan APRs 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.

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 Peerform Personal Loans?

Loan amounts start at $4,000 and go up to $25,000.

What can a personal loan from Peerform Personal Loans be used for?

Personal loans from Peerform Personal Loans 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 Peerform Personal Loans?

Peerform Personal Loans offers personal loans with terms ranging from 36 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.

Peerform Personal Loans Rates & Terms
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 charges 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.

Peerform Personal Loans Fees
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 are 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.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid checking account
  • Recent pay stubs
  • Proof of income
  • Driver's license
Peerform Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? Yes
Application Types Accepted
  • Individual Applications
  • 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?

    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 can help improve your credit score.

    PEERFORM PERSONAL LOANS Disclosure: Peerform may charge a borrower a late payment fee of $15 or 5% of the monthly payment amount, whichever is greater.
    SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    Message from Peerform Inc.

    Founded in 2010 by Wall Street executives with extensive backgrounds in Finance and Technology, the Peerform marketplace lending platform is dedicated to helping borrowers by offering them hassle-free personal loans at great rates.

    Other Services by Peerform Inc.

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 42 states
    • 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 After (number of days) 15
    Late Fee Amount $15
    Origination Fee 1% - 5%
    Minimum Age 18
    Credit Score Range 600 - 850
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Minimum Annual Income $10,000
    Bank Account Required  
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
    • Unemployed
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Supported Income Types
    • 1099 Misc. Income
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    Joint Loan Applications Accepted
    • Individual Applications
    Verification Documents Required
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    Loan Amount $4K - $25K
    Loan Term 36 - 60 months
    APR (Fixed APR) 5.99% - 29.99%

    Peerform Personal Loans Community Reviews

     
     

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